FMN | January 31st, 2022

FMN | January 31st, 2022

Vol. 24 No. 3 An N.V. Publication Market News FLEX Serving The Flexographic Printing Industry For More Than Two Decades ®

January 31, 2022

Consumer Attitudes Shift In 2022 reported by Greg Kishbaugh G lobal market research company Euromonitor Interna- tional has released its Top 10 Global Consumer Trends 2022 . Euromonitor’s annual report defines the trends mo- tivating consumer behavior and challenging business strat-

FINAT Plans For Labelexpo Show After an absence of 2.5 years, Eu- rope’s main flagship of the label in- dustry, Labelexpo Europe, is set to take place from April 26-29, 2022, in Brussels, Belgium. This year, the FINAT stand can be found in hall 3, stand C22. The stand will serve as a meeting point for FINAT members and all who wish to get a better understanding of the label industry. FINAT Presence FINAT’s presence at the show will have some special features: • FINAT will welcome collab- orators from CELAB-Europe, the consortium dedicated to creating a greater circularity for the indus- try’s products by enhancing and promoting matrix and release liner recycling. • FINAT will be announcing the winners of the 2021/2022 #LA- BELicious competition. The aim of this competition is to increase awareness among young creative designers and skilled technologists

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egies in the year ahead. Every year, Euromonitor Interna- tional identifies emerging and fast-moving trends that are expected to gain traction in the year ahead. These trends provide insight into changing consumer values, exploring how consumer behavior is shifting and causing disruption for businesses globally. Radical lifestyle shifts in the past few years motivated

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Consumer Trends (Cont’d from Page 1)

and staff shortages, exacerbate the issue. Backup Planners are getting ahead of the crowd, taking control and using technology to move to the front of the queue when supplies are threatened. Certain consumers are relying on subscription ser- vices or community group buying to secure deliver- ies. When thwarted, Backup Planners are reverting to the next best option, seeking alternatives and in some cases, delaying purchases or changing shop- ping habits. Two extremes are influencing shopping behaviors of Backup Planners—paying a premium or switching to cost-effective options, such as buy- ing secondhand or renting. By late 2022, supply chains should start to stabi- lize and access to products should revert to pre- COVID-19 levels. Yet, new shopping habits will dictate how Backup Planners discover and select products, from locally sourced to direct-to-consum- er brands to subscription services. Localization and optimization will become the norm. Companies and distributors should use >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16

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