From 24-hour in-app loans to e-commerce grocery stores, the August 2020 business trends showcase how brands are continuing to adjusting to the "new normal." Consumers have begun opening their wallets as economies slowly re-opening, and brands are tasked with fulfilling the evolving needs of buyers.
Notably, Amazon launched a new Go Grocery location in Redmond, Washington. The cashier-less the system is able to track customers as they enter the location, and it can monitor their purchases, minimizing the number of people in the store at one time.
In addition, the August 2020 business trends showcase the need for expedited, digital banking. Lydia, the French peer-to-peer payment app startup, partnered with Younited Credit to enable users to borrow between €500 and €3,000 directly in the app, with approvals guaranteed within 24 hours.
As the world continues to adjust to the "new normal," we can expect to see businesses evolving their strategies to meet consumer buying behavior.
- Gen Z
- Gen Alpha
- Millennial (primary audience)
- Gen X (primary audience)
