I’m involved in an industry where there is a lot of innovation taking place and one of the conversations that has been taking place is how we can use technology to help us control the Corona Virus, business is going to be promoting the use of sensors to open entrances, to turn on water to activate lights, and so on,, to cut down on bacteria transmission by touch. This will lead to business opportunities for entrepreneurs and service people to refit existing buildings. I can see some real money making opportunities what say y’all?
Well, maybe. If there are any businesses left with any money to purchase these new technologies. If we are still in lockdown come the Fall ? Well, I dont' really want to think about that.
But that is the good part of capitalism. We will look for the opportunities to take advantage of something like this.
Makes a lot of sense - there's too much touching in everyday life - e.g. just using the payment machines at some stores is ridiculous with how many questions some of them ask (enter your pin; do you want cash back; is there anything left in your cart; and then sometimes having to sign).
^ Black and Decker (Stanley tools)
Pfister loads of publicly traded companies manufacturing these items, the money will be made by refits and new installs.
I guess my workplace is already ahead of the trend for once. We have had rfid scanners that open automated doors in all places except a handful of private offices for the executives along with motion activated sinks, soap dispensers, paper towel dispensers and automatic flushing toilets for years. They installed motion activated hand sanitizer stations throughout the office last year.
They were about to sign a lease on a new smaller office due to a plan to send about 50-60% of the workforce to work from home before this mess started. They temporarily sent everyone to work from home by late March and have announced that anyone who wants to can stay work from home after this is over since the company already shelled out for the computer equipment. They are waiting to decide on the new smaller office or staying in the current location to allow space for social distancing depending on how many want to come back into the office.
^ yeah - one would think the work-from-home trend will likely be bigger post Corona - it affords employees flexibility and likely saves employers a good amount of $$$.
I could definitely see a lot more of that. Terrorism might morphing into this viral direction so it's always good to be prepared anyway even if this starts to go away.
ZM has a 2000 P/E ratio and Facebook just released a competing service last week. I would avoid or possibly short but that's the fun of trying to time the market.
I feel like a lot of it will depend on what governments demand in order for businesses to open. We've been open the whole time (with half our staff remote) and we're relying on good old fashioned cleaning
@JamesSD I think at the very least, in restaurants, cafeteria's and lunchrooms, of places that are open to the public and employee lounges this technology will start to become required, some of the manufacturers I have heard from, are about to start promoting this stuff in multi user office buildings through property management offices. If they can get into some medical facilities this will scale up quickly.
I have a friend whose business does large-scale commercial air purification systems. Their main customers used to be casinos. Now, every business in the world is interested.
17 comments
Latest
But that is the good part of capitalism. We will look for the opportunities to take advantage of something like this.
This can be an add on for an existing business and a way to get a business reclassified as necessary and existential
I don’t mind touching things because I have control of washing my hands and not touching my face.
Pfister loads of publicly traded companies manufacturing these items, the money will be made by refits and new installs.
They were about to sign a lease on a new smaller office due to a plan to send about 50-60% of the workforce to work from home before this mess started. They temporarily sent everyone to work from home by late March and have announced that anyone who wants to can stay work from home after this is over since the company already shelled out for the computer equipment. They are waiting to decide on the new smaller office or staying in the current location to allow space for social distancing depending on how many want to come back into the office.