Traditional measures of TAM can be directionally misleading, not only in the early years of a true disruption, but at practically any point along the path. As disruptive technologies / businesses tend to consume adjacent markets, make others obsolete and create entirely new ones along their journey, it is incredible difficult to determine what is reasonable and what is not when assessing TAM.
Month: February 2020
As global interest rates continue their march towards the floor, we continue to see asset prices inflate. But interest rates do not treat all humans equally. The benefits of compounding asset values accrue largely to the few who are already wealthy. In a lower-for-longer interest rate environment, this dynamic will only accelerate.
FedEx and UPS are being rapidly featurized by Amazon’s growing logistics business. With an unparalleled lead in e-commerce, data and capital, Amazon is set to shake up the package delivery industry. Can the old incumbents adapt to a new competitive, low margin environment, or will they struggle to survive?