(June 5): The short answer is, no, it will not happen. The secular change to the sharing economy, with its benefits to costs and convenience, will return.

Not so long ago, the shift from ownership of resources to a sharing economy appeared inexorable — enabled by the ubiquity of smartphones, high-speed internet connections and community-based online and mobile platforms that seamlessly match buyers with sellers (providers of goods and services).

The sharing economy was widely embraced by consumers around the world, driven by the unprecedented convenience and choice, at competitive prices on the back of greater resource utilisation efficiencies.

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