Gig Economy Giants: The Green Wave

Green Economy

Where are your next opportunities in the Gig Economy?

The Gig Economy is continuing to grow and heading inexorably in a sustainable, green direction and reflecting marketplaces as they change. With billion-dollar revenues in point-to-point last-mile delivery, personal transport, renewable power, niche software and services, and rental/resales. Your next opportunities in flexible, climate-friendly work are highly likely to lie in these areas. Read on for more information…

 

The world of work and income has changed. Decrepit and heading to a dusty death are the old models of employment and income. A new wave is here and it is growing in power and reach.

 

The Gig Economy, already present in nascent form before 2008 in the shape of freelancing and short-term contracts, found fertile soil in the financial crises of the late 2000s and a helping hand up in the rise of mobile digital apps and their hardware platforms.

 

In only a few short years, the Gig Economy became a large sector in the labor market, employing millions of workers worldwide. Companies like Uber, Airbnb, and Deliveroo are now household names.

 

Then along came Covid, triggering another rise in the sector with millions of remote workers switching to flexitime and discovering the freedoms (and lower costs in both time and money) of working from home.

 

In the United States alone, the number of freelancers is now projected to reach approximately 57.3 million by 2028, and in 2023 the total value of the sector was valued at a whopping $453 Billion.

 

Attitudes to working are therefore irrevocably changed. The old job for life is a dinosaur, consigned to a museum of casual and half-incredulous consideration. Only in vocations is it likely to remain a ‘thing’, such as any highly trained and skilled position that still needs to operate from a centralized and integrated team location.
But what’s next to affect this sector we ask?

The Green Wave

The next factor to affect the economy globally is without doubt, climate change. This will be from both negative effects and positive responses to it in lifestyle and buying habits.


The smart money is already getting onboard, with Assets Under Management (aka AUM) in sustainable funds (funds in green accredited services and assets) seeing a significant rise from 2018 to 2023. As of the second quarter of 2023, sustainable funds’ assets totaled hundreds of billions of dollars globally.


And where the funds market goes shows us where the market is. New products such as electric/hybrid vehicles are now a common sight on our streets. People shop green, favouring organic produce. They are installing solar panels and smart, energy efficient appliances.


Financial products such as Carbon Credits after a shaky start several years ago are recovering and a stable model is emerging there. The industrial renewable power sector is, for want of better word, exploding in the rush towards Net Zero emissions targets.


Out on the horizon of the financial ocean, a green wave is rising. And some smart people are sitting on the beach, waxing their surfboards. Some who can afford boats and jet ski towing are already out on the wave…

Green Wave

Therefore, for persons looking to position themselves for the future and make money, these two sets of facts above present an undeniable conclusion. 

 

The gig economy is going to grow and when it does so, it will grow green.

 

Current Opportunities For You

We would like to present you with a shortlist of areas where you can immediately find work on your own terms. 

This list covers the main players and is in no way exhaustive so please consult the internet for more examples also if you don’t find what you seek here. We will also mention some Green Stocks for investing here and expand on these in later linked posts.

1. Green Delivery Services

Company: Deliveroo

Deliveroo
  • Type – Food Delivery
  • Green Activity – encourages bicycle or e-bike deliveries to reduce carbon footprint.
  • Annual turnover (2022): Approximately £1.82 billion.
  • Website: https://deliveroo.com/ 

Company: Postmates (Owned by Uber)

Postmates
  • Type: Food and Goods
  • Green Activity: focuses on bicycle and electric vehicle couriers.
  • Uber’s delivery segment reported a gross booking of $55 billion in 2022.
  • Website: https://postmates.com/ 

Company: Stuart

  • Type: Last-mile delivery (Europe)
  • Green Activity: electric vehicle couriers for last-mile deliveries.
  • Turnover (2022): Approximately €60 million.
  • Website: http://stuart.com

2. Sustainable Ridesharing

Sustainable Ridesharing

Company: Uber

Uber
  • Type: Taxicab
  • Green Activity: Allows users to book electric or hybrid cars for a more sustainable ride.
  • Uber’s overall revenue (2022): Approximately $31.8 billion.
  • Website: https://www.uber.com/gb/en/ride/ubergreen/ 

Company: Lyft

lyft
  • Type: Taxicab
  • Green Activity: Offers a Green Mode allowing passengers to choose electric or hybrid vehicles for rides.
  • Turnover (2022): Approximately $4.1 billion.
  • Website: https://www.lyft.com/

