GREAT EXPECTATIONS? Staying close to citizens and consumers - Watch the recording
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
GREAT EXPECTATIONS? Staying close to citizens and consumers KEYS – A WEBINAR SERIES BY IPSOS 23rd February 2023 Watch the recording
Introduction Jennifer Hubber AGENDA Head of Global Client Organisation, Ipsos The year so far: how’s it going? Simon Atkinson Chief Knowledge Officer, Ipsos Unlocking brand success Moneesha Banerjee Global Lead - Brand & Market Offer, Market Strategy & Understanding, Ipsos We are more than our senses Nikolai Reynolds Global Head of Product Testing, Ipsos Keeping the dream relevant Javier Calvar Watch the recording Group Service Line Leader, Ipsos in Hong Kong 2‒
QUESTION TIME Do you have questions for our panellists? Please send them by clicking on the the left panel. You can ask your question at any time during the session.
EXPECTAT IO NS F O R 2023 CAUSES FOR CONCERN ECONOMY: 79% say “prices in my country will rise more quickly than incomes” + 4 POINTS 6 ‒ © Ipsos | KEYS Webinar February 2023
Change Market Likely Unlikely vs 2021 For each of the following, please tell me how likely or unlikely you Global Country Average 79% 14% 4% think they are to happen…? South Africa 91% 7% 8% Chile 89% 9% 4% Argentina 88% 8% 8% Romania 88% 10% 3% Prices in my country Sweden 87% 9% 14% Malaysia 87% 9% 4% will increase faster Singapore Australia 87% 86% 10% 9% 5% 9% than people’s Great Britain Hungary 86% 86% 7% 8% 7% 9% incomes Indonesia Belgium 86% 85% 10% 10% N/A 2% France 85% 10% 4% Colombia 85% 13% 1% Spain 85% 9% 8% Netherlands 84% 11% -1% Ireland 84% 12% N/A Poland 84% 11% 2% Canada 84% 8% 2% Germany 83% 10% 2% Peru 83% 13% 8% Italy 82% 11% 6% Turkey 80% 15% 3% Switzerland 79% 16% 12% Mexico 79% 17% 5% Denmark 78% 13% 9% South Korea 77% 18% 12% United States 77% 12% -2% Thailand 76% 17% N/A India 72% 22% 4% Israel 70% 19% -2% United Arab Emirates 63% 26% N/A Base: 24,471 adults aged 18-74 in the United States, China 56% 38% 10% Canada, Republic of Ireland, Israel, Malaysia, South Africa, Brazil 55% 35% -25% and Turkey, 20-74 in Thailand, 21-74 in Indonesia and Saudi Arabia 52% 33% 7% Singapore, and 16-74 in 26 other markets. Friday, October Japan 51% 24% 18% 21 - Friday, November 4, 2022 7‒
T W O MO NT HS INT O T HE YEAR OR RATHER: HAVE CONCERNS ABOUT INFLATION PEAKED? Q: Which of the following topics do you find most worrying in your country? Download the results 8 ‒ © Ipsos | KEYS Webinar February 2023
HAVE CONCERNS ABOUT INFLATION PEAKED? NOT YET! FEB 2022 FEB 2023 #1 CONCERN COVID19 INFLATION IN 15 COUNTRIES Q: Which of the following topics do you find most worrying in your country? 33% 43% Argentina, Australia, Belgium, Canada, Colombia, France, Germany, Great Britain, INFLATION COVID19 Hungary, India, Poland, Singapore, South Korea, (Global 29-country average) 23% 9% the US, and Turkey 9 ‒ © Ipsos | KEYS Webinar February 2023
CONCERNS Feb 2022 Feb 2023 RISING EVERYWHERE: THE 12-MONTH VIEW % mentioning INFLATION as one of the the 3 “most worrying” issues facing their country Source: Ipsos Global Advisor. Download the results here Base: Representative sample of 19,524 adults aged 16-74 in 27 participating countries,
LO O KING F O RW ARD: A SPIRIT OF OPTIMISM? Download the results: January 2023 11 ‒ © Ipsos | KEYS webinar February 2023
CONSUMER CONFIDENCE: SIGNS OF IMPROVEMENT? 12 ‒ © Ipsos | KEYS Webinar February 2023
CONSUMER REALITY: THE NEED FOR CAUTION? 34% say the state of the economy in my country is “good” © Ipsos | Doc Name
IN CONTEXT: Feb 2022 Feb 2023 THE 12-MONTH VIEW % describing their country’s current economic situation as “GOOD” Source: Ipsos Global Advisor. Download the results here Base: Representative sample of 19,524 adults aged 16-74 in 27 participating countries,
THE YEAR SO FAR: What Next?
