HH 12 Industries That May Not Exist By 2020

Some of these industries, such as paper and home phones, you can guess. But some will surprise you.

 

The following answers are provided by members of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

1. Metropolitan Taxi Systems

The dual driving force of decentralized apps (Uber, Lyft) and self-driving technologies will cause the centralized taxi industry to disintegrate. In just a few short years, Uber has already made a sizable dent in their business and will continue to do so. On the other hand, automated taxis will spread like wildfire once viable. As an NYC resident, all I have to say is good riddance, yellow cabs!

– Brian HonigmanBrianHonigman.com

2. The USPS

Almost all of the processes that used to require a mail response are completely online now, and the USPS today is essentially one big junk mail courier for companies wanting to advertise at a 1.4 percent conversion rate on average. The only spectacular aspect of the USPS is their Media Mail rate, but if the industry was privatized, the price would be just as competitive via the nature of private industry, e.g. UPS (UPS) and Fed-Ex (FDX) .

– Jon ClineRokit SEO

3. The Paper Industry

The paper industry won’t ever disappear completely, but it will be almost obsolete by 2020 as everything is digitized.

– Elliot BohmCardcash.com

4. Home Phones

I believe home telephones will be obsolete by 2020, if not sooner. Smartphones have outpaced landlines as a far more convenient and necessary form of communication. It’s already very rare to meet someone without a cell phone. We even contemplated this year switching all our office phones to cell phones. (TVZ, STMUS).

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Sam Sha 3 years ago Member's comment

hahaha one day Everything will be destroyed from the Creator, so you all must be hold true beliefs and divine text for survival and death. keep trying be happy.

Dr Swati Deshmukh 3 years ago Member's comment

with the advent of internet, offices, supermarkets, banks will turn into mere storage spaces, and peole will work from home,shop from home and bank from home....we have already started!

Wendell Brown 4 years ago Member's comment

Some really thought provoking ideas here.

Gareth Collocott 4 years ago Member's comment

Very good article. While this is certainly all possible, there is the 1 thing that all Americans seem to forget and that is that america is only one country in the world. Written for an American, maybe even European audience yip really possible, but a lot of the world just does not have the infrastructure for this to happen.

Alexis Renault 4 years ago Member's comment

Excellent point.

Pa Ul1 4 years ago Member's comment

Sd cards would be available for cloud storage is not reliable as it is.

Rebecca Duncan 4 years ago Member's comment

Then you are using the wrong cloud provider. But if you want your privacy and/or concerned about being hacked (remember all those "private" celebrity photos that were released recently?), then physical storage is the way to go.

Christopher Zvolanek 4 years ago Member's comment

God knows...Crisis comes near.

Frans Van Erk 4 years ago Member's comment
The advertisement industry is the most corrupt and rotten in the world.