Technology continues to change how consumers spend money. The way in which we buy and sell products and use integrated services has advanced in recent years due to the industry disruptors.
Companies like Uber, Airbnb and Netflix have transformed our consumption patterns, and as these technological platforms progress, we continue to move towards a Sharing Economy. There has been significant innovation throughout various industries; Transportation, Retail, Media, Food, Financials, Travel and Leisure. A recent example of potential major disruption in the grocery space is the Amazon-Whole Foods acquisition, which will stir up the grocery business.
The infographic below illustrates how the sharing economy has impacted several sectors of the economy.
Feel free to call us for investment-related discussion.
Chris, Rick, Steve
The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances.. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons, Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.