Excellent post! The chilean banking systems, just like the Peruvian, anticipated the entrance of “Venmo’s” that could extract from them part of the value that was being created and as a response made electronic transfers free of charge. By doing this they removed all the incentives to enter the market because there was no reason for consumers to switch to a new technology or adpot a new app. I would be curious about the response of banks and if they are able to get back that part of the market my adopting new commercial apporachs and more efficient technologies.
Sotaro, excellent post! I’m wondering what implications might have the different technologies that the different central banks may use to develop digital currencies. So far the physyical element of currencies allows an easy exchange, in the case of digital currencies different techonologies might impose barriers for trading with the consequence of less developed and inefficient markets.
Francisco, excellent post! just two comments:
I disagree on the fact that “Private investors are more likely to operate a highway with ETC because this system allows for better and easier payment collection”, the ETC system involves a late payment which allows consumers not to pay or to pay late, when the traditional toll system the cash has a 100% collection rate.
The second point is related with the usage of the information the ETC system is collecting. Currently this information is being shared with the police to locate stollen cars. By doing this the police can narrow the search perimeter and increase the probability of getting back the stolen car. This use is a clear example of how sharing the private information of the users can lead to higher social benefits.
Excellent post! It’s interesting how beacons can help department stores to improve the in-store shopping experience by offering more tailored offers and promoting cross selling between departments or through complimentary products.
The usage of beacons should be a relevant part of the omnichannel experience that most retailer are trying to build and data usage is the biggest challenge. Identyfying a consumer by beacons in a store is not difficult, the hard part is to identify that customer, link him to his online behaviour and generate a personalized offer based on his behaviour accross all channels.
Joe, interesting post! I was also wondering of the role of Brick & Mortar stores as contributors to generate the climate change. Whole Foods and other supermarkets are intensive in energy consumption and they should take a more active approach to reduce their consumption, not only to get energy from cleaner sources.
As an example, Walmart is taking serious efforts into this and is also moving all it’s supply chain into the same direction.
For me as an active user of Patagoni gear for fishing, the fundamental difference with other brands is that they are trully honest on their enviromental care. Every time i go into a store they have a different campaign supporting local communities and fighting against projects that can potentially damage the ecosystem around it.
High quality is an attribute that could be easily replicated, having a clear mission is something harder to imitate, and the continuous years of success have proven it.
Nicole, thanks for your post it was so interesting! I would like to add the impacts that El Niño is having in other economic activities beside agriculture.
I used to work for a shopping centers developer and we constructed in all major peruvian cities. One of our biggest problems, specially in the northern part, was that every year the season when we could build the shopping centers was shorter because of the heavy rains that we had to face. This caused as a delay in the openening date, which is one of the most critical aspects of the business.
In addition to that we also faced serious problems because of the floods that El Niño caused. In fact one of our shopping centers was completely flooded and all of our electrical systems were placed in the basement so became seriously damaged. After that we decided that the electric systems should be placed on the roofs to avoid this problems, even if was more expensive to design it like that.
Divyang, it was really interesting to me as a tennis fan to read this as I have never really made the link between climate change and tennis. Most of the times when i saw climate impacting the normal development of a tennis tournament I blamed the season of the year or other external factors.
One concrete example of how climate has impacted the tennis infrastructure is the retractable roof that the Wimbledon stadium had to install a few years ago to prevent the side effects of rain. I wonder how could this become more common in the future and generate an increasing cost pressure that couldn’t be afford in emerging markets, having as final consequence that more succesful sportman will come only from developed countries that can afford infrastructure to combat excesive heats or rain.
Barbara and Mariana, I understand that the fast fashion encourages consumption and generates a lot of waste with it’s multiple seasons and forced outdating. But you must understand that ultimately they are responding to a customer’s need and if they don’t do it somebody else will. Fortunately they understand that their business model can generate some sustainability problems and they are working in ways to mitigate this side effects.
Other positive side of their actions is the impact they have had on smaller apparel retailers. For example, in the last years most of the Latin American fashion retailers have started clothing recycling campaigns trying to imitate H&M (e.g http://www.paris.cl/guias/ropaxropa).