Posts

Showing posts with the label Consumers

2023 Autumn Korn Ferry China Consumer CEO Survey

Image
  Korn Ferry launched our semi-annual China consumer CEO survey since August 2022. With the recent movements in the economic conditions, we launched the third CEO survey this fall. Survey results are indicative of market trends and how companies are coping with the changes

Chinese Consumers of the Future 2023 -the Generation Shifts

Image
  When it comes to future consumers, most businessesthink of Gen Z, and a lot of research is focused on thisgroup. However, will the future consumer market reallybe dominated by this generation? How should we viewthe other generations? After asking a series of searchingquestion, we have arrived at a new answer: Firstly, theopportunities presented by generations other than Gen Zcannot be ignored. Generations X and Y are the twinengines of the consumer market in terms of both sizeand purchasing power. Secondly, generations are dynam-ic concepts, and certain underlying generational charac-teristics will remain constant across age and life stages a phenomenon that will continue to incubate nichemarkets. Finally, various sub-groups are gradually emerging within each generation, creating highly divergentconsumer demands. Now and over the long term, businesses must both grasp the overall generational trendsand dive deep to uncover the underlying opportunitiesthat changing generational pattern