“US-China
trade war: New tariffs come into force”
I found this opportunity while reading an article
on the BBC main website in the business section. With the US and China going
toe-to-toe in a tariffs war, pricing of goods are increasing and may not stop
until a compromise is met, but in the meantime there are points to exploit on
either side. Goods like coal, copper scrap, fuel, have all found their way into
China’s list of added tariffs. Thus, potentially leaving China’s industrial
market hungry for manufacturing materials and fuel sources, like coal. This
opportunity seems easily exploited with the right tools and knowledge. Our calm
level-headed US president does not seem to have any intentions to reduce
tariffs on goods, leaving China’s demands looking for a new supplier. I am sure
others have seen the tariff war between China and the US; however, as an
individual who has worked as an A/C mechanic, I can see that the mechanical
aspect of the industrialized Chinese market is going to need these metals to
continue production.
“Amazon deal shakes
healthcare sector”
Amazon, the power-hungry superpower,
has decided to expand into the medical field by buying PillPack. Pillpack is a
multimillion dollar pharmaceutical company that prepackages prescription drugs
in individual bags for a more efficient experience. I found this article on the
BBC business section and it immediately caught my attention. Knowing that
amazon is expanding into the pharmaceutical market where the majority of
costumers are elderly people who struggle with technology may leave room for
improvement. Setting a third-party system to make sure that each elderly
individual gets there prescription and knows how to order there prescription
may be beneficial to everyone. This opportunity may present itself to be
difficult as Amazon seem to like to keep business within the family, so a third
part may not be welcomed. I came up with this idea because I’ve seen my grandma
trying to use a remote, I have never seen some staring at something with such
confusion. Thus, leading to my understand that elderly people need a helping
hand when it comes to the use of technology.
GM recalls 1.2 million vehicles
Also, I found these articles on the
BBC and on the ABC News website. GM has recalled 1.2 million SUVs and pick up
trucks for issues with power steering. As technology advances in vehicles more
and more variables are added that can go wrong. Implementing a firm that
extensively evaluates technologically advanced devices may led to less
malfunctions as the bad products are weeded out. The costumers for such a firm
can be car manufactures and or other tech-savvy companies that need to place a
product safety rating. This opportunity seems relatively difficult to start
since you’d have to build a name for the companies. If not its stamp of
approval, quality and safety, will mean nothing to the consumer. Reason I saw
this opportunity is that I understand the conscious safety buyer and that when
deciding to invest in something it is priceless to have someone reassure your
decision.
Use it or lose it
“Use it or lose it” is a popular
saying in today’s sociality, especially as the fitness industry grows. The
fitness industry has grown rapidly over the past few years, with new supplement
products overfilling shelves, new gym locations popping up all over cities, and
Instagram models promoting a ridiculous physique while calming no use of
steroids. However, this market is targeting young adults leaving the elderly
out of the equation. There is an opportunity for a whole new market. Cities
like Tampa-St. Petersburg, FL., where 18.7 percent of the population are 65 and
above, according to Forbes magazine, would be a place start. Implementing bus
services for pick-ups, facilities created to keep elderly people active, and
offering classes from nutrition to exercise. I think with a fitness community distracted
on competing for one target audience it may be easy to become the leader in
elderly fitness/health. My reason for seeing this opportunity is that I understand
the importance of remaining active. Watching the elderly people in my life stay
sedentary not because they choose not to, but because they lack opportunity.
Hey Cesar, I really enjoyed reading your post. It was well organized and very informative. I'd like to focus on the article about the fitness opportunity for the elderly. I think that is a very clever idea and should be enforced. I know that I would like to stay active when I reach that age and I'm sure some older people feel the same way, however, it is much harder to keep and active lifestyle at an older age. I believe if we had an institution dedicated to help older people stay active, it would be a huge benefit to them. Thanks for sharing!
ReplyDeleteHi Cesar, I honestly learned a lot from your post. I was specifically interested in the article about Amazon. Amazon is quite the "one stop shop". I was not shocked to hear that they entered into the pill market. I feel like they great at recognizing opportunities and taking advantage of opportunities. They are a good example for this class to study. Overall, great post.
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