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sincere gratitude to our mentor Prof. J.K. Nayak for his essential
teaching support and guidance. He made sure that we always follow
the right path and get the experience and learning.
We express our sincere gratitude to our professor who gave us
invaluable guidance glowing with his words of encouragement and
inspiration, criticisms and discussions throughout the problem
designing and for his valuable support and cooperation in
conceptualizing the project/research work.
We must all thank our batchmates for their unending support and
gesture to help. A research is always incomplete without a proper
response and hence we cannot thank the respondents enough for
taking out their precious time to fill our questionnaire.
This project required contribution from many people and hence we
thank all of them for their roles in this project.
We are very much grateful to all those outstanding individuals with
whom we have worked, who helped us in understanding the
concept. We thank our family members for supporting us during the
project and providing us with high morale.
Executive Summary
Background
Research questions
Research objectives
This study is guided by the primary research objective which is as per the
following:
2. Study the changed demand dynamics and the shift towards e-retailers.
Sheth J., Impact of Covid-19 on consumer behaviour: Will the old habits
return or die? Journal of Business Research (2020): Consumer habits of buying
have been heavily influenced and changed due to the onset of the pandemic,
and its required social distancing mandates. One big question is whether
consumers will go back to their old habits of purchasing and this change would
only be a temporary one. Latest technological advances have enabled the use
cases of digital commerce or e-retail platforms for buying products.
Research methodology
Data Collection
Sampling decision
As a part of our research project, we tried to find out how the consumer
buying behaviour changed in terms of buying frequency, preferred mode of
buying, change in consideration for various product attributes etc. Firstly, a bit
of analysis of our respondents in terms of the locality they come from i.e.,
rural, urban etc.
We have got almost half of our responses from the people who are living in
urban centres. While, around 60 of the responses we got were from people
living in semi-urban areas and the rest around 40 responses we got from the
rural residents.
As we can see people are mostly concerned with Accessibility and Availability
and they are least concerned with affordability.
As we can see in the graph, during the pandemic more people are buying
products with high nutritional value as compared to before the pandemic
scenario. Similarly, there is a slight decrease in the number of people who
value quality during the pandemic compared to pre-pandemic times.
We can infer from the above graph that People living in rural and semi-urban
areas mostly use nearby grocery store as a preferred mode for buying
packaged food products Whereas people in urban extensively use
departmental store and Ecommerce websites along with nearby grocery shop.
As we can see in the graph above, the importance of packaging has increased
sharply during the pandemic.
As we can see in the above graph, compared to rural and semi-urban areas
(where most people say that their buying frequency has decreased) , more
respondents in urban areas say that their buying frequency has rather
increased or remained the same.
The above graph shows that most decision makers are males in the age group
of 45-60 followed by females in the same age group. There are very few
decision makers above 60 years of age.
As we can see in the above graph, word of mouth has the most influence
followed by online/social media and TV commercials, while Print Media has the
least influence on the consumer buying behaviour.
As we can see people are switching from branded products to private label
products especially during the pandemic.
As we can see there is not much difference in the influence of offers and
discounts on the consumer buying behaviour before and during the pandemic.
As we can see people generally prefer to buy food once in a month and 2-3
times a month and they spend mostly 0-5000 rupees monthly on packaged
food products.
Conclusion
Preferred mode for buying shifted more towards online modes, along with
preference of consumers to accessibility and availability of products during
crisis time being more of a concern than that of affordability. This might be
driven partly by lockdowns and stock-outs during such times.
Preference of buyers for the product attributes has also seen some shift.
During the pandemic, consumers’ preference shifted more towards nutritional
values and brand attributes. This might be driven by increasing awareness
towards healthy lifestyle and more concern for immunity while choosing the
packaged foods. Also, consumers looked more to price and less to the quality
of products during the pandemics compared to normal times. This might be
due to the concerns of availability and affordability during the pandemic.
Overall, we can conclude that there is a significant shift in the consumer buying
preferences when such an unprecedented crisis occurs like Covid-19 and the
lockdowns to prevent its spread. While having purchase in the packaged foods
category, buyers anticipate stockouts and lack of accessibility, and prefer
buying more than usual quantities in such times. Also, shift towards brands
indicates that trust plays an important role while buying these products during
crisis time. Health, immunity and hygiene become crucial factors while buying
the products in such times. Looking at these patterns, marketers can better
position their products considering the above-mentioned factors to sustain in
the pandemic and post pandemic times to cater to the changed consumer
preferences.
Limitations
In this research project, there were few limitations during the process and
analysis of the project. Constraints or difficulties are fundamental for future
research to learn and a way forward to improve future research.
Access to the data: Limited time and the pandemic situation restricted our
data collection methods and we could not gather the primary data through
other methods like personal interview, field survey, among others.
References: