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4/3/2020 Consumer behavior in the coronavirus crisis—new insights on the impact of COVID-19 - Agility PR Solutions

U a

Consumer behavior in the


coronavirus crisis—new insights
on the impact of COVID-19
by Richard Carufel | Mar 26, 2020 | Public Relations

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As retail marketers continue to brainstorm their way through this


unprecedented crisis, it’s a good time to evaluate what consumers are
thinking—what they’re buying now, how they’re buying it, what they’re
notbuying, and how long they think the crisis will last.

New research from on-demand consumer insights platform Suzy, included


in a recent presentation given by CEO and founder Matt Britton, o ers new
insights on the e ects that coronavirus is having on consumer behavior
and sentiment across the United States. 2

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4/3/2020 Consumer behavior in the coronavirus crisis—new insights on the impact of COVID-19 - Agility PR Solutions

Concern is setting in
Overall, 71 percent of Americans are now “very concerned” about the
news surrounding COVID-19, compared to 47 percent who said the same
thing two weeks ago.

Fi y-nine percent `of consumers now believe the COVID-19 crisis will last
up to three months; 25 percent believe the crisis will last four to six
months, and 10 percent believe it will last over six months.

2
Purchasing trends are changing
Fi y-four percent of consumers are no longer considering the purchase of
big-ticket
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4/3/2020 Consumer behavior in the coronavirus crisis—new insights on the impact of COVID-19 - Agility PR Solutions

months. Instead, consumers are focusing on two tiers of consumable


products, which Britton has deemed the “Survival” tier and the “Sanity”
tier:

Where consumers are buying their products has also changed. Over the
last two weeks, consumers are beginning to fear crowding and lack of
inventory, and said they are shopping less at wholesale and big box
retailers (at a decrease rate of 33 percent and 35 percent, respectively).

Meanwhile, despite concerns about deliverability of packages, online


shopping has increased 31 percent in the past two weeks; visits to local
grocery stores have increased 28 percent.

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4/3/2020 Consumer behavior in the coronavirus crisis—new insights on the impact of COVID-19 - Agility PR Solutions

Fast food Is thriving—for now


Interestingly, 38 percent of consumers said that they’ve been visiting quick
service restaurants more in the past week, possibly as an alternative to sit-
down restaurants.

Franchises with the highest increase in visits include:

McDonald’s: 58 percent
Dunkin’ Donuts: 40 percent
Burger King: 38 percent
Starbucks: 36 percent
Wendy’s 35 percent
Chipotle: 35 percent

However, this might not be the case for long; 42 percent of consumers said
that they do not trust the safety of any food prepared by QSRs.

“With this survey, Suzy confirms the importance of listening to your


customer—and that in times of uncertainty, there are opportunities for
new leaders to emerge,” Britton said in a statement a er the presentation’s
release.
2

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Britton also announced plans to provide more webinars in the future to


continually update companies on how consumer behavior changes and
evolves over the course of this crisis. In addition, the Suzy website is now
home to a Consumer Insights Hub for information related to COVID-19,
including blog posts, a sentiment tracker, links to past webinars, the latest
statistics from Suzy’s real-time audience network, and more.

Coronavirus and the State of the U.S.


Consumer, Part 2
from Suzy

1:01:34

Access the full report here.

Part One of the “Coronavirus and the State of the U.S. Consumer” webinar 2
series, which was presented on March 5th, can be found here.

The presentation, Coronavirus and the State of the U.S. Consumer, Part 2,
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industries. Data was sourced from a census-weighted panel of 866


consumers on the Suzy platform, and collected in real time between March
18th and March 19th.

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Richard Carufel
Richard Carufel is editor of Bulldog Reporter and the Daily ’Dog, one
of the web’s leading sources of PR and marketing communications
news and opinions. He has been reporting on the PR and
communications industry for over 12 years, and has interviewed hundreds of
journalists and PR industry leaders. Reach him at richardc@bulldogreporter.com;
@BulldogReporter

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