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By Prof. Michael Winter<\/strong><\/p>\n One of the tasks in this project has been to keep an eye on what is usually called the \u2018trade press\u2019. And one of the publications, which I confess I was unaware of prior to this research project, is Speciality Food<\/em>.\u00a0 For anyone who is interested in following food news, especially as the title indicates at the top end of the UK market, I strongly recommend this magazine. I get newsfeeds from it most days and it is really informative and usually gives its sources too, which is far from a universal practice in investigative journalism! In this instance, I have been able to use those sources to dig a bit deeper into the story headlines.<\/p>\n This reflection is based on a piece entitled 7 Characteristics of the 2021 Shopper<\/em><\/a>.\u00a0\u00a0The piece outlines \u2018seven key qualities of the modern customer that will help retailers succeed through the remainder of this year and beyond.\u2019<\/p>\n <\/p>\n Notwithstanding the obvious economic impact of COVID and higher rates of unemployment, Speciality Food (SF) draws here on two recent pieces of market research showing a growing spirit of optimism among consumers. Firstly, research from Kantar[i]<\/a> undertaken in late April involving interviews with a representative sample of 1,115 adults in Great Britain, shows the highly uneven impact of the pandemic on income. 62% report that their personal income \u2018has not been impacted\u2019 by coronavirus, and although 21% have seen their savings decline as a result of the pandemic, a similar proportion (20%) report an increase in savings with 41% reporting no difference. There is a marked age difference with older people more likely to have increased their savings: 30% of over 65s compared to 15% of 25-34 year olds, for example. Just 11% of 65+ year olds report a reduction in savings compared to 25% of 25-34-year-olds at 25% and 28% of 35-44 year olds. SF also cites evidence of growing consumer confidence citing the IGD\u2019s measure of shopper confidence growing to its highest level in five years in April, since before<\/em> the Brexit referendum in fact. SF concludes that \u2018For fine food retailers, this could be good news as more shoppers may be willing to stick with the food and drink upgrades they made during lockdown in the “new normal\u201d\u2019.<\/p>\n <\/p>\n Cut to another survey \u2013 this time of 2,000 UK companies by CIPD the UK professional body for HR specialists and we find strong evidence for a continuation of home working in some sectors of the economy.[ii]<\/a>\u00a0 Their research was based on interviews with 32 senior managers and directors between October 2020 and January 2021 and an online survey with a total sample size of 2,133 senior decision-makers in UK organisations, conducted by YouGov between 14 December 2020 and 4 January 2021. Key results of the research are as follows:<\/p>\n SF conclude from this that food retailers can expect to see demand for restaurant-quality food at home remaining.<\/p>\n <\/p>\n Under this heading SF turn to work by Opinium Research for Barclaycard[iii]<\/a> which found that almost 60% of British consumers expect to continue buying some of their groceries online even after all Covid-19 restrictions end. Of those using click and collect more often during the pandemic, 90% plan to continue. SF caters primarily for high-end independent retailers and therefore the message is clear: giving customers flexibility to choose the shopping method that suits them, with online as an option, will be key to maintaining market share going forward.<\/p>\n <\/p>\n Under this heading, SF turn to the 2021 Global Buying Green Report[iv]<\/a> based on a survey of more than 15,000 consumers from Europe, North America and South America:<\/p>\n <\/p>\n Given the drive to cashless transactions for hygiene reasons, contactless limits were increased to \u00a345, and then again to \u00a3100 to support consumers and retailers during the pandemic. Again SF urges its clients to \u2018keep up with this fast-evolving payments landscape in order to ensure customer transactions can be performed quickly and smoothly.\u2019<\/p>\n <\/p>\n Here SF speculates that even after inside dining is allowed, the move to and investment in outdoor activities and events will continue: \u2018So if you created a temporary outdoor dining experience in place of your caf\u00e9 or restaurant, consider if it would be worth keeping around in the longer term \u2013 or at least while the warmer weather remains. Stores can also consider boosting their food to go range as more shoppers will be keen to pick up a snack to enjoy while socialising with friends or family outdoors.\u2019<\/p>\n <\/p>\n Finally SF turns to Generation Z\u2019s (i.e. teenagers) top spending priority being on food this spring. A survey, conducted between February and March 2021, in the United States found that almost a quarter of the spending of Gen Z shoppers was on food. How easily a US trend amongst young people translates across to the UK teenager is less clear.<\/p>\n <\/p>\n [i]<\/a> More Britons say their personal income is not being impacted by COVID-19 (kantar.com)<\/a><\/p>\n [ii]<\/a> Flexible working: Lessons from the pandemic (cipd.co.uk)<\/a><\/p>\n [iii]<\/a> Lockdown legacies: the 10 shifts in consumer behaviour for retailers to be aware of (home.barclaycard)<\/a><\/p>\n [iv]<\/a> 2021BuyingGreenReport.pdf (triviumpackaging.com)<\/a><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" By Prof. Michael Winter One of the tasks in this project has been to keep an eye on what is usually called the \u2018trade press\u2019. And one of the publications, which I confess I was unaware of prior to this research project, is Speciality Food.\u00a0 For anyone who is interested in following food news, […]<\/p>\n","protected":false},"author":1361,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n1.\u00a0 They\u2019re optimistic despite Covid<\/strong><\/h4>\n
2.\u00a0 They\u2019re working from home<\/strong><\/h4>\n
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3.\u00a0 They\u2019re (still) shopping online<\/strong><\/h4>\n
4.\u00a0 They care about the planet<\/strong><\/h4>\n
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5.\u00a0 They\u2019re cashless<\/strong><\/h4>\n
6.\u00a0 They\u2019re happy to go al fresco<\/strong><\/h4>\n
7.\u00a0 They\u2019re spending more on food<\/strong><\/h4>\n