There are six key consumer trends that will have a lasting effect on American brands and marketers in 2012 and beyond, according to a study of changing consumer attitudes and behaviour by Leo Burnett.
The study, entitled 'Human Kind 2012: The Transformation of Aspiration', has predicted the evolution of American society as we know it, deviating from the traditional 'big plan' (go to school, get good grades, get married, have kids, climb the corporate ladder) into a whole new society structure.
The society that is foreseen is one in which men stay at home, women win the bread, and nearly 40% of all children are born to a single mother. Thanks to so-called 'daily deal giants', people will increasingly refuse to pay full price for just about anything, and even some foods will be seen as 'an affordable luxury'.
"From the evolving American family to the rise of collective bargaining and the continuing decline of masculinity, the face of the American consumer has forever changed," explained Stephen Hahn-Griffiths, chief strategy officer for Leo Burnett. "From now on, successful brands will have to adjust to this reality and find more relevant ways to connect with new audiences and influencers, or risk losing loyal customers at an alarming rate."
The six key trends that brands and marketers must understand - and even embrace - to successfully engage with the new consumer are as follows:
Implication for brands: This year's winning brands will be those that consistently deliver acts of fairness and behave with morality. A company that treats all customers fairly will earn Americans' trust and patronage.
Implication for brands: Popular media is slow to catch up to the changing American family. Diverse images of family ring true with consumers and can be a great way to show how your brand fits in to today's reality.
Implication for brands: Speak with caution when referring to traditional views of masculinity. Focus instead on shaping identities and transforming individuals, not a specific gender.
Implication for brands: Regardless if you are in the food industry, think about how to satisfy consumers' desire for smaller, bite sized luxuries. A small amount of satisfaction can go a long way.
Implication for brands: Integrate daily deals with customer loyalty programmes. To compensate for downward pressure on margins, daily deal technology needs to segment customers that are already bargaining and offer more personalised deals to heavy users.
Implication for brands: To activate shoppers through social and mobile, marketers need to identify the problems shoppers are trying to solve and provide informed solutions. Brands that don't provide practical experiences will be ignored.
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