Six Factors Driving Consumers' Quest For Convenience

FMCG and Retail | 16-08-2018

Hyperconnectivity and busy lifestyles are influencing buying decisions of global consumers. Global consumers want convenience at every stage of shopping and brand engagement with products and services. However, convenience means different things to different consumers, and it’s increasingly important for fast-moving consumer goods (FMCG) companies to understand the regional and global trends centered around the need for convenience. There are six key factors driving consumers toward convenience and by understanding them, companies can adapt and enhance their solutions as consumer needs rapidly evolve.

Rapid urbanisation and changes in households are also influencing buying decisions of global consumers. By 2025, 53% of the Asia-Pacific region’s population will be living in urban areas - that’s 374 million more people than today. Meanwhile, the household size is shrinking in many countries of this region, therefore, it’s not surprising that over a quarter of consumers in Asia-Pacific say they seek out products which make life easier (27%) and convenient to use (27%), while around one in five consumers are looking for products suitable for small households (21%) and tailored to a specific need (22%).

Circumstances, culture, location, market maturity and technology are key influences that are driving the need for FMCG companies toward convenience solutions tailored to cater to different segments of society and geographical areas. Since consumers don’t articulate convenience directly, FMCG companies can get insights from consumer activities during their start-to-finish experience with products and solutions. FMCG companies need to adapt ‘convenience’ at the centre of their offering so that they can address consumers with better products and solutions and remain ahead of the curve.

Please click the links below for related content:

  1. Read our insight article to explore what consumers mean when they seek convenience in their online, retail and home environment
  2. Download the Quest For Convenience report
  3. Watch the Quest For Convenience webinar playback
  4. Click the photo below to download the pdf version of our infographic
 

HOW CAN NIELSEN HELP?

Contact your local Nielsen representative to discover how we embed convenience thinking in:

  • Product range, assortment and category management
  • Retail format, loyalty data and e-commerce
  • In-store execution and 'Golden Stores'
  • Product design and innovation
  • Promotional effectiveness and more

 

Tagged:  CONSUMER  |  SHOPPER  |  CPG AND RETAIL  |  GLOBAL

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