The document discusses exploring shifts in Indian consumer shopping behavior post-pandemic. It notes that the pandemic profoundly impacted how businesses and households operate, changing consumer behavior and purchasing habits. While India was better prepared digitally than some countries, it still experienced supply chain issues and changes in consumer expectations that drove organizations to adapt strategically. The long-term stickiness of new consumer habits will depend on how well new experiences are received. Understanding changed behaviors across industries like FMCG and apparel, and challenges and actions brands can take, will provide insights for influencing the "Next Normal".
The document discusses exploring shifts in Indian consumer shopping behavior post-pandemic. It notes that the pandemic profoundly impacted how businesses and households operate, changing consumer behavior and purchasing habits. While India was better prepared digitally than some countries, it still experienced supply chain issues and changes in consumer expectations that drove organizations to adapt strategically. The long-term stickiness of new consumer habits will depend on how well new experiences are received. Understanding changed behaviors across industries like FMCG and apparel, and challenges and actions brands can take, will provide insights for influencing the "Next Normal".
The document discusses exploring shifts in Indian consumer shopping behavior post-pandemic. It notes that the pandemic profoundly impacted how businesses and households operate, changing consumer behavior and purchasing habits. While India was better prepared digitally than some countries, it still experienced supply chain issues and changes in consumer expectations that drove organizations to adapt strategically. The long-term stickiness of new consumer habits will depend on how well new experiences are received. Understanding changed behaviors across industries like FMCG and apparel, and challenges and actions brands can take, will provide insights for influencing the "Next Normal".
Exploring the trends contextualised to Indian Consumer
Group Project - Consumer Behaviour
Group Number: 4 Names: Deepak Maheshwari, Pawan Kumar, Sourabh Yadav As part of this study we are going to explore the Post-Pandemic shift in consumer shopping behaviour. The pandemic has had a profound impact on all facets of human existence, but maybe none more so than on how the global economy functions. Movement restrictions and constraints had a definite impact on how businesses and households operated, and this in turn had a demonstrable impact on consumer behaviour and purchasing habits. A lot has changed globally since the onset of the Pandemic in 2020. The initial shock on the global supply chain was on such a big scale that it took all the major organisations by surprise amid so many uncertainities as it was not a typical risk event. While most of the organisations around the world were left struggling and pivoting their strategies to digital first for the first time, India had been unintentionally preparing itself with the digital wave that has been revolutionising the Indian consumer market since 2013-14. Having said that, the impact on the Indian market was also substantial because of its dependency on the global supply chain. While this impact stands true due to the supply chain crisis, it also stands true due to the changes in the consumer behaviour which drove organisations to take strategic steps towards meeting the expectations of consumers. Although the post pandemic phase has set in, with many countries ending the mandatory protocols and most of the world population being vaccinated, we are hearing the news of more variants coming in increasing the risk of another pandemic setting in which makes it seem like a cyclical process in the near future. This makes one wonder if these changes in the behaviour will stick post the first pandemic or will change again after the next one. The stickiness of behavioural changes depends a lot on how well the new experiences are received and, thus, by no means, is linear. The new consumer habits affect all aspects of life, including how we work, shop, and have fun. These quick changes have significant effects on the retail and fmcg industry. Organisations have the chance to influence the Next Normal since many longer-term shifts in consumer behaviour are still developing. Hence, it makes for an interesting topic to: 1. Understand how the shopping behaviour of the Indian consumer changed post- pandemic, exploring trends in mainstream consumer industries like fmcg, apparel etc. along with key statistics supporting this behaviour. 2. Analyse the issues/challenges for organisations surrounding the adoption of these changes giving examples of issues/challenges some of the major brands in India faced 3. Suggest actions from marketing lens which can help brands address the challenges and bring more value and convenience to consumers We will try to touch both offline and online consumer behaviour in this study just so that we can cover the majority of the touchpoints that a consumer has with brands.
3One of the largest oil companies in the world, Halliburton has been accused of a number of grave offenses. These include doing business with countries with which the US government has banned trade relations, overcharging the US army for supplies during the Iraq War in 2003, mismanaging waste, sexual assault, and exposing employees to hazardous chemicals. The internet, and particularly social media, have given consumers a greater voice. Many people are choosing to speak out about what they consider to be unethical business practices. This can cause severe damage to a company’s image and damage brand loyalty. Consumers also understand that money speaks — that they have the purchasing power to buy from businesses they consider ethical.
2One of the largest oil companies in the world, Halliburton has been accused of a number of grave offenses. These include doing business with countries with which the US government has banned trade relations, overcharging the US army for supplies during the Iraq War in 2003, mismanaging waste, sexual assault, and exposing employees to hazardous chemicals. The internet, and particularly social media, have given consumers a greater voice. Many people are choosing to speak out about what they consider to be unethical business practices. This can cause severe damage to a company’s image and damage brand loyalty. Consumers also understand that money speaks — that they have the purchasing power to buy from businesses they consider ethical.