Showing posts with label trends. predictions. Show all posts
Showing posts with label trends. predictions. Show all posts

Thursday, November 12, 2020

Track Report 2020: How Accurately Did We Predict Key Trends for 2020, Part 3

Here is our final list of ongoing trends that we predicted would be significant in 2020. (Part one is available here and part two here.)There's not as much description of the trends because we think, since they're ongoing, they need no introduction. Our point in highlighting them is that some trends don't immediately fade away. Obviously some trends disappear. But just because a trend went mainstream one year does not mean it goes away the next. 

These ongoing trends can continue to be relevant in subsequent years. That's why we always identify ongoing trends, and why we think it's worthwhile to look at which ones made a difference.

 Here are grades for 21 ongoing trends.

1.  Robocalls won’t go away. Grade A.

2.  More home exercise equipment will offer at-home streaming classes. We didn’t anticipate the huge growth in the sector but we were right about at-home streaming classes. Grade: A.

3.  News fatigue. Even reporters complained of being overwhelmed by too much news. Grade: A.

4.  Short news cycles. In Oct. alone, there was so much news that there wasn’t enough time to process everything before being overwhelmed by some other news item. That happened all year. Grade: A.

5.  Fake news and disinformation will continue, probably increase in 2020. We shouldn’t have hedged our bet by including the word “probably.” Grade: A.

6.  The credibility of news media is under attack. This remains a problem for marketers. And also for the hope of bringing people together to heal our country. Grade: A.

7.  Social media will continue to undergo scrutiny and it won’t look good. We expect more scrutiny in 2021. Grade: A.

8.  Cord-cutting will continue to attract the media's attention. Not sure it did. Grade: C-.

9.  Most tech reporters at newspapers will continue to focus on FAANG: Facebook, Apple, Amazon, Netflix and Google. They also discussed Zoom and accessories to help you work from home. Grade: B+.

10. Elon Musk and Tesla will continue to attract undue amount of media attention. Probably true. Grade: B.

11. Driverless cars still won't be ready. True. Grade: A.

12. Virtual Reality and Augmented Reality still won’t be everywhere. But the pandemic may accelerate adoption. Grade: B.

13. Blockchain and bitcoin will continue to get media coverage but most consumers still won't have much contact with bitcoin and won't understand how Blockchain affects them. Probably true. Grade: B.

14. Corporate boycotts & consumer boycotts will continue. Corporate boycotts are when companies pull their ads from specific shows, hosts or networks to protest something said or done. This did happen in 2020. Grade: B.

15. 3-D content and 3-D printers will still not be as popular as they are cool. True. Grade: A.

16. Student debt and healthcare will continue to be big issues. Student debt did not get the attention we expected while healthcare was significant. Grade: B.

17. Climate change will be an issue. This got attention, in the wake of fire storms and other natural disasters. Grade: B.

18. Drug pricing will continue to get a lot of attention. Also, we all learned about the cost to develop and manufacture COVID-19 vaccines. Grade: B+.

19. STEM will continue to be important. But there didn’t seem to be as much media coverage of this. Grade: C.

20. More small colleges will merge or close. We expect more of that in 2021. Grade: B.

21. The future continues to look cloudy – as in cloud computing. Cloud computing was a big help during the pandemic. Grade: A.

We did pretty well with this set of predictions. We think many of these trends will continue to have impact in 2021. 

Let us know what you think. We are preparing our trends and predictions for 2021 and will issue them in early November. 

Tuesday, June 23, 2020

2020: The Mid-Year in Review

From the perspective of late June, it feels like 2020 to date has had more chaos (including COVID, the suspension of all professional sports, the killing of Qasem Soleimani that seemed to push the U.S. to the brink of combat with Iran, Australia's devastating bushfires) and news (Black Lives Matter, Kobe's death, Brexit, the convictions of Roger Stone and Harvey Weinstein, etc.) in five months than we experience in a typical year. 

That doesn't include the impeachment -- which seems to belong in the distant past.

