Inflation - Retailers Strategies and Consumers Attitudes and Behaviour

Inflation - Retailers Strategies and Consumers Attitudes and Behaviour

Summary

Another factor that is overlooked is climate change. Droughts and floods were already impacting harvests of major commodities as we entered 2022 and this will continue to impact food commodities.

Lowest income families will be hardest hit, with little, if anything, left for discretionary spending - higher income families will be using COVID savings to support spending.

Non-food sectors, and particularly big ticket products, will suffer, with volumes falling.

There are opportunities for retailers to support consumers by tailoring products and services to needs and budgets

Synopsis

• Inflation, and the disruption it is causing worldwide, is the key issue for retailers in 2022. 
• This brief examines what is causing it, where its greatest impacts are, what it will mean for consumer behaviour, and what retailers can do to mitigate the damage it causes.
• It analyzes the causes and the global impact and then hones in on the UK consumer as an example of the general retail impact and explains the strategies available for retailers to accommodate a completely different trading environment.

• Discover the strategies retailers can use to manage costs and margins
• How will different sectors be impacted by the changing economic environment
• The UK spend scenario shows that Q4 will be the most challenging quarter as inflation hits demand the hardest

• Understand not only what is driving inflation globally but how consumers will adjust their behaviour using examples from our exclusive consumer surveys and trackers
• Use our market forecasts and analysis to devise new, successful trading strategies.