The sharing, or collaborative economy has experienced rapid growth since its inception and the value of business is continuing to shift from ownership to access. New start-ups and disruptors have completely reshaped the specific industries in which they operate – and are continuing to do so – which in turn has led to further disruptors being born and challenging the market, aiming to offer better and more cost-effective services.
These new players, along with the incumbents of the sharing economy have the potential to increase its global revenues by twentyfold in the next ten years. This has raised the attention of investors and corporates alike who want to seize the economic benefits that this sector can offer and also ensure they keep up with the radical shifts in consumer behaviour that have been born from this economy. A number of challenges have arisen though in line with this growth. Firstly, regulators are now coming under increased pressure to ensure there is fair market competition and safe employment rights among the economy’s contributors. Secondly, as companies of the sharing economy start to scale up at unprecedented rates, the necessity of having flexible yet also stable business models is crucial to their success.
By bringing together pioneers of the industry, the FT Sharing Economy Summit will tackle the most pressing issues to date and give you first hand insights in how best to position your company when entering into, and growing, in this collaborative market.