And we haven't reached peak campaign yet. Here's what Nate Silver of the FiveThirtyEight blog had to say (as reported in Brian Stelter's Reliable Sources newsletter):

"To get a sense for how much *news* there is in the a given election year, we looked at how many full-width headlines there are in the NYT from Jan. 1 through Election Day in election years going back to 1968. 2020 is, uh, pretty special." Most years, just 2 to 5 percent of the relevant editions had banner headlines. The years 1968 and 1972 were more intense, with banners across about 10 percent of the Page Ones. And 2016 was hectic too, with banners across 15 percent of the fronts. But 2020 is uniquely crazy: Thirty three days of the year have called for banner headlines so far, nearly 21 percent of the front pages since January, and it's only June!

Silver wrote: "The average election year features 10 full-width headlines through Election Day. There have already been *33* this year, and we're not done with June yet."

So it's not just your imagination -- there really is more news, and more intense news, than usual...
In our annual list of trends, we did not identify any of the above news stories.

But we did predict that 202 would mark an age of anxiety, fueled by distrust of big tech firms and traditional and social media.

So we feel we correct called the overall direction of 2020.

We're reminded of that because of an article that appeared in the Vietnam Investment Review entitled, "Pandemic throws global media trends up in the air." We find it interesting that an outlet around the world from us picked up on our view of the world.

Here are two key paragraphs in VIR's article:
Norman Birnbach, president of strategic PR firm Birnbach Communications, predicted in January that 2020 would mark an age of anxiety, fueled by distrust of big tech firms, and traditional and social media, even as people began to rely on those sources more than ever, especially in the United States. “Marketers must not only be relevant – they also need find ways to credibly appeal across a divided America.”
The projection was uttered at the start of the year – before coronavirus hit North America, and before civil unrest plagued the United States as it has done for the last few weeks. Divisions well-noted in the past have intensified to scarcely believable levels. And yet, as more and more citizens around the world look to the media for information, there is no easy solution for the industry to ensure that information is credible, accurate, timely, and is transparent in what it does with the data it collects.
We think the point about credible and reliable information is important. 

We're at a point where whether or not you wear a mask is seen as political. Where lies and misinformation on Facebook and Twitter by politicians is accepted because FB and Twitter don't want to be in the censuring business. Where the New York Times published a column that looks at whether or not there some kind of secret deal between Trump and Zuckerberg.  (Check out "What’s Facebook’s Deal With Donald Trump? Mark Zuckerberg has forged an uneasy alliance with the Trump administration. He may have gotten too close.") Where John Bolton's book can be accused of being full of lies that are classified information. 

We'll do a more thorough recap of the year in November, as always. But we thought it worth discussing information credibility. Because it is a real problem affecting the U.S. and the entire world.


Tuesday, March 24, 2020

More News For Retail That Validates Three Predictions

There’s been a string of bad news in the retail sector: 
  1. Pier 1 Imports — which one late night comedian (accurately) described as “that store where you bought that pillow one time” — has filed for bankruptcy. The bricks-and-mortar retailer plans to close nearly half of its 940 stores, according to the Wall St. Journal.
  2. Wayfair recently announced the layoff of 500 employees, per the Wall St. Journal, while Walmart laid off 200 employees from an online furniture retailer it owns. 
  3. Victoria’s Secret has been sold to a private equity group, with the Wall St. Journal noting that: “Les Wexner’s decision to part ways with Victoria’s Secret is an admission that the 82-year-old billionaire couldn’t revive the fortunes of a troubled lingerie brand he had built around shopping malls and sex appeal.” 
So we’re seeing ongoing weakness from both primarily mall-based as well as online retailers. 

That’s a real problem, and a trend that we’ve been predicting for some time. We’re not happy to be right, especially because we don’t have any recommendations or solutions.

But AdWeek has some suggestions for brands — which is not the same thing but shows that even brands that do well selling online are fearful. Check out “How Brands Are Battling Knockoffs on Amazon: With a proliferation of third-party sellers, fighting copycats can feel like a never-ending game” and “How to Protect Your Amazon Listings From Copycats.”

