We typically think of the “Lipstick Index” – where lipstick is a placeholder for small, low-cost consumer indulgences – when consumers feel uncertain about the economy. But we shouldn’t stop there.
So what happens post-inflation?
Automation is a related trend that is more machine-driven, but often relies on or benefits from innovations in AI software.
Companies need to think of not only their own operations, but how changes and innovations in their offerings can assist clients in their sustainability goals.
With prices high in so many areas, people are more likely to spend their money on products that offer real value.
As supply chains improve, the construction industry is still seeing challenges. In some areas, labor issues are raising costs to build and extending the time to complete projects.
More companies that we are speaking with are noting that there is increasing pressure on them to improve their operations along a variety of sustainability metrics.