SlideShare uma empresa Scribd logo
1 de 16
NOW & NEXT

Ten Consumer Trends
That Will Shape 2014
Winter/Spring 2014
A semi-annual report highlighting ten trends
which we believe will have a lasting impact on
how consumers will be interacting with brands,
specifically designed to help health and wellness
clients to:

•	

PURPOSE

better understand their consumer landscape

•	

stay current with consumers’ changing needs,

•	

adjust their marketing plans as appropriate

•	

seize new opportunities to grow business

desires and behaviors

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 2
Explore…
existing consumer research, category-specific
research, industry reports

Pinpoint…
ten important trends that we think will significantly
impact our clients’ businesses

APPROACH

Highlight…
what’s currently happening, and why

FutureCast…
what we think it means for clients

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 3
1. DO SOMETHING
2. POWER OF PURPOSE
3. MAINSTREAM HEALTH
4. MOBILE LIFE

TRENDS

5. NO MORE DATA
6. VISUALS RULE
7. TOO BIG TO IGNORE
8. HEALTH ON-THE-GO
9. JUST FOR ME
10. CUSTOMER EXPERIENCE

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 4
1

DO SOMETHING
Highlight
The adage, “actions speak louder than words,” has never rung more true. For
too long, brands have raised expectations as a result of their promises and
haven’t delivered. From now on, do what you say or it’s game over.
Consider the findings from this 2013 Arena Media study which statistically
demonstrates that “meaningful brands” outperform the stock market by 120%.
And the sad truth that the majority of people don’t care if over 73% of brands
ceased to exist.1

FutureCast
The new way to win hearts and minds – and to forge deeper connections with
consumers – is to provide true utility by creating marketing that in and of itself,
enhances lives in real and fulfilling ways. Mitch Joel at Harvard Business Review
refers to it as Utilitarian marketing.2
The recipe calls for looking beyond messaging, making promises and
generating transactions by treating customers the way we’d treat ourselves –
focusing on what matters most. The equation is a simple one: more customer
value equals more business value equals more shareholder value.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 5
2

POWER OF PURPOSE
Highlight
The most successful brands and businesses are aligned around a higher
purpose. Beyond the narrow confines of a business mission statement, purpose
makes clear the organization’s inspirational reason for being – why the brand
exists and the impact it seeks to make for customers and in the world.

Consider the findings from these studies:

•	

92% of millennials believe business success should be measured by

•	

“ideals-driven” businesses are more profitable than those that just think

•	

something more than profits.3
about the bottom line.4
purpose is a definitive purchase trigger as consumers will praise and
punish companies based on their active support of a good cause.5

FutureCast
Purpose-driven brands will be the ones that consumers vote for with their
wallets. But to gain consumer trust, companies must clearly communicate
tangible, measurable actions they have taken, and the results. Look for more
companies to recommit to a core set of values like those of Zappos, Whole
Foods and Chipotle; and health-focused consumer brands to move away from
functional benefits to more aspirational higher-order benefits.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 6
3

MAINSTREAM HEALTH
Highlight
Health concerns are on the rise across the board. As a result, today’s
consumers approach health and wellness holistically, as an increasing number
integrate more proactive/preventative vs. reactive practices into their daily
lives.6 Following this, they’re looking for products and services to help them
maintain and improve their whole health – physically, mentally and socially.
Consumers are also more aware of the role that nutrition plays in their whole
health, and are increasingly looking for more of the good stuff (e.g. “juicing”,
gluten free, organic, vegan, etc.).7

FutureCast
More and more, businesses that provide new solutions or adapt their products
and services to meet the public’s desire for a healthier lifestyle are poised to
reap significant rewards. Growth of the health and wellness market is also
good news for companies that design, manufacture or sell innovative devices
or services to monitor vital signs or fitness. And as consumers increasingly look
to self-service technologies and channels, the entire healthcare industry has a
tremendous opportuity to reach, engage and interact with today’s empowered
consumer.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 7
4

MOBILE LIFE
Highlight
We look to our mobile devices to maximize every moment – relentlessly
accessing always and everywhere. No longer merely pieces of equipment,
they’re the means through which we interact with the world around us –
snapping, shopping, scanning, comparing, videoing, looking up, paying. A
megatrend of huge proportions, smartphone subscriptions will grow to 3.3
billion by 2018 from one billion in 2012.8 Their indispensability is underscored
by this survey from Harris Interactive, which found that 63% of female
respondents and 73% of male respondents don’t go an hour without checking
their phone.

FutureCast
In 2014, organizations will need to step back and determine how they are
going to meet the challenge of this life-changing trend. How to adapt strategies
and delivery mechanisms, content and flow of communications to match
the multi-tasking, experience cramming, mobile-loving consumers who are
seemingly one with their mobile devices. Once strategies are in place, look for
consumers, health and wellness businesses and healthcare providers to turn
to mobile and digital communities to connect, learn and engage – opening up
tremendous opportunities across the entire health ecosystem.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 8
5

DATA NO MORE
Highlight
In 2013, we saw numerous brands including Target, Facebook and Yahoo
suffering ‘privacy breaches’ that revealed customers’ information, as well
as the leaked actions of a government agency. It’s no longer just a paranoid
minority, but a vast majority of consumers, who are concerned about the

82% OF GLOBAL
CONSUMERS
BELIEVE THAT
COMPANIES
COLLECT TOO MUCH
INFORMATION ON
CONSUMERS.
Adobe, June 2013.

amount of data made available every time we use our mobile devices,
particularly as it relates to personal, medical and financial data.