Meanwhile, validating another trend that retailers will use technology to improve the customer experience, in an article entitled, “Grocers Wrest Back Control of Shelf Space,” the Wall St. Journal reports that, “Retailers are relying on their own proprietary research to decide where to shelve products, dealing another blow to large U.S. food companies that are already dealing with increased competition and shifting consumer tastes.”

Finally, we’ve predicted that there’s a renewed push for profitability and financial discipline among apps, particularly pointing to food delivery services as a sector that would need to raise fees and change their business models to stay in business. That prediction has been validated by yet another Wall St. Journal article: “Food-Delivery Firms Put Mergers, IPOs on the Menu: DoorDash, Grubhub and others are weighing tie-ups or looking for funding.”

American consumers still seem fine spending their money, but spending patterns are evolving. And other than Amazon and Walmart, retailers don’t really knows how to survive. So we expect ongoing turmoil, unfortunately. We're not economists but it seems hard to believe this is not going to impact employment rates and the economy at large.

Tuesday, March 10, 2020

Retailers look for tech to improve in-store expeiences; validates our prediction

We've been following the retail sector for a couple of years because we think it is important contributor to the local economy and to a community's sense of well-being. And that when an area has too many for-rent signs on empty store fronts, it can hurt the community's sense of self, and drive people away.

Some seem to think that the "Retail Apocalypse has been averted," per a recent Wall St. Journal headline, based positive results announced in Q4 2019 by Target and Lowe's.

But we keep reading about additional store closings. And in one team member's town, two mainstays, including a coffee shop and a bookstore, shut their doors suddenly in late December, leaving signs of thanks for the decades of being able to serve the community. They join several other now-for-rent store fronts.

Not all of retail's woes are due to Amazon. After all, you can't -- at least not yet -- have Amazon Prime deliver hot coffee, chai tea and baked goods.

So one of our predictions is that in-store retailers would turn to technology to improve the experience and selection.

And that is what the Wall St. Journal has started to report: "Retailers Hope In-Store Tech Will Keep Shoppers in Stores: Old-guard retailers are looking for technology systems that can make visits to physical stores better or more relevant." The article reports on new back-end systems as well as new customer-facing technology that is designed to improve the in-store experience.
The Journal also ran another article that specifically looked at updating department stores: "Department stores were once the cutting edge of retail. Can they reclaim some of their old magic?


We hope that retail does fix itself just as we hope that the news business does.

Thursday, February 13, 2020

Wired Validates Predictions about Privacy & AI Built Into Everything


Two of our predictions for 2020, which we've called the "Age of Anxiety," is the feeling that we're constantly under surveillance. We also said that a media topic would be "AI in everything."

With the latest column for Wired, "Worried About Privacy at Home? There's an AI for That How edge AI will provide devices with just enough smarts to get the job done without spilling all your secrets to the mothership,"  by Clive Thompson, a very smart columnist who also writes for the New York Times, touched on both parts: the privacy and the AI in everything.

His feeling: "I don't need light switches that tell dad jokes. When it comes to gadgets that share my house, I'd prefer they be less smart."

What he means is there are companies building "edge AI": AI that runs on "teensy microprocessors" that have enough capability to control a coffee maker but nothing more than that; perhaps an edge AI can understand 200 words. 

Why is that enough? With designed limited capability, the edge AI-enabled coffee machine does not need to interact with the cloud, which would give it more power but also share all kinds of data in the cloud, where it can be used to better train future iterations of the coffee machine (perhaps) and also could be monetized or further shared without your permission.

Designed to handle specific applications, edge AI can be faster and can ensure privacy while helping you get the job done. As Thompson notes:
"You can't banter with it (edge AI) as you would with Alex. But who cares? 'It's a coffee maker. You're not going to have a meaningful conversation with your coffee maker...'"
Thompson describes edge AI as perfect for appliances light lamps, TVs, and other devices that could benefit from voice control without needing full-on conversational capabilities. True, users would need to know the key terms to turn on and off devices or handle other variables (like turn up or down the lights and thermostats or the channels or volume, if that's how you still watch TV or listen to music). But they won't have to worry that someone is listening in on the conversations.

