A few industries that I have been seeing from close quarters – and have very strong views on are food and health, pharma, financial services.
One thing clear in all the 3 industries – the more you complicate, the more money you can make. So whether it is a Kellog, or a Gillette they can take a simple thing to great heights and charge a premium. There is a big set of people willing to buy the products – MAKE NO MISTAKE about the size of the market.
Caveat: I am a shareholder of Gillette
The food industry is the GREATEST CONTRIBUTOR to what is called the ‘life-style disease’ industry. Obesity, Cardio Vascular diseases, blood pressure, lung and throat cancer, etc. have been CAUSED by the likes of Coke, Pepsi, McDonalds, and a slew of high fat, excessively processed food. Most of these items have an excess of salt, sodium, sugar, …etc. They can take a healthy product like potato and convert it to an unhealthy product like chips!
In the US the Medical Insurance industry got into the act and pushed the anti-tobacco legislation. However will they get behind the Big Food industry and lobby for a tax on cola, processed maida (fine processed wheat), sugar laden snacks, etc? I hope they do.
The general insurance industry in US is pampered because of the HUGE clout that they have in Washington. They have fought for every piece of legislation and have had their way through – they can change the way Big Food behaves!
The pharma industry has a vested interest in TREATING/CURING diseases like obesity. It is far more lucrative to TREAT rather than prevent.
If a doctor PREVENTS your being ill, what is the incentive to pay him a fee? Zilch. However if you are in pain and he helps you come out of it, you will be willing to pay him a fortune!
See only bad news sells….even to one own self! ha ha ha….
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