The Shock of An Evolving Economy
The economic universe is in the midst of a fundamental transformation. Supply and demand rules remain in place as scarcity determines pricing structure. One of the major transformations entails the definition of the market and the methods of reaching that market. Covers are coming off of formerly obtuse, hidden transaction streams in the global economy and “ordinary” people may access information that formerly remained undercover. Access to the information formerly demanded sizable budgetary levels and these levels are constantly diminishing.
Businesses operating in every sector would be well served to remain current on all emerging technologies and developments given the potential disruptions in every stage of the value chain. New market entrants destroy pricing, while suppliers are subject to the same pressures. Employees have options without the restrictions of traditional paths. Things are changing, and change is coming quickly as information becomes more plentiful.