Trump’s $250 billion in China tariffs are now in effect –
here’s what could get more expensive
Trump’s trade tariff will affect millions of consumers
of various products across the U.S. Products that are imported from China or U.S.
products that contain a Chinese product like aluminum or steel will be more
expensive to the U.S. consumer. I’ve noticed a slight spike in prices in some
products and the price will likely go up because the tariff is scheduled to
increase this year. I believe an opportunity might exist because there is a
need to find the least expensive product with the rising prices. Before the tariffs
there were less barriers on making a product as cheap as possible but now with
an increased tariff product prices have to increase. The opportunity would be
people looking for substitute products that are cheaper than the ones that are
being taxed from China or the already expensive American made products. I
think this opportunity would be difficult to exploit because you would need to
find the cheapest way to produce products while avoiding tariffs. I see this
opportunity because I think you could find other ways to import cheap items while
avoiding tariffs. Already established businesses may have a harder time with this
because they probably have current orders and have a relationship with their current
distributor across seas.
Health-care dilemma:10,000 boomers retiring each day
Baby boomers are headed for retirement and in
staggering numbers. About 10,000 baby boomers are retiring each day in the U.S.
and by 2020 the cost of Medicare and Medicaid will double. According to
Fidelity the average 65-year-old couple could expect to pay $275,000 in expense
for healthcare. I believe that there is a huge market to come of retired baby
boomers. The increasingly large market is expanding faster than most other
markets and there is a huge need for Medicare support for all these baby
boomers. I believe that all retired people could be a customer for something
that will make Medicare cheaper for all. I think this opportunity could be relativity
easy to exploit because there is a very large market at hand. A person with a $40,000
annual income will need $1.5 million to retire comfortably. The higher the
persons income the more they will need to retire. I see this opportunity because
there are many options and things you can do to advertise and sell this to this
market that is so big and needs help.
New ITU statistics show more than half the world is
now using the Internet
ITU says that more than half the world is now using
the Internet. That means about 3.9 billion people will be using the internet
and it is continuously growing. The increase is significant from 2005 from both
developed and undeveloped countries. It leads me to believe that all these
people using the internet are customers and you could market to them in some
way. Every time I use the internet, I see countless advertisements and
different products and services being marketed to me. I believe there may be a
better way of figuring out how to advertise to everyone the products they are
more likely to buy. I am aware google does this in a way where it looks at your
history and then figures what to advertise but it does it without you knowing.
I believe there is a large market of people that can not find the correct product
for them because it was not advertised to them. I think it may be difficult to
exploit this opportunity because of the already big-name services that do similar
to this but not any that specialize in this globally.
Artificial Intelligence is the Future of Growth
Artificial Intelligence is a trend that will grow in the
future. Artificial Intelligence will integrate human intelligence with machine intelligence
to be able to do countless tasks in the future. These technologies can help
with production lines in factories, controlling traffic, be able to do task
that don’t require human inclination. This can be very helpful for companies or
federal agencies that need to control something or even at home task for the
common person. I believe there is an opportunity to develop artificial intelligence
and introduce it to the world. I believe that this market will grow exponentially
once artificial intelligence is introduced at a large rate to the world and
being one of the first to sell artificial intelligence can increase the possibility
of controlling the market. I think companies that need more production lines
workers or people that need their house cleaned entirely could be customers. I
do think that this opportunity could be difficult to exploit because funding is
required to develop the artificial intelligence. I know I am not the only one
who sees this opportunity, but I think I would be able to market the correct
products to the correct people the best.
Isaac,
ReplyDeleteI liked the links you included which helps easily navigate to the information so I appreciate that. I found your last article particularly interesting as I think AI has a lot of potential for good and finding positive uses is very important.
Hey Isaac! Identifying opportunities through economic and regulatory trends was really tough for me so this is very interesting to see your take on the assignment. The trend that you chose concerning how artificial intelligence is the future of growth really shocked and interested me a lot. I never knew much about artificial intelligence and the trend that is growing as of today and the future.
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