FutureCast
In 2014, consumers will gravitate to brands that offer brilliant service, while
also publicly abstaining from the collection of their personal data. The
challenge for businesses will be finding a balance between the very real
benefits of data collection and utilization (recommendations, cross-selling,
personalization, enhanced ad revenue and more), and earning the trust of
increasingly HACKED OFF consumers.
At a minimum, brands will need to adhere to the 4 C’s of mobile marketing:
• Control (helping consumers understand what will happen to their data)
• Choice (giving them the option of what data to share and what to withhold)
• Compensation (giving them something in exchange for their data) and
• Commitment (keeping consumers’ data totally secure)

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 9
6

VISUALS RULE
Highlight
The most compelling content is increasingly visual. Visual content also
enhances your brand and dramatically increases user engagment and ROI.
Consider that on Facebook, videos are shared 12x more than links and text
posts combined; and photos are liked 2x more than text updates.9 With 40
million photos uploaded daily and 90 million monthly active users, Instagram is
the fastest growing web property on the planet.10 Considering these statistics,
it’s not surprising that businesses are jumping on the visual bandwagon.

FutureCast
In 2014, look for more of your competitors to use short visual content to feed
consumers’ on-the-go consumption. Visual content gets shared more, gets
more engagement on social, communicates information more quickly and
easily than text (to the tune of 60,000 times faster than written words11), and is
worth more in SEO.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 10
7

TOO BIG TO IGNORE
Highlight
The U.S. economy is powered by Americans 50 years of age and older. They
control 77% of the country’s financial assets, 50% of all discretionary income
and stand to inherit $15 trillion in the next twenty years. By 2017, they’ll
represent 50% of the population. Baby boomers in particular, born between
1946 and 1964, spend more than any other age group on leisure and lifestyle
and personal care products. It’s also a demographic segment that will grow
some 22% over the next decade, while the 18-49 segment grows less than 5%.

FutureCast
Boomers, the consumers who’ve supported your brand for years, are still
valuable on all the dimensions that health, wellness and leisure marketers
value. Brands who know how to help them stay vibrant, connected to what
they care for most in life, and healthy inside and out will be the winners. Win
your fair share of their business by getting beyond the stereotypes that may be
substituting for hard data. They make no ecomonic sense and they’re holding
your business back. Net: figure out a way to maintain their loyalty or to win
them over before your competition does.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 11
8

HEALTH ON-THE-GO
Highlight
Growing concerns about health, together with development of technology,
have created a new consumer market for health on-the-go. To date, it includes
devices that intelligently track fitness activity via GPS or that track vital signs,
such as body weight, sleep patterns, heart rate and glucose levels. To date,
there are already 13,000 healthcare apps available in the App store.

FutureCast
With so many apps available, consumers, worried about safety, will likely seek
advice from their physicians. In turn, the medical profession can use this as
an opportunity to reduce costs, improve compliance, and monitor patients.
As these digital experiences become even more integrated into everyday life,
look for health plans and health providers to begin including these remote
monitors into their offerings.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 12
9

JUST FOR ME
Highlight
In 2013, nearly three-quarters of consumers claimed to want personalized
products and services, with personalization deemed to be the most influential
factor in determining value for their dollar.12 Personalizaton also enhances
perception and promotes higher brand loyalty, which in turn increases profit
margins. The rise of digital, social and mobile is directly tied to this growing
trend, as consumers know you have a wealth of data about them and expect
you to use it to customize to their preference and needs. For these consumers,
cookie-cutter approaches hold little interest.

FutureCast
The trend to satisfy the desire for personalized products must be tempered
with the fact that too much choice leads to dissatisfaction and can negatively
impact performance. Procter & Gamble, for example, saw sales of its Head &
Shoulders shampoo grow 10% when it reduced variations from 26 to 15.13 It’s a
delicate balance of offering consumers a high level of personalization, yet not
overwhelming them with unnecessary variety.

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 13
10

CUSTOMER EXPERIENCE
Highlight
Those organizations who not only satisfy, but surprise and delight across
the broad and multi-channel path-to-purchase will reap the reward of more
business. According to Zengage, consider that 40% of people began purchasing
from a competitive brand because of its reputation for great customer service,
while 82% stopped doing business with a company due to bad customer
service.

