The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreAug 2020
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With Coronavirus forcing consumers to spend more time at home, food and drink brands must look to serve a whole host of occasions in a new space, while salvaging efforts at premiumisation as restaurant and other away-from-home spending collapses. This report explores the potential for advanced appliances, with smartphones and appliances combining to create powerful new data-driven feedback loops, which in turn can drive better consumer relationships and better products.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
With consumers spending vastly more time at home due to the COVID-19 pandemic, manufacturers of all types must look for ways to serve a host of new, in-home occasions.
A surge in online ordering during the pandemic has led to sales surges for many food and drink manufacturers, yet the collapse in away-from-home spending has taken away some of these companies’ most profitable and premium channels, creating pressure to create new consumer connections.
With “experiential commerce” paused indefinitely in many markets, product manufacturers must look for new, in-home experiences to drive higher-value spending, with more advanced in-home appliances one step in this process.
Advanced appliances increasingly offer integration with custom smartphone apps, with the possibility of creating real-time feedback loops, allowing appliances to learn individual consumers’ preferences, allowing mixes to continue to evolve, while also driving a wealth of information to be used in new product development.
With smartphones at the centre, product manufacturers have a real opportunity to tie together a host of experiences inside and outside the home, from appliances to vending machines to stores, with customer preferences and profiles stored on the smartphone and driving interactions anywhere along the consumer journey.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.