6A
1.A/BI found this info from NYC.gov. It explains that New York has issued a styrofoam ban for one use containers
C. My Target customer would most likely be restaurant business who use styrofoam containers for take out food. I would probably more specifically target family owned restaurants. D. I believe it would be easy to Target family businesses who are always looking for a deal. Especially because their supplier of styrofoam containers would be gone.
2. A/B this is a Washington Post article explaining Trump's ban of flavored Vapes.
C. My customers could be people that just lost the ability to buy flavored Vapes. With such a strong demand for said product I'm sure there will be a way to capitalize off the demand and lack of supply. Especially because huge companies won't be competitors. D. I believe it would be hard however it will be easier for entrepreneurs to innovate around the law. For instance may be selling make your own flavor packages for Vapes. Or just selling the flavor itself so people can add it themselves.
3.A/B this article below explains how gas prices are expected to keep rising.
C. Companies and people who use gas for driving, operations machines, and ect. D. It would be easy to exploit on a small level, but it would depend partly on the solution you come up with. Each solution you come up with can out you around different types of competitors.
4. A This article below touches on a many trends for the year 2019.
B.The one I want to focus on is the temperature. It says 2019 will be one of the top 10 hottest years recorded. C. People who are outside a lot like construction workers or people who play sports. D. I think because of how broad the target demo is, it will be easy to exploit. Especially because it's already hot in Florida. I thought of an opportunity here because I'm always experiencing how hot it is in Florida.
I too made highlighted the flavored vape ban, and I even had the same comments to make about the profitability of the broken supply chain. I think it’s funny and probably related to the fact the opportunity is very large and easy to see. Whether we will take the time to actually capitalize on the opportunity is another story in my opinion.
ReplyDeleteHey Kai,
ReplyDeleteI really liked your opportunity ideas and I especially like your idea to supply family owned small restaurants with alternative packing options at a good price to replace their styrofoam. I also mentioned the flavored vape ban and proposed a similar solution to the opportunity, as did everyone else I have read so far which I find very comical.
Great job of identifying these opportunities within economic trends and regulatory changes. One opportunity that stuck out to me was the flavored vape ban, because I too, provided an opportunity regarding this recent regulatory change. It seems to be a very common topic as of today, as the serious illnesses that were subsequent to vaping led to the implementation of the ban. It's funny to see that I wasn't the only one that highlighted this ban.
ReplyDelete