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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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Millennials Not Alone in Fleeing Big Banks

NCR

Chris Coleman bills himself as the Social Media Superhero. The 24-year-old consults with companies worldwide on how to reach the millennial audience. He generates one-time payments from many of these gigs, making direct deposit of his fees difficult, if not impossible. We got tired of feeling like we didn’t matter.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Instead, new millennial-inspired and tech-infused dining trends have been emerging across the US and internationally. Many of yesterday’s casual dining brands are dying, but not because millennials “don’t eat out.” An enormous part of By Chloe’s success is that its dishes and restaurants are optimized for social media.

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Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

Fueled by social media, consumers want to get a hold of the latest trends as quickly as possible, and retailers must rapidly increase production to meet demand. Seattle-based startup Armoire curates a rental closet for customers for a monthly fee. Source: Ellen MacArthur Foundation.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Understanding the need to meet consumers where they are, many retailers have embraced chatbots as part of broader social media engagement strategies. This was much higher than overall video streaming, which went up by only 12%, and social media usage, which remained relatively flat. Source: CNN Business.

Industry 101