IPSOS GLOBAL TRENDS We interviewed 48,000+ people in 50 markets for this edition that covers 87% of the global economy and 70% of the global population. 16 ‒ © Ipsos | KEYS Webinar February 2023
GROUNDED IN TWELVE TRENDS 17 ‒ © Ipsos | KEYS Webinar February 2023
THREE EXAMPLES 18 ‒ © Ipsos | KEYS Webinar February 2023
CLIMATE ANTAGONISM Climate change has become a visceral reality, with the past year seeing the largest number of climate- related disasters in recorded history. But there is rampant debate about who is responsible for climate change and how to address it: some consumers are changing how they make purchasing decisions according to their environmental impact, while others (particularly Gen Z) are putting the responsibility squarely on the shoulders of government, systems and corporations. 19 © Ipsos | Global Trends 2023 | Feb |2023 Version | Version 2 | Public 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE Concern about the environmental emergency is ubiquitous across markets 92 91 91 88 88 87 87 86 86 86 86 86 86 85 85 85 85 84 83 83 83 83 82 82 82 82 80 81 80 80 80 80 80 79 79 78 78 77 To what extent do you 75 74 73 73 73 72 72 70 69 68 66 64 62 agree or disagree with the following statement? % agree We are heading for % agree environmental disaster Kingdom of Saudi Arabia GLOBAL AVERAGE Dominican Republic unless we change our Hong Kong SAR United States New Zealand Great Britain South Korea South Africa Netherlands Puerto Rico Guatemala Costa Rica Philippines Singapore Indonesia Argentina Colombia Germany Denmark Romania Malaysia Australia Thailand Morocco Pakistan habits quickly. Panama Ecuador Bulgaria Vietnam Sweden Belgium Canada Zambia Greece Nigeria Mexico Poland France Turkey Kenya Japan China Spain Brazil Israel Chile India Peru UAE Italy Base: 48,579 adults aged 16–75 across 50 countries, interviewed online between 23 September and 14 November 2022 % disagree 6 8 8 10 8 11 13 12 12 12 12 12 12 12 13 13 11 11 16 14 15 15 14 15 14 16 15 17 17 17 16 17 17 17 15 18 18 18 19 20 Source: 24 20 21 22 22 26 22 24 26 Ipsos Global Trends 2023 29 28 Filter: Market: All markets 20 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE Concern about the environmental emergency is ubiquitous across demographic groups Marital Gender Age Education Income Working Status Status To what extent do you agree or disagree with the 82% 82% 83% 79% 79% 81% 80% 81% 80% 80% 79% 79% 80% 82% 79% 77% 77% 75% following statement? 75% 74% % agree We are heading for environmental disaster unless we change our habits quickly. Male Self employed Unemployed High High Part-time Female Medium Medium 16-24 25-34 35-44 45-54 55-74 Full-time Not married Low Low Student Married Base: 48,579 adults aged 16–75 across 50 countries, interviewed online between 23 September and 14 November 2022 Source: Ipsos Global Trends 2023 Climate change will impact us all, and this shared lived experience is borne out by the fact that across all ages, genders, levels of Filter: income and education, working and marital status, the levels of concern about the climate emergency are remarkably consistent. Market: All markets Such unanimity of feeling is rare, and gives those involved with this crucial issue a broad base with which to work. 21 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE But concern about the climate may be starting to wane in some markets 91% 82% 80% 79% 78% To what extent do you 75% 72% 72% agree or disagree with the following statement? 60% 57% % agree We are heading for environmental disaster unless we change our habits quickly. Base: 500–1,000 500–1,000 adults aged 16–75 (18–75 in US and Canada) per market per year China Brazil US France Australia Series1 2013 Series2 2016 Series3 2019 Series4 2020 Series5 2021 2022 Series6 Source: Ipsos Global Trends Series In some markets, 2022 saw the reversal of years of growing concern about the climate. At a national level we often see immediate economic concerns being more of a pressing issue for the public than climate change. 22 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