FutureCast
Given the high stakes, we look for more companies in 2014 to:

•	
•	

create roles like Chief Customer Officer and Chief Experience Officer
integrate mobile, tablet and social media community management into
overall experience management; along with moving customer experience
management beyond the exclusive purvue of the marketing department

•	

see the connection between employee engagement (and their ability to
make suggestions and provide feedback) and customer experience

In their book Outside In, Manning and Bodine believe that over the next decades,
literally every company will compete on the basis of customer experience. In fact,
they already do – most just don’t realize what that really means, what’s at stake, or
how to do it well.14

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 14
CREDITS
1. Havas Media
2. Mitch Joel, Harvard Business Review, 11/17/13
3. DELOITTE
4. Jim Stengel and Millward Brown Optimor
5. Edelman GOODPURPOSE Study
6. Hartman Group: Reimagining Health & Wellness, 2012.
7. Datamonitor
8. Ericcson Mobility Report, 2013
9. Simply Measured
10. Likeable Media, 2013
11. 3M Corporation
12. BDC: October, 2013
13. BDC: October, 2013
14. Outside In: Harley Manning, Kerry Bodine, 2012

NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 15
Read our blog: trajectory4brands.com/blog
Visit us online: trajectory4brands.com
Contact us: eb@trajectory4brands.com

20 Community Place • Morristown, NJ 07960 • 973.292.1400

Mais conteúdo relacionado

Mais procurados

The 2018 Marketing Playbook
The 2018 Marketing PlaybookThe 2018 Marketing Playbook
The 2018 Marketing PlaybookOgilvy Health
 
Cascadia Capital Food & Beverage Industry Perspectives Fall 2017
Cascadia Capital Food & Beverage Industry Perspectives Fall 2017Cascadia Capital Food & Beverage Industry Perspectives Fall 2017
Cascadia Capital Food & Beverage Industry Perspectives Fall 2017Cascadia Capital
 
19820 article text-28823-1-10-20200424
19820 article text-28823-1-10-2020042419820 article text-28823-1-10-20200424
19820 article text-28823-1-10-20200424waqasfarooq33
 
Capabilities and Insights
Capabilities and InsightsCapabilities and Insights
Capabilities and InsightsCara Buikema
 
OpenEnrollment_Whitepaper_11.10.15_FINAL
OpenEnrollment_Whitepaper_11.10.15_FINALOpenEnrollment_Whitepaper_11.10.15_FINAL
OpenEnrollment_Whitepaper_11.10.15_FINALDavid Magrini
 
Eyes Wide Open 2.0
Eyes Wide Open 2.0Eyes Wide Open 2.0
Eyes Wide Open 2.0Ogilvy
 
White five below_marketingplan
White five below_marketingplanWhite five below_marketingplan
White five below_marketingplanKaterraWhite
 
Patient Engagement: The Next Wave of Change in Healthcare IT
Patient Engagement: The Next Wave of Change in Healthcare ITPatient Engagement: The Next Wave of Change in Healthcare IT
Patient Engagement: The Next Wave of Change in Healthcare ITCascadia Capital
 
Reimagining marketing for the next normal.
Reimagining marketing for the next normal.Reimagining marketing for the next normal.
Reimagining marketing for the next normal.NishthaJain54
 
Beyond whitepaper-US
Beyond whitepaper-USBeyond whitepaper-US
Beyond whitepaper-USBeyond
 
People's Insights Volume 1, Issue 18 : Heineken Ideas Brewery
People's Insights Volume 1, Issue 18 : Heineken Ideas BreweryPeople's Insights Volume 1, Issue 18 : Heineken Ideas Brewery
People's Insights Volume 1, Issue 18 : Heineken Ideas BreweryMSL
 
Healthcare Product Innovation: How To Compete in a Shifting Space
Healthcare Product Innovation: How To Compete in a Shifting SpaceHealthcare Product Innovation: How To Compete in a Shifting Space
Healthcare Product Innovation: How To Compete in a Shifting SpaceBresslergroup
 
Mobile Trends in Pharma & Healthcare Advertising | Silverlight Digital
Mobile Trends in Pharma & Healthcare Advertising  | Silverlight Digital Mobile Trends in Pharma & Healthcare Advertising  | Silverlight Digital
Mobile Trends in Pharma & Healthcare Advertising | Silverlight Digital lorigo
 
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & BehaviorsACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & BehaviorsMedia Logic
 
EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...
EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...
EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...ey_insurance
 

Mais procurados (19)

The 2018 Marketing Playbook
The 2018 Marketing PlaybookThe 2018 Marketing Playbook
The 2018 Marketing Playbook
 
Cascadia Capital Food & Beverage Industry Perspectives Fall 2017
Cascadia Capital Food & Beverage Industry Perspectives Fall 2017Cascadia Capital Food & Beverage Industry Perspectives Fall 2017
Cascadia Capital Food & Beverage Industry Perspectives Fall 2017
 
19820 article text-28823-1-10-20200424
19820 article text-28823-1-10-2020042419820 article text-28823-1-10-20200424
19820 article text-28823-1-10-20200424
 
Responding to Changing Customer Needs During Covid-19
Responding to Changing Customer Needs During Covid-19Responding to Changing Customer Needs During Covid-19
Responding to Changing Customer Needs During Covid-19
 
Capabilities and Insights
Capabilities and InsightsCapabilities and Insights
Capabilities and Insights
 
OpenEnrollment_Whitepaper_11.10.15_FINAL
OpenEnrollment_Whitepaper_11.10.15_FINALOpenEnrollment_Whitepaper_11.10.15_FINAL
OpenEnrollment_Whitepaper_11.10.15_FINAL
 
WE Stories in Motion
WE Stories in MotionWE Stories in Motion
WE Stories in Motion
 
Eyes Wide Open 2.0
Eyes Wide Open 2.0Eyes Wide Open 2.0
Eyes Wide Open 2.0
 
White five below_marketingplan
White five below_marketingplanWhite five below_marketingplan
White five below_marketingplan
 
Patient Engagement: The Next Wave of Change in Healthcare IT
Patient Engagement: The Next Wave of Change in Healthcare ITPatient Engagement: The Next Wave of Change in Healthcare IT
Patient Engagement: The Next Wave of Change in Healthcare IT
 
It's Not You, It's Me.
It's Not You, It's Me. It's Not You, It's Me.
It's Not You, It's Me.
 
