Habits
How the Virus Transformed the Way Americans Spend Their…
The data is not surprising. This time brings opportunity for innovation and new product/service adoption. “Life changes” are one of the best times to insert your product/service as new habits form. This is not the typical life change but certainly has people considering/trying new things. Heck, I even watched a whole eSports LoL tournament recently.
As restaurants closed and people began staying home last month, grocery stores experienced a surge in demand. In a 7-day period that ended on March 18, grocery sales were up 79 percent from the previous year. There were runs on many household staples, including pasta, flour, toilet paper and soap. Processed foods and canned goods were back in vogue.
https://www.nytimes.com/interactive/2020/04/11/business/economy/coronavirus-us-economy-spending.html
Andrew Breen is a partner at The Buy Build Fund and the principal of Assert Digital Ventures where he acquires & invests in small, cash flow positive digital businesses with growth potential. He uses his years of digital product experience to expand the market. Currently focused on health & wellness, Andrew has grown ADV’s acquisitions significantly to date. In addition, Andrew advises leading companies from startups, investors to Fortune 1000 companies on digital products and transformation. Known for his deep knowledge of the Lean framework, Andrew has significantly restructured the digital products, processes and culture of a range of companies. He is an adjunct professor at both NYU's Stern School of Business and Courant (CS) Institute teaching on a range of tech product management and innovation topics. He is contributing author on two books on tech product and cultural topics.
