The sharing economy and on-demand economy have become increasingly intertwined, with the latter encompassing a broader scope of services beyond just peer-to-peer transactions. The evolution of the sharing economy has been marked by its transition from an altruistic concept to one that prioritizes efficiency, deliveries, and services that can be booked instantly. This shift has led to a rise in venture capital influx and startups claiming stake in the sector. Traditional e-commerce models differ significantly from new-generation marketplaces, with the latter offering access to a larger supply of resources, trust between strangers facilitated by technology, and systems where strangers can feel safe doing business with one another. Many fortune 500-type companies are transitioning to this new model, considering how they might emulate or integrate with existing marketplaces for labor or resources, and adapting to offer equivalent timing and personalization. Traditional companies are advised to consider what products could become services, look at the industry as a whole, and think about connecting everyone in order to thrive in the new economy.