Consumer Sentiment this Festive Season
Anatomy Of Rebuilding & Recovery
Anatomy Of Rebuilding & Recovery
The FQ1 economic growth reported a 25-quarter low, with consumption falling by 60 per cent, worse than the 2008 global financial crisis. People have made mammoth lifestyle changes — some temporary, many perhaps permanent. Supply chains’ resilience has been put to test and many retailers have shut shop. The pandemic has accelerated underlying trends hesitantly waiting to take off, new consumption habits have been formed, and value propositions have shifted. E-commerce giants and e-store owners are in a happy place, while traditional retailers are looking at jumping onto the digital bandwagon. Some of the most distinguished minds across industry get together and discuss the mood of the nation, and how they intend to maximise this yearly opportunity amidst the pandemic.
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