Blog: Be prepared – for frugality
Dean Best | 16 June 2009
As well as the debate over green shoots, there has been a lot of discussion on how consumers will behave when the recovery finally comes.
Others believe that some UK consumers could revert back to something approaching a 21st century Loadsamoney.
Now, there is an element of bullishness in statement from the discounters that some of the changes to the way consumers perceive value will be “sticky”. After the growth of the last 12 months, the discounters will be keeping everything crossed that shoppers will still like a bargain.
Industry watches Rabobank certainly think so. In a new podcast, Rabobank ponders whether the way consumer habits have changed will be “secular” – i.e. permanent – or cyclical.
Rabobank's Stephen Rannekleiv has put his chips on the former. “An economic recovery would help loosen up consumer purse strings, and improve some of the consumer confidence levels.
“But many of the pre-recession spending trends were somewhat unsustainable. I think consumers have changed. "Food and beverage companies need to be prepared for more frugality from consumers.”
The question is: are you?
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Emmi to buy dessert maker Italian Fresh Foods