A survey conducted in October 2022 found that a majority of consumers in the U.S. were concerned about a potential recession. An almost equal share were worried about inflation.
The Consumer Sentiment Index in the United States stood at 64.7 in January 2025, an increase from the previous month. The index is normalized to a value of 100 in December 1964 and based on a monthly survey of consumers, conducted in the continental United States. It consists of about 50 core questions which cover consumers' assessments of their personal financial situation, their buying attitudes and overall economic conditions.
A survey conducted in 2022 found that consumers in the United States were more worried about inflation over any other issue. Inflation in the United States exceeded ***** percent for much of the year, reaching a peak of *** percent in *********. A further ** percent of survey respondents were concerned about the economy.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Analysis of ‘USA Key Economic Indicators’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/calven22/usa-key-macroeconomic-indicators on 28 January 2022.
--- Dataset description provided by original source is as follows ---
Domino’s Pizza, like many other restaurant chains, is getting pinched by higher food costs. The company’s chief executive, Richard Allison, anticipates “unprecedented increases” in the company’s food costs, which could jump by 8-10%. He said that is three to four times what the pizza chain would normally expect in a year.
This leads to the paramount issue of inflation which affects every aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates. The recent release of consumer inflation data showed prices rose at the fastest pace since 1982. Inflation forecasting is key in the conduct of monetary policy and can be used in many other ways such as preserving asset values. This dataset is a consolidated macroeconomic official statistics from 1981 to 2021, containing data available in month and quarterly format.
The Core Consumer Price Index (ccpi) measures the changes in the price of goods and services, excluding food and energy due to their volatility. It measures price change from the perspective of the consumer. It is a often used to measure changes in purchasing trends and inflation.
Do note there are some null values in the dataset.
All data belongs to the U.S. Bureau of Economic Analysis official release, and are retrieved from FRED, Federal Reserve Bank of St. Louis.
What are some noticeable patterns or seasonality of the economy? What are the current trends of the economy? Which indicators has an effect on Core CPI or vice-versa based on predictive power or influence?
Quarterly data and monthly data can be merged with forward-fill or interpolation methods.
What is the forecast of Core CPI in 2022?
--- Original source retains full ownership of the source dataset ---
The data displayed in this theme of the Florida’s Roadmap to Living Healthy are quantitative measures that present the economic condition of Florida’s communities. The data sets contained in this themed map provide the business community and policymakers with relevant and useful statistics needed to make informed decisions to positively affect Florida’s economy. The Florida Department of Agriculture and Consumer Services has used the most current economic statistics from trusted sources such as the United States Census Bureau, U.S. Department of Labor Bureau of Labor Statistics, Consumer Financial Protection Bureau, U.S. Department of the Treasury Community Development Financial Institutions Fund, Social Security Administration, Florida Department of Children and Families, CareerSource Florida, and Esri to build this custom visualization. The economic data used for this themed map includes topics, such as unemployment rates, rural and underserved communities, New Market Tax Credits (NMTC), poverty indicators, career centers, and other related topics. The economic data shown in this themed map is useful for data-driven planning and decision making at the local and state level that could influence growth in various economic sectors.For technical assistance, contact Ronnie Blanco at ronaldo.blanco@freshfromflorida.com
Envestnet®| Yodlee®'s Consumer Spending Data (Aggregate/Row) Panels consist of de-identified, near-real time (T+1) USA credit/debit/ACH transaction level data – offering a wide view of the consumer activity ecosystem. The underlying data is sourced from end users leveraging the aggregation portion of the Envestnet®| Yodlee®'s financial technology platform.
Envestnet | Yodlee Consumer Panels (Aggregate/Row) include data relating to millions of transactions, including ticket size and merchant location. The dataset includes de-identified credit/debit card and bank transactions (such as a payroll deposit, account transfer, or mortgage payment). Our coverage offers insights into areas such as consumer, TMT, energy, REITs, internet, utilities, ecommerce, MBS, CMBS, equities, credit, commodities, FX, and corporate activity. We apply rigorous data science practices to deliver key KPIs daily that are focused, relevant, and ready to put into production.
We offer free trials. Our team is available to provide support for loading, validation, sample scripts, or other services you may need to generate insights from our data.