Reimagining marketing for the next normal.
Reimagining marketing for the next normal.Reimagining marketing for the next normal.
Reimagining marketing for the next normal.
 
Beyond whitepaper-US
Beyond whitepaper-USBeyond whitepaper-US
Beyond whitepaper-US
 
People's Insights Volume 1, Issue 18 : Heineken Ideas Brewery
People's Insights Volume 1, Issue 18 : Heineken Ideas BreweryPeople's Insights Volume 1, Issue 18 : Heineken Ideas Brewery
People's Insights Volume 1, Issue 18 : Heineken Ideas Brewery
 
Social Media Planning for Hospitals
Social Media Planning for HospitalsSocial Media Planning for Hospitals
Social Media Planning for Hospitals
 
Healthcare Product Innovation: How To Compete in a Shifting Space
Healthcare Product Innovation: How To Compete in a Shifting SpaceHealthcare Product Innovation: How To Compete in a Shifting Space
Healthcare Product Innovation: How To Compete in a Shifting Space
 
Mobile Trends in Pharma & Healthcare Advertising | Silverlight Digital
Mobile Trends in Pharma & Healthcare Advertising  | Silverlight Digital Mobile Trends in Pharma & Healthcare Advertising  | Silverlight Digital
Mobile Trends in Pharma & Healthcare Advertising | Silverlight Digital
 
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & BehaviorsACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
ACA Year 3: Evolving Consumer Shopping Attitudes & Behaviors
 
EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...
EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...
EY: Welcome to the ConsumerCustomer centricity - How Insurers Can Heed the Vo...
 

Semelhante a Trajectory NOW & NEXT: Ten consumer trends that will impact all marketers, and in particular, health and wellness marketers in 2014

Mintel Global Consumer Trends 2023
Mintel Global Consumer Trends 2023Mintel Global Consumer Trends 2023
Mintel Global Consumer Trends 2023Poppy Rodham
 
Why Empathy-Driven Marketing Works in a Changing Healthcare Marketplace
Why Empathy-Driven Marketing Works in a Changing Healthcare MarketplaceWhy Empathy-Driven Marketing Works in a Changing Healthcare Marketplace
Why Empathy-Driven Marketing Works in a Changing Healthcare MarketplaceBrandSquare
 
Leading the Customer Experience in Healthcare and Life Science
Leading the Customer Experience in Healthcare and Life ScienceLeading the Customer Experience in Healthcare and Life Science
Leading the Customer Experience in Healthcare and Life ScienceJennifer Simon
 
Making purpose pay: inspiring sustainable living by Unilever
Making purpose pay: inspiring sustainable living by UnileverMaking purpose pay: inspiring sustainable living by Unilever
Making purpose pay: inspiring sustainable living by UnileverAntonio Nunez Lopez
 
Reflective Analysis Marketing Assignment
Reflective Analysis Marketing AssignmentReflective Analysis Marketing Assignment
Reflective Analysis Marketing AssignmentTotal Assignment Help
 
Three Things That Will Shape Your Campaigns in 2016
Three Things That Will Shape Your Campaigns in 2016 Three Things That Will Shape Your Campaigns in 2016
Three Things That Will Shape Your Campaigns in 2016 Trend Bible
 
Business Transformation Through Greater Customer Centricity : The Power of S...
Business Transformation Through Greater Customer Centricity: The Power of S...Business Transformation Through Greater Customer Centricity: The Power of S...
Business Transformation Through Greater Customer Centricity : The Power of S...Erich Joachimsthaler, Ph.D.
 
Navigating Your Brand Through Covid-19
Navigating Your Brand Through Covid-19Navigating Your Brand Through Covid-19
Navigating Your Brand Through Covid-19Digital Surgeons
 
Impact of celebarty endoresement on brand loyalty in selected bevareges produ...
Impact of celebarty endoresement on brand loyalty in selected bevareges produ...Impact of celebarty endoresement on brand loyalty in selected bevareges produ...
Impact of celebarty endoresement on brand loyalty in selected bevareges produ...Bhavik Parmar
 
Changing Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | AccentureChanging Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | Accentureaccenture
 
Cronin 2022 Trends March 2022
Cronin 2022 Trends March 2022Cronin 2022 Trends March 2022
Cronin 2022 Trends March 2022MiaWalters1
 
Pharmaceutical Marketing in a .Me World
Pharmaceutical Marketing in a .Me WorldPharmaceutical Marketing in a .Me World
Pharmaceutical Marketing in a .Me WorldEpsilon Healthcare
 
