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eLearning > Innovation > The 18 Megatrends > Module 1 / 7

Intro to Megatrends

Instructor: Armida Ascano
Megatrends
Download the Megatrends Trend Report
Every major or minor shift in a given industry can be traced back to evolving consumer desires. To understand where your opportunities lie, you need an understanding of what your customer truly wants and why. The 18 Megatrends matrix unpacks consumer desire using Trend Hunter's Patterns of Opportunity as a base.

Our Chief Insights Officer, Armida Ascano, will guide you through the methodology of the 18 Megatrends, what each of them means, and how to effectively use them. If you're looking to implement more consumer-centricity into your product or service, this course is perfect for you.
Related Trend Report: Megatrends
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Insights by Trend Hunter AI
Carefree Flight
Brands are developing services to assist with the logistics around traveling
Trend - Companies are launching simple services that intend to alleviate some of the stresses often associated with going on vacation. These manifest differently across the industry and are often geared toward taking care of tedious actions like getting luggage checked-in or planning outfits.
Workshop Question - In what ways can your brand answer to consumer impatience?
5.7
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Remote Culture
Companies utilize tech and services to be more inclusive toward remote employees
Trend - Work culture is important to companies as it creates a sense of belonging for employees, contributing to their wellbeing and loyalty. As remote workers and freelancers increase in numbers, many businesses search for ways to expand their culture beyond the constraints of the office building through technology and third-party services.
Workshop Question - What technology can you embrace in your business model to make remote employees feel more included?
6.1
Score
Popularity
Activity
Freshness
Patterns
Megatrends
AI Consumption
AI crosses over into food to offer both streamlined and experiential alternatives
Trend - AI integration continues to expand into other consumer categories like food and beverage, providing tools for efficiency, assistance and all-around enjoyment. AI is no longer something only attributed to robots and chat bots, rather, the integration into the actual production of food and beverage products speak to the mainstream use and acceptance for smart and automated solutions in consumers’ day-to-day rituals.
Workshop Question - In what way could you incorporate AI into your consumers' daily rituals and interactions with your business?
5.2
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Car-Share Collab
Brands partner with ride-sharing services to enhance customer experiences
Trend - The growth of partnerships between ride-share services and seemingly unrelated brands is increasing. Coupling the enhancement of experience with convenience, such partnerships reflect how brands are altering business models in order to cement their place in the life of the modern consumer.
Workshop Question - What is one brand unrelated to your own that your target consumer uses, and how could you partner with them?
3.5
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Precision Serum
Cosmetic serums adopt highly targeted formulations
Implications - Serums are increasingly targeted to specific areas of the body, either in formulation or marketing, offering consumers concerned with self-care additions to their routine that they believe are more effective. This shift benefits consumers for its comprehensive approach to care, while allowing brands to expand their product lines and enhance consumer trust via specialization.
Workshop Question - Consider a more targeted product/service your brand could create for the solution/s it's offering consumers.
4
Score
Popularity
Activity
Freshness
Patterns
Megatrends
In-Store DIY
Brands incorporate DIY elements into their retail spaces
Implications - Brands are enhancing their brick-and-mortar spaces by incorporating DIY components into them – a fact most prevalent in the food and beverage industry. These spaces cater to the consumer desire for customization in a way that also engages them, allowing for more positive associations with the brand and its perceived ability to offer experiential environments, with relatively minimal employee effort.
Workshop Question - How could your brand incorporate elements of DIY into its products/services or retail spaces?
6.8
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Financed Commodity
Buy-now-pay-later platforms gain popularity in purchasing everyday goods
Implications - Where layaway-type payment plans have traditionally been used to buy larger items like home appliances, this model is now being used for online purchases of things such as flights and clothing. For credit-averse Millennials, in particular, this shift means that consumers are able to debit the purchase today and pay for it in installments as funds become available. Solutions like these are especially important as consumption habits change and Millennial consumers continue to engage with brands that align with their core values and lifestyle preferences.
Workshop Question - What is your brand doing to adjust to continued shifts in consumption habits?
2.6
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Utilitarian Packaging
Technology enables packaging that improves products
Implications - In its most simplistic form, packaging has been seen as housing for a product; in its most evolved form, packaging was an enhancement to branding. However, the emergence of smart technology enables packaging that improves product functionality. This speaks to the increased consumer expectation for seamless products.
Workshop Question - What is one overlooked part of your product or service? What can you tweak about it to make it essential to the experience?
7.3
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Retail Tech Directory
Stores leverage technology to help consumers find and learn about products
Implications - To improve brick-and-mortar retail, brands are implementing advanced technologies like store map apps and navigation tablets. Giving shoppers the power to browse and direct themselves through a store using technology satisfies the consumer desire for quick and easy in-store shopping experiences. Simplifying the consumer’s path to purchase improves omnichannel retail by reinforcing the seamlessness of today's retail landscape.
Workshop Question - How can your brand improve the consumer's path to purchase through technological advancements?
3.1
Score
Popularity
Activity
Freshness
Patterns
Megatrends
Communicative Package
Data in packaging design enables products to communicate with consumers
Implications - Though technology is more advanced than ever, and consumers have come to expect connectivity at every turn, not all brands can organically integrate smart tech into their products. This has been especially challenging in the CPG world. Smart packaging that learns from and communicates to consumers is a step in the right direction. Using technology to create a dialogue between product and customer strikes the perfect balance of necessity and novelty to both innovate within a given category, and provide use to consumers.
Workshop Question - If you had to categorize your product or service, would it be more of a necessity, or novelty to your customer? How can you better strike a balance?
6
Score
Popularity
Activity
Freshness
Patterns
Megatrends