Dawn Of A New Beginning
Is the the dawn of a new beginning? This is my crystal ball look into the future. Crisis almost always produce change in a good way, eventually. The credit crunch sparked a financial fire storm that swept across, and is still sweeping the world over. Some call it a financial tsunami. Whatever it is called, 2 to 3 years from now, things will look very different.
Although this fire storm is blamed on greed by Wall Street through real estate subprime loans, other factors like rising demand for fuel, energy, food and raw materials are contributing factors. We have been taking things for granted like low cost of energy and what we thought of as abundant of raw materials. Would the crisis change demand?
Probably not. Producers will find ways to meet that demand through game changing discovery. Let’s that the past for example. Before the invention of refrigeration, wars were fought over salt. Nations which has salt mines control the economy. Once refrigeration became cheap enough for the masses, it no longer mattered.
Another example is the automobile. In the 80s, fuel crunch caused a scramble by manufacturers to produce and market fuel efficient cars. In came things like fuel injection, aerodynamics and other technology that was accelerated to the market. After some time, people forgot the era of fuel shortages, so you see bigger and badder SUV, MPV and almost all cars in general. With the crunch, cars sizes will get smaller and again, an acceleration in technology to increase fuel economy.
Although oil prices are heading south at the moment, people woke up to the fact of high fuel prices and not likely to go back. No at least for the next decade or two.
This crisis will bring about changes in the way we do business, work, play, travel etc. Those who can foresee the needs of a changed environment will cash in on opportunities that was never there before.
My question is what and where do you think these opportunities lie? By the way, the red symbol is the Greek letter delta which is used in mathematics to denote change or difference.
