Is it technology or just a new generation?
There is not an industry at this point that has not been touched by reinvention well except perhaps our Government. Is the reinvention of almost every vertical have to do with technology or just a new generation?
You can go back and history and now read those points where the noise was loud as an industry went down a different path. The noise on my end is deafening right now. I have the unique pleasure of investing in a wide range of start-up companies and it is fascinating to see the shifts in every single one.
We are witnessing massive shifts in the retail world. It starts with the demise of the big stores, the rise of the smaller is slowly happening but not as much as we would like. They can’t survive with the cost of real estate so we are seeing many people open stores in smaller communities. There is a drive back to the local. With that drive comes companies who figure out how to get rid of the middleman who has been the pinpoint for escalated costs in order to keep the margins high enough to pay everyone and create a profit. All businesses are connected to these shifts because it is always about the end-user no matter who and what you interface with. Once that change has taken place, to create and curate unique places, the consumer market will react. It is a draw back to localized as Millennials need to have their own personal brand too and that connects with what they buy, do and experience. Unfortunately, it also leaves a tremendous amount of people without jobs that they are qualified for or not enough physical jobs period. We can also toss the rise of machine manufacturing into the ring.
There is a dramatic shift taking place that seems to be disconnected from how our Governments are being run and the decisions and laws that they are making. Each party has created a disdain among their own members and that includes me. They all seem power hungry with big blinders on about where we are going, how we are evolving, what we need and how they need to Govern.
Perhaps it is technology that has just been the driver of this inevitable evolution that seems to be moving so fast and that is why we have such a big divide around the globe.