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May 27, 2021

Sharing Economy in Consumer Goods: Timeline

The launch of eBay in 1995 marked the rise of “collaborative consumption,” offering consumers a smarter way to access goods and services.

By GlobalData Thematic Research

The impact of the sharing economy on the consumer goods industry has expanded considerably, with a new generation of companies promising to unlock hidden value and convenience, from product discovery right through to consumption.

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What are the key consumer trends driving FMCG in 2022?

The consumer landscape has permanently changed since the COVID-19 pandemic began, prompting trends to emerge or accelerate, causing subsequent macro-economic shifts. In order to stay relevant, Consumer Packaged Goods companies must stay abreast of these developments. It is here that GlobalData can offer valuable assistance. Download GlobalData’s Trendsights: Trends to Watch in 2022 report to:
  • Gain insight into the 12 most important trends across the FMCG value chain
  • See the consumer survey data that underpins these insights
  • Learn what early-movers are already doing in terms of NPD and product marketing
Take a look at this report to give yourself the best standing in this developing market.
by GlobalData
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Timeline

Listed below are the major milestones in the journey of the sharing economy theme, as identified by GlobalData.

1995 – eBay launched a global online marketplace connecting buyers and sellers without a retailer in the middle.

2004 – Grubhub was founded as an online food ordering and delivery platform that connects diners with local restaurants.

2005 – Etsy launched as a peer-to-peer marketplace for all things vintage and handmade.

2008 – Airbnb originally launched as a website that allowed people to rent out their spare rooms for an odd night or two.

2009 – The launch of a limosince timeshare service eventually evolved to become Uber.

2011 – TIME Magazine called Collaborative Consumption one of the “10 Ideas That Will Change the World”.

2012 – Peer-to-peer grocery delivery service Instacart was founded.

Airtasker launched as an online and mobile marketplace enabling users to outsource everyday tasks.

2013 – On-demand prepared food delivery service DoorDash was launched.

Ikea created a platform for customers to sell their second-hand furniture.

2014 – Uber launched a food delivery service called Uber Eats.

Startup Glambot launched a resale marketplace for used makeup.

2015 – Food-sharing app Olio launched with the aim to reduce food waste.

2016 – Airbnb launched the Experiences feature, allowing hosts to offer tours and events in addition to accommodation.

2019 – Social commerce platform Poshmark expanded beyond fashion and makeup to also offer home décor.

2020 – The Covid-19 pandemic significantly impacts sharing economy services globally.

Californian ballot Proposition 22 classified app-based drivers as independent contractors, instead of employees.

This is an edited extract from the Sharing Economy in Consumer Goods – Thematic Research  report produced by GlobalData Thematic Research.

Free Report
img

What are the key consumer trends driving FMCG in 2022?

The consumer landscape has permanently changed since the COVID-19 pandemic began, prompting trends to emerge or accelerate, causing subsequent macro-economic shifts. In order to stay relevant, Consumer Packaged Goods companies must stay abreast of these developments. It is here that GlobalData can offer valuable assistance. Download GlobalData’s Trendsights: Trends to Watch in 2022 report to:
  • Gain insight into the 12 most important trends across the FMCG value chain
  • See the consumer survey data that underpins these insights
  • Learn what early-movers are already doing in terms of NPD and product marketing
Take a look at this report to give yourself the best standing in this developing market.
by GlobalData
Enter your details here to receive your free Report.