AUTHENTICITY IS KING The days when corporations could focus on providing good products at good prices and expect the marketplace to respond favourably are fading fast. Increasingly, these aspects are taken for granted and consumers are asking hard questions, such as: ‘What issues do you care about? More than caring, what do you actually do about these issues? How do you treat your workforce? What is your ESG (environmental, social and governance) policy? How diverse is your workforce and how inclusive are your working practices?’ and expecting robust answers. Increasingly, the answers to these questions will drive marketplace success. 23 © Ipsos | Global Trends 2023 | Feb |2023 Version | Version 2 | Public 2 | Public
52% AGREE I am generally willing to spend extra for a brand whose image appeals to me 24 © Ipsos | Global Trends 2023 | Feb |2023 Version | Version 2 | Public 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE Big differences by country: Generally, people in Asia, the Middle East and Africa place the highest value on brand image 83 7878 74 To what extent do you 72 71 70 69 67 65 65 64 63 63 62 61 agree or disagree with the 605959 5757 52 53 52 48 4747 47 4646 4545 45 444444 4242 42 41 39 38 38 following statement? 37 36 35 32 3232 31 29 I am generally willing % agree Kingdom of Saudi Arabia to spend extra for a GLOBAL AVERAGE Dominican Republic Hong Kong SAR brand with an image United States New Zealand Great Britain South Korea South Africa Netherlands Puerto Rico Guatemala Costa Rica Philippines Singapore Indonesia Argentina Colombia Germany Denmark Romania Malaysia Australia Thailand Pakistan Morocco Panama Ecuador Bulgaria Vietnam Sweden Belgium Canada Zambia Greece Nigeria Mexico France Poland Turkey Kenya that appeals to me Japan China Spain Brazil Israel Chile India Peru UAE Italy Base: 48,579 adults aged 16–75 across 50 countries, % disagree interviewed online between 23 September and 14 November 2022 161820 23262324 Source: 3028343133353233 Ipsos Global Trends 2023 363336383941 43 424343 474544445149475050 535154545153555757 585659615962 Filter: 6667 Market: All markets 25 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE The value that people place on brand image is rising in many markets around the world 78% To what extent do you 69% agree or disagree with the 63% following statement? 53% 52% % agree 41% 41% 41% 38% I am generally willing 37% 33% to spend extra for a 27% brand with an image that appeals to me Base: 500–1,000 500–1,000 adults aged 16–75 (18–75 in US and Canada) per market per year France India Australia Argentina Source: Ipsos Global Trends Series 2013 2019 2022 26 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
PEAK GLOBALISATION The world remains divided on the benefits of globalisation. Increasing travel, greater cultural exchange and the rise of cheap products (facilitated by low labour costs and developed international supply chains) represent significant benefits to many. However, the dilution of local cultures, perceived lifestyle homogenisation, increased consumerism, rising emissions and faster habitat loss are all among the significant impacts of globalisation. Many commentators feel that we have already reached peak globalisation and are moving to a world where protectionist policies, shorter, more secure supply chains, and a greater focus on nationality and local community will create a smaller, less globalised landscape. We at Ipsos are less sure. 27 © Ipsos | Global Trends 2023 | Feb |2023 Version | Version 2 | Public 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE In all but five markets, a majority feel that globalisation is a force for good 90 89 85 85 82 81 80 80 77 77 76 76 75 74 74 74 73 73 72 72 70 70 69 69 69 66 66 65 64 64 63 63 63 To what extent do you 61 60 60 59 57 56 54 54 54 52 52 50 50 48 agree or disagree with 44 42 42 39 the following statement? % agree Globalisation is good Kingdom of Saudi Arabia GLOBAL AVERAGE Dominican Republic for my country Hong Kong SAR United States New Zealand Great Britain South Korea South Africa Netherlands Puerto Rico Guatemala Costa Rica Philippines Singapore Indonesia Argentina Colombia Germany Denmark Romania Malaysia Australia Thailand Morocco Pakistan Panama Ecuador Bulgaria Vietnam Sweden Belgium Canada Zambia Greece Nigeria Mexico Poland France Turkey Kenya Japan China Spain Brazil Israel Chile India Peru UAE Italy Base: % disagree 48,579 adults aged 16–75 across 50 countries, interviewed online between 23 September and 14 8 8 November 2022 13 13 14 13 16 12 12 18 17 17 17 17 19 16 19 19 17 19 20 18 19 19 18 23 21 22 23 22 26 22 23 27 24 24 23 28 27 27 25 27 30 29 Source: 36 39 43 43 Ipsos Global Trends 2023 43 47 51 Filter: Market: All markets 28 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE In roughly half the markets, particularly emerging ones, a majority feel they are global citizens but there are plenty where the reverse is true 66 To what extent do you 49 agree or disagree with 41 37 the following statement? 