July 27, 2015 Chris Riddell

How is the Sharing Economy shaping the Future of Business?

ABC News 24 looks into the future #talkaboutit

The Sharing Economy or the ‘Collaborative Economy’ has fundamentally transformed the way we do business and transact on a daily basis. It is growing at an astonishing rate, and is widely predicted to double in the next 12 months. This isn’t just about buying or¬†selling ¬†online through traditional ecommerce sites. It’s a new and very powerful movement in which people are getting goods and services from each other.

The challenge in this era, and the question that is often asked is how can businesses continue to survive and even thrive in the future, and how can they tap into this economy. The really good news is that we are, relatively speaking still in early days, and established businesses large and small have by no means missed the boat on this. Going forwards, people are engaging more and more in the collaborative economy and seeing just how it can work from them. From the well known platforms like Airbnb, Task Rabbit, Odesk, Kickstarter and Uber, to the perhaps less well known Car2Go, Lending Club and Shapeways the opportunities for consumers and businesses are endless.

Chris Riddell had a chat with the award winning show on ABC News 24 – #talkaboutit to look at just how prevalent the sharing economy is today in our lives, and how it will continue to evolve in the future.

You can view the segment with Chris Riddell online here, or view the full half hour episode on ABC News 24 here.

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