industry-map

Industry Map — Supply & Value Chain

⚠️ Data Verification — Do This Before Any Analysis

Before running any analysis, always retrieve the latest market data for the ticker:

1. Fetch current price — use web search or ask the user for the live price, 52-week range, and market cap. Never assume a price from training data.
2. Confirm key figures — recent earnings, revenue, key ratios (P/E, P/S, etc.) as applicable to this skill.
3. State your data source — note where the numbers came from (e.g., "Google Finance, June 19 2026") at the top of the output.
4. Flag stale data explicitly — if live data is unavailable, display this warning before proceeding:

⚠️ Live data unavailable. The following analysis uses training-data estimates which may be significantly out of date. Verify all prices and metrics before making any decisions.

Never silently substitute training-data estimates for current prices. When in doubt, ask the user to paste the latest quote.

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Draw an industry's supply and value chain as a directed graph — from raw inputs upstream all the way down to the end user — so you can take a bird's-eye view of a business, see where a company sits in the flow, understand where value and pricing power concentrate today, and reason about where they will migrate next.

Overview

Most analysis looks at one company in isolation. This skill zooms out and answers a different question: "How does this whole industry actually work, layer by layer, and who captures the profit at each stage?"

A value chain is a directed graph: nodes are the layers of production (raw materials → components → integrators → platforms → distribution → end users), and edges point in the direction goods and services flow — from supplier to customer. Once the chain is drawn, three things become visible that a single-company view hides:

1. Position — is the target company upstream (inputs), midstream (integration/manufacturing), or downstream (distribution / end demand)? Position determines cyclicality, margin profile, and who has pricing power over whom.
2. Chokepoints — the layer(s) with the fewest credible suppliers capture disproportionate value. Following the chain reveals bottleneck monopolies (e.g. EUV lithography, leading-edge foundry) that are the real toll-collectors of a theme.
3. Value migration — the profit pool is not fixed. It shifts down (or up) the chain over time as scarcity moves. Mapping the chain lets you form a thesis about where the money goes next — the "picks-and-shovels" and second-order plays.