Nielsen believes that once the pandemic is finally over, consumers will return to their spending habits with a "new normal". This implies that they will return to their regular lives, but with a new precautionary attitude. Supply-chain changes along with an evolved relationship with e-commerce are a predicted outcome, as before the virus, many were skeptical about e-commerce, but now their preferences might have changed. This shift in preferences could impact a lot of businesses in the future, and some might need to change their models in order to adapt. Flexible models could include more online services, more pick up and delivery options and less human contact in the long run. With changing consumer behavior, preferences and attitudes, where do you think purchasing patterns in the country might end up after the virus is over? Do you think this "new normal" could be better for the future to avoid a possible second wave of the virus?
https://news4sanantonio.com/features/digital-discoveries/consumer-behavior-will-change-forever-post-covid-19-will-your-business-be-ready
2 comments:
I believe consumers will continue to buy online. When the stores open back up, consumers will be nervous to go to the store to buy anything but essentials. This will very with age, but I do believe we will continue to see a large amount of consumers buy online than in the stores. This trend will definitely be better for the future to avoid a second wave. I have read a past article about China's fears of a second wave, and I expect for the US to follow similar trends.
I think consumer spending is likely to go down with some percentage. The influence the virus has had on consumer behavior might be permanent; no one can tell for sure. If that happens to be the case, then consumer spending on eating out, concerts, entertainment, and sports will reduce. With this reduction, the country will face a significant loss in the Gross Domestic Product. In the meantime, online shopping will thrive and experience high demand. This change will considerably impact workers since most of them will lose their jobs. I believe that the current situation will influence the future probability of the occurrence of another virus. Now that the virus has instilled fear in people of the importance of hygiene, people will adjust to accommodate the change. Hence, mitigating any loopholes that might give way for the reemergence of the virus.
Post a Comment