31 26 26 NET Agree 23 22 19 18 17 16 16 14 14 [Agree – disagree] 14 13 13 8 7 6 6 I am more of a citizen 3 5 2 1 0 of the world -1 -1 -1 -4 -4 -4 -5 -5 -6 -8 -9 -11-13 -14 -17-17-18 -23-24 Base: -28 48,579 adults aged 16–75 across 50 countries, Kingdom of Saudi Arabia interviewed online 23 September–14 November GLOBAL AVERAGE Dominican Republic 2022 -39-39 Hong Kong SAR -46 United States New Zealand South Korea Great Britain South Africa Netherlands Puerto Rico Guatemala Costa Rica Philippines Singapore Indonesia Argentina Colombia Germany Denmark Romania Malaysia Australia Pakistan Morocco Source: Thailand Ecuador Panamá Vietnam Bulgaria Sweden Belgium Canada Zambia Greece Mexico Nigeria France Poland Turkey Kenya Japan China Spain Brazil Israel Chile India Peru UAE Ipsos Global Trends 2023 Italy Filter: Market: All markets 29 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE In roughly half the markets, particularly emerging ones, a majority feel they are global citizens but there are plenty where the reverse is true 66 To what extent do you 49 agree or disagree with 41 37 the following statement? 31 26 26 NET Agree 23 22 19 18 17 16 16 14 14 [Agree – disagree] 14 13 13 8 7 6 6 I am more of a citizen 3 5 2 1 0 of the world -1 -1 -1 -4 -4 -4 -5 -5 -6 -8 -9 -11-13 -14 -17-17-18 -23-24 Base: -28 48,579 adults aged 16–75 across 50 countries, Kingdom of Saudi Arabia interviewed online 23 September–14 November GLOBAL AVERAGE Dominican Republic 2022 -39-39 Hong Kong SAR -46 United States New Zealand South Korea Great Britain South Africa Netherlands Puerto Rico Guatemala Costa Rica Philippines Singapore Indonesia Argentina Colombia Germany Denmark Romania Malaysia Australia Pakistan Morocco Source: Thailand Ecuador Panamá Vietnam Bulgaria Sweden Belgium Canada Zambia Greece Mexico Nigeria France Poland Turkey Kenya Japan China Spain Brazil Israel Chile India Peru UAE Ipsos Global Trends 2023 Italy Filter: Market: All markets 30 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
CLIMATE CONSCIENTIOUS AUTHENTICITY DATA THE TECH PEAK A DIVIDED CAPITALISM’S UNCERTAINTY ENDURING APPEAL SIMPLICITY CHOICES OVER ANTAGONISM HEALTH IS KING DILEMMAS DIMENSION GLOBALISATION WORLD TURNING POINT & INEQUALITY OF NOSTALGIA & MEANING SEARCH HEALTHCARE Over the past year, there has been a marked return to global brands Change: 2021 to 2022 Mexico 46% +18% 28% Peru 53% +15% 38% Argentina 55% +12% To what extent do you 43% China 48% +12% agree or disagree with the 36% following statement? Indonesia 48% +11% 37% % agree Romania 50% 39% +11% Italy 33% I think global brands 23% +10% make better products Chile 48% 38% +10% than brands that are India 72% just local to my country 62% +10% 2022 2021 Base: 500–1,000 500–1,000 adults aged 16–75 (18–75 in The past year has seen an upsurge in appreciation for the benefits of global brands, particularly in Asian and US and Canada) per market per year Latin American markets. In no market do we see the opposite tendency. Source: It may be that the reduced availability of certain international brands (because of Covid-19 and conflict-based Ipsos Global Trends Series pressures on global supply chains) forced people to reluctantly do without certain types of products or to use local brand alternatives that they did not perceive to be of the same quality. 31 © Ipsos | Global Trends | Feb 2023 | Version 2 | Public
EXPLORE THE KEY FINDINGS Ipsos Ipsos Global Trends Website 307,512 followers 143 comments • 90 reposts 32 ‒ © Ipsos | KEYS Webinar February 2023
BRAND SUCCESS: SHAPING & MEETING EXPECTATIONS Building Successful Brands Moneesha Banerjee Global Lead – Market & Brand KEYS WEBINAR – FEBRUARY 23, 2023 © 2022 Ipsos. All rights reserved. Contains Ipsos' Confidential and Proprietary information and may not be disclosed or reproduced without the prior written consent of Ipsos.