Changing Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | AccentureChanging Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | Accentureaccenture
 
Inbound marketing influencer_marketing qube
Inbound marketing influencer_marketing qubeInbound marketing influencer_marketing qube
Inbound marketing influencer_marketing qubeHarsha MV
 
Brands Need to Adjust to a Quarantine State of Mind
Brands Need to Adjust to a Quarantine State of MindBrands Need to Adjust to a Quarantine State of Mind
Brands Need to Adjust to a Quarantine State of MindBennat Berger
 
Barkley Seven Cause Marketing Rules
Barkley Seven Cause Marketing RulesBarkley Seven Cause Marketing Rules
Barkley Seven Cause Marketing RulesJeff Fromm
 
Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty Sallie Burnett
 
2015 Healthcare Marketing Trends
2015 Healthcare Marketing Trends2015 Healthcare Marketing Trends
2015 Healthcare Marketing TrendsSmith & Jones
 

Semelhante a Trajectory NOW & NEXT: Ten consumer trends that will impact all marketers, and in particular, health and wellness marketers in 2014 (20)

Mintel Global Consumer Trends 2023
Mintel Global Consumer Trends 2023Mintel Global Consumer Trends 2023
Mintel Global Consumer Trends 2023
 
Why Empathy-Driven Marketing Works in a Changing Healthcare Marketplace
Why Empathy-Driven Marketing Works in a Changing Healthcare MarketplaceWhy Empathy-Driven Marketing Works in a Changing Healthcare Marketplace
Why Empathy-Driven Marketing Works in a Changing Healthcare Marketplace
 
Leading the Customer Experience in Healthcare and Life Science
Leading the Customer Experience in Healthcare and Life ScienceLeading the Customer Experience in Healthcare and Life Science
Leading the Customer Experience in Healthcare and Life Science
 
Making purpose pay: inspiring sustainable living by Unilever
Making purpose pay: inspiring sustainable living by UnileverMaking purpose pay: inspiring sustainable living by Unilever
Making purpose pay: inspiring sustainable living by Unilever
 
Insurance As A Living Business
Insurance As A Living BusinessInsurance As A Living Business
Insurance As A Living Business
 
Reflective Analysis Marketing Assignment
Reflective Analysis Marketing AssignmentReflective Analysis Marketing Assignment
Reflective Analysis Marketing Assignment
 
Three Things That Will Shape Your Campaigns in 2016
Three Things That Will Shape Your Campaigns in 2016 Three Things That Will Shape Your Campaigns in 2016
Three Things That Will Shape Your Campaigns in 2016
 
2018 Consumer Trends Preview
2018 Consumer Trends Preview2018 Consumer Trends Preview
2018 Consumer Trends Preview
 
Business Transformation Through Greater Customer Centricity : The Power of S...
Business Transformation Through Greater Customer Centricity: The Power of S...Business Transformation Through Greater Customer Centricity: The Power of S...
Business Transformation Through Greater Customer Centricity : The Power of S...
 
Navigating Your Brand Through Covid-19
Navigating Your Brand Through Covid-19Navigating Your Brand Through Covid-19
Navigating Your Brand Through Covid-19
 
Impact of celebarty endoresement on brand loyalty in selected bevareges produ...
Impact of celebarty endoresement on brand loyalty in selected bevareges produ...Impact of celebarty endoresement on brand loyalty in selected bevareges produ...
Impact of celebarty endoresement on brand loyalty in selected bevareges produ...
 
Changing Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | AccentureChanging Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | Accenture
 
Cronin 2022 Trends March 2022
Cronin 2022 Trends March 2022Cronin 2022 Trends March 2022
Cronin 2022 Trends March 2022
 
Pharmaceutical Marketing in a .Me World
Pharmaceutical Marketing in a .Me WorldPharmaceutical Marketing in a .Me World
Pharmaceutical Marketing in a .Me World
 
Changing Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | AccentureChanging Consumer Motivations & Expectations | Accenture
Changing Consumer Motivations & Expectations | Accenture
 
Inbound marketing influencer_marketing qube
Inbound marketing influencer_marketing qubeInbound marketing influencer_marketing qube
Inbound marketing influencer_marketing qube
 
Brands Need to Adjust to a Quarantine State of Mind
Brands Need to Adjust to a Quarantine State of MindBrands Need to Adjust to a Quarantine State of Mind
Brands Need to Adjust to a Quarantine State of Mind
 
Barkley Seven Cause Marketing Rules
Barkley Seven Cause Marketing RulesBarkley Seven Cause Marketing Rules
Barkley Seven Cause Marketing Rules
 
Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty Patient Loyalty: What it Takes to Earn Their Loyalty
Patient Loyalty: What it Takes to Earn Their Loyalty
 
2015 Healthcare Marketing Trends
2015 Healthcare Marketing Trends2015 Healthcare Marketing Trends
2015 Healthcare Marketing Trends
 

Mais de Eric Brody

Better Health System & Hospital Branding
Better Health System & Hospital BrandingBetter Health System & Hospital Branding
Better Health System & Hospital BrandingEric Brody
 
New York Yankees: Business Development Division Presentation
New York Yankees: Business Development Division PresentationNew York Yankees: Business Development Division Presentation
New York Yankees: Business Development Division PresentationEric Brody
 
