Brand initiatives target global problems with local solutions
Implications - As consumers become increasingly interested in championing their values through purchasing decisions, many brands are emerging with localized initiatives that echo global concerns. Whether as a partnership or dedicated division within a brand, such programs often serve to fund public services struggling to find traditional methods of financing. Highlighting the awareness among consumers regarding the impact of their purchases, this shift speaks to the need for brands to evolve in order to satisfy the community-driven values of modern consumers.
Workshop Question - How can you create a sense of community around your brand messaging?
Trend Themes
1. Hyperlocalization - Localized initiatives that echo global concerns are becoming popular among modern consumers.
2. Social Responsibility - Consumers are now interested in purchasing products from brands that contribute to social responsibility and community-driven values.
3. Data-driven Transit - Integration of data into transit systems is becoming trendy among automakers and urban planners alike.
Industry Implications
1. Food and Hospitality - Brands like IKEA and Instock Restaurant are transforming consumption experiences with innovative food initiatives.
2. Transportation and Automotive - Automakers are embracing new linkages between data, sharing economies, and transportation.
3. Retail and Consumer Goods - Large retailers, such as IKEA, seek to redefine their role in the lives of consumers and adapt to community-driven values.
