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Consumer trends during a recession - Making the most of difficult times
Consumers are getting thrifty - they substitute, they trade down and they bargain hunt. As consumers prioritise their spending and make cutbacks, concepts such as no frills chic and functional luxury will take hold.
In this episode of Globalcast, Euromonitor International research manager Sarah Boumphrey analyses how the global financial crisis is affecting consumer trends
Learn about:
· How are consumers reacting to the economic crisis?
· What key trends are emerging as a result?
· Who are the winners and losers?
Featuring: Euromonitor International Research Manager Sarah Boumphrey
How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.
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By Euromonitor International
5
55 ratings
Consumers are getting thrifty - they substitute, they trade down and they bargain hunt. As consumers prioritise their spending and make cutbacks, concepts such as no frills chic and functional luxury will take hold.
In this episode of Globalcast, Euromonitor International research manager Sarah Boumphrey analyses how the global financial crisis is affecting consumer trends
Learn about:
· How are consumers reacting to the economic crisis?
· What key trends are emerging as a result?
· Who are the winners and losers?
Featuring: Euromonitor International Research Manager Sarah Boumphrey
How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.