6A Identifying Opportunities in Economic & Regulatory Trends

Opportunity #1: Economic

A.             I found this opportunity at Thebalance.com while searching the web.

https://www.thebalance.com/top-usa-future-economic-trends-3305666

B.    According to this article, global warming has completely altered the food industry. Corn and soybeans which are an essentially building block to other foods cannot grow in higher temperatures so in anticipation of shortages, food prices are increasing. Thus, there is an opportunity to distribute these items at raised margins.

C.             There are two types of potential customers, farmers who need the materials they are short on and regular everyday people who consume foods.

D.             This opportunity seems relatively easy to exploit because food is a need that every has and every needs to satisfy regardless of cost.

This opportunity was not clear to be because food is a basic necessity that I did not think had large fluctuations in price.

Opportunity #2: Economic

A.             I found this opportunity at Thebalance.com while searching the web.

https://www.thebalance.com/top-usa-future-economic-trends-3305666

B.    According to the article, America is declining in global economic power, so there are a lot of companies being forced into a transition to foreign economies with job outsourcing and globalization. There is an opportunity for a business strategy firm to specialize in the transfer of domestic companies into international companies.

C.             The prototypical customer is an organization that is currently US based, but plans on expanding into foreign countries.

D.             This opportunity seems difficult to exploit because it is easier to acquire customers when they are individuals, not organizations.

This opportunity was relatively clear to me because I have learned in many classes how many companies are going global and setting up firms outside the US.

Opportunity #3: Regulatory

A.             I found this opportunity online at https://www.pwc.com/us/en/library/risk-regulatory/strategic-policy/top-policy-trends.html

B.             According to the article, one regulatory trend is stricter regulations on data privacy. Thus, the opportunity would be a data privacy firm, but for individuals. A lot of big companies outsource their data protection, but the everyday person does not yet have someone to protect their data.

C.             The prototypical consumer is the middle-to-upper class person who has easy access to and uses the Internet often.

D.             This opportunity seems easy to exploit because in an age that is dominated by technology, people are at peak concern over their data and the laws in this country are reflecting that.

This opportunity seems clear to me because technology is constantly changing the way we live, and data privacy is just the next adaption individual tech users will need to make.

Opportunity #4: Regulatory

A.             I found this opportunity online at https://www.forbes.com/sites/lewiskoski/2019/09/03/americas-cannabis-industry-balancing-strong-regulation-with-businesses-desire-for-accountability/#23c5dd43ed2f

B.             According to the article, one regulatory trend is the legalization of marijuana across states in the US. The opportunity here is vague and general because there are many different ways to profit. There could be a way to help police regulate usage, a way to combine marijuana with normal activities to innovate the way daily life is conducted, and more.

C.             The prototypical consumer could be a local police department or the everyday marijuana user.

D.             This opportunity seems easy to exploit because there is a large market of users as well as a multitude of ways to profit off of a very versatile resource that is rapidly becoming more legally available in the US.

This opportunity seems clear to me because i have been seeing on the news how the legalization of marijuana has been positively impacting the economies in states such as Illinois.