I think a key innovation in the shopping experience over the next 5-10 years has to be using AI to simulate what a consumer would actually look like in a style/size and making the experience way better than the process of fitting rooms and returns/exchanges that it is right now. However, there is a trade off with a brand like Ralph Lauren who aims to be a classic, rustic look and therefore relying on AI/VR cuts into that brand and vision in my opinion. Weighing these together becomes increasingly important.
There is a similar service at airports that allows you to drop your car off when you are flying somewhere and it will be rented out to customers during the days you are away. You get a cut of what the service makes, and you car is cleaned by the company. They take you from their lot to/from the terminal in a black car. I love the idea of increasing utilization of stagnant inventory – huge companies like Uber and Airbnb have strived to do this with their service. Insurance policy becomes a huge piece of this business, as well as threat of rental car companies creating lots within cities and matching the average price on getaround.
LinkedIn Europe is trying to make a platform that allows Syrian refugees living in developed areas in Europe to connect w employers and incentivizes employers from engaging with this highly active, smart population. Simply connected talent with potential employers is a huge gap in what makes assimilation to a new place difficult for this massive population and to create tools to specifically encourage and enable this with proper language, etc. is wonderful.
Yes I wonder how much of the industry will be further disrupted by platforms to enable consumers to directly do things themselves that normally outside third party service providers do like pest control. It seems outdated to me the idea of having an exterminator come to one’s home for a service that is the application of materials to a home – however, maybe I am wrong. The industry of maids and cleaners is still alive and active…
Can a feature like the online digital delivery service where consumers can have a realtime feed into the status of their order be hacked? I have heard rumors that indeed dominos just follows a time based sequence that isn’t based on any human inputs, so it is more like an animation rather than a real-time update of that. Maybe it is necessary to do this in an industry in which any additional steps in the supply chain fulfillment leads to unhappier customers?
M-pesa is a really interesting company and changing a lot of unbanked individuals’ lives especially in emerging markets. The one issue with making mobile banking the go-to financial solution, vs. simply a side feature (like venmo) becomes security. If someone’s entire financial accounts lie within one’s mobile phones, security can be compromised quickly. Furthermore, Tel-cos get increasingly more powerful.
Yes, to address the ski resort related posts, it seems like El Nino has caused irregular weather patterns which has made establishments have a difficult time planning upcoming seasons when much of their business relies on such.
To address the last comment, I think that any oil and gas company can play their role in the fight for renewables – even a marginal impact and increasing alternatives to fossil fuel can probably be highly profitable and make a large global impact.
Very cool to learn about sustainable wood and what that would mean for the environment!
Thanks Ryan – very interesting to think about the rising sea levels on such a large Mexico city that relies on tourism.
very interesting analysis Rashard – thanks for sharing! I did not realize nearly how much airlines contributed – obviously a great amount but did not quantify until now.
I totally agree, I think that it is wonderful the impact yet sacrificing on indoor activities is a particularly dismal and sad alternative.