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Changing Purchasing behaviour
As per Capgemini Research report, ‘What Matters to Today’s Consumer,’ reveals the impact of an increased cost-of-living on consumer spending habits and preferences. The report indicates that while retail organizations continue to navigate disruptions there is a need to transform operations to meet changing consumer expectations of affordable products and pass on cost benefits to customers.
Most consumers (61%) are concerned about their financial situation and nearly three-quarters of consumers are cutting back on non-essential purchases during tough times and the purchasing behaviours are also changing. From its survey of 11,300 consumers in 11 countries, the report found that nearly three-quarters (73%) of consumers are making fewer impulse purchases, while 69% are cutting back on non-essential expenses such as electronics, toys, and dining out, as well as delaying the purchase of luxury items. Saving money is top of mind for many people, with 64% of consumers buying products from hypermarkets and discount stores and 65% buying cheaper private-label or low-cost brands.
There’s an opportunity for retail businesses to dramatically reimagine their operational strategy in order to weather this storm and pass on price benefits to consumers. By identifying new revenue streams, creating new markets, transforming operations, and optimizing costs, businesses can succeed without compromising on sustainability or overall customer experience and “Harnessing technology for intelligent demand planning, inventory management and automated operations can not only help reduce costs and maintain margins, but also yield sustainability benefits for organizations.”
Going forward, Retailers are going to rethink operational strategy for cost reductions, sustainability, and experience. The report also suggests that by leveraging the power of social media influencers and expanding into newer channels to reach customers, brands can unlock new revenue streams and grBy VARINDIA | 17 views
The Mad Hatter - EPIC Hat Juggling!
Watch The Mad Hatter - EPIC Hat Juggling!
By Sagar Nair | 382 views
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Shimla | Drinking Water crisis |
These days, due to increasing heat and drought, people in Shimla are facing water shortage. In many areas, water is arriving after four to five weeks and in some areas, it takes four to five weeks. In such a situation, people now have to meet their water needs by reaching stepwells and hand pumps. Of these two, 31 to 33 MLD of water is reaching Shimla city which requires 40 to 45 MLD. The water in the water sources has reached its lowest level, so now only rain is expected to rain soon so that the water requirement of the city can be met. Regarding the water crisis arising in Shimla, Municipal Corporation Shimla Mayor Surendra Chauhan says that along with developing water harvesting system in Shimla, there is a need to separate drinking and used water so that in future there is a need for water in Shimla. Necessities can be arranged.
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#Shimla #Drinkingwater#Water #SurendraChauhanMayor #Risingheat #MayorShimla #Himachal #himachalabhiabhi #analpatrwal
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Shimla | Drinking Water crisis |By Himachal Abhi Abhi | 226 views
Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.By Bharatiya Janata Party Delhi | 74316 views
Ishq Vishk Rebound Star Cast Interview | K3G, Shahrukh Khan, Hrithik Roshan, Shahid Kapoor Cameo
Ishq Vishk Rebound Star Cast Interview | K3G, Shahrukh Khan, Hrithik Roshan, Shahid Kapoor Cameo - Rohit Saraf, Pashmina Roshan, Jibraan Khan - RJ Divya Solgama
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Ishq Vishk Rebound Star Cast Interview | K3G, Shahrukh Khan, Hrithik Roshan, Shahid Kapoor CameoBy Bollywood Spy | 223 views
Haryana News: CM Nayab Saini का Congress पर तीखी टिप्पणी, कहा 4-5 साल में इनका सूपड़ा साफ हो जाएगा।
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हरियाणा के मुख्यमंत्री नायब सैनी ने कांग्रेस पर जमकर हमला बोला है.. उन्होंने कहा कि कांग्रेस की नींव ही झूठ पर खड़ी है...साथ ही कहा कि 4-5 साल में कांग्रेस का सूपड़ा साफ हो जाएगा।
Haryana News: CM Nayab Saini का Congress पर तीखी टिप्पणी, कहा- अब 4-5 साल में इनका सूपड़ा साफ हो जाएगा | BJP
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Follow us on InstBy Khabar Fast | 162 views
Ayesha Khan Shoots For A Song In South | Video Goes Viral
Ayesha Khan Shoots For A Song In South | Video Goes Viral
#ayeshakhan
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Ayesha Khan Shoots For A Song In South | Video Goes ViralBy Bollywood Spy | 190 views
Exclusive Video | Unveiling the Cricket Journey of Zimbabwean Star Christopher Mpofu
Dive into the remarkable journey of Christopher Mpofu, the cricket sensation from Zimbabwe whose career has been a testament to resilience, determination, and unwavering passion for the sport.
In this exclusive video, we bring you never-before-seen footage, interviews, and insights into Mpofu's rise to prominence, his memorable performances on the field, and the challenges he overcame along the way.
From his early days honing his skills on the dusty pitches of Bulawayo to representing his nation on the international stage, Mpofu's story is one of inspiration and triumph against all odds.
Join us as we celebrate the legacy of this cricketing icon and explore the defining moments that have shaped his illustrious career.
Exclusive Video | Unveiling the Cricket Journey of Zimbabwean Star Christopher MpofuBy CricTracker | 202 views
Robotic Process Automation is transforming businesses across the world
Robotic Process Automation enables users to create software robots, or #Bots, that can observe, mimic & execute repetitive, time consuming #Digital #business processes by studying human actions.
Watch the video to know how RPA is transforming #businesses.
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Robotic Process Automation is transforming businesses across the worldBy CII | 208081 views
Chandu Champion Movie Box Office Collection And Lifetime Earning Expectations By Autowale Uncle
Chandu Champion Movie Box Office Collection And Lifetime Earning Expectations By Autowale UncleBy Bollywood Crazies | 215 views