Consumers Are Willing to Sacrifice for Sustainability, Survey Finds
The survey also revealed that social media has influenced more than half (52%) of consumers’ sustainable shopping frequency. Nearly half (45%) said they were slightly to moderately influenced and 7% said they were moderately to significantly influenced.
For those influenced by social media, Facebook and Instagram had the biggest influence with 31% and 28%, respectively. Facebook is the most popular platform for ages 45 and older, and Instagram for ages 18-44, per the release. Surprisingly, Blue Yonder found that TikTok (16%) and Snapchat (5%) were not as large of an influence with consumers overall. However, these platforms had a larger appeal for respondents ages 18-29, with TikTok at 28%.
“Businesses are in a unique position to start making smarter decisions that consider not only profit, but the environment and humankind. With the use of powerful new technologies, these factors are no longer mutually exclusive,” Wong said. “Forecasting demand using AI and machine learning is one of the most effective ways to do this. These advanced tools can detect obscure business patterns from hundreds of variables, including the weather, price elasticity and events, to predict sales at the most granular levels. This allows businesses to operate responsibly (and profitably) via reduced waste, more efficient production, smarter transportation strategies, and reduced resource consumption.”
View an infographic from Blue Yonder highlighting more results from its 2023 Consumer Sustainability Survey here.