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Posted on April 22, 2022 @ 09:31:00 AM by Paul Meagher
One of the biggest concerns alot of people in North America have now is inflation. The rise in gas prices is one of the most obvious signs of inflation which has knock on inflationary effects for many other consumer items. Fertilizer prices have gone up significantly which will likely have effects on the price of food; if not, farmers could be going out of business. Supply chain issues are causing goods like automobiles to become scarce (i.e., lack of semi-conductors to build new vehicles) which is leading to increased prices for existing inventory. Real estate prices are also seeing inflationary pressures due to lack of supply, low interest
rates, investment buying and a multitude of other factors. The rise in costs also puts pressure on businesses to pay higher wages which is an inflationary cost for businesses as well.
The consumer is hearing news about rising inflation and starting to adjust to the new reality. Is this new reality similar to the new reality that the pandemic brought us and which we had to adapt to in many ways? There were winners and losers that came out of that new reality. Are there going to be new winners and losers if inflation continues to rise? Will new business arise to help businesses and consumers save money?
The way items are priced is a critical factor that will be important for businesses to watch. There is a natural temptation to increase prices but if your product or service is more discretionary then necessary, you might be pricing yourself out people's willingness to pay. Restaurants have to thread the needle between dealing with their rising costs while recognizing that customers might decide not to eat out as a way to save money.
Inflation, like the pandemic, is not a positive reality to have to adapt to but adapt we must. Some businesses may even find a way to thrive in this new reality because they are offering solutions to helping low and middle class consumers save money. If you can do that without compromising too much on quality then you might have a winning proposition.
This blog was inspired by Joel Salatin & Dr. Sina McCullough's recent video discussing the strategies they are using to fight food inflation while eating healthy.
Posted on March 11, 2021 @ 07:47:00 AM by Paul Meagher
I recently went to a local appliance store to inquire about their fridges. They mostly carry General Electric appliances. When I arrived I was quite surprised to see that they had hardly any inventory. I was informed that the limited inventory I could see was already spoken for. I asked about getting a fridge and was told I could be waiting 4 months for delivery.
It is likely that there will be supply chain issues for common types of lumber from 2 x 4's, plywood, and decking especially as we emerge from the pandemic and the season for building/renovation/diy projects starts to heat up.
From the point of view of the end consumer, these supply chain issues are major frustrations both in terms of not being able to get a product you want/need or having to pay higher amounts because of scarcity. From the point of view of an entrepreneur, these disruptions signal an unmet demand and an opportunity to provide some type of supply chain solution. Where the news media might use the term "disruption" an entrepreneur might substitute the word "opportunity".
We encountered supply chain issues in the early days of the pandemic when there was a lack of Personal Protective Equipment (PPE). There was a huge demand that was not being met and this was a signal for many different companies to step forward to help meet the demand. The shift to working and spending more time at home has spawned increased demand for many products and is causing ongoing supply chain issues. The shortage in GE Appliances, for example, is being attributed in part to increased home renovations and replacement of appliances.
As we exit the pandemic there are likely to be supply chain issues if the economy starts to heat up and there is not enough supply to meet demand. An entrepreneur or investor looking for opportunities might want to research these disruptions, their causes, and the possible solutions to identity potential opportunities. Maybe it involves manufacturing items that are typically manufactured elsewhere, or obtaining needed items from other sources, or solving a logistics issue, or creating software that sources/monitors supply chain items, or anticipating demand and obtaining items that will be in demand later. An example of the later is some automotive companies that anticipated potential supply chain issues with computer chips and stockpiled them. They are now sitting pretty compared to other automotive manufacturers who did not anticipate shortages and can't roll out new vehicles until they can obtain a supply of computer chips.
I'm also seeing supply chain issues in ordering fruit trees, berry plants, and vegetable seeds. The primary producers are running out of stock on the most desirable items. It will also be interesting to monitor the types of foods that might be in short supply. There was a run of on flour last year when everyone started baking at home. As we emerge from the pandemic what food supply chain issues might we see?
Where I live residential real estate has been hot with house prices going up, houses not staying on the market very long, and in some cases bidding wars leading to closing prices above the asking price. There doesn't seem to be enough real estate supply to meet demand.
