Processes and Second Order Effects
Post CoVid-19: What will be different?
What will the economy and society be like post CoVid-19?
Let me start by thanking the heroes of the pandemic, the health care workers and other front line workers that helped the rest of us survive.
We have seen organizations and individuals step up and put people first during the pandemic. We don’t need a pandemic to remember:
- Start with what is the right thing to do. Its always people and the environment (including other living organisms) first.
- People should be focused on using their talents to make a positive difference.
What about how society and the economy could change?
What shapes the 2nd order effects of a crisis? :
1. A crisis like this tends to accelerate trends that were already underway such as digitization.
2. A crisis makes what was not possible. Suddenly possible. Such as work from home.
3. It also shifts the priorities of the customer for purchase decisions. So a company that only viewed the crisis from a profit risk perspective (ie not people) are likely to be viewed with an unfavourable perspective.
So what are the possible effects?:
Governments and companies are realizing that lean SCM with low cost foreign suppliers of critical supplies falls apart during a wide crisis.
– So on-shoring suppliers, and factory automation will accelerate
For individuals, they realized how fragile their income stream is.
– So expect to see people getting involved in the side hustle and sharing economy where they can establish an alternative revenue income
– which means that businesses are going to have individuals as competitors.
Here are how things could accelerate:
1 e-commerce
2 drone delivery
3 digital contactless payments
Contactless everything
4 virtual events/video meetings
5 autonomous vehicles
6 health tracking & wearables
7 3D manufacturing
8 voice mobile applications
9 online learning
10 smart robotics
11. de-globalization
12. people will increase their savings
13. the demand for office real estate will drop
14. cloud computing
15. increased inventory holding policies
16. more redundancy in the supply chain
17. cash and liquid assets become priorities
18. more corporate acquisitions
19. a greater role of government to manage the economy
20. more demand by individuals for income security
– put off retirement
21. Telemedicine will become popular.
22. More people will buy groceries online
23. People will hoard more
24. people will shift away from employment in discretionary income sectors due to their variability of income
25. interest rates will remain low for the foreseeable future.
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James’ recently published book FrontRunner Investing.
Everyone can profit from innovation, growth and changes in society and the economy. We just need an integrated and practical way so that we can all invest in the future. FrontRunnerInvesting is for everyone that wants to grow their portfolio using the themes that are changing our society and economy. The book and accompanying website provide a goal driven approach to investing along with a discussion site on the invest-able themes changing our world. Covering a wide variety of investment types including real estate, startups, the book discusses a top down approach to investing from themes to opportunities that match the goal of creating a sustainable portfolio. Individual investors can profit from the unique advantages that we have against the professional investors by using time and innovation/growth themes to our advantage.
https://www.amazon.com/dp/169602885X
twitter: @jamesbowen2015
FrontRunner Podcast: The Convergence of 5G And Blockchain
Pascal Leblanc discusses the convergence of 5G and blockchain technology.
James’ recently published book FrontRunner Investing.
Everyone can profit from innovation, growth and changes in society and the economy. We just need an integrated and practical way so that we can all invest in the future. FrontRunnerInvesting is for everyone that wants to grow their portfolio using the themes that are changing our society and economy. The book and accompanying website provide a goal driven approach to investing along with a discussion site on the invest-able themes changing our world. Covering a wide variety of investment types including real estate, startups, the book discusses a top down approach to investing from themes to opportunities that match the goal of creating a sustainable portfolio. Individual investors can profit from the unique advantages that we have against the professional investors by using time and innovation/growth themes to our advantage.
click here to see it https://www.amazon.com/dp/169602885X
https://www.amazon.com/dp/169602885X
Can a human memorize Pi to 100,000 decimals?
March 14th is international pi day.
This is cool, a world record attempt to recite pi to 100,000 decimals.
check it out on March 7th, 2020 at:
Canadian Advanced Technology Alliance’s innovation is for everyone podcast series with James Bowen
The Canadian Advanced Technology Alliance’s innovation is for everyone podcast series explores how people adopt, invest, support, commercialize, push for, shape and spark innovation. The future oriented podcast features in-depth leading-edge ideas. The host, Dr. James (FrontRunner) Bowen, Ph.D. entrepreneur, inventor, investor, author, podcaster, professor, advisor and social media figure explores the intersection of innovation within work, personal, financial and daily life. CATA members interested in being guests in the show can contact cmalette@cata.ca
James’ new book
Everyone can profit from innovation, growth and changes in society and the economy. We just need an integrated and practical way so that we can all invest in the future. FrontRunner Investing is for everyone that wants to grow their portfolio using the themes that are changing our society and economy. The book and accompanying website provide a goal driven approach to investing along with a discussion site on the invest-able themes changing our world. Covering a wide variety of investment types including real estate, startups, the book discusses a top down approach to investing from themes to opportunities that match the goal of creating a sustainable portfolio. Individual investors can profit from the unique advantages that we have against the professional investors by using time and innovation/growth themes to our advantage.
https://www.amazon.com/dp/169602885X
twitter: @jamesbowen2015
What did the president of Canada’s innovation university say about the new FrontRunner Investing book?…
“Innovation is at the heart of building a thriving and dynamic nation. I’ve seen first hand how innovation keeps us competitive on the global stage and ensures our society is healthy and prosperous through the creation of new discoveries, new ventures and new jobs. It is imperative that we continue to invest in these opportunities. I believe that James hits the right cord in his advice and insights of the current state of investing and how investors can make investing part of their long-term portfolios. It not only will benefit them, but all of us.”
Feridun Hamdullahpur, PhD,
President and Vice-Chancellor,
University of Waterloo,
Queen Elizabeth II Diamond Jubilee Medal
Everyone can profit from innovation, growth and changes in society and the economy. We just need an integrated and practical way so that we can all invest in the future. FrontRunner Investing is for everyone that wants to grow their portfolio using the themes that are changing our society and economy. The book and accompanying website provide a goal driven approach to investing along with a discussion site on the invest-able themes changing our world. Covering a wide variety of investment types including real estate, startups, the book discusses a top down approach to investing from themes to opportunities that match the goal of creating a sustainable portfolio. Individual investors can profit from the unique advantages that we have against the professional investors by using time and innovation/growth themes to our advantage.
https://www.amazon.com/dp/169602885X
twitter: @jamesbowen2015
FrontRunner Podcast: Intrapreneurship and Entrepreneurship
Podcast host James Bowen discusses with Dr. Juris Ulmanis and discusses intrapreneurship and entrepreneurship, focusing on the environment that needs to be in place for large businesses to take advantage of entrepreneurship skills within their organizations.
https://www.wiley.com/network/professionals/podcasts/intrepreneurship-and-entrepreneurship
James’ recently published book FrontRunner Investing.
Everyone can profit from innovation, growth and changes in society and the economy. We just need an integrated and practical way so that we can all invest in the future. FrontRunnerInvesting is for everyone that wants to grow their portfolio using the themes that are changing our society and economy. The book and accompanying website provide a goal driven approach to investing along with a discussion site on the invest-able themes changing our world. Covering a wide variety of investment types including real estate, startups, the book discusses a top down approach to investing from themes to opportunities that match the goal of creating a sustainable portfolio.
https://www.amazon.com/dp/169602885X
