There have been many cultural changes so far in 2008. Some of these changes are in response to the rapid increase in the price of oil and other commodities. Some of these changes have been due to technological innovations. In both cases new behavior patterns are being established that will, to some degree become permanent and will create new dynamics in certain industries. Today we take a look at some of the predictions made here last January.
The predicted shopping trends were written with a long term view. What is interesting is that the high price of gasoline has accelerated the speed of implementation of some of the forecasts. On shopping, this column forecast:
“Shopping behavior will noticeably change……purchases will go down per capita. This will due to belt tightening but also due to the effect of the explosive growth that on-line sales will now have on off-line sales.”