This may be the biggest supply chain issue of them all especially considering the quickly rising cost of standard building materials that make purchasing an existing home even more attractive. Opportunities abound for entrepreneurs and investors in the residential real estate supply chain.
In conclusion, supply chain disruptions are frustrating for the companies trying to manufacturer products and for the end consumer. They also signal opportunities for those who seek to understand the causes and the possible solutions that might appeal to the manufacturers (B2B) and consumers (B2C). Many people are unaware of the supply chains and what it takes to keep them running smoothly. When they are disrupted we start to see under the hood that they involve numerous physical and computational steps that can potentially be disrupted. We have become more aware of supply chains as a result of pandemic shortages but there is still much to learn if you want to understand where entrepreneurial and investment opportunities might lie.
Posted on March 1, 2021 @ 08:44:00 AM by Paul Meagher
The pandemic has been going on for so long that it is getting hard to imagine that it might soon come to an end and that we should be starting to prepare for a post pandemic world. It might even come sooner than we think if the vaccines help to create herd immunity quicker than anticipated.
I am a fan of Dr John Campbell's Youtube channel where, since the pandemic began, he has been discussing empirical data and scientific studies on various aspects of the pandemic. Israel is ahead of most countries in administering vaccines to its population and there is now a good large scale Israeli study published (+1 million sample) demonstrating the effectiveness of the vaccine in stopping the spread of Covid-19, hospitalizations and death. The results of the Pfizer vaccine rollout in Israel is very impressive and a cause for hope.
It is hard for startups and small businesses to plan when the outlook is bleak and uncertain. In this situation you may find yourself looking at the world through a scarcity lens rather than the abundance lens that is more typical of entrepreneurial thinking. What happens when the world starts getting back to normal where we can again gather in larger groups, socialize freely, travel without restrictions and do other things that we took for granted before? Will there be pent up demand?
It is still tricky to estimate when the economy will "reopen" but we should be starting to imagine it and what possibilities might open up when it does. Take, for example, a wedding venue business that I have been thinking about offering at our farm property. Last year was not a good year for holding weddings and many people put it off. In colder climates, that means putting it off until this summer. Will there be pent up demand for wedding venues this year? Will they generally be smaller due to international travel restrictions? Do I start advertising now and what should my marketing message be?
What about restaurants and bar venues? Increased demand here might be a result not only of people wanting to publicly socialize again, but also due to the pandemic forcing the closure of competing bars and restaurants leaving fewer venues to satisfy demand.
Is it a time to privately invest to get ready for demand? Valuations on many small businesses are lower than they were pre-pandemic and many small business owners are fed up and wanting to exit the business at lower valuation levels. How long will these valuations last if it appears that the economy might start to reopen and that demand might start to return or exceed pre-pandemic levels?
Just like many entrepreneurs and investors had to adapt to the pandemic world, forward looking entrepreneurs and investors are already looking to adapt and scout out opportunities in the post-pandemic world.
It may be important to monitor places like Israel and Scotland that will be leading the pack in terms of reopening their economies as a result their vaccines efforts to see what the trends and opportunities might be in a post-pandemic world.
Posted on April 18, 2019 @ 07:23:00 AM by Paul Meagher
I watched a recent fascinating discussion between Elon Musk and a leading MIT reasearcher in AI and Autononmous Vehicles
Lex Fridman. They discussed recent developments in Tesla's autonomous
vehicle technology and where the future is headed in regards to driverless cars. Elon views driverless cars as inevitable
and that Tesla is way ahead of its competitors with recent updates to its Autopilot hardware and software capabilities.
A driverless electic car is only one means of personal transport and is not as green a transport solution as an eBike. There was a very
thought provoking article on Resilience.org with the title
Why Don’t You Have an Electric Bike Already?. An eBike is greener than a car simply because it weights alot less so requires a much smaller battery (meaning less mining is required for battery materials) and consumes alot less
electrical energy to transport the driver. For those living in a winter climate the arguments for an eBike are less compelling, but it would still be worth using an eBike for the months that you can use it.
eBike technology is also rapidly advancing although I haven't heard of any talk of a driverless eBike yet :-)
Posted on February 13, 2019 @ 09:47:00 AM by Paul Meagher
The proposal for a Green New Deal is getting alot of discussion lately in part because it may become a centerpiece of the U.S. Democratic Party's 2020 election platform. According to Wikipedia, the original New Deal was "a series of programs, public work projects, financial reforms and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1936. It responded to needs for relief, reform and recovery from the Great Depression". The radical measures that were taken as part of the New Deal are often credited with helping the U.S. recover from the Great Depression. Many of those concerned with rising CO2 levels believe we need to enact a similar set of radical measures to avoid a climate catastrophe. The Green New Deal refers to the required set of radical measures that will help avoid that scenario.