Edge AI won't solve all the "Age of Anxiety" issues but it's a good way to use just-smart-enough AI to help us without being too smart and not knowing how our input and data are being used.


Monday, February 3, 2020

One Additional Aspect of "The Age of Anxiety" Prediction: Sleeplessness

In saying that 2020 will be the "Age of Anxiety," we wrote about some of the driving factors that "will fuel feelings of anxiety, anger, exhaustion and insolation, regardless of political perspective."

We also said that "We expect many Americans will look for solutions and companies that provide joy, comfort, assurance and realiability to bolster their sense of well-being and connection."

We'd like to add to that.

We think the "Age of Anxiety" will drive sleeplessness. There's already recognition that sleeplessness is a health and productivity issue but we think this will increase.

We may have reached peak mattress -- sometimes it seems there are as many different mattress companies as there are podcasts where they advertise -- but we expect that there will be more devices over the next year that are designed to measure and deliver a better night's sleep.

We also think that stress, stress eating and stress drinking will be topics that will get covered by the media, specifically tips on how to reduce and cut back. Perhaps related, there will be more coverage about cannibis and the cannibis business sector.

These are important aspects of living in the "Age of Anxiety."


Friday, January 17, 2020

The Gig Economy Isn't Just For Millennials and 5 Other Trends for 2020

Moving beyond tech trends in our prior article, this installment looks at trends that are tech-driven but whose impact goes beyond a specific technology or gadget. While the recently concluded CES highlighted cool and offbeat gadgets we may (or may not) want or need, the following trends takes a bigger perspective at how tech will impact society.

1.     The Gig Economy isn’t just for millennials. Older Americans are entering the gig economy driving for Uber or Lyft, working in food service and retail as well as personal care/health aides. Americans in their 50s or older are gigging either to augment their retirement or because they can’t find steadier work after getting laid off from a corporate job. Since older Americans tend to vote more, we think there could be more attention paid to the gig economy, specially its low wages and no benefits. 

2.     Consumer spending patterns are shifting. It’s usually referred to as the sharing economy for such things as AirBnB to stay in someone’s place instead of a hotel; Citi Bikes or electric scooters to get around, or any number of sites that rent the latest fashion trends. But it’s really a non-ownership economy or a convenience economy. People are forgoing ownership for flexibility, choice and convenience – just as businesses have been opting for cloud computing and Software as a Service (SaaS) to provide similar benefits. This part of the economy is expected to grow to $335 billion in 2025, up from $15 billion in 2014, according to Forbes. That doesn’t include convenience services that are poised to deliver more items (not just take-out orders), faster via drones or other automated technology. Even how consumers manage their spending via fintech services instead of banks is changing, and companies need to figure out how to rethink their offerings.  

3.     Streaming but not owning — content increasingly means you might be able to access the version you want. Streaming content has its benefits but consumers will become increasingly aware of the risks, which include ongoing monthly costs that will increase; content that disappears when a streaming service loses its rights even if you were in the middle of the program); and services that might disappear or abruptly shut down. Also, streaming services are Internet dependent so if you lose Internet access, you lose access to content and services. And, if there are multiple versions of a movie or a song, you may find that you can watch or listen to the one version the service offers  such as Greedo shooting first in the newest version of “Star Wars: A New Hope,” available on Disney+, rather than earlier versions in which Han shot first. The other risk is that the service may change dramatically, depending on profitability, market conditions, and changes in senior management.) We think these issues may get written about more in 2020. 

