One of the big macro themes that I am long-term bullish on is availability of clean drinking water, especially as the global population continues to grow.
Water technology companies that have the ability to treat and deliver water at the local level become increasingly strategic and valuable when one considers global population growth (Africa, India and China in particular). WaterTech is the type of global business and water the type of asset that will eventually attract large platform companies such as Alphabet (tkr: GOOG) and Amazon (tkr: AMZN). For now, WaterTech is the purview of companies such as Xylem Inc. (tkr: XYL), a 2011 spin-off from ITT (tkr: ITT).
Availability of clean drinking water, local food production and local, redundant energy sources are three Technology themes I have been giving more thought to in recent weeks given the recent ransomware attacks that are proving to be as easy to execute as I would have guessed (read “A Better Tripwire…” for more on my thinking to that end).
Pew Research published an interesting population study in June 2019 which is available HERE.