Company: BlaBlaCar

BlaBlaCar
  • Type: Long Distance Carpool
  • Green Activity: Focuses on long-distance rides, reducing the overall carbon footprint.
  • Annual revenue (2022): Estimated at $120 million.
  • Website: https://www.blablacar.com/

3. Green Home Services

Green Home Services

Company: TaskRabbit

TaskRabbit
  • Type: Home Services
  • Green Activity: Connects users with skilled workers (Green and regular) for home services.
  • Estimated annual revenue (2022): $250 million.
  • Website: https://www.taskrabbit.com/

Company: Handy

  • Type: Home Cleaning and various home services.
  • Green Activity: Promotes eco-friendly cleaning methods.
  • Estimated turnover (2022): Approximately $100 million.
  • Website: https://www.handy.com/

Company: UrbanYou (Australia only)

  • Type: Home & Gardens services
  • Green Activity: Use of sustainable products.
  • Estimated annual revenue: Approximately $2 million.
  • Website: https://urbanyou.com.au/

4. Eco-Friendly Rentals

Eco-friendly Rentals

Company: Turo

turo
  • Type – Peer-to-peer car-sharing marketplace
  • Green Activity –  focuses on electric and hybrid vehicles
  • Annual revenue (2022): Estimated at $500 million.
  • Website: https://turo.com/

Company: Outdoorsy

outdoorsy
  • Type – RV rentals
  • Green Activit – option to offer eco-friendly vehicles.
  • Annual revenue (2022): Approximately $100 million.
  • Website: https://www.outdoorsy.com

Company: Spinlister

Spinlister
  • Type – Bikes, scooters and other sports gear rentals
  • Green Activity – promotes eco-friendly transportation.
  • Estimated annual revenue: Approximately $2 million.
  • Website: https://www.spinlister.com

5. Upcycling and Reselling

Company: eBay

ebay
  • Type – Large online marketplace
  • Green Activity – Promotes the resale of pre-owned and refurbished items
  • Annual turnover (2022): Approximately $9.8 billion.
  • Website: https://www.ebay.com

Company: depop

  • Type – Peer-to-peer social shopping app
  • Green Activity –  Buying and selling second-hand fashion items
  • Annual revenue (2022): Estimated at $70 million
  • Website: https://www.depop.com

Company: ThredUp

Thred Up
  • Type – Online consignment store for second-hand clothes
  • Green Activity – Promotes a circular fashion economy
  • Annual revenue (2022): Approximately $288 million.
  • Website: https://www.thredup.com

We hope you found these examples informative and useful, but we are not finished…

 

Of course this sector is not going to stop innovating and we would like to now share some examples of ‘Unicorn Companies’ – startups that are breaking new frontiers and opening new trails. These companies may offer investment or employment opportunities to forward looking persons.

6. The Unicorns

The unicorns

Company: Zola

Zola
  • Type: Comprehensive wedding planning platform.
  • Green Activity: Focused on offering eco-friendly options for wedding registries.
  • Revenue: estimated revenue between $41.1 million to $100-500 million annually
  • Website: https://www.zola.com

Company: Farmers Business Network

Farmers Business Network
  • Type: Digital data and marketing platform for farmers
  • Green Activity:  Saves on input costs by optimizing decision-making based on smart data.
  • Annual Revenue: $40 million as of 2023
  • Website: https://www.fbn.com

Company: Checkr

Checkr
  • Type: Digital data and marketing platform for farmers
  • Green Activity:  Saves on input costs by optimizing decision-making based on smart data.
  • Annual Revenue: $40 million as of 2023
  • Website: https://www.fbn.com

Company: Earnin

Earnin
  • Type: Digital data and marketing platform for farmers
  • Green Activity:  Saves on input costs by optimizing decision-making based on smart data.
  • Annual Revenue: $40 million as of 2023
  • Website: https://www.fbn.com

Conclusion:

These Unicorns show that the next wave of start-ups won’t be disrupting primary sectors, rather they will tend to offer services to niche sectors that according to the New York Times ‘offer larger opportunities than previously expected’.

 

New products such as PowerFoyleTM by Exeger also show us that game-changer technologies are developing and moving up the supply chain.

 

The moral of our story is that there is plenty of opportunity for work and investment, and this is just the beginning.

Surfs Up, Dudes!