4.     Too many podcasts eventually overwhelm listeners. There are already too many podcasts that it's difficult to listen to everything and still get your work done (whatever that may be). Or: there are not enough errands in a day when you can listen and catch up to all the podcasts you've been told you must listen to. We think that, probably by 2021, we will have reached podcast saturation and there will be a backlash, both from advertisers and from listeners so that the number of new podcasts will slow down, if not actually decrease. We're not saying we want that to happen. We just don't have enough time to listen to anything more. 

5.     Some sharing economy will either raise fees or shut down. Making a profit will be more important for some sectors in 2020 than massive debt-fueled growth. WeWork, Uber, Slack and other once high-flying companies with billion-dollar valuations hit a hard patch that may affect other startups this year. Expect more attention to gross margins (a measure of profitability), detailed financial models for startups looking to raise money, and a focus on discipline. High-flyers will need to adjust, and that will have an impact on their growth as they raise prices. For example, Consumers who rely on food delivery services like GrubHub and DoorDash may pay more since restaurants are complaining those services cut into their profit margins. Or some of those services will shut down because they’re not profitable.  

6.     Going cashless will also affect consumer spending. The push to a cashless economy is increasing, and will have at least two effects: Tipping will increase because many of the payment windows offer an easy selection of different percentages for tipping the person delivering the service or good. They tilt the screen and you have to make a choice even if the vendor is handing you a can of soda. (This isn’t the case if you pay in cash.) An increasingly cashless society will make it much more difficult for the poor, who may be unbanked (as the banking industry calls it) and can’t get a credit or debit cards.  

Our final set of trends, to be published next week, will identify ongoing trends that will impact 2020.

As always, let us know if you have any questions or suggestions or if you think we're on or off target.

Thursday, January 16, 2020

New York Times Validates Prediction about Local News

A headline in the New York Times validated one of our predictions for 2020 about the further decline of local news. The headline, "The Decimation of Local News Has Lawmakers Crossing the Aisle," while our prediction used the "decimation" in the explanation of why the continued loss of local news is significant.

In fact, the article cites the fear and mistrust in Big Tech that is our top trend for 2020. Here's a key paragraph from the New York Times article:
Anger toward big technology companies has led to multiple antitrust investigations, calls for a new federal data privacy law and criticism of the companies’ political ad policies. Perhaps no issue about the tech companies, though, has united lawmakers in the Capitol like the decimation of local news.
Lawmakers from both parties blame companies like Facebook and Google, which dominate the online ad industry.
 Interestingly, Congress may have a solution:

The proposal would give news organizations an exemption from antitrust laws, allowing them to band together to negotiate with Google and Facebook over how their articles and photos are used online, and what payments the newspapers get from the tech companies. (The bill is backed by the News Media Alliance, a trade group that represents news organizations including The New York Times Company.)
Check out the article for more details. 

We know some people blame the media for not finding a sustainable business model but we don't think it's a failure to adapt. It's just much harder to compete when you have to pay for reporters and editors when your competitors are picking up or linking to your articles, and are not paying or not paying enough to support real journalism.


We hope the proposal is successful.

Wednesday, January 8, 2020

Birnbach Communications Issues Top 3 Predictions for 2020

For the 18th year, here are our predictions for the upcoming year. 

As always, we will be rolling out other key trends over a series of blog posts but here are our top 3 predictions for 2020:


1.   Distrust of Big Tech and media fuels anxiety. In a divided America, where even advertising decisions can cause Twitterstorms, companies need to find ways to be credible as well as relevant. There’s no simple solution for Big Tech like Apple, Amazon and Google regarding safeguards on the data they collect on all of us part of surveillance capitalism, in which data is collected, correlated with behavior and monetized —  or for social media because there’s no clear or consistent definition of what constitutes misinformation or how to limit it without infringing on protected free speech. There’s also no easy solution for the media, where even the “facts” may be disputed. Unfortunately, deepfakes (AI-generated fake videos and other images) will make it harder to know what’s real. This will fuel feelings of anxiety, anger, exhaustion, and isolation, regardless of political perspective. We expect many Americans will look for solutions and companies that provide joy, comfort, assurance and reliability to bolster their sense of well-being and connection.

