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RETAIL STRATEGY
By our News Team | 2022
More than half of consumers say they are giving more thought to the social and environmental impact of their purchases before they buy.
Australian consumers are rejecting the throwaway culture, instead snapping up sustainable options, according to new research from Monash University.
A report released by Monash Business School’s Australian Consumer and Retail Studies (ACRS) research unit has found that local consumers want sustainable products and are increasingly looking for more environmentally conscious shopping options.
Photo by Tom Fisk from Pexels
More than half (52%) of the 1,000 shoppers surveyed for the latest retail monitor report ‘Spotlight on Sustainability’, say they are giving more thought to the social and environmental impact of their purchases before they buy, and are even willing to pay more for products that are ethically produced.
Among the report’s key findings:
“Today’s customers are sustainability savvy and they are increasingly contemplating the social and environmental footprint of their purchases before they buy,” says the report’s lead author Dr Eloise Zoppos, Principal Research Consultant and Research Fellow in the ACRS research unit, in Monash Business School’s Department of Marketing.
“Pleasingly, both industry and government are taking note, actively seeking sustainable solutions to meet consumer demand and making sustainability a priority,” she adds.
Over the last three months, participants in the Spotlight on Sustainability survey purchased clothes, footwear and accessories (70%), personal care (49%), household goods (42%), books and stationery (38%), consumer electronics (26%), toys and games (24%) travel and tourism (21%), media and entertainment (18%), automotive (16%) and sporting goods and equipment (16%).
Consumers want locally sourced and produced goods
The report’s findings show that consumers are notably keen to support locally sourced and produced goods (44%) and increasingly aware of the benefits of offsetting costly carbon emissions from shipping and transportation, they are also prepared to pay more for locally produced items.
And, they are walking the talk, with 96% engaging in sustainable practices such as bringing their own shopping bags and recycling product waste regularly, over the three months of the survey.
“It is clear from our research that sustainable shopping practices are important to us, and from a lifestyle perspective, most Aussie shoppers are engaging with sustainable lifestyle practices and are committing to them,” says Dr Zoppos.
Aussie shoppers are increasingly more conscious of the environmental impact of their purchases and everyday activities and believe they can make a difference—and many retailers are getting on board, the report says.
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Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.