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Culture
Demographic, sociological, and psychographic trends that are shaping society
Technology
Digital advancements evolving the way we consume, connect, work, and play
Economy
The current state of the global and national economy and its implications on our business
Environment
Concerns for Earth’s ecosystems and eco-conscious business practices
Culture
Technology
Economy
Environment
The decrease in people choosing to have children, an aging workforce, and the Alpha generation are changing consumer preferences.
Sources: www.vox.com/23971366/declining-birth-rate-fertility-babies-children
www.healthleadersmedia.com/strategy/us-physician-workforce-getting-old-fast
Anticipating Gen Alpha, Numerator (15)
Retail Channels will have to tailor their decisions to spark inspiration and meet the convenience needs of a growing online audience.
Sources: 2024 U.S. Drivers of Change Retail, Kantar (11)
www.globenewswire.com/news-release/2024/09/18/2948570/0/en/Physical-Retail-Stages-a-Comeback-and-Mobile-Shopping-Dominates-In-New-Future-Shopper-Report.html
-Future Retail Disruption, Flywheel (20)
With consumers facing hard spending decisions, the emphasis on finding value in creative ways has increased.
Sources: goodthomas.net/pub-trivia-night-history/
Convenience.org in Foodservice Digest 8.08.24.
progressivegrocer.com/big-retailers-get-early-jump-seasonal-savings-events
Retailers are making more sustainably-informed choices and there is an increased push for educating consumers on sustainability.
Sources: news.gallup.com/poll/643850/seven-key-gallup-findings-environment-earth-day.aspx
www.seedworld.com/global/2023/07/10/do-consumers-really-understand-sustainability/
chainstoreage.com/target-sustainability-efforts-include-returns-center-clean-energy
www.restaurantdive.com/spons/the-top-restaurant-trends-in-2024/714491/
www.wate.com/news/new-survey-discovers-why-most-people-dont-recycle-2/
recyclingpartnership.org/report-shows-only-21-of-u-s-residential-recyclables-are-captured-points-to-policy-and-investment-as-immediate-solutions/
Everyone loves trends, but it’s hard to keep up and make the information relevant to the strategic conversations we’re having.
Use this presentation (adding your own personality, personal anecdotes, etc.) to evoke interesting, organic conversation, and to inspire joint ideation to further capture growth in our extremely dynamic marketplace.