1. Products Will Become Services
Since the birth of the Internet and the rise of online shopping and e-commerce, how we shop has already changed drastically in just the last few decades. However, experts predict that by the year 2030, how we shop now is likely to be a distant memory thanks to what will become known as the ‘circular economy.’ You won’t own a car, a house, appliances, or even clothes, you’ll just rent them instead.
In this new way of doing business, people won’t really own anything. Everything considered a product will become a service as corporations are likely to retain ownership of all products and rent them out to us as and when we need them. There is a downside to this economic model because, as with today, we live in a world of haves and have nots. If you live outside the major population hubs, you’re less likely to get access to all these rented services.
