According to Euromonitor’s latest research on alcoholic drinks, the UK is showing a clear trend towards domestic products with a distinctive, modern heritage and premium cachet. Anna Ward explores this burgeoning trend, and asks how sustainable it is, given the cost of living crisis and rising inflation.
Climate change poses a significant threat to the future of travel and tourism, with this industry accounting for 8% of global carbon emissions. If travel and tourism were a country, it would rank third behind the US and China in terms of the scale of its emissions.
Mask wearing in Germany - or the country's famously strict Maskenpflicht rules - is likely to end in the coming weeks, and consumers will be able to shop and dine maskless for the first time in over two years. Lipstick sales, and by extension many other facial care products, are expected to surge in its wake. The greatest opportunities, however, will be private label brands offering "accessible luxury" to consumers who are both excited to show off but are also sensitive to prices.
As cost of living concerns rise, value creation has become a defining feature of beauty in the UK, while digital engagement offers brands unique ways in which to connect with target consumers. Demand for sustainability remains high, with regulation leading change, while heightened awareness of mental wellbeing promotes products with ties to emotional wellness.
This episode is part of a series we have recently started, that explores how hybrid working has impacted several industries in Western Europe. This is the second episode in the series. We will focus on how retailers in the food and nutrition space are responding to this recent change in working patterns, in terms of retailing, product assortment and distribution.