The future car buyers of Nigeria. Picture © Devesh Uba, all rights reserved. Africa is progressively shedding its image of a continent embroiled in poverty, corruption and never-ending wars. Yet the dramatic Ebola outbreak in Western Africa is a harsh reminder that the road to development is a long and tortuous one. Three years ago, I created the Africa Project to jump start the collection of new car sales data in a region that remains very secretive. From only a couple of countries in 2012, official sales data for Africa on BSCB now covers 23 nations, and its scope is expanding every month. New car sales on the continent are still for the most part in their infancy, making Africa the last frontier in terms of automotive development. If the economic growth we have witnessed in the past decade continues at the same rate, could Africa become the new China and replace it as the world automotive sales engine of growth? As is often the case in such … [Read more...] about STRATEGY: Is Africa the new China?
Sustaining technology vs disruptive technology
The Tesla Model 3 has already changed the automobile industry. Almost a month ago on March 31, Tesla unveiled the much hyped Model 3, an all-electric four-door compact sedan that will slot well below the Model S and X in the manufacturer’s lineup. It will be priced from US$35.000 up with an autonomy of 200 miles and is the first realistically affordable car Tesla is launching, in essence the ‘make or break’ car for Tesla which relies on its mass volume of sales to become a sustainable car company. The pre-order figures it generated surprised all worldwide analysts included myself. A Time survey before the unveiling showed that conventional wisdom was on 55.000 pre-orders in the first 72 hours. Instead, the Model 3 reached that figure in a couple of hours, hitting 180.000 pre-orders in 24 hours, 276.000 in 48 hours, 325.000 in 72 hours and over 400.000 by now, representing potential sales of over US$14 billion. (Update: This figure … [Read more...] about Tesla Model 3: Why it changes everything
SmugMug, trying to strengthen its Flickr site as a community for photo enthusiasts, will limit free members to 1,000 photos and scrap the old policy of a terabyte of storage in an attempt to move toward subscriptions.The move, accompanied by a 30 percent discount on the $50 annual Flickr pro membership through Nov. 30, is the first big business shift at the photo-sharing site since SmugMug's acquisition of Flickr from Verizon's Yahoo earlier this year. And while it'll mean some members have to decide whether to spend some money or save their photos, it also means Flickr's interests are directly aligned with those of its members, not those of advertisers, Flickr vice president of product Andrew Stadlen said in a blog post Thursday."We want to build features and experiences that delight you, not our advertisers; ensuring that our members are also our customers makes this possible," Stadlen said.In practice, relatively few people will be disrupted by the change, he added: "The … [Read more...] about Flickr imposes 1,000-photo limit, drops 1TB storage for free accounts