The world is changing faster than ever before. New service offerings hit the market quickly and replace those which have been comfortably around for decades.
- WhatsApp has virtually removed all profit that mobile phone providers make from SMS.
- Uber’s taxi service is already available in 81 countries (March 2017) with local taxi companies all over the world going out of business as a result.
- Netflix wiped out all the DVD rental shops in the space of a couple of years.
- Airbnb‘s growth is a major threat to the global hotel industry. In the summer of 2016 almost 17 million people stayed with an Airbnb host which is 353 times what it was five years previous.