1. (economic change) Food price inflation, as a result of climate change
Global temperatures have spurred higher food prices since much of modern agriculture is dependent on corn and soybean crops, which have substantially smaller yields when temperatures rise above 84° Fahrenheit.
a) NY Times
b) This increase in food prices will naturally raise the demand for the corresponding foods
c) This will affect a majority of consumers but will acutely affect large purchasers of food e.g. supermarkets and restaurants.
d) This is a relatively easy opportunity to exploit do to the range of who it affects
As a Biotechnology major, this opportunity became apparent to me based on what I know about the food market and how this industry is highly dependent on corn and soybeans for a majority of its products
2. (economic trend) Leveling Interest rates
The Federal Reserve has kept inflation at its 2% target and has elected not to raise rates until 2021
a) The federal reserve
b) Lower interest rates mean more loans can be taken out and repaid
c) Entrepreneurs and small business owners benefit most from this
d) loans are a constant need for the economic world and thus this would ve an easy opportunity to exploit
As a student with debt to the federal government myself, my college experience allowed me to have a personal connection to this opportunity.
3. (Regulatory Trend) Recreational Marijuana
a) Ballotpedia
b) The possibility of recreational marijuana showing up on the 2020 referendum could greatly affect the opportunity for businesses like dispensaries to begin growing in Florida
c) Those who currently use medicinal marijuana along with potential recreational users (most likely older college students and young adults aged 21-28) would be prototypical customers
I likely found this opportunity due to the research I've done on this and similar topics for debates throughout high school.
4. (Regulatory Trend) Small business organization act of 2019
a) congress.gov
b) Re-organizing small businesses, making it easier to repay their debt will allow for current small businesses to thrive and more small businesses to be created
c) Entrepreneurs and small-business owners are the prototypical customers
d) This would likely be easy to exploit since most small businesses are in debt
I often hear much of how small businesses stimulate the economy, so the limited economics knowledge I have brought me to believe in this opportunity.
Hi Brandon,
ReplyDeleteI too saw the article referring to the recreational use of Marijuana. I'm excited to see how the country will handle the implications of this very new industry as well as the societal shift that will happen. Marijuana has a very controversial image, with some people loving the product, some hating it, and others being indifferent. But everyone can agree that it is a money maker and once legislation is lifted and its highly taxed and regulated I see it becoming a major industry.
Hi Brandon
ReplyDeleteYou identified some really interesting trends, specifically the ones about food price inflation and marijuana. I feel like these will be two of the most influential factors on our economy in the coming years. I think you could have touched more on the changes that these with ensue in our culture and possibly the global economy. This would have clarified some opportunities in these cases. Great work!