Flippen: Well, I am just back from a week of vacation, and I've mentioned this before we started taping, but you have put a lot of prep into these four trends. Because I think they're inherently, kind of, pricing themselves in the market. Still has great potential, though, for dividend investors. The consumer segments that were more likely to associate natural and organic with food safety include individuals or households with allergies, families with children, and 21–29-year-olds. Digital technology has already permeated the path to purchase, as today’s consumers use websites, social media, and mobile apps not only to research products, compare prices, and make purchases, but also to provide feedback to peers and even companies. We surveyed 205 executives and senior managers in consumer-facing industries to ask: “What are the five most important areas where you would like to know more about US consumer behaviors and attitudes?” Across all surveyed industries, brand loyalty (47 percent) topped the list, followed by consumer willingness to pay higher prices (41 percent). Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. I think that within itself is really strong and really competitive, not to mention all of the work Etsy, as a business, as a company, has been doing to recreate the success at Etsy into other niches. We'll work through each of them briefly. Crop commodities in categories such as food (wheat, corn, rice, soybeans), beverages (coffee, cocoa), and cotton have trended upward over the past decade.15 The International Monetary Fund (IMF) Food Commodity Index has risen 44 percent over the past decade, and the IMF Beverage Commodity Index has increased 56 percent. [laughs], Flippen: [laughs] I actually came back from vacation this morning and I'm going to throw Aaron Bush under the bus here for a second. So, clearly, they're doing something right. So, anytime you hear something positive about a company you like from Aaron, that's how you know you're getting somewhere. The majority of consumers (74 percent) are paying close attention to the nutritional content of the foods they purchase and try to avoid preservatives and chemicals. Many consumer product companies risk being outpaced by these uncertainties because they are merely piloting projects as a proof of concept, and not rapidly moving the entire organization forward. And they had, I think, $346 million of platform value just on masks. So, let's start with Chewy -- small brand, big spend. However, even these companies should realize that a good compass—that is, setting a clear direction—is necessary but not sufficient. They have averaged $44 million a year in their capital expenditures. But as you were speaking here, I pulled up on my second monitor, the performance of Procter & Gamble versus the S&P 500, and over the past five years, it's actually outperformed the market by about 20%. Traditional brick-and-mortar business models may be dismantled as consumers fully embrace digital. Year to date, they have invested $171 million, six months, $171 million in these centers mostly. China Office Furniture Market - Growth, Trends, and Forecast (2020-2025). So, rugs, small tables, etc. These are products that don't go away overnight. One way to address commodity price volatility, higher commodity costs, and resource shortage is the application of food technology. “We used to be able to be successful serving just core consumers in grocers and mass merchandisers, but now we need to be present and deliberate in fragmented consumer segments and more channels.”—Packaged goods sales executive Our first uncertainty for 2020 relates to the economic environment in the United States—specifically, whether the continuing recovery uniformly helps consumers at all income levels. I see for some companies, they're going to have to back off their comps growth, just because they've had such a big jump this year, but where you might expect others to accelerate. But it's got this really strong snack component, Frito-Lay North America. Rich resides in Chicago during in his personal time Rich enjoys wine, cooking, reading, travel, and is an enthusiastic fan of Chicago's professional sports teams (Go Cubs Go).Georgia. Sharma: Yeah, this was great fun, Emily, I really enjoyed it. We sort of forgot about all these technological investments. Kim Porter, Now, their comps are down, the same with peers like Macy's and Nordstrom, they're seeing their comparable sales go south, while Target's are going north. The resource in question is water. I am taking your market share. No way, in my opinion, because I think that once those customers are gone, they're kind of gone. Target actually called out clothing in its last earnings call as one of its brightest areas. But I think Etsy is probably one of the most misunderstood small-scale e-commerce outlets, because so many people look at it and they think things like, oh, it's small-scale people just selling masks, how great can it really be? Suddenly their parents would be there saying, now you have to brush your teeth; it just wasn't kids rushing off to school. I'm the host of this Consumer Goods-focused episode, Emily Flippen, and today is Tuesday, Oct. 13. During in-store shopping, technology can enhance the in-store product experience and deepen the brand conversation to help consumers save time and make better decisions. I don't want to say there's two kinds of people, you know, club warehouse shoppers and other shoppers, I can't -- [laughs] quite true, but ... Flippen: You're going to get some emails now. Rich has significant experience in guiding clients through strategy-led transformation to achieve profitable growth. (CAGNY) Conference, New York, February 19, 2013, http://ir.kraftfoodsgroup.com/events.cfm. Conducted in July 2014, the Deloitte Social Media Study analyzed social media posts from the United States on the topics of “food safety” and “health and wellness.”. National Oceanic and Atmospheric Administration, National Climatic Data Center, “Billion-dollar weather and climate disasters: Overview,” http://www.ncdc.noaa.gov/billions/ accessed on March 30, 2015. 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