We spend carefully: 43% of consumers fear that their financial situation will deteriorate
Although concerns about the cost of living have eased, consumers remain confident that the price of consumer staples will moderate.
The ever-increasing inflationary pressure not only rearranges consumer trends, but also strengthens certain demands. The expectations of retailers have changed and generative AI is playing an increasingly prominent role in the field of shopping as well, according to the latest research by the Capgemini Research Institute.
We expect information, in return we give brand loyalty
43% of consumers are currently concerned that the cost of living will continue to rise, down from 80% a year ago. At the same time, the decrease in concern also brought with it increasing demands. On the one hand, consumers expect retailers to warn them about hidden price increases by reducing product size or product quality. 65% of customers would like to receive information about shrink inflation when shopping. In return, they give nothing but loyalty to the brand or product, as 73% of consumers stated: if the given brand helps them through this difficult period, they will gladly choose their products later.
Related news
Crisis resistance through AI and ESG
KPMG’s CEO Outlook 2024 survey reflects the views of more…
Read more >Three-quarters of Hungarians are well-versed in AI, reveals Ipsos global survey
The Ipsos 2024 AI Monitor report provides a comprehensive picture…
Read more >Sustainability pays off
The EY 2024 Sustainable Value Study involved 520 sustainability leaders,…
Read more >Related news
Master Good, Nestlé Hungária, Tesco Hungary are this year’s winners
This year, Trade Magazine announced the Christmas TV Ads 2024…
Read more >This year’s CO-OP Star Silver Pine and Silver Star awards have been presented
As every year before Christmas, this December, the CO-OP Star…
Read more >Declining company numbers, permanent half-million limit
In 2024, the number of partnerships is expected to decrease…
Read more >