2.  The loss of local news coverage will continue, and will erode trust. More than one in five local papers have closed since 2004, according to the UNC School of Journalism and Media, while others have become hollowed out through layoffs. This is a real problem since local news outlets are often part of the fabric that holds communities together. According to “Losing the News: The Decimation of Local Journalism,” by PEN America, “The connection between local journalists and their communities is essential… Seventy-six percent of Americans report trusting their local TV news, and 73 percent report trusting their local newspapers; by contrast, 55 percent of Americans trust national network news and 59 percent trust national newspapers.” For marketers, fewer journalists and outlets makes it harder to reach customers, partners, investors and employers with their messages.

3.  Streaming services will get a lot of media and consumer attention. HBO Max and NBC’s Peacock will battle for attention and subscribers with Netflix, Hulu, Apple+, Disney+, Amazon Prime, and other streaming services in the “streaming wars.” But it’s not a zero-sum game; there’s room for a range of services that have different strategies in their content libraries, pricing and offerings. We do expect a certain amount of churn/volatility as people subscribe to binge a particular show and drop it till the next season begins. The growing number of these ad-free streaming content services will make it harder for marketers to reach a mass audience.

As always, let us know if you agree or disagree with these. 

Wednesday, December 11, 2019

TrendReport for 2019: A Look Back at What We Got Right and What We Didn't

Each year since 2001, Birnbach Communications issues a set of trends and predictions, which we call TrendReport, for the upcoming year.

A lot of people issue trends but we pride ourselves on also looking back to see how well we did with the prior year's predictions. Here is this year's report card: 
  1. The growing number of streaming content services make consumers harder to reach. With the launches of Disney+ and Apple TV+, NBC’s Peacock (April 2020), and HBO Max (May 2020), along Netflix, Hulu, Amazon Prime Video and CBS All Access, consumers will pay at least $60 per month (not including Peacock, which is free for Comcast cable customers). That’s $720 per year before figuring out cable or Internet – and even if you cut the cord from cable, you still need to pay for Internet. All this time watching video on our devices make it harder for marketers to reach consumers. Grade: A.
  2. The age of the mass media is mostly over. We said that “It’s a niche world now,” and we feel that is accurate. Marketers can now reach very specific audiences but are finding it harder and more expensive to reach mass audiences. One of the resulting problems is that it exacerbates polarization, even in terms of what we watch. According to Axios, there’s a split in what we as a nation watch. There’s a self-fulfilling aspect to this because we all used to watch the same programs and talk about them the next day. But that doesn’t happen as much anymore, resulting in more isolation. Grade: A.
  3. The broken business model for news will cause continued problems in 2019, including an increase in “news deserts.” We said, “It’s not only print media that will struggle in 2019, online media will struggle, too.” We’re sorry to be right about this. We’re seeing many news deserts, communities with limited access to news even in Massachusetts. Although the New York Times, Washington Post and a few other newspapers  are doing well, the business model for the rest of the industry still hasn’t been solved. Grade: A.
  4. Social media will continue to undergo scrutiny and it won’t look good. This will continue in 2020, and still there won’t be any adequate solution. Grade: A.
  5. More apps will try to combat fake news. Unfortunately, some of the sites – and this is the list we named last year: The Trust Project, News Integrity Initiative NewsGuardThe Journalism Trust InitiativeAccountability Journalism ProgramTrusting NewsTrust & News Initiative and the oddly named Media Manipulation Initiative – did not appear to make it through Dec. 2019. From our perspective, facts and credible news is more important than ever for our democracy as well as for organizations trying to reach and engage their audiences. Grade: C.
  6.  The shorter/faster news cycle is distracting Americans and causing news fatigue. We are suffering from news fatigue -- overwhelmed by news notifications on our phones that seems to buzz every hour. One of the most overused phrases on TV news this year has been: “There’s a lot to unpack” about the day’s (or hour’s) latest breaking news story. Expect to hear “news avoidance” to describe people who feel overwhelmed and have decided to follow the news. Grade: A.
  7. The incredible shrinking newsroom. This is connected to #3. Unfortunately, we were correct about this one, too: in 2019, “7,700 people have lost their jobs so far this year in a media landslide,” according to Business Insider. Those jobs aren’t coming back. Grade: A.
  8. The credibility of news media is under attack. Unfortunately, this is a real problem on social media. We continue to feel that this is a significant real problem for PR functions and agencies who work with reporters, editors and producers to tell their clients' stories. If there are those who disbelieve the New York Times or Wall St. Journal, will they believe your organization's news in those or other outlets? Grade: A. 
  9. The war on screen time. There will be greater acknowledgment that we’re all on screens too much throughout the day. We’re spending nearly four hours each day on our devices so this is definitely an issue, particularly with warnings to parents about the amount of time their children spend on devices. According to several studies, including one published in the Journal of the American Medical Association, there is an association between screen time and anxiety and depression among adolescents, and we feel there’s a connection for adults, too. The topic didn’t generate as much media attention as we expected it would, which is why we’re not giving us an A. Grade: B.
  10. The state of the economy, including a volatile stock market, trade wars, trade deals and tariffs, taxes, deficits and unemployment will get a lot of attention in 2019. We’re still not taking sides, and the topic did get media attention in 2019 but it was not as big a story as we expected. Grade: B+.
  11. Brexit, if it happens, will be big news. We thought it would happen but it didn’t happen. It still generated coverage. Grade: C.
  12. Student debt levels and Millennial’s financial habits. Will continue to be a theme in 2020. Grade: B+.
  13. The state of healthcare will get attention. Outside of a campaign issue, there wasn’t as much discussion as we expected in 2019; we still think it will be a hot campaign issue in 2020. Grade: B-.
  14. Election reforms will get discussed on op-ed pages. This did not get the attention we expected. Grade: C-.
  15. Climate control and extreme weather will be a big story. This was a big story, thanks to Greta Thunberg. Grade: A.
  16. Gun control and the state of the NRA. We said “we do believe there will be discussion/coverage in the media in 2019 about what can be done” about gun control but no progress was made. Grade: B.
That's a B+, which is pretty good. We're now preparing our trends and predictions for 2020, and hope we do as well, and expect many of the 2019 trends to continue. 

