Consumer Attitudes (Cont’d from Page 3)
positively impacting the environment. Consumers want to live sustainably and minimize environmental footprints. At the same time, afford- ability became a crucial factor during the unstable economic situation. Certain consumers also desire exclusive or unique pieces that may have a high- er price tag. These drivers propelled secondhand shopping to the mainstream. Vintage and slow fashion helped this trend flour- ish in the apparel market. Younger generations are on the Pursuit of Preloved, searching for one-of-a- kind products. One-fifth of consumers will consider increasing purchases of secondhand items in the future. Consumers are continuously taking stock of their belongings to determine which items to keep, up- grade, resell or donate. The plethora of apps avail- able to sell and buy secondhand and the desire for sustainable options are influencing the Pursuit of Preloved. Companies are implementing new business mod- els and embracing the circular economy as consum- ers shift to consignment shopping. Pursuit of Pre- loved has been prevalent in the apparel industry for years but is expanding into other fast-moving consumer goods.
lishing a presence now will be at the forefront as virtual social environments and AR/VR develop. Innovative companies have already employed AR/ VR applications in their business processes. Con- sumers using online games and video-first social media for streaming and socializing are establish- ing the groundwork for The Metaverse Movement. Improvements in AR/VR capabilities and lower equipment costs will increase access to 3D virtu- al spaces. Consumers who already interact with immersive online social settings will spend even more time in entirely computer-generated environ- ments. As The Metaverse Movement continues to gain tech-savvy participants, businesses must learn their role to increase brand recognition and gener- ate revenue. Pursuit of Preloved Thrifting is trending. Consumers are moving from an owning to an experiencing mindset. Sustainabil- ity and individuality are removing the stigma asso- ciated with secondhand shopping and driving peer- to-peer commerce. Businesses need to do more with less. Investing in circular economy initiatives, such as recycling, rental or resale programs, will drive value whilst
(Cont’d on Page 7)
Are you using the correct End Seal?
We provide OEM replacement and custom End Seals for all your needs.
Properly designed end seals and the correct material for your press will help eliminate leaking and preserve the life of your seal, thereby reducing down time. To best match your your end seal to your application, please contact us.
Engineered Solutions for All Your Flexo Doctoring Needs!
220 Adams St. Riverside, NJ 08075 www.allisonblades.com
Tel: 856-461-9111 Fax: 856-461-9373 sales@allisonblades.com
Flexo Market News February 14, 2022 5
www.nvpublications.com
Made with FlippingBook Digital Proposal Creator