Trajectory branding and marketing agency: healthcare rebranding & marketing c...
Trajectory branding and marketing agency: healthcare rebranding & marketing c...Trajectory branding and marketing agency: healthcare rebranding & marketing c...
Trajectory branding and marketing agency: healthcare rebranding & marketing c...Eric Brody
 
Trajectory branding and marketing agency: welcome to the new world order
Trajectory branding and marketing agency: welcome to the new world orderTrajectory branding and marketing agency: welcome to the new world order
Trajectory branding and marketing agency: welcome to the new world orderEric Brody
 
Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...Eric Brody
 
Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...
Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...
Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...Eric Brody
 
Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...
Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...
Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...Eric Brody
 
Create More Value Through Your Healthcare Social Media Program: 10 Important ...
Create More Value Through Your Healthcare Social Media Program: 10 Important ...Create More Value Through Your Healthcare Social Media Program: 10 Important ...
Create More Value Through Your Healthcare Social Media Program: 10 Important ...Eric Brody
 

Mais de Eric Brody (8)

Better Health System & Hospital Branding
Better Health System & Hospital BrandingBetter Health System & Hospital Branding
Better Health System & Hospital Branding
 
New York Yankees: Business Development Division Presentation
New York Yankees: Business Development Division PresentationNew York Yankees: Business Development Division Presentation
New York Yankees: Business Development Division Presentation
 
Trajectory branding and marketing agency: healthcare rebranding & marketing c...
Trajectory branding and marketing agency: healthcare rebranding & marketing c...Trajectory branding and marketing agency: healthcare rebranding & marketing c...
Trajectory branding and marketing agency: healthcare rebranding & marketing c...
 
Trajectory branding and marketing agency: welcome to the new world order
Trajectory branding and marketing agency: welcome to the new world orderTrajectory branding and marketing agency: welcome to the new world order
Trajectory branding and marketing agency: welcome to the new world order
 
Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...Trajectory branding and marketing agency: healthcare marketing case study for...
Trajectory branding and marketing agency: healthcare marketing case study for...
 
Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...
Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...
Trajectory branding and marketing agency: 38 "sparks" for creating new brand ...
 
Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...
Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...
Entering The Blogosphere: The Nucleus Of Your Healthcare Social Media Strateg...
 
Create More Value Through Your Healthcare Social Media Program: 10 Important ...
Create More Value Through Your Healthcare Social Media Program: 10 Important ...Create More Value Through Your Healthcare Social Media Program: 10 Important ...
Create More Value Through Your Healthcare Social Media Program: 10 Important ...
 

Último

Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMagdalena Kulisz
 
Exploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdfExploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdfolivalibereo
 
SEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessSEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessLiv Day
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...VereigenMedia1
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigiKarishma
 
8 distribution in rural mkts.ppt Rural Marketing
8 distribution in rural mkts.ppt Rural Marketing8 distribution in rural mkts.ppt Rural Marketing
8 distribution in rural mkts.ppt Rural Marketingpshirsat
 
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...Associazione Digital Days
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar CManojkumar C
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMsearchextensionin
 
AMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo EvangelistaAMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo Evangelistacrevangelista
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckOban International
 
History of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdfHistory of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdfwilliam charnock
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingDaniel
 
Ryanair Marketing and business development Plan
Ryanair Marketing and business development  PlanRyanair Marketing and business development  Plan
Ryanair Marketing and business development Plandrkarimsaber
 
Navigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessNavigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessElizabeth Moore
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainBanyanbrain
 
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...Associazione Digital Days
 
Paul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdfPaul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdfpaul8402
 
Gen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfGen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfMedia Logic
 
2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisitionJohn Koetsier
 

Último (20)

Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdf
 
Exploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdfExploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdf
 
SEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessSEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise Success
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G Age
 
8 distribution in rural mkts.ppt Rural Marketing
8 distribution in rural mkts.ppt Rural Marketing8 distribution in rural mkts.ppt Rural Marketing
8 distribution in rural mkts.ppt Rural Marketing
 
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar C
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMM
 
AMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo EvangelistaAMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo Evangelista
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
 
History of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdfHistory of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdf
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate Marketing
 
Ryanair Marketing and business development Plan
Ryanair Marketing and business development  PlanRyanair Marketing and business development  Plan
Ryanair Marketing and business development Plan
 
Navigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessNavigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for Success
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | Banyanbrain
 
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
 
Paul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdfPaul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdf
 
Gen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfGen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdf
 
2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition
 

Trajectory NOW & NEXT: Ten consumer trends that will impact all marketers, and in particular, health and wellness marketers in 2014

  • 1. NOW & NEXT Ten Consumer Trends That Will Shape 2014 Winter/Spring 2014
  • 2. A semi-annual report highlighting ten trends which we believe will have a lasting impact on how consumers will be interacting with brands, specifically designed to help health and wellness clients to: • PURPOSE better understand their consumer landscape • stay current with consumers’ changing needs, • adjust their marketing plans as appropriate • seize new opportunities to grow business desires and behaviors NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 2
  • 3. Explore… existing consumer research, category-specific research, industry reports Pinpoint… ten important trends that we think will significantly impact our clients’ businesses APPROACH Highlight… what’s currently happening, and why FutureCast… what we think it means for clients NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 3
  • 4. 1. DO SOMETHING 2. POWER OF PURPOSE 3. MAINSTREAM HEALTH 4. MOBILE LIFE TRENDS 5. NO MORE DATA 6. VISUALS RULE 7. TOO BIG TO IGNORE 8. HEALTH ON-THE-GO 9. JUST FOR ME 10. CUSTOMER EXPERIENCE NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 4
  • 5. 1 DO SOMETHING Highlight The adage, “actions speak louder than words,” has never rung more true. For too long, brands have raised expectations as a result of their promises and haven’t delivered. From now on, do what you say or it’s game over. Consider the findings from this 2013 Arena Media study which statistically demonstrates that “meaningful brands” outperform the stock market by 120%. And the sad truth that the majority of people don’t care if over 73% of brands ceased to exist.1 FutureCast The new way to win hearts and minds – and to forge deeper connections with consumers – is to provide true utility by creating marketing that in and of itself, enhances lives in real and fulfilling ways. Mitch Joel at Harvard Business Review refers to it as Utilitarian marketing.2 The recipe calls for looking beyond messaging, making promises and generating transactions by treating customers the way we’d treat ourselves – focusing on what matters most. The equation is a simple one: more customer value equals more business value equals more shareholder value. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 5
  • 6. 2 POWER OF PURPOSE Highlight The most successful brands and businesses are aligned around a higher purpose. Beyond the narrow confines of a business mission statement, purpose makes clear the organization’s inspirational reason for being – why the brand exists and the impact it seeks to make for customers and in the world. Consider the findings from these studies: • 92% of millennials believe business success should be measured by • “ideals-driven” businesses are more profitable than those that just think • something more than profits.3 about the bottom line.4 purpose is a definitive purchase trigger as consumers will praise and punish companies based on their active support of a good cause.5 FutureCast Purpose-driven brands will be the ones that consumers vote for with their wallets. But to gain consumer trust, companies must clearly communicate tangible, measurable actions they have taken, and the results. Look for more companies to recommit to a core set of values like those of Zappos, Whole Foods and Chipotle; and health-focused consumer brands to move away from functional benefits to more aspirational higher-order benefits. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 6
  • 7. 3 MAINSTREAM HEALTH Highlight Health concerns are on the rise across the board. As a result, today’s consumers approach health and wellness holistically, as an increasing number integrate more proactive/preventative vs. reactive practices into their daily lives.6 Following this, they’re looking for products and services to help them maintain and improve their whole health – physically, mentally and socially. Consumers are also more aware of the role that nutrition plays in their whole health, and are increasingly looking for more of the good stuff (e.g. “juicing”, gluten free, organic, vegan, etc.).7 FutureCast More and more, businesses that provide new solutions or adapt their products and services to meet the public’s desire for a healthier lifestyle are poised to reap significant rewards. Growth of the health and wellness market is also good news for companies that design, manufacture or sell innovative devices or services to monitor vital signs or fitness. And as consumers increasingly look to self-service technologies and channels, the entire healthcare industry has a tremendous opportuity to reach, engage and interact with today’s empowered consumer. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 7
  • 8. 4 MOBILE LIFE Highlight We look to our mobile devices to maximize every moment – relentlessly accessing always and everywhere. No longer merely pieces of equipment, they’re the means through which we interact with the world around us – snapping, shopping, scanning, comparing, videoing, looking up, paying. A megatrend of huge proportions, smartphone subscriptions will grow to 3.3 billion by 2018 from one billion in 2012.8 Their indispensability is underscored by this survey from Harris Interactive, which found that 63% of female respondents and 73% of male respondents don’t go an hour without checking their phone. FutureCast In 2014, organizations will need to step back and determine how they are going to meet the challenge of this life-changing trend. How to adapt strategies and delivery mechanisms, content and flow of communications to match the multi-tasking, experience cramming, mobile-loving consumers who are seemingly one with their mobile devices. Once strategies are in place, look for consumers, health and wellness businesses and healthcare providers to turn to mobile and digital communities to connect, learn and engage – opening up tremendous opportunities across the entire health ecosystem. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 8
  • 9. 5 DATA NO MORE Highlight In 2013, we saw numerous brands including Target, Facebook and Yahoo suffering ‘privacy breaches’ that revealed customers’ information, as well as the leaked actions of a government agency. It’s no longer just a paranoid minority, but a vast majority of consumers, who are concerned about the 82% OF GLOBAL CONSUMERS BELIEVE THAT COMPANIES COLLECT TOO MUCH INFORMATION ON CONSUMERS. Adobe, June 2013. amount of data made available every time we use our mobile devices, particularly as it relates to personal, medical and financial data. FutureCast In 2014, consumers will gravitate to brands that offer brilliant service, while also publicly abstaining from the collection of their personal data. The challenge for businesses will be finding a balance between the very real benefits of data collection and utilization (recommendations, cross-selling, personalization, enhanced ad revenue and more), and earning the trust of increasingly HACKED OFF consumers. At a minimum, brands will need to adhere to the 4 C’s of mobile marketing: • Control (helping consumers understand what will happen to their data) • Choice (giving them the option of what data to share and what to withhold) • Compensation (giving them something in exchange for their data) and • Commitment (keeping consumers’ data totally secure) NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 9
  • 10. 6 VISUALS RULE Highlight The most compelling content is increasingly visual. Visual content also enhances your brand and dramatically increases user engagment and ROI. Consider that on Facebook, videos are shared 12x more than links and text posts combined; and photos are liked 2x more than text updates.9 With 40 million photos uploaded daily and 90 million monthly active users, Instagram is the fastest growing web property on the planet.10 Considering these statistics, it’s not surprising that businesses are jumping on the visual bandwagon. FutureCast In 2014, look for more of your competitors to use short visual content to feed consumers’ on-the-go consumption. Visual content gets shared more, gets more engagement on social, communicates information more quickly and easily than text (to the tune of 60,000 times faster than written words11), and is worth more in SEO. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 10
  • 11. 7 TOO BIG TO IGNORE Highlight The U.S. economy is powered by Americans 50 years of age and older. They control 77% of the country’s financial assets, 50% of all discretionary income and stand to inherit $15 trillion in the next twenty years. By 2017, they’ll represent 50% of the population. Baby boomers in particular, born between 1946 and 1964, spend more than any other age group on leisure and lifestyle and personal care products. It’s also a demographic segment that will grow some 22% over the next decade, while the 18-49 segment grows less than 5%. FutureCast Boomers, the consumers who’ve supported your brand for years, are still valuable on all the dimensions that health, wellness and leisure marketers value. Brands who know how to help them stay vibrant, connected to what they care for most in life, and healthy inside and out will be the winners. Win your fair share of their business by getting beyond the stereotypes that may be substituting for hard data. They make no ecomonic sense and they’re holding your business back. Net: figure out a way to maintain their loyalty or to win them over before your competition does. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 11
  • 12. 8 HEALTH ON-THE-GO Highlight Growing concerns about health, together with development of technology, have created a new consumer market for health on-the-go. To date, it includes devices that intelligently track fitness activity via GPS or that track vital signs, such as body weight, sleep patterns, heart rate and glucose levels. To date, there are already 13,000 healthcare apps available in the App store. FutureCast With so many apps available, consumers, worried about safety, will likely seek advice from their physicians. In turn, the medical profession can use this as an opportunity to reduce costs, improve compliance, and monitor patients. As these digital experiences become even more integrated into everyday life, look for health plans and health providers to begin including these remote monitors into their offerings. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 12
  • 13. 9 JUST FOR ME Highlight In 2013, nearly three-quarters of consumers claimed to want personalized products and services, with personalization deemed to be the most influential factor in determining value for their dollar.12 Personalizaton also enhances perception and promotes higher brand loyalty, which in turn increases profit margins. The rise of digital, social and mobile is directly tied to this growing trend, as consumers know you have a wealth of data about them and expect you to use it to customize to their preference and needs. For these consumers, cookie-cutter approaches hold little interest. FutureCast The trend to satisfy the desire for personalized products must be tempered with the fact that too much choice leads to dissatisfaction and can negatively impact performance. Procter & Gamble, for example, saw sales of its Head & Shoulders shampoo grow 10% when it reduced variations from 26 to 15.13 It’s a delicate balance of offering consumers a high level of personalization, yet not overwhelming them with unnecessary variety. NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 13
  • 14. 10 CUSTOMER EXPERIENCE Highlight Those organizations who not only satisfy, but surprise and delight across the broad and multi-channel path-to-purchase will reap the reward of more business. According to Zengage, consider that 40% of people began purchasing from a competitive brand because of its reputation for great customer service, while 82% stopped doing business with a company due to bad customer service. FutureCast Given the high stakes, we look for more companies in 2014 to: • • create roles like Chief Customer Officer and Chief Experience Officer integrate mobile, tablet and social media community management into overall experience management; along with moving customer experience management beyond the exclusive purvue of the marketing department • see the connection between employee engagement (and their ability to make suggestions and provide feedback) and customer experience In their book Outside In, Manning and Bodine believe that over the next decades, literally every company will compete on the basis of customer experience. In fact, they already do – most just don’t realize what that really means, what’s at stake, or how to do it well.14 NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 14
  • 15. CREDITS 1. Havas Media 2. Mitch Joel, Harvard Business Review, 11/17/13 3. DELOITTE 4. Jim Stengel and Millward Brown Optimor 5. Edelman GOODPURPOSE Study 6. Hartman Group: Reimagining Health & Wellness, 2012. 7. Datamonitor 8. Ericcson Mobility Report, 2013 9. Simply Measured 10. Likeable Media, 2013 11. 3M Corporation 12. BDC: October, 2013 13. BDC: October, 2013 14. Outside In: Harley Manning, Kerry Bodine, 2012 NOW & NEXT: TEN CONSUMER TRENDS THAT WILL SHAPE 2014 | P 15
  • 16. Read our blog: trajectory4brands.com/blog Visit us online: trajectory4brands.com Contact us: eb@trajectory4brands.com 20 Community Place • Morristown, NJ 07960 • 973.292.1400