Check back soon for more details.

Monday, March 11, 2019

Bloomberg Businessweek & Davos Validate Concerns About Extreme Weather

On Jan. 3, 2019, we posted something unusual for us: a blog post entitled, "9 Political Trends (Without Getting Political About Them)." Readers of this blog know we write a lot about trends but we're cautious about political implications.

We identified trends and issues such as 

  • The state of the economy -- which is getting a lot of attention. In mid-Feb., the Wall St. Journal has been raising questions about the economy based on a worse-than-expected holiday retail season -- the worst since 2009.
  • Brexit -- a topic that even late night talk shows address when talking to a British celebrity. Including Monty Python Eric Idle, who hasn't lived in the UK for years.
  • Climate control and extreme weather -- number 6 on our list (but in no real particular order), and has been validated by Bloomberg Businessweek in an article entitled "Climate and Cyber Risks Top Concerns Facing the World in 2019." We've also looked at Cybersecurity, and have, for years, identified it as a threat and a trend to be aware of. While we posted our list of ongoing trends late this year, you can see it's an issue we've identified the past several years (thus our designation of it as an ongoing trend).
The Bloomberg Businessweek article, which in the print edition was entitled, "What They're Worried About" referring to members of the World Economic Forum at Davos, also included: 
  • Water supply crisis.
  • Major natural catastrophes.
  • Failed climate change mitigation.
It also listed non-weather risks such as: 
  • Increasing national sentiment. 
  • Increasing polarization of society. 
  • Rising income/wealth disparity.
We did not list any of those last three in any of our various trends -- but we feel those last three are very real and need to be addressed, somehow. Unfortunately, we have no solutions for them or the climate trends.