Page 11 - BEST MAGAZINE Winter 2019-2020

4.2.4. Streaming will transform the video game industry as it did with television and music.
5. RETAIL:
5.1. Amazon will keep disturbing the bricks and mortar retailers. Only in America, more than 12,000 retail stores faced extinction in 2019, this number will increase in 2020.
5.2. Walmart online business will thrive by 3% just in America alone.
5.3. Amazon will challenge Walmart’s lead in the grocery market launching a new brand in 2020.
5.4. Walmart will look for growth in India where it plans to open 30 stores this year.
6. IT:
6.1. Internet will keep growing, smartphones will become cheaper, mobile and data subscriptions will gain popularity.
6.2. Innovation will focus on mobile education, health-monitoring apps and payment systems.
6.3. Apple, Huawei and Samsung will remain leaders in smartphones, but China’s Huawei will challenge Samsung for the top spot.
6.4. The strongest growth for smartphones will be in India, Indonesia and Brazil.
6.5. New 5G-enabled phones will comprise 10% of total sales.
7. MILLENNIALS:
7.1. Millennials will drink less in 2020 in part because they socialize more online and the tendency will grow towards a healthier lifestyle. The alcohol industry will expand their low to none-alcohol beer, wine and spirits.
7.2. Millennials will eat less meat in 2020.
7.3. Vegetarian-based startups companies like
Beyond Meat, Before the Butcher, MorningStar Farms will thrive.
*Summary of The Economist Magazine: The World in 2020.
THE BEST MAGAZINE WINTER 2019-2020 11
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