Identifying Opportunities in Economic & Regulatory Trends
1.
Chinese imports may soon have a tariff leaving
the door open for a company that can lower prices to take over that market.
2.
a)
Throughout Donald Trump’s campaign he stated
that he would place tariffs on Chinese imports to so that fair trade would be restored.
Now that he is The President these changes could follow.
b)
When this does occur, Chinese imports may become
less prevalent and people will have to find an alternative that is also cheap.
This leaves the door open for a company who can get prices down to take that
portion of the market.
c)
I think the customer for this is any American
Citizen that purchases Chinese goods because of the cheap price.
d)
I think this is relatively difficult to exploit
because there are a lot of other companies that are in this area that could
adjust and take over this part of the market. You would have to enter fast and
get there before the other competitors.
3.
I think the reason that many people do not
identify this opportunity is because they hear Donald Trump speak of these
things and only think about if it is good or bad for the country. They do not
think about what opportunities may arise from something like this happening.
Opportunity 2
More people are starting to eat healthy, locally grown
foods. This leaves an opportunity for a new type of grocery store where all
product is local. This may leave selection lower than other grocers but allows
the new generation of healthy eaters a place to shop.
a)
If you look at the creation of many new grocery
chains such as The fresh Market and Whole Foods, you can see that many of the
younger generation are moving towards healthier less processed foods.
b)
This leaves an opportunity because a lot of
these customers are looking for locally grown food that is not processed or
minimally processed.
c)
The prototypical customer is health conscious
mostly between the ages of 17-35, but many customers will also be outside of
this age range.
d)
I think this is another difficult industry to
enter because there are already many companies that own most of the market such
as Publix. But it could take a niche part of the market that is still very
profitable.
Many people do not realize how well this idea could work
because they don’t realize that many people buy the food they do just because
they feel that is the only option. Many people want to support local farmers
and have food they know is not processed, but just do not have an easily
accessible place to get it.
Opportunity 3
The EPA actively regulates pesticide usage so that no
pesticide can be used that is harmful or deadly to humans or certain animals.
a)
I was reading through the regulations.gov site
and saw that there were amendments to pesticide usage. This led me to further
research pesticide regulation on the EPA site.
b)
This information leads me to believe and
opportunity exists because someone could formulate a natural pesticide that is
non-toxic and will not harm any animal or human. This pesticide could instead
deter the animals that destroy the crops that are planted and if other animals
or humans consume it they will not be harmed.
c)
I think the customer to this product is farmers
especially organic farmers that could use this natural pesticide to protect
their crops and still be able to label them organic.
d)
This is relatively hard to exploit because there
are several barriers into the market. First you need a chemist to create the
formula for this natural pesticide then you must be approved by the EPA. Lastly
you must convince the farmers that the switch from what they are using
currently will benefit them.
I think this idea is something that some people have already
thought about because there are bug repellents that are naturally formulated. I
just do not believe that anyone has thought about using it on this scale for a
natural pesticide formula.
Opportunity 4
The Clean Power Plan Is being interpreted by the EPA to
allow them to regulate carbon dioxide emissions from existing power plants.
a)
I found this recent regulation on the Harvard
Law website.
b)
I believe this creates an opportunity to create
a way for power plants to decrease their carbon dioxide emissions.
c)
The prototypical customer would be power
companies who utilize power plants.
d)
This is also a relatively difficult opportunity
to take advantage of. This is because many power plants may already have this
technology or be working to reduce emissions already.
You made a good point in opportunity #3 concerning the farmers reluctance to use new chemicals. My dad is in the horticulture field and sees this trend industry-wide because they get comfortable with what they know and aren't looking for change.
ReplyDeleteI also liked how your regulatory trends focused on issues concerning the Environmental Protection Agency which is a topic I am very interested in.
I found your information to be very interesting, and gripping as trends. I found the Chinese market post and the EPA post to be the most interesting. I think that the EPA post is the most important topic you discussed because the extreme funding cuts have found the agency in awful condition. Its good to see that it is able to perform any function at all.
ReplyDeleteGreat job giving examples of opportunities in Gainesville. Your formatting made it easy to follow as a reader. Also, I found opportunity 2 to be very interesting, It would be cool if there was such a grocery store, but I agree that it would be a hard industry to enter with all of the current competition. Overall great job.
ReplyDelete