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Episode 46: What's next for consumer demand? Part 2
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How are consumers reacting to economic headwinds?
“At a very high level, the picture that we are seeing is that inflation will drive top level growth in the industry. We expect retail sales to hold up, but that's being driven by inflation.”
For this episode of Freight to the Point, we’ve featured Part 2 of our Navigate session ‘What's next for consumer demand?’ with Alex Hersham and Richard Lim, Chief Executive of Retail Economics.
They discuss:
- Recessionary behaviours in consumers
- What the future of retail looks like
- How businesses should prepare in the event demand increases
Richard Lim
Richard is the CEO at Retail Economics and previously headed up the ‘Retail Insight and Analytics’ team at the British Retail Consortium. Before that, he worked in mergers and acquisitions for Citi Group. He has a wealth of experience in data analytics, consumer research and macroeconomics, and is skilled in generating actionable insights for clients. Richard is based in London and has a keen interest in Behavioural Game Theory.
Resources
Episode 45: What's next for consumer demand? Part 1
What can economic indicators tell us about what’s next for supply chains?
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