The NY congresswoman Alexandria Ocasio-Cortez has posted a proposal on her 2018 campaign website called the Green New Deal that proposes setting up a working group to evaluate some specific technical measures such as:
Dramatically expand existing renewable power sources and deploy new production capacity with the goal of meeting 100% of national power demand through renewable sources;
Building a national, energy-efficient, “smart” grid;
Upgrading every residential and industrial building for state-of-the-art energy efficiency, comfort and safety;
Eliminating greenhouse gas emissions from the manufacturing, agricultural and other industries, including by investing in local-scale agriculture in communities across the country;
Eliminating greenhouse gas emissions from, repairing and improving transportation and other infrastructure, and upgrading water infrastructure to ensure universal access to clean water;
Funding massive investment in the drawdown of greenhouse gases;
Making “green” technology, industry, expertise, products and services a major export of the United States, with the aim of becoming the undisputed international leader in helping other countries transition to completely greenhouse gas neutral economies and bringing about a global Green New Deal.
Alexandria's proposed Green New Deal also includes a set of additional social justice measures which I'm a bit leery of because solving the CO2 problem is hard enough without trying to solve a host of socio-economic issues at the same time. Perhaps this is why Nancy Pelosi made this comment on Alexandria's latest Green New Deal resolution "The green dream or whatever they call it, nobody knows what it is, but they’re for it right?". It is difficult, however, to avoid the conclusion that climate change and social justice are linked problems so you might want to read the latest Green New Deal resolution for suggested social justice measures that might be included in a Green New Deal.
There is no widespread agreement yet on what measures the Green New Deal should include. Alexandria Ocasio-Cortez has offered up some suggestions but there are other suggestions and the discussion is just getting started.
Part of the reason why the original New Deal worked was because people were traumatized by the great depression and were ready to do something radical to get out of it. I doubt that people feel the same urgency for a Green New Deal. That sense of urgency, however, could change as CO2 levels continue to rise and exert their obvious and not-so-obvious consequences. I think it is important to start talking about what a Green New Deal might look like irrespective of what government is in power so that we at least have an emergency plan that might help us avoid or mitigate the potentially dire consequences of increasing CO2 levels.
Most of the suggested technical measures above are not radically new ideas. Most of us have probably heard something like them before. What is radical is the timeframe needed to agree on the New Green Deal measures and to get them done (less than 10 years). We need to make up for lost time so there is not alot of time available to debate a perfect set of measures. Radical action is needed more than radical ideas if a Green New Deal is going to happen. City councils in the coastal cities of Vancouver and Halifax have declared a climate emergency as a means of getting their own versions of the Green New Deal rolling at the city level.
The issue of how economic growth figures into a Green New Deal is the most perplexing and contested issue of them all. If the New Green Deal is sold on the basis of increasing GDP growth then it will have avoided the root cause of why a New Green Deal is needed (i.e., increases in CO2 levels are tightly linked to GDP growth so cannot be part of the solution). A growth oriented Green New Deal will not be radical enough to truly address root causes.
At the end of the day it is not the government alone that is going to solve this problem. There will be a major role for the entrepreneurs who devise new ways of solving problems that are less resource intensive. There will also be a major role for investors who help finance these new ways, who are anticipating the opportunities that a Green New Deal might offer. There will also be a major role for new ways of organizing ourselves for collective action. In some cases, such as the REKO Circles discussed in my last blog, you don't need investors or government to take the radical step of enabling a local food system. You just need to get organized.
