Markets, disrupted. Adapt to changing dynamics to stay ahead in uncertain times
Market dynamics and shopper behavior are changing faster than ever – volatility has become a new norm. All these changes make it difficult to understand where you and your competitors stand, where your opportunities lie, and which trends will continue beyond tomorrow.
This uncertainty makes it more difficult to understand your market dynamics and shoppers’ purchase behavior, but this understanding is critical now more than ever.
To ensure profitability, grow penetration and market share, and successfully enter new markets, you need to understand your market and your performance in it: your current market share and penetration, how frequently customers buy and what they spend, your growth opportunities, your product/feature portfolio compared to market demand, trends in channel sales and how your distribution strategy fits in, your pricing and promotional activities, and more.
To gain this deep understanding, you need up-to-date intelligence that gives you a clear picture of the dynamics at play. With GfK’s Market Dynamics solutions, leaders in Technology Products & Durables, Retail, and FMCG can adjust quickly to changes for ultimate profitability.
GfK’s weekly data helps us to adjust forecasts and promotions rapidly, and to plan for crucial sales periods. It allows us to act based on what feels like live data, giving us increased visibility to maximize our business.Andrew LineHead of Consumer PC & Visuals 4P Lenovo, UK and Ireland
Develop strategies to win your market and drive sustainable growth
FMCG leaders receive tailored solutions to their key business questions based on GfK’s Consumer Panel, which combines diverse data sets with one of the largest scale, ongoing surveys, which runs across 17 countries globally.
With these services, you can:
- Understand market dynamics and shopper behavior: Know exactly what is happening in your market – your products, penetration, channels, consumer spend, pricing, promotions, and more – versus your competition
- React fast to capitalize first: Spot trends, identify opportunities, and pivot quickly to take advantage of new market and consumer trends
- Adjust product, distribution, and channel planning: Inform your key strategies based on data and facts