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Demand And Supply

Best and worst innovations

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Best and worst innovations

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Best and worst innovations

One of the products that have the most potentials is the second-generation zipline, delivery drones. E-commerce has picked up very fast in the past few years, and delivery drones are going to replace track drivers. Currently, brick-and-mortar stores are on the verge of vanishing, and I think delivery drones will make people’s lives even more comfortable. I also believe Thor ET-One, an electric semi-truck, is on the list of some of the most promising products. Some cities already have electric cars on their roads, and the next few years will most certainly witness a buzz towards electric vehicles. With climate change looming in, the world will turn to electric cars for answers. Wind power for homes, the Semtive Nemoi Wind Turbine system, is also among products with the most potential. Some homes are already using solar power for basic electricity needs, and I think wind power will come in handy to complement the available sources of renewable energy.

Of these three products, delivery drones are the most promising. The last few years have seen tech companies like Amazon design and test delivery drones with a lot of success. Supply chains are fast-changing, and delivery drones are at the heart of the transformation (Bamburry, 2015). Although the technology has been with us for a while, the ongoing Covid-19 pandemic might give drones a significant boost. Many people are working from home, and e-commerce companies will shift to delivery drones to deliver products to their customers’ doorsteps. Drones will transform supply chains, opening up new opportunities for companies to reach customers and save on costs.

The unique thing about these products is that they are all tech-based. Delivery drones, electric cars, and wind power for homes all have one thing in common: they leverage technology. The tech industry has a lot of potential in terms of finding solutions to the world’s current problems. Any invention aimed at redefining how people do things is likely to sell. Another thing that these products have in common is that they all result in the reduction of the use of nonrenewable energy, which is the single most significant contributor to global warming and climate change. Delivery drones will reduce trucks on the road, thereby cut on the amount of pollution from gas-powered vehicles. Electric semi-truck will also reduce the use of fossil fuels. Finally, wind power for homes will increase the sources of renewable energy, thereby diverting people from using nonrenewable energy.

ROOM One, a private space for an office, does not seem to have a lot of potentials. Many organizations are moving away from physical offices and only maintaining a few administrative employees. Soon, offices will not sell. The Canon EOS R might also stall, primarily considering that many people are using their phones to take pictures. Gone are the days when camera owners would be in high demand. Today, phone manufacturers are equipping phones will powerful cameras that eliminate the need for traditional cameras. Eargo Max, a hearing aid, is an excellent innovation. The fact that it targets the masses, however, makes it less appealing. Many people have some hearing problems, but I do not think they will be receptive.

 

 

 

 

 

 

 

 

Reference

Bamburry, D. (2015). Drones: Designed for product delivery. Design Management Review26(1), 40-48.

 

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