Energy Greatly Impacts All Sectors
The world needs energy, whether its based on elastic or inelastic supply and demand. Due to concerns about the environment, our perspectives about how efficient the energy is to both ourselves and to the health of the world is having a great impact on how top managers and CEOs in the energy sector adapt their approach to create a product that relatively can fit both revenue goals, as well as to have their PR stand out as a "change-maker" and a big player in a world where ESG investing is becoming the next trend. There are critical concerns, however, such as how Toyota has suddenly shifted their pitch, coming from an auto-manufacturer that relies on gas, to having a sudden predilection to electric vehicles. More investment firms also are leaning more towards ESG investing. As trends come and go, the impact that the environment will have to imbibe will be indelible for all aspects of all supply-chains on a global scale. This is why the energy sector is so imperative. This sector has the ability to maintain high inelastic demand for an uncertain period of time, which consumers may be forced to weigh a big consumption decision: whether to buy gas or spend electricity to maintain their standard of living, or to lower their standard of living for an unprecedented period of time. The research and insight from sector then should be taken seriously as they affect the other sectors in one form or another.