By the end of 2022, COVID-19 dropped from the No. 1 concern (35%) in January to the No. 10 spot with a mere 11% saying it was a top worry in their country in December. The cost of living passed the pandemic as the No. 1 concern. - From IPSOS
In 1960, the U.S. made up nearly 70% of global R&D spending, and by 2020 this had fallen to 30%. Switzerland ranks at the top for the 12th year in a row—above the U.S., South Korea, and Israel. Globally, four of the five top R&D spending companies are in America: Amazon ($42.7 billion), Alphabet ($27.6 billion), Microsoft ($19.3 billion), and Apple ($18.8 billion). - From Visual Capitalist
The global population is getting older. By 2050, the OECD predicts that 30% of people worldwide will be aged 65 or over. North America only has two countries included in the ranking: Canada (#15) and the U.S. (#18), which both rank relatively high. - From Visual Capitalist
Shoppers are back in stores (76%) and their expectations are creating the “next normal.” But it won’t be the same as the old one. Today’s connected consumers have adapted to having purchases available for pickup and delivery, using self-checkout, and mobile payments. Tech-savvy retailers and associates can impress customers with expertise and efficiency. – From Retail Touch Points
Overall, the report found that it’s hard for brands to win with Gen Z. Across all brands that were scored, 33% of the general American public rated them as favorable, but for Gen Z respondents the number dropped to 27%. - From Visual Capitalist
Inflation will magnify consumer price-consciousness and leave many online shoppers less willing to spend as much on holiday gifts as in the past. Shoppers expect deeper discounts and will rely more on comparison shopping and price matching. - From Digital Commerce 360
In just 48 years, the world population has doubled in size, jumping from four to eight billion. Of course, humans are not equally spread throughout the planet, and countries take all shapes and sizes. When will the world's population reach 9 billion? - From Visual Capitalist
The ratio of failed eCommerce businesses to the successful ones is at declining levels, as 8 out of 10 online stores get abandoned within 24 months of their early growing stages. 23% shoppers are most happy to pay nothing more than the price of the product they are buying, i.e. free shipping. - From Business2Community
52% of consumers are more likely to be loyal to a retailer if they receive a personalized experience. 84% of consumers believe that in order for physical stores to survive, they need to make it all about customer experience. 62% of shoppers are more loyal to brands which send promotions while in-store. - From Infographic Journal
In 2021, the average American spent just over $60,000 a year. But where does all their money go? One category that varies the most between generations and relative needs is spending on healthcare. - From Visual Capitalist
Bain forecasts 7.5% nominal growth in US holiday retail sales. When factoring inflation, real growth is 1% to 3%. Six tips can help retailers capture their fair share this season and beyond. - Bain & Company
The digital surge over the last two years isn’t going anywhere. We predict online sales in November and December will reach $1.12 trillion worldwide and $265 billion in the U.S. While these are big numbers, they’re not an increase over 2021. - From Salesforce.com
When Google’s co-founders Larry Page and Sergey Brin pitched the idea of starting a Google web browser to CEO Larry Schmidt in 2003, he was worried that they couldn’t keep up with the fierce competition. Eventually, the co-founders convinced Schmidt, and in 2008, Google Chrome was released to the public. - From Visual Capitalist
The research team at Academic Influence searched the company bios of all of the CEOs of Fortune 500 companies in 2021 to find the colleges and universities they graduated from as well as the subject(s) they earned a degree in. - From Infographic Journal
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