Wednesday 29 September 2010

Who's To Blame?


Working under the brands consultancy Magpie last year we predicted 4 trends for 2012.  One of these trends was Who's To Blame? As explained below.

Whilst researching on WGSN earlier today I came across a report of Youth Attitudes for 2011. This confirmed the line of thought we had predicted with this trend. 
"Facebook is increasingly becoming a portal for news and this is perhaps an indicator of how the young will start mobilising around key political, social and environmental issues."
The youth market are one of the most important future consumer groups and I think current advertising campaigns are starting to realise this and adapt to new digital technology. Although the youth market are not yet at the stage to buy into labels such as Louise Vuitton and Calvin Klein the use of fashion films and QR codes make this eventual consumer pay attention. Brands have to work a lot harder amongst youths as they are more skeptical towards advertising, savvy on the way in which brands promote a lifestyle and completely aware of advances in technology which just come naturally to them. It will be interesting to see how this develops over the next 10 years.

A daunting thought from the Todays Teen in 2020 Survey:
"Consumer trends suggest that today's teenagers will be known as "teens" until they are 35 years old, as the cost of living independently will become too expensive. As the price of energy rises due to an increase in consumption, so will living expenses, forcing most teens of today to be still living with their parents in 2020. Salaries will be lower, and young adults will have to prioritise small, functional and affordable products."
Joy.



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