THE WORLD IS CHANGING • Covid 19 • Remote Work/Education • E-commerce and Delivery • Gig Economy • Climate Change and Sustainability • War in Ukraine • Inflation • Supply Chain Issues • AI 34 ‒ © Ipsos | Doc Name
TIME TO 1 MILLION USERS Netflix 3.5 Years Airbnb 2.5 Years Facebook 10 Months Spotify 5 Months Instagram 1.5 Months iPhone 74 Days Chat GPT 5 Days 35 ‒ © Ipsos | Brand Doc Name Success
THIS OR THAT? The MIT Beer Experiment In a blind test when consumers were asked to chose which beer they preferred – A) Regular Brew, B) Regular Brew + Vinegar A 30% Prefer B 36 ‒ © Ipsos | Doc Name
THIS OR THAT? The MIT Beer Experiment Test 2 - (A) Regular Brew (B) MIT Special Brew A 30% Prefer B 59% Prefer B 37 ‒ © Ipsos | Doc Name
THIS OR THAT? The MIT Beer Experiment Test 3 – B) Labeled as MIT Special Brew BUT disclosed as just regular brew + vinegar (after tasting) A 30% Prefer B 59% Prefer B 52% Still Prefer B That’s the power of shaping expectations… 38 ‒ © Ipsos | Doc Name
WHAT DO WE MEAN BY SHAPING EXPECTATIONS? What people feel and know about the brand and category All the expectations people have about brands, including: FUNCTIONAL/ SENSORIAL SOCIAL BUYING EMOTIONAL 39 ‒ © Ipsos | Doc Name
EXPECTATIONS HELP US FRAME AND INTERPRET OUR EXPERIENCES What people feel and know about the brand and category All the expectations people have about brands, including: FUNCTIONAL/ SENSORIAL SOCIAL BUYING EMOTIONAL 40 ‒ © Ipsos | Doc Name
SHAPING PEOPLE’S EXPECTATIONS ABOUT "CLEAN BEAUTY" 41 ‒ © Ipsos | Brand Doc Name Success
RIMMEL “KIND & FREE” CREATIVE EXPERIENCES EMPATHY & FITTING IN CREATIVE IDEAS FITS WITH WAY I FEEL INFORMATIVE ABOUT THE I BRAND LIKE IT BRAND IS DIFFERENT FOR BELIEVABLE PEOPLE UNIQUE LIKE ME TOLD ME SOMETHING NEW PLACE IN POPULAR STIRRED CULTURE EMOTIONS WILL TALK ABOUT ON SOCIAL PEOPLE MEDIA ENTERTAINING WILL TALK ABOUT IT SURPRISING +4.4% SALES IN 2021 The outspoken ambassador who demands a new deal in beauty captures people’s expectations about CLEAN beauty, revealed in the Kind & Free product offer. 42 ‒ © Ipsos | Brand Doc Name Success
CAREFULLY SHAPED EXPECTATIONS ARE WHY CONSUMERS... Are able to find this “Vision starts with an expectation of what is around the corner.” – Prof. L. Muckli Expectations are the Think they will look good root of all experience Think this... and feel good wearing this... Prediction is not just one of ... will taste …or carrying this the things your brain does. It better than this is the primary function of the neo-cortex, and the foundation of intelligence. And find that they do And find that they do “[the brain] anticipates every fragment of “Emotions are your constructions of – Jeff Hawkins, Author and sight, sound, smell, taste and touch.” the world.” Neuroscience Researcher – Prof. L. Feldman Barret – Prof. L. Feldman Barret © Ipsos | Doc Name
BRANDS CREATE VALUE FOR CONSUMERS BY… Helping people find what they need and want And enhancing the experience of using everyday products 44 ‒ © Ipsos | Doc Name
Successful brands come in all shapes and sizes… ..what unites them all? 45 ‒ © Ipsos | Doc Name
Great brands shape Expectations through Empathy for people & the context of the dynamic & changing world around them. EMPATHY TO DELIVER ANTICIPATE THE IMPACT TO SHAPE GREAT BRAND WHAT’S IMPORTANT TO OF CONTEXT EXPECTATIONS PEOPLE Shape people’s expectations, so that only your brand experience can meet them © Ipsos | Doc Name
