The
Solution
We are
currently developing several solutions designed specifically for those
who need glasses yet don't currently have them. By focusing on the group
of customers that have been excluded from the eyecare industry, four
requirements emerge. Any solution must be: available, low cost, scalable,
and wearable. To be available, glasses should be easily purchased from
a convenient local location. To be low cost, they should cost a few
days' wage. In most situations, prices starting at $5 are low cost.
The majority
of the people who need them have the means and desire to buy them if
they were available to them at a reasonable cost. In fact, over 80%
of the world's families earn more than $1/day, making inexpensive, important
products such as low cost eyeglasses within.
Given the
structure of the eyecare industry, we believe that there are two key
components to reaching those in need of glasses:
| 1. |
Enable
and add outlets and eyecare workers, and |
| 2. |
Simplify
the number of touches and cost in the value chain without sacrificing
style. |
In unregulated
markets, we propose that micro-entrepreneurs can be successful eyecare
workers. Microentrepreneurs are the dominant retail channel to poor
areas around the world. Micro-entrepreneurs are also more likely to
charge for their service a price that is more consistent with the local
incomes of the people they are trying to serve.
There are
several potentially viable approaches to reducing the complexity of
the distribution system and enabling a new channel. We have been working
with Saul Griffith, a PhD candidate at the MIT Media Lab, to develop
on-site lens production equipment. Other viable forms of simplifying
the supply chain include reduced selection or pre-cut lenses.