Analysis

COVID-19: Tracking the impact on FMCG, retail, and media

Analysis

COVID-19: Tracking the impact on FMCG, retail, and media

Around the world, markets and consumers are now living with the novel coronavirus (COVID-19), and businesses are reorienting to the changing global corona-economy, each with varying levels of success.

NielsenIQ is tracking these changes via consumer analytics and establishing clear navigation beacons for companies trying to understand the changes and plan for what comes next. Visit our content hub for the latest news and insights.

 


Much of the long-term impact will depend on a market’s ability to create a stable, adjusted normal and navigate three exit scenarios.

Understanding COVID-19 implications through Nielsen's future framework

Anticipating the long-term impact of Covid-19 testing

The impact of the current pandemic will be felt by countries, consumers, and businesses around the world for years to come. As countries ease restrictions in an effort to restart their economies, the evidence of significant structural, economic, employment, and policy effects will manifest in permanent, changed consumer behavior.

Companies will need to consider the implications of consumers’ changed needs and behaviors and reconfigure their strategies for the future, while still creating agile solutions for today’s environment.

The unemployment divide

COVID-19-related unemployment is dividing consumers. With future socioeconomic consequences weighing much heavier on spending decisions, the impact across consumer groups isn’t equal. Constrained spenders, or those whose incomes have been negatively impacted by COVID-19, will spend to survive, compared with insulated spenders, who may adjust situationally even though their incomes remain unchanged by the pandemic.

The consequences of the COVID-19 pandemic will persist into the future. Markets will ensure recessionary conditions, industries will be crippled. Populations, particularly the young, will face years of no and low employment.

—Scott McKenzie, Global Intelligence Unit Leader, NielsenIQ

Interested in more market-specific insights around the impact of COVID-19 on consumer behavior? Learn more about our global survey.