Consumers in the US chose Credit Cards mainly based on how they deliver on functional expectations Functional expectations have the single largest impact on brand choice in this category © Ipsos | Doc Name US Credit Cards : Ipsos 2023 R&D Findings 47 ‒
On the other hand, the Beer categor y in South Africa shows us how expectations of emotional payoffs can impact brand choice Connect with heritage, good Good times, high quality, Impress, high quality, value for money, takes a sponsorship, inclusivity easy drinking, stand Connecting with consumers through things that matter to them, whether by taking a stand or sponsoring events that resonate brands have found different ways in, to the hearts of their consumers © Ipsos | Doc Name South Africa Beer : Ipsos 2023 R&D Findings 48 ‒
Positive Expectations predict future changes in market share When people’s expectations of brands surpass their current 3X share of purchase, this indicates likely future growth. Because people gradually move towards buying the brands they expect to meet their needs. Brands that have more than their fair share of positive expectations are three times more likely to grow than those that don’t. © Ipsos | Doc Name Ipsos Brand Value Creator Database Analysis 49 ‒
EXPECTATIONS: WHAT IT MEANS FOR YOU WHAT IT MEANS FOR YOU WHAT TO DO • Identify which expectations • Take existing expectations into your brand can own, those it account when measuring the can shape to its benefit impact of marketing and communications. • Frame the brand experience and your brand expressions to • Align experience with address and connect to these expectations. expectations • Know that Context, experiences with other brands and categories influence expectations continuously Measuring and managing expectations 50 ‒ © Ipsos | Doc Name
WE ARE MORE THAN OUR SENSES Meeting Brand Shaped Expectations with Products Dr. Nikolai Reynolds 24 February, 2023
52 ‒ © Ipsos | Keys Webinar
53 ‒ © Ipsos | Keys Webinar
For that individual …who's voting thumbs up or down. That's who we think about… the complete USER experience Steve Jobs 54 ‒ © Ipsos | Keys Webinar
We take most of the money that we could have spent on paid advertising and instead put it back into the Consumer experience. Then we let the Consumer be our marketing Tony Hsieh CEO Zappos 55 ‒ © Ipsos | Keys Webinar
The future of business is going to be about the front line... Connect with consumers. Listen, understand, act on the feedback and learning Alan Jope CEO Unilever 56 ‒ © Ipsos | Keys Webinar
Quality perceptions have been little discriminating independent of financial or pandemic crisis Overall Liking Score for Product Performance on a 7-Point Scale 7 6 5 4 3 2 1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source: Own analyses on the Ipsos Product Testing database on a 7-point liking scale 57 ‒ © Ipsos | Keys Webinar
Research has shown product quality is holistically determined by… TOP-DOWN PROCESSES Reflect the perceiver’s beliefs, desires, and expectations. “there are two brain systems, one involving taste and one recalling cultural influence ... in the prefrontal cortex interact to determine BOTTOM-UP PROCESSES preferences.” Reflect characteristics of the stimulus impinging on the sensory organs. Source: McClure et al. 2004, Neuron, Volume 44, No 2, pp 379-387 58 ‒ © Ipsos | Keys Webinar
BOTTOM-UP COVERS THE FIVE SENSES 59 ‒ © Ipsos | Keys Webinar
Sensorial bottom-up experiences inform about product performance The lines on a carpet after it has been vacuumed indicated to consumers that the floor is clean 60 ‒ © Ipsos | Keys Webinar
