Tuesday, February 4, 2020

6A - Identifying Opportunities in Economic & Regulatory Trends

Economic: Banning petrol cars
https://www.reuters.com/article/us-climate-change-accord/electric-dream-britain-to-ban-new-petrol-and-hybrid-cars-from-2035-idUSKBN1ZX2RY
-British government announced that starting in 2035 they will be banning creation of new petrol and hybrid cars in order to minimize air pollution. This is an easy opportunity to exploit because the market for electric and eco-friendly cars has been open for years. This information suggests an opportunity for car companies to be working on a car that is even better for the environment, but more importantly, even cheaper for customers. This is an opportunity that people need to get ahead of before the ban is put into place.

Economic: Halt in airplane industry affects economy
https://www.wsj.com/articles/boeings-woes-create-headwinds-for-u-s-economy-11580655600
-The Boeing 737 MAX crashes have put the large plane company at a standstill and it is projected to affect the GDP in the upcoming fiscal year. The opportunity here is for other transportation companies and airplane manufacturers to help alleviate this financial hardship. The opportunity here would be seized by these other companies really amping up their marketing tactics and doing everything they can to attract customers. This is a problem that can be solved and profited off of if the people with the correct expertise seize it. The Boeing issue has been going on for too long and something should be done about it.

Regulatory: There are way to travel more sustainably
https://www.nytimes.com/guides/travel/how-to-travel-sustainably?algo=identity&fellback=false&imp_id=653659910&imp_id=89342002&action=click&module=Smarter%20Living&pgtype=Homepage&redirect=true
-This NYT article gives tips and tricks to traveling more sustainably, but does not have any concrete influence over the traveler who is apathetic about the size of their carbon footprint. There are some companies that will help people travel more sustainability, but they must be sought out. There is an opportunity here to provide incentive to people to travel more sustainability by offering a rewards plan. This opportunity can be taken advantage of by the government or some other environmental entity that has a stake in this. I saw this opportunity because I have been traveling a lot recently, and I have been thinking about this.

Regulatory: News regulations being put in place due to Coronavirus
https://www.cnbc.com/2020/02/04/coronavirus-american-airlines-suspends-hong-kong-flights-amid-outbreak.html
-This CNBC article breaks the news about many flights to Hong Kong being canceled amidst the coronavirus outbreaks there. Pilots sued the airlines to cancel these flights so they would not be put at risk. There is an opportunity here that is bigger than just flights being affected by illness epidemics like this one. The opportunity is to help establish a better, less frantic plan of action for when something like this happens in the future. There needs to be stricter rules about what to do when peoples' physical healths are put on the line. The opportunity is right out in the open and can be tackled from many different sides. It is hard not to imagine there is some way to profit off of this.

2 comments:

  1. Hey Molly! I found the article about the Boeing business to be the most interesting! I actually have been under a cave apparently, because I had no idea this opportunity existed. It was even more interesting, however, that you also chose to talk about another article that mentioned that pilots are in revolt against flying paths that may put them in danger of contracting the coronavirus. It seems that in this situation, GDP affected by commercial airlines is doomed to decrease due to both these mishappenings occurring at the same time.

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  2. Hey Molly! The first article I found super interesting. You made a really good point. Overall your post was really well written and felt like these were all opportunities that are really important today especially if it could effect everyone later on.

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