Photo: Getty Images/FG Trade
Consumers’ recently renewed refocus on their local communities amid the pandemic will become a long-term trend bringing about the “Decade of the Home,” according to an Accenture study.
Among the findings based on two surveys taken in early-and mid-June of 8,000 consumers across 20 countries:
- Fifty-six percent said that the pandemic has caused them to shop neighborhood stores, with 79 percent planning to continue to do so long-term;
- Fifty-six percent said they’re buying more locally sourced products, with 84 percent planning to continue to do so long-term;
- Respondents showed a net 25 percent increase in intention of purchase local brands - and 20 percent for national brands - versus an eight percent net decline in intention to purchase global brands.
