23/01/2020
Print your own skin? Being sent to the Dr. by your watch?
Here's our pick of some of the more interesting business trends for 2020 ๐๐๐
1. Nano-technology: 3D printing is happening alongside biological engineering. By the end of the decade, weโll be able to print our own skin. By 2030, weโll be printing replacement body parts like heart valves (source: mailguard.com.au)
2. AI and Healthcare: Biosensing. Imagine wearables measuring your temperature to predict that youโre catching a cold before you have one and then matching you with a distributed online pharmacy that delivers medicine straight to your door (source: fastcompany.com)
3. Going Green Is Picking Up Steam: more people are adopting a green lifestyle. Beyond Meat, maker of plant-based proteins, has increased its stock prices by more than three times since its IPO launch. But for consumers, the eco-conscious lifestyle doesnโt stop at vegetarian diets and organic hygiene products. Lunya, a popular womenโs-clothing maker, constructs its products from natural fabrics and fibers, and its sleepwear and intimates lines use Pima cotton for durability and comfort. Using natural materials lowers the carbon footprint of their business, as well as that of the individual consumer (source: entrepreneur.com)
4. E-Commerce Will Continue to Dominate: in the coming 4 years, global e-commerce is expected to reach around $5 trillion causing many retailers to move investments from brick-and-mortar storefronts to online stores. Fashion Nova has utilised the power of online shopping with only a small handful of physical locations, leveraging social media to generate hundreds of millions in sales. They even created a state-of-the-art warehouse that can ship out orders faster. As more specialised retailers appear on the market, there seems to be no limit to what can be sold online (source: entrepreneur.com)