Sensorial bottom-up experiences inform about product performance The sting of mouthwash is often understood by consumers as an indicator of the strength/efficacy of a mouthwash 61 ‒ © Ipsos | Keys Webinar
Sensorial bottom-up experiences inform about product performance The unique sizzling sound of popping candy 62 ‒ © Ipsos | Keys Webinar
Sensorial bottom-up experiences inform about product performance The smell of cinnamon from a heating pad can be interpreted as its apparent effectiveness 63 ‒ © Ipsos | Keys Webinar
Brand formulated expectations connect with the top-down process impacting product performance BIG BIG BIG BIG BIG BIG BRAND BRAND BRAND BRAND BRAND BRAND ONE TWO THREE ONE TWO THREE VS 64 ‒ © Ipsos | Keys Webinar
Context can be created or “nudged” CLT Product CLT Product testing in winter testing in summer SIMILAR RESULTS VR VR to simulate summer 65 ‒ © Ipsos | Keys Webinar
KNOWLEDGE CONTEXT SENSORY ANALYSES 66 ‒ © Ipsos | Keys Webinar
Further information on this topic can be found in our Ipsos Views paper Download the POV 67 ‒ © Ipsos | Keys Webinar
THE LUXURY INDUSTRY What consumers expect from the dream makers Javier Calvar 24 February, 2023
EXPECTATIONS CONTEXT EMPATHY 69 ‒ © Ipsos | KEYS webinar
LUXURY IS WHAT WE DON’T NEED, OR IS IT? Creating value through aspiration and exclusivity Aspiration 70 ‒ © Ipsos | KEYS webinar
LUXURY IS WHAT WE DON’T NEED, OR IS IT? Creating value through aspiration and exclusivity Exclusivity 71 ‒ © Ipsos | KEYS webinar
PLAYING HARD TO GET Luxury does the opposite to what other categories do + Price - - Accessibility + Source: Hermes 72 ‒ © Ipsos | KEYS webinar
CONSUMERS’ APPETITE FOR LUXURY HAS REMAINED AS STRONG AS EVER The global luxury industry grew by 21% YoY in 2022 73 ‒ © Ipsos | KEYS webinar
EXPECTATIONS CONTEXT EMPATHY 74 ‒ © Ipsos | KEYS webinar
DIGITAL HAS BECOME A FUNDAMENTAL PART OF LUXURY Consumers expect seamless interactions through digital channels 75 ‒ © Ipsos | KEYS webinar
CONSUMERS EXPECT TO BUY LUXURY ONLINE Gone in 18 seconds: online store sells out million-yuan Maseratis Italian car-maker launches flagship store on Tmall with 100 Maserati SUV Levante vehicles Thu, Mar 24, 2016, 09:28 Source: China Daily 76 ‒ © Ipsos | KEYS webinar
EXPECTATIONS CONTEXT EMPATHY 77 ‒ © Ipsos | KEYS webinar
NOT ALL LUXURY CONSUMERS ARE CREATED EQUAL Luxury is an attitude Fashionists Classics “Stand out from “Beautiful objects, the crowd” brand history” 26% of affluent consumers 15% of affluent consumers Millennial men More women, older High income Mid income Source: Ipsos 78 ‒ © Ipsos | KEYS webinar
NEW BUSINESS MODELS TO MEET EVOLVING CONSUMER NEEDS Not everyone wants to own luxury 79 ‒ © Ipsos | KEYS webinar
FROM PRODUCT-CENTRICITY TO CONSUMER-CENTRICITY “Luxury brands must shift their strategy and be more consumer centric as opposed to […] you've created the product and now consumers come, love it and purchase.” Erum Chaudhry Vice President of Marketing, Parfums Christian Dior 80 ‒ © Ipsos | KEYS webinar
SUCCESS BREEDS COMPLACENCY. ONLY THE PARANOID SURVIVE Know your consumers, their motivations and expectations 1 Is your brand meaningfully exclusive? Is the consumer at the centre of your 2 value proposiion? 3 Do all touch-points work well together? Download the White Paper 81 ‒ © Ipsos | KEYS webinar
Access the recording, presentations JOIN US for our next KEYS webinar: and resources from this episode Thursday, March 23 11:00 & 17:00 CET WHY CONTEXT REALLY MATTERS Cultures | Countries | Communities [Webinar] KEYS - Great expectations | Ipsos © Ipsos | Doc Name
You can also read