I don’t think Global Covid-19 (epidemic) all over the country (or across the continent) could be one of the definitive events of 2020 and that means it will last for decades. The situation is changing rapidly. The number of thousands considered safe to gather in one place has gone from thousands to hundreds, tens. Restaurants, bars, cinemas and gyms in many big cities are closing. Meanwhile, many office workers face the challenges of working full-time remotely.
Basically, people agree with the reality of our interconnected world and how difficult it is to temporarily separate those connections with others. To say that we are living in an unprecedented time is a small phenomenon.
One of the responses we’ve seen to how people are coming to this time of isolation and uncertainty is the overnight change in their shopping behavior. From bulk shopping to online shopping, people are changing what they buy, when and how. Unnecessary businesses are ordered to close as more cities close, and consumers generally avoid public places. Restricting shopping to anything has become a new norm. Brands need to adapt and remain flexible to meet changing needs.
Coronavirus (pandemic) In pandemic diseases all over the country (or (pandemic)), consumers are concerned about their personal finances and discretionary costs. 35% of American adults are worried about the stability of their investments and 19% are worried about getting enough income for their daily expenses.
As the risk of an epidemic spreading across the country (or continent) in many parts of the world increases, 40% of Americans do not believe their finances will return to normal by the end of 2021 or beyond. 0% also say that as the New Year approaches, their prudent spending will decrease. In November 2020, net spending intentions were declining.
There has been a 40% increase in the cost of spending online since (epidemic) spread across the country (or across the continent). 64% still do not resume “normal” outdoor activities, referring to McKinsey as the “home” economy.