December 29, 2022
How to Understand Your Customers During Inflationary Times?
Inflation is harming customers, from petrol stations to grocery stores. As a result of feeling the squeeze, many consumers are reconsidering their buying behavior: 56% of U.S. consumers and 47% of U.K. consumers are willing to shop less. 75% of customers expect to delay electronic device purchases, while 36% will buy fewer groceries. Even famous names like Disney, Netflix, Walmart, and Target have seen customer losses or sluggish growth due to changes in consumer purchasing. The high...