Accenture, which has offices in Detroit, Livonia, Troy, and Ann Arbor, released the results of a survey that says the COVID-19 pandemic is likely to alter consumer behaviors permanently and cause lasting structural changes to the consumer goods and retail industries.
The survey polled more than 3,000 consumers in 15 countries across five continents. It was conducted April 2-6, after many countries had implemented stay-at-home orders. It found that consumers have already begun shifting their purchasing priorities – for example, buying more personal hygiene and cleaning products as well as canned and fresh foods than they had been before, while purchasing fewer fashion, beauty, and consumer electronics items.
The findings indicate that many of the changes in behavior are likely to continue after the pandemic. In addition, the crisis is also causing consumers to more seriously consider the health and environmental impacts of their shopping choices. For example:
- 60 percent of respondents are spending more time on self-care and mental well-being, with 57 percent saying they have started exercising at home;
- 64 percent of consumers said they’re focusing more on limiting food waste and will likely continue to do so going forward;
- 50 percent of consumers said they’re shopping more health consciously and will likely continue to do so; and
- 45 percent of consumers said they’re making more sustainable choices when shopping and will likely continue to do so.
“The scale of the changes identified in our findings clearly suggest that this is a long-term shift,” says Oliver Wright, managing director and head of Accenture’s global consumer goods practice. “While we have been seeing these trends for some time, what’s surprising is the scale and pace — compressing into a matter of weeks changes that would likely have taken years. The new consumer behavior and consumption is expected to outlast the pandemic, stretching far beyond 18 months and possibly for much of the current decade.”
The survey also found that the pandemic is causing more people to shop for groceries online, with one in five saying their most recent online grocery purchase was their first; for older consumers, this number was one in three. While 32 percent of consumers’ current purchases of all products and services have been online, the figure is expected to rise to 37 percent going forward.
“The realignment of purchasing priorities, personal lifestyles, and working practices is mandating significant changes to retail and commerce,” says Jill Standish, senior managing director and head of Accenture’s global retail practice. “Groceries were, until recently, one area in which many people were reluctant to shop online, but COVID-19 has quickly changed that. The findings show how people who haven’t been as comfortable with ecommerce and other digital technology have been pushed to overcome their hesitancy — and this shift is huge. As organizations adapt, their watchwords must be trust, relevance, and convenience.”
COVID-19 is also accelerating digital adoption more broadly. For instance, the number of consumers who said they’re interested in buying or increasing their use of technology has increased. More than half of respondents said they are likely to increase their usage of voice-enabling digital assistants, online recommendation apps, self-service apps, intelligent home devices, and wearables.
“The pandemic is likely to produce a more sustainable, healthier era of consumption over the next 10 years, making consumers think more about balancing what they buy and how they spend their time with global issues of sustainability, suggesting a healthier human habitation of the planet,” Wright says. “At the same time, it’s a wake-up call for companies to ensure they have the agility and capability to be relevant to consumers and customers with a portfolio of products and services that match shifting purchasing patterns — not just today, but post-pandemic as well.”
Accenture commissioned the survey, which included 3,074 consumers in 15 markets – Australia, Brazil, China, Canada, France, Germany, India, Italy, Japan, Mexico, South Korea, Spain, United Arab Emirates, the U.K., and the U.S. It was conducted online. Accenture plans to conduct follow-up surveys in the coming weeks and months.
Accenture is a global professional services company based in Dublin with clients in more than 120 countries.