The pandemic may be mitigated thanks to public health measures like vaccines, inflation may be on the wane and supply chain woes may be easing somewhat. But 2023 is nevertheless set to be defined by uncertainty, according to Michelle Evans, Euromonitor International global lead of retail and digital consumer insights.
The firm released a report on the top 10 global consumer trends, a few of which will especially impact retail, Evans said, speaking at the National Retail Federation’s major industry conference last week.
“The number one was the evolving economic landscape,” she said. “A close second was the ever-evolving, shifting consumer priorities. I do think those two as well as technological advances are probably the most dynamic drivers in place today when we think about consumer trends.”
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.