Posted on November 21, 2017 @ 12:26:00 PM by Paul Meagher
I am slowly making my way through Geoffrey West's book Scale (2017). I am finally getting into his discussion of cites and how we might think about them. He makes this interesting observation:
This may seem obvious, but the emphasis of those who think about cities, such as planners, architects, economists, politicians, and policy makers, is primarily focused on their physicality rather than on the people who inhabit them and how they interact with one another. It is all too often forgotten that the whole point of a city is to bring people together, to facilitate interaction, and thereby to create ideas and wealth, to enhance innovative thinking and encourage entrepreneurship and cultural activity by taking advantage of the extraordinary opportunities that the diversity of a great city offers. This is the magic formula that we discovered ten thousand years ago when we inadvertently began the process of urbanization. Its unintended consequences have resulted in an exponentially increasing population whose quality of life and standard of living have on the average also been increasing. ~ 252.
Geoffrey then goes on to define a city as follows:
Cities are emergent complex adaptive social network systems resulting from the continuous interactions among their inhabitants, enhanced and facilitated by the feedback mechanisms provided by urban life. ~p 253
In discussions of city planning, the name Jane Jacobs often comes up. She helped to derail the plans of powerful New York city planner, Robert Moses, from putting an expressway through some culturally important neighborhoods of New York - Greenwich Village, SoHo and Little Italy. She also argued that it was the interactions in these neighborhoods that made them great and that putting a freeway through the center would destroy that.
West's definition of what a city is shares alot with the definition of what ecology is. Charles J. Krebs in his book Ecology (6th Ed, 2009) defines Ecology as follows:
Ecology is the scientific study of the interactions that determine the distribution and abundance of organisms. ~p 5
This definition suggest that we might be able to use some of the tools from ecology to understand the distribution and abundance of organisms in our cities. Those organisms include humans but also wildlife like these 2 deer that visited me last week when I was working outside.
I think it is worth reflecting on what makes a city great and whether it is a quality of the interactions that it affords, the quality of the
physical infrastructure or some combination?
I don't think the great cities of this world are all made from the same cookie cutter. They can be great for different reasons. They can be larger or smaller in size. Some may be a hotbed of innovation where others may be a hotbed of cultural activity, community spirit, natural beauty, or educational attainment.
Posted on February 22, 2016 @ 10:15:00 AM by Paul Meagher
What does it mean to be "Off The Grid"?
That is the question that Phillip Vannini and Johnathan Taggart explore in their book Off the Grid: Re-assembling Domestic Life (2015).
The book arose from a research grant to study the lives of 200 off-gridders located in all the different provinces of Canada. Because so many different off-gridders were interviewed at different times of year, in different climates, and with different motivations, it paints a rich and diverse portrait of what life is like off grid.
This is not a book you would pick up to learn how to physically survive off grid. It is a book you would want to pick up if you wanted to understand the motivations and lifeworld of those who live off grid. Why would we want to learn about off-gridders?
Anthopologists study other cultures both for the sake of understanding those cultures and, using comparative methods, to help us to understand own culture better. Most of us take for granted all the grids we are connected to - the power grid, a natural gas grid, a sewage grid, a water grid, a communications grid, and a transportation grid are the most common grids we are connected to. Going off grid technically means removing yourself from the power grid or a natural gas grid, but many off-gridders also take care of their own sewage and water. They may also be removed from main roads and cut off from one or more types of communications (TV being a common media form they abandon). Many also grow some of their own food and disconnect to some extent from the food grid as well.
Being off grid means you have to take care of more of the basic functions of living than most of us do. It means having fewer of the conveniences and comforts we often take for granted. Why would someone want to do this?
A common reason is simply that was too costly to hook up power to the remote location where they want to live. Some want to reduce the cost of living, some do it for environmental reasons, some want to be more connected with the rhythms and resources of nature. Some net-zero off-gridders disconnect from the power grid in urban settings and speak to the advantages of being able to access necessities on a bicycle or by walking, rather than hopping in a car to access on-grid services.
The book attempts to get into the minds and environment of off-gridders using a wide array of literary sources. Many of the case-studies of off-gridders are briefer than I would have liked, but given the volume of interviewees they want to to discuss this is understandable. The case-studies are used to high-light particular aspects of off-grid life that the authors want to focus a longer critical discussion of. They assembled a vast array of interesting theories and ideas in an effort to understand the lifeworld of off-gridders. Sometimes the critical theory seems to be used as a substitute for any real insight; other times it helps to shine a revealing light on what might be unique about such lifestyles and how they differ from what we find normal.
