Lifestyles

WHAT'S NEXT?: Digital lifestyles are on the rise around the world and AR and VR will likely see us all using wearables, head-mounted displays and smartphones in almost everything we do. And, most of us will be living in cities too with full amenities close by.

• [New] Energy Systems Catapult has published its report Innovating to Net Zero finding that Net Zero by 2050 is possible with support for innovation and scale-up across three essential areas - Low Carbon Technology, Land Use and Lifestyle.
• [New] With 85% of the Netherlands' population shopping online in an e-commerce market worth an estimated €23.7 billion, it could be a fertile market for brands and retailers to unlock their selling potential and reach new customers.
• [New] Bolivia and Guatemala will have to make additional efforts to the current ones to ensure that 7 per cent of the population without electricity is connected, reaching values close to 100 per cent by 2030.
• Savills UK rural research predicts that the rural economy is more likely to perform positively in the five years ahead, at least once the first Brexit hurdle is passed and expects the capital appreciation scenario to prevail, with local factors remaining the predominant influence on land values.
• India's healthcare sector is expected to grow at a CAGR of 29% between 2015 and 2020, to reach US$ 280 billion, buoyed by rising incomes, greater health awareness, increased precedence of lifestyle diseases, and improved access to health insurance.
• The sales channels will integrate online and offline sales, reflecting our perception of the lifestyles and shopping habits of young urban consumer groups in the Internet age.
• Urbanization will contribute to sustainable growth thereby increasing productivity, allowing innovation and improving lifestyle.
• More than 165 million people are expected to go shopping between Thanksgiving Day and Cyber Monday this year.
• AI will emerge as a real and powerful tool for marketers in 2020: the dataset feeding AI enables companies to predict consumer behavior and nudge them with highly targeted, personal offers.
• Consumers are also less likely to head outdoors for purchases, favoring online shopping instead while the coronavirus exists: With supporting logistics limping back into operation, consumer demand in China could see a short burst in late Q1 and Q2 2020.
• Shopping trends are clearly shifting and UK consumers are increasingly shunning the high-street in favour of online platforms, which offer the immediacy expected; 48% of UK consumers intend to increase their use of digital shopping channels.
• Services such as the Loop are piggybacking on the growth of online food shopping in UK, where sales are expected to increase by 45% between now and 2024 to create a £16.7bn market.
• In the retail sector roughly 93 percent of UK internet users are expected to do online shopping by 2021, the highest online shopping penetration rate in Europe.
• Demand for high vitamins and proteins with low calories; increasing need for on-the-go snacks; and hectic consumer lifestyles will drive growth in healthy snack consumption at a compound annual growth rate of 5.2% through 2025.
• The CSP-TES cost values follow linear interpolations between the 2016 cost value, the current value of 10.3 ¢ / kWh in 2022 (the year in which current bids could begin operations), and the 2030 cost target.
• By 2024, the World Health Organization will identify online shopping as an addictive disorder, as millions abuse digital commerce and encounter financial stress.
• Australian supermarkets could have checkout-free shopping in 10 years as innovation in retail technology and an increasing focus on costs quickly make the traditional purchasing experience redundant.
• By 2023, individual activities will be tracked digitally by an Internet of Behavior to influence, benefit and service eligibility for 40% of people worldwide.
• New innovations will continue to emerge in 2019, as retailers and suppliers deliver targeted marketing and new ways to make online shopping more social.
• Though consumers have historically done more holiday shopping in stores than online, this year, it's changing: For the first time, shoppers will spend more time online (54 percent) than in stores (46 percent).
• By 2021 roughly 93% of UK internet users are expected to do online shopping, the highest online shopping penetration rate in Europe, with Germany, France, Spain, and Italy closely following suit.
• Data scientists are going to be in high demand for 2019, as companies continue to place an increasing emphasis on harnessing the full potential of their data, diving deep into customer behavior and industry trends.
• The trend of giving and receiving gift cards is expected to continue as online shopping and digital gift cards become even more popular.

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Last updated: 02 April 2020