Question

Select any type of businesses (e.g. an automobile assembler, a beverage manufacturer, a supermarket, a quick service restaurant, or an oil refinery, etc.) Cite all possible hidden opportunities regarding purchasing services and discuss in detail how that business firm can benefit from exploring one of those opportunities.

Answer 1

Ans. Here we are going to discuss about an automobile assembler and opportunities regarding this business in future.   

As automobile industry is in deep trouble during this pandemic as it sarted from china and production for automobile industry halted due to this pandemic. Estimated production for automobile industry will fall from  59.5 million units to 79.6 million units in 2017. In most of the underdeveloped countries are still lacking behind in consumption of automobiles still there is lot of market left to be uncovered. As, devloping countries like india, Bangladesh, sri lanka or we can say most of the Asian countries, most of the industry is relied up petrol and diesel due to which we all are paying many hidden cost like degradation in environmental conditions and health issues. So to go in hand to hand we need to shift automobile industry from oil to electrification as the tone is set for the change in most of the developed countries like US, JAPAN and many more and trial version is going on in developing countries like india.

Shift from oil to electrification once this pandemic is over will bring huge businesses opportunities to the world in the field of electric automobiles as most of the urbanization is going to take place nearly in 20 to 30 years so this will support to grow automobile industry while preserving environment and health issues. In the coming years there is a huge opportunity for to grow automobile sector especially in developing countries like india who are facing deep environmental issues are quite willing to shift from oil to electrification which will also help to grow the industry and many other factors like price of batteries and rechargeable units will also play a huge role to develop this industry and moreover infrastructure for this will also needed which will attract huge investments from all over the world and will attract other industries to grow simultaneously.