It is evident that today’s consumers, in any sector, have little or nothing in common with the consumers of twenty or twenty-five years ago.
Technology has radically changed almost every major industry as consumers take control and turn the world into a sharing economy. Airbnb has allowed homeowners to compete against major hotel chains; online booking sites like Expedia have eliminated the need for travel agents; Uber has turned the taxi industry on its head. In each case, existing companies in the space have had to adapt their business models or face extinction.
The World Economic Forum’s third annual Sustainable Development Impact Summit opened in New York City with an affirmation that the world has the science, data, know-how and public awareness to solve the challenge of climate change – what is needed now is intensified collaboration and communication to implement and scale solutions.
As momentum builds for cities around the world to switch from fossil fuels to renewable sources, the number of households reported to be predominantly powered by clean energy has more than doubled since 2015.