At the end of April innovators, entrepreneurs, business leaders and other technology pioneers will gather in Trondheim for Technoport 2014. In the run up to this exciting event, we will publish a series of interviews with our speakers to learn more about how they are driving innovation. This week we hear from Lauren Anderson, Community Director at the pioneering shared economy organisation Collaborative Consumption.
1. How would you explain “collaborative consumption”?
We describe collaborative consumption as the reinvention of old market behaviours such as bartering, lending, swapping, trading and exchanging – but this time they’ve been reinvented for the Facebook age! Social, mobile and location-based technologies are enabling us to share and exchange all kinds of assets now – from physical stuff to less tangible things like time, skills and space – on a scale and in ways that wouldn’t have been possible even 10 years ago.
2. How is collaborative consumption disrupting existing models of doing business?
We are already seeing collaborative consumption disrupting established 100-year-old industries such as car manufacturing, hospitality and even banking by putting the power in the hands of the people. These new technologies are not only more efficient and often more affordable, but they also provide more authentic and personal experiences over mass-produced and standardised, which is something people are hungry for these days. Having said this, there are many ways that existing companies can, and should, get involved in understanding how this consumer shift might affect them, and what they can do to maintain relevance and build brand loyalty with these new consumers.
3. What are some examples of different types of businesses that are leading this movement?
In our directory of examples we have documented more than 1000 examples of collaborative consumption globally, and have found examples in more than 100 countries. But while there are many small local marketplaces in this space, there are also some bigger global companies who operate across a number of continents.
Airbnb, the p2p accommodation marketplace, is arguably the biggest collaborative consumption platform in the world, behind sites like eBay. TaskRabbit and similar task marketplace platforms have been hugely successful. Carsharing and bikesharing platforms are up and running in hundreds of cities around the world, transforming the ideas of mobility. And for a local start-up, EasyBring is a collaborative distribution service, or ‘crowdshipping’, tapping into a network of deliverers who can send packages for others.
4. Cities are also getting involved – tell us a bit more about that.
Cities look after a lot of the regulation at a local level, and in many cases collaborative consumption companies are not adequately dealt with in the current legislation, causing a lot of uncertainty and fear. Other than that, there are many ways cities can adopt collaborative consumption-based models to supply services to residents and also build a culture of empowered citizens rather than a passive community. We expect to see many cities following the likes of Seoul in South Korea, and Portland, Oregon, to really make Shareable Cities part of their mandate.
5. What role can collaborative consumption play in overcoming global challenges such as climate change?
As an example, most collaborative consumption platforms are focused on maximising the ‘idling’ or underused capacity of the things around us – ensuring that the things we own are used to their full potential. Other platforms are dedicated to the redistribution of stuff from where it’s not wanted to somewhere it’s needed, extending the lifecycle of products otherwise headed to landfill. And perhaps most importantly, collaborative consumption encourages people to consider whether they really need to buy something new, or if there are other ways they could access it, which might involve connecting with other people in the community.
6. Where do you see collaborative consumption going in the future?
In the future, we definitely see that there will be much more involvement from existing organisations, as well as local and even federal governments, as collaborative consumption becomes a much bigger part of the consumer ecosystem. We will start to see the most successful models of collaborative consumption being scaled and replicated around the world, and local economies will be strengthened through these new ideas. Ultimately we believe that we will be able to reduce our reliance on the consumer machine, and that we will be able to restore the balance of community and contribution that we are missing today.
Want to hear more?
Lauren will feature at our Troublemakers event at Technoport 2014. She will elaborate on the topics explored in this interview as we showcase stories of some of the individuals behind disruptive companies. Learn more about Technoport 2014.
Image credit: Shareable.net