Investors, corporate researchers, and corporates can use our data to answer some key business questions such as: - How much are consumers spending with specific merchants/brands and how is that changing over time? - Is the share of consumer spend at a specific merchant increasing or decreasing? - How are consumers reacting to new products or services launched by merchants? - For loyal customers, how is the share of spend changing over time? - What is the company’s market share in a region for similar customers? - Is the company’s loyal user base increasing or decreasing? - Is the lifetime customer value increasing or decreasing?
Use Cases Categories (Our data provides an innumerable amount of use cases, and we look forward to working with new ones): 1. Market Research: Company Analysis, Company Valuation, Competitive Intelligence, Competitor Analysis, Competitor Analytics, Competitor Insights, Customer Data Enrichment, Customer Data Insights, Customer Data Intelligence, Demand Forecasting, Ecommerce Intelligence, Employee Pay Strategy, Employment Analytics, Job Income Analysis, Job Market Pricing, Marketing, Marketing Data Enrichment, Marketing Intelligence, Marketing Strategy, Payment History Analytics, Price Analysis, Pricing Analytics, Retail, Retail Analytics, Retail Intelligence, Retail POS Data Analysis, and Salary Benchmarking
Investment Research: Financial Services, Hedge Funds, Investing, Mergers & Acquisitions (M&A), Stock Picking, Venture Capital (VC)
Consumer Analysis: Consumer Data Enrichment, Consumer Intelligence
Market Data: Analytics B2C Data Enrichment, Bank Data Enrichment, Behavioral Analytics, Benchmarking, Customer Insights, Customer Intelligence, Data Enhancement, Data Enrichment, Data Intelligence, Data Modeling, Ecommerce Analysis, Ecommerce Data Enrichment, Economic Analysis, Financial Data Enrichment, Financial Intelligence, Local Economic Forecasting, Location-based Analytics, Market Analysis, Market Analytics, Market Intelligence, Market Potential Analysis, Market Research, Market Share Analysis, Sales, Sales Data Enrichment, Sales Enablement, Sales Insights, Sales Intelligence, Spending Analytics, Stock Market Predictions, and Trend Analysis.
Additional Use Cases: - Use spending data to analyze sales/revenue broadly (sector-wide) or granular (company-specific). Historically, our tracked consumer spend has correlated above 85% with company-reported data from thousands of firms. Users can sort and filter by many metrics and KPIs, such as sales and transaction growth rates and online or offline transactions, as well as view customer behavior within a geographic market at a state or city level. - Reveal cohort consumer behavior to decipher long-term behavioral consumer spending shifts. Measure market share, wallet share, loyalty, consumer lifetime value, retention, demographics, and more.) - Study the effects of inflation rates via such metrics as increased total spend, ticket size, and number of transactions. - Seek out alpha-generating signals or manage your business strategically with essential, aggregated transaction and spending data analytics.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Bath & Body Works announces cautious financial forecasts due to economic unpredictability and shifts in consumer spending patterns.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Explore the anticipated 5% increase in U.S. Easter spending, driven by candy and gifts purchases, despite inflation concerns.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Kellanova's Q1 sales fell short of expectations due to economic challenges, including inflation and weakened consumer spending, impacting its largest market, the U.S.
In case prices for goods and services go up significantly in 2023, over ** percent of consumers around the world said they would shop less in general and cut down on spending as a response. A fifth of survey respondents said they would look for and purchase cheaper and better value products. Less than **** percent of those surveyed worldwide believed inflation would be unlikely to impact their habits. What does inflation look like? The world entered a new inflation crisis in 2021, driven by a confluence of factors including the COVID-19 pandemic which restricted global supply chains, and the Russian-Ukraine war which exacerbated food and energy shortages. In 2022, global inflation hit **** percent, the highest annual increase in decades. The rate of inflation is estimated to remain high in the near future, at around *** percent in 2023 and *** percent in 2024. Inflation dominated the list of most important problems facing the world according to a survey conducted in October 2023 – leading ahead of poverty and social inequality, crime and violence, and unemployment. In a global consumer trends survey, the majority of respondents said that inflation impacted them completely or a lot – for instance, ***** in ** respondents in the United States admitted they had been seriously impacted. Inflation’s impact on the holidays The end-of-year holiday season is typically regarded as a period of increased retail spending, driven by a series of major shopping events such as Black Friday and Cyber Monday, as well as the public holidays Thanksgiving and Christmas. However, inflation has put a damper on the holiday cheer, with consumers expressing their intentions to cut