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Collaborative Consumption: Is this the Future of Retail?

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Brief talk given at the Asian Consortium, Innovation Tower, PolyU, Hong Kong, Sept 27, 2015, part of the 2nd Annual #10dayfest

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Collaborative Consumption: Is this the Future of Retail?

  1. 1. Collaborative consumption: Is this the future of retail? @ewyleung, Gaifong App Asian Consortium Sept 27, 2015
  2. 2. Fast forward to 2020, what do you see?
  3. 3. Driverless Cars
  4. 4. Delivery Drones
  5. 5. Nah... Coal-fired Power Plants
  6. 6. Solar panels on every roof? More likely!!!
  7. 7. I also see this: Online libraries of everything, accessible at your fingertips
  8. 8. Alex McKayʼs Story from 2050: From the book The World We Made, J. Porritt “By the early 2020s... personal ownership became much less important, while renting, sharing, swapping and bartering became the new norm... It was referred to as 'collaborative consumption' back then.”
  9. 9. From the consumer perspective Hi, this is Bob 100 1,000 Before: 10 people each own $100 worth of goods After: 10 people each consume $1,000 worth of goods
  10. 10. Hi, this is Bob $1,000,000 worth of goods ... and it’s really scalable in 200m radius alone:
  11. 11. Weʼre accelerating the future. Starting here in Hong Kong
  12. 12. A Digital Library of Goods MAR 19, 2015 NOV 21, 2014
  13. 13. •2,000 + items •5,000 + community members •Growing 50% m/m
  14. 14. •Home & DIY •Outdoors & Leisure •Clothing and Accessories •Baby/Children Accessories •Music scores and instruments
  15. 15. How to get from 2015 to 2020?
  16. 16. Hurdle #1 Conspicuous Consumption since 1899...
  17. 17. Hurdle #2 Ownership and responsibility misaligned
  18. 18. LETʼS TALK!Transaction costs need to asymptote to zero Hurdle #3
  19. 19. FROM HONG KONG TO THE WORLD Elliot Leung http://gaifongapp.com LETʼS CHAT! Photo Credits: Potaihse CC 2.0 Mercedes-Benz, Shutterstock, Mario Goebbels CC 2.0, Minoru Karamatsu CC 2.0 NeighborGoods, Lee See-Ming CC 2.0, Hernán Piñera CC 2.0, The Guardian Apr 2015, Nana B. Agyei, CC 2.0

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