Friday, June 1, 2018

5A - Identifying Local Opportunities



1. Teeth injuring metal in the meat got 22800 pounds of these food staples recalled.


During the packaging process of 228000 pounds of spam metal objects were left in the meet. These specific packages of spam were consumed in the US territory of Guam.

Problem:
 The problem is that there was metal in these spam containers. I cannot imagine how much money it cost Hormel foods to recall that much spam.

Who has the problem:
Two different parties have the problem. First of all, Hormel foods had to take a huge financial hit after recalling 228000 pounds of spam. The article did not note a dollar value, but it had to be a lot. Also, the article did note that there were individuals who were minimally injured because of the metal objects in the food. Now Hormel foods has to worry about people sewing them.


2.  In a long-neglected Miami neighborhood a new co-working space stirs to life.

This article talks about a collaborative co working facility in Overtown Miami. This facility was created to give business owners and minority entrepreneurs a free space to run their business and collaborate with others.  

Problem:
The problem presented in the article is the lack of development in impoverished parts of large cities. This article talks about the effort to developer these cities and give them more business opportunities. The facility that was opened is called "Trife," and it serves as the beginning efforts to give minorities the same opportunities as the majority.

Who has the problem:
The problem belongs to the individuals who live in these cities. Because of the lack of development throughout these cities, the citizens have to suffer.



3. Two Miami millennial combine social networking skills and form marketing company


Two millennial "Verjano and Klumpp" collaborate to create a marketing company that adds some flavor to the industry. Their goal is to give small businesses the same quality of marketing as large businesses. There first client was a small brewery in south Miami, and their partnership was a huge success.

Problem:
The problem that is presented in this article is the lack of young social network marketers in the industry. I believe that this is a great opportunity since young people are more in tuned with the ins and outs of social media.

Who has the problem:
The problem belongs to small businesses who cannot afford premier marketing firms.


4. ‘Kids, eat your vegetables’ does not have to be a daily struggle


Two sisters, one an engineer and the other a doctor create a vegetable formula. This formula can be mixed into recipes, and it gives children all the nutrients from vegetable without having to force feed it to them.

Problem:
This article is addressing a very common problem that exists amongst most children, and that is the battle to get them to eat their vegetables.

Who has the problem:
Parents have the problem, because they are the ones that need to deal with the health of their kids.


5. Yes, it’s safe to go into the water with this Shark Tank startup’s invention


After a group of friends had their belongings stolen while swimming in the water at the beach, they decided to create a safe that will keep their stuff safe, and it can attach to beach cares.

Problem:
I think that the only problem with this invention is, what is stopping someone before taking the safe and the beach chair its connected to.

Who has the problem:
People who attend the beach on a consistent basis have the problem.                      

3 comments:

  1. These problems are definitely evident! Its crazy because I work at Publix supermarkets and a customer actually came in to return some Spam for the same reason. I had no idea it was only in Guam though thats probably a major hit to the Hormel company. I find these different problems and articles very interesting and you did a nice job of summarizing and rapping up the stories great work! Also here is a link to my Soundcloud! https://soundcloud.com/jaimo00/lonely

    hope you enjoy!

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  2. Dear Austin great job identifying these opportunities. I found your first opportunity especially interesting because I hear about these kinds of stories pretty often since food and resource economics is my Major. This story reminds me of the book the Jungle which describes the horror show which is the meat packing industry. Sadly enough the book was written in 1906 but we still hear crazy stories that remind us of how flawed some of our current meat packing systems are. I would encourage anyone interested in the topic to dig deeper into the underlying conditions that lead to these kinds of things happening.

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  3. Hey Austin! In particular, I found the last opportunity very amusing! I am always amazed at the ideas people have and bring to market! Many times, they can be so simple such as in this case with the beach chair safe. It is much easier to spot someone attempting to steal an entire chair than it is to spot someone grabbing your wallet when you are out swimming.

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