How COVID-19 Customer behavior affects industries #infographic

How COVID-19 Customer behavior affects industries #infographic

The COVID-19 pandemic has dramatically altered how and where buyers choose to invest their well-earned cash, besides altering some of the factors that decide to spend on buyers — such as consumer interest, unemployment rates, or living value — With McKinsey & Company's support, today's image draws data from a world study that analyzes how consumers rein in their spending, creating confusion in every imaginable sector. Although some companies in a higher position to the environment have an effect on this storm, others may want to fight to survive.

When shoppers struggle with frustration, their shopping mentally is particularly chaotic. What is clear, however, is that they have slashed spending on all non-essential goods and services. But as the raising US hits alongside the COVID-19 curve, we can see a glimmer of increasing optimism levels, associated in flip with higher expenditures.

Indian customers, for example, exhibit greater degrees of optimism, with households planning to increase spending – a pattern that is evident in China, Indonesia, and Nigeria as well. Meanwhile, however, US investors are more confident of the future than Europeans are. Thirty-seven percent of Americans trust us that in two to three months things will get better — while optimistic steps are best for people earning more than $100K.
How COVID-19 Customer behavior affects industries #infographic

infographic by: www.visualcapitalist.com

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