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The best way to predict the future is to create it. — Peter Drucker

Profit opportunities 

If your product ultimately doesn’t fit the needs of the future world – for example, low carbon intensity – what new products and services can you create? Here are some examples to stimulate your thinking: 

  • If you are a shopping bag company, don’t try to make an EV – transform to a delivery system where bags are not needed  
  • The next step from individually owned EVs is publicly owned EVs – transportation as a service  
  • Improved technology or new products and services related to renewable energy, energy efficiency, and materials with low embodied carbon or low carbon intensity 
  • There will be a need for improved electricity grids, and their monitoring and control systems 
  • Energy storage, maybe from second life EVs, will be essential 
  • There will be increased demand for products for and from a circular economy 
  • Enabling and enhancing software systems to go along with all this will be needed 
  • Technology for regenerating agriculture, forestry or oceans will be vital. 
  • The technology to transition to a cleaner, lower carbon economy is available. You can continue to improve on that.  

There is a glorious opportunity to find new and growing markets in the low carbon economy.  

Your organization will do its part to reduce greenhouse gas emissions. 

Seek opportunities to develop the new products or services that customers in your industry might look for. 

 

 Join in the #GSSChallenge. This week’s theme is “What resource are you protecting?”