I'm recommending that you watch the film, listen to an interview, or read the book as a way to understand our own culture by comparison to a culture that chooses not to take many of our modern conveniences and comforts for granted. Maybe you have some romantic notions of living off grid. These resources will give your more realistic notions of what off grid living is like in its many and varied forms.
I'll conclude by suggesting that the Living Off Grid project could also be used as a case study for modern independent film making. Take a subject that most people have an interest in, get some funding to explore the topic in the field and through research, create some buzz along the way by discussing your project as fieldwork and research is progressing, create a dynamic website where people can order your film and track how the project is evolving, and offer up multimedia experiences to your audience (e.g., book, film, audio). The book also offers some insights into the trials and tribulations they experienced as they did their fieldwork which might be useful and amusing for independent film makers as well.
One trend we might see in 2016 is a move towards design for smaller and more organized versions of things that exist at a larger scale. Living spaces may become smaller as a result of increasing ownership/rental costs and design to accommodate this may launch successful companies. Students in dorms are an existing group that is often space constrained.
Will the small truck market pick up in 2016 or will consumers continue investing in big trucks?
In the context of traditional farming, a farm of one or two acres would often not be considered a "farm" but rather a "garden".
It is increasingly possible, however, to apply a systematic approach to managing one or two acres and make as much or more than a farmer who manages 100 acres or more. Jean-Martin Fortier in his book, The Market Gardener (2014), offers up a concrete example on 1.5 acres that grosses 150k (with the added benefit of supplying healthy nutrition to workers and the community).
The book includes many interesting images. One I studied a bit because of its Permacultural excellence is this map of their farm.
Again we see the importance of good layout and organization when going "small".
Another motivation for going small in 2016 would be as an adaptation to climate change. If you have a smaller house, vehicle, or farm you don't need as many resources to build and maintain it. A smaller footprint.
Posted on February 18, 2015 @ 07:36:00 AM by Paul Meagher
Ernest Callenbach wrote an influential future-fiction book in 1975 called Ecotopia.
References to the Ecotopia concept are popping up more often in some of the Permaculture reading I do. In Sweden, Permaculture is almost synoymous with Ecotopia. The concept of Ecotopia has the power to encompass many diverse movements from permaculture, to bioregionalism, to transition towns, to ecovillages, to urban gardening and beyond. In many ways these movements are attempts to create utopias according to ecological principles. Are we just engaged in these activities to produce food, protect watershed, live communally, etc... or are these diverse activities rooted in a deeper striving towards Ecotopia? The concept/vision of Ecotopia provides a strong counter-narrative to the prevailing narrative that we must grow our economies at all cost (Ecotopians prefer a steady-state economy instead). Ecotopia also provides a concrete vision for where society must move to in order to be more sustainable, more worthy of our toil, and more enjoyable. You can judge for yourself by watching an excellent 1982 interview with Ernest Callenback in which the Ecotopian vision is discussed. It is amazing to see how relevant his ideas still are - not just a few of them - but most of them.
The point of this blog is not to get all mushy and do-goody, although there is nothing wrong with that. It is also to identify a trend or wave to watch out for or to facilitate. I would argue that without knowing it many parents today (and our educational system) are trying to raise kids to be good Ecotopians even through they live in a world of contradictions (e.g., driving to work in oversized vehicles, eating too much processed food, creating too much waste, living in unsustainable housing arrangements, poor land use, etc...). Eventually the generation that supports and sustains these contradictions will die off (and is dying off) and a new generation, generation-e, will take over. That will be a good thing (ecologically-speaking) and it will also be a world that we can help lay the groundwork for by providing parents with better gen-e products and services at affordable prices. This may sound like I'm commercializing this, and I am, but gen-e products and services will be worth buying if they exemplify or allow for better Ecotopian living.
Posted on September 17, 2013 @ 07:06:00 AM by Paul Meagher
Janelle Orsi is a lawyer specializing in supporting businesses and non-profits that share services and resources. In a recent Post Carbon Institute article called The Sharing Economy Just Got Real she discusses what the sharing economy is and some of the legal grey areas that sharing companies operate within. It is worth a read to learn more about this important economic trend and how it might legally evolve in the future.
Below is video promoting the idea of sharing resources at the community level and all the good things that flow from such sharing.
The sharing economy is one trend for entrepreneurs and investors to keep and eye on as it has the potential to be very disruptive and potentially economic for those developing the sharing platform.
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