Sustainable Consumer 2023 Sustainable Products Deloitte Uk Retail trends 2024. looking back at 2023, the majority of retailers across the globe will reflect on the headwinds they faced with soaring inflation rates, subdued consumer confidence and spending. however, for some, the tailwinds caused by advances in the exponential growth of technology far outweigh any of the challenges they have faced. On balance more consumers have adopted a sustainable lifestyle in 2023 compared with a year ago. in the past 12 months there has been an increase in the proportion of consumers saying they have adopted a more sustainable lifestyle across 11 of the 23 sustainable behaviours we track in our research. in contrast, there was a fall in six of them.
Sustainable Consumer Behaviour And Lifestyle 2023 Deloitte Uk Retail trends 2024. looking back at 2023, the majority of retailers across the globe will reflect on the headwinds they faced with soaring inflation rates, subdued consumer confidence and spending. however, for some, the tailwinds caused by advances in the exponential growth of technology far outweigh any of the challenges they have faced. Bringing together the best of deloitte to support cfos. whether developing skills or navigating business challenges, cfo advisory can support. sustainability & climate. the journey to a sustainable economy, spurred on by global efforts to battle climate change, represents the greatest economic opportunity of the 21st century. Sustainable products are no longer niche. according to deloitte’s consumersignals, nearly half (46%) of consumers across 23 study countries purchased at least one sustainable good or service in april 2023. 1 this figure was even higher in 2021 (61%)—before inflation put a squeeze on household finances and fewer consumers could justify the. For most consumers, sustainability has been considered a “nice to have” in the brands they buy, but it’s rarely been table stakes.that’s about to change. our research suggests we’re on.
Sustainable Consumer 2023 Sustainable Products Deloitte Uk Sustainable products are no longer niche. according to deloitte’s consumersignals, nearly half (46%) of consumers across 23 study countries purchased at least one sustainable good or service in april 2023. 1 this figure was even higher in 2021 (61%)—before inflation put a squeeze on household finances and fewer consumers could justify the. For most consumers, sustainability has been considered a “nice to have” in the brands they buy, but it’s rarely been table stakes.that’s about to change. our research suggests we’re on. Research by deloitte, the leading consultancy firm, says that 52% of consumers are yet to create a more sustainable lifestyle due to the cost of eco friendly alternatives. a slightly higher percentage of people wouldn’t hesitate to switch if products were more affordable. coupled with the rising costs of energy and personal transport. 28% state unclear labelling as a main barrier to sustainable purchases. source: euromonitor international’s voice of the consumer: sustainability survey, fielded in january february 2023 (n=40,691) as consumers become more aware of the impact of their purchasing decisions, sustainability will become an increasingly important consideration.
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