Biggest Growth Industries in Los Angeles
We recently wrote about how ACCUR’s role in Los Angeles is changing thanks to an enhanced demand for executive talent in the LA area. Metropolitan LA encompasses a huge amount of land, industries and talented professionals. Here are the growth industries in Los Angeles that we see as being core to our recruiting business:
Los Angeles’ Growing Digital, E-commerce & Startup Scene
In the past decade, Los Angeles has become an attractive home for tech companies thanks to lower COL and real estate prices as compared to New York and San Francisco and attractive quality of life, especially for top executive talent.
Good examples of prominent digital and startup companies in Los Angeles include Ticketmaster, Honey, Fandango, Snapchat and Grindr. We find that Los Angeles is a hospitable place for new companies and app developers, and top technical talent is in high demand in the area. Of course, the large local entertainment industry in Los Angeles drives innovation in digital products for movies, television, film, gaming and virtual reality.
Beauty in Los Angeles
The proximity to Hollywood’s movie, music and television industry partially explains Los Angeles’ burgeoning cosmetics industries. Another reason is the welcome local environment for new business has made Los Angeles the locale of choice for companies like Who What Wear, Boulevard, Skylar and FabFitFun.
Consumer Packaged Goods in LA
Beauty and entertainment figure large in the consumer packaged good industry in Los Angeles. LA is home to such top tier companies as Disney and Sonos, and is an important locale for multi-nationals thanks to proximity to the television and advertising industry centered here.
Apparel in LA
Los Angeles is home to both well-established beach oriented brands like Oakley and Stussy, and is also a base of operations for innovative newcomers like MeUndies, which is a premium direct-to-consumer underwear brand, and FIGS, which is setting out to revolutionize the tired medical apparel world with more comfortable high tech fabrics.
Food in Los Angeles
As the center of multiple cultures, Los Angeles is a foodie’s paradise, and it is also, increasingly, a laboratory for food companies with national aspirations. Launched on the East Coast, fast-growing fast-casual salad chain Sweetgreen has moved its headquarters to Culver City. Pokeworks is a similar concept applied to fresh fish and rice. We expect to see more innovation and expansion in this sector.
Sporting Goods in Los Angeles
Known for an active and fit populace, Los Angeles is also home to a number of sporting goods companies and associated industries. One of the more interesting ones we’re tracking is e-mobility and transportation. Bird, headquartered in LA, is one of the fasted growing companies in Los Angeles.
Cannabis in LA
One of a growing number of states in which it is legal to sell cannabis, companies in Los Angeles, like MedMen, are innovating in the sale of cannabis to a sophisticated, affluent market.
Are you looking for executive talent in Los Angeles?
We can help. Contact us for a consultation with our local LA recruiters.
