Here is an acronym for you to remember: MOAR, Mother Of All Recoveries. The post pandemic recovery is going to be the greatest on record, even greater than the post World War II recovery that ran from 1950 to 1966. While the stock market has been at new highs during 2021, we have only seen the beginning. MOAR will soar through 2022 and could last until 2030. How is that for a prediction? Mind you, not from me, but one of my services that I subscribe to which has been spot on for more than twenty years.
So if MOAR is true, this should be the best news for business, right? Large cap tech businesses, absolutely. The latest generation of technology in world history is just starting to make it to market and will work its way through 2035-2050. We will see more change during this period than ever before and will make the computer generation of 1980-1995 seem like peanuts. But if you are a small business, it could be a flip of a coin.
How many restaurants are turning customers away? Cedar Point is not open on Tuesday or Wednesdays. Try getting service anywhere. The reason: More than 9 million job openings and yet, millions of Americans still do not want to work. Also more people than ever are quitting the workplace and either retiring or starting their own business from home. Let’s take the hospitality industry, all the tech is in the world won’t replace customer service. MGM Resorts app now allows you to use your phone as a room key, check in, check out, make reservations and check out all the activities. But if you can’t get a drink at a bar or dinner take 45 minutes to be served and it’s lousy, what good is it?
When it comes to gallons of personal care products, no one does it better than Ginger Lily Farms. Already the best-selling gallons in America, now I am very excited to launch new sizes and new categories. First up is our fragrance-free hand soap in a convenient 6-ct 12 oz. package.
Next month comes the new Dog & Pet category which will feature a very amazing 2-in-1 shampoo and conditioner and odor eliminator. And coming in August, look for the new Salon category featuring hair regrowth shampoo and perhaps one of my favorite product launches to come, the perfect competitive product to Moroccanoil! Soon you will be able to buy a gallon for the same price as 8 oz. Hmmm, which will be the better value?
One thing about MOAR that is not good, is that we are back to heavy traffic, long lines at airports, high priced just about everything and BTW, have you tried renting from AVIS or Hertz lately? YIKES!
The ongoing battles with China and the USA will continue for a very long time. However, regardless of what Trump and now Biden are doing with tariffs, it’s not working. Demand for goods is so high, the wait for containers from China is more than two weeks, costs for containers have doubled and tripled and there is no way U.S. factories can still compete. But one thing to keep in mind in this trade war is the value of brand names. You can think of many brand names made in the USA and sold worldwide including China. But how many brand names made in China can you think of that are sold worldwide? Fact is, there are NONE. If you look at all the China brands that are sold on Amazon, none of them are are a brand name, just a name to list on Amazon and take advantage of the marketplace. The only Chinese brand that has traction is not a product but a service, TikTok.
The $100 question going into the peak of summer: Will the Delta variant make its way into the USA in a meaningful way? Most people are so over COVID, any return to it at this time will bring a lot of nothing good.
Have a great 4th of July weekend, hard to believe the year is half over.