A lasting effect of digitization and the pandemic has been the proliferation of consumer choice. From being able to purchase cars and furniture online, to the pandemic’s effect of pushing more shopping into infinite virtual shelves, consumers are facing more options. That vast choice and supply chain strain have affected brand loyalty to some degree, but not to the degree that you might think. And for marketers seeking to grow their brand through new customer acquisition, all that choice means a lot more competition for new buyers.
Click the link above to view an interesting infographic by Bain & Company.