Conny Braams said: “We’ve been blessed with a couple of decades of relatively stable global systems. We’re now moving to a world where turbulence is likely to be the norm for the next few years. As marketers, we need to zoom in on how these changes affect the way people live, shop and play. Here’s what I think is really standing out.”
Consumers are changing
“Across every generation, people are moving away from traditional life blueprints and markers of success.
Single households are on the rise. Fewer people are having children. We’re seeing a huge increase in people aged 60+.
However, we don’t see this reflected in ads. Only 6% of global ads feature characters over the age of 65.
This is a huge opportunity. We know unstereotypical and progressive ads are more distinctive and deliver better brand power.”
Shopping is changing
“42% of Gen Z prefer to shop pre-loved. Are we considering the thrift economy, refill, reuse, and are we shifting fast enough?”
Entertainment is changing
“The gaming industry is now worth more than the entire global movie and music industries combined. Younger generations are socialising and forming communities via gaming. And it’s not just the younger generation… the average age of a gamer is 35.
Entertainment is becoming shopping. Services such as Netflix or Amazon Prime are becoming media channels – and soon to be commerce channels where people will be able to ‘shop what you watch’.”
Technology is changing
“We’re only just scratching the surface of the next big transformation thanks to generative AI. We’re on the cliff edge of a discontinuity that will be bigger and faster than ever. So fast that our brains will find it hard to keep up.”