Resource Type: Infographics
Tag: Customer experience
INFOGRAPHIC
How Brands Can Adapt To The Cost-of-Living Crisis
The cost-of-living crisis is defining much of 2023 so far, but the impact is not just on consumers. As consumers shift spending patterns to seek value-for-money and practical purchases, brands too are feeling the effects. Learn more about these changing buyer habits and how brands can adapt here.
October 3, 2023
Resource Type: Infographics
INFOGRAPHIC
How Brands Can Adapt To The Cost-of-Living Crisis
The cost-of-living crisis is defining much of 2023 so far, but the impact is not just on consumers. As consumers shift spending patterns to seek value-for-money and practical purchases, brands too are feeling the effects. Learn more about these changing buyer habits and how brands can adapt here.
October 3, 2023
2 min read
October 3, 2023
2 min read
By Catz Thompson, Isabel Murphy
In the UK, inflation rates are expected to fall in 2023 yet still remain above 3%. As stagnating wages and rising inflation rates coincide, consumers are starting to feel the impact of the cost-of-living crisis.
But it's not just shoppers that are feeling the pinch – brands, too, are facing challenges during this cost-of-living crisis.
Explore the infographic below to learn how brands can manage and mitigate the financial challenges ahead.
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