Article Review by Clare Treston
in the Weekend Australian, 3-4 Jan 2009, by Penny Wark
What does 2009 have in store? In this article, Richard Watson, advisor on future trends, makes 10 predictions of behavioural change due an economically slow 2009:
1) Eco-Cynics
Environmental exhaustion - people refusing to be manipulated by green product claims.
2) Seriousness
The return of the business suit, serious discussions and study. At the opposite end to this is escapism.
3) Unplugging
More face-to-face contact. "Digital Diets" show you've got your life priorities sorted.
4) Ditch the Debt
Paying off debt, downsizing home and car.
5) Authenticity
Get real. Plastic surgery, posh cars and designer water are out!
6) IMBYs
'In My Back Yard'. Imbys support local production and consumption – think farmer's markets.
7) We, Not Me
Family, team, neighbours and community stick together. People are less willing to experiment with the new and unfamiliar.
8) Delayed Gratification
No more instant gratification. Tradition and simplicity. Generation Y will here the word "No" for the first time.
9) Fear and Loathing
Anxiety, resentment and fear. People will do anything to hang onto their jobs.
10) Anger
Rising levels of racism, verbal and physical abuse. Crime targeting wealth-looking individuals.
To see the full article, click here.
From a marketing perspective, it is interesting to think about the implications for marketers who will need to
adapt their products, communications and pricing strategies to these predicted changes in consumer
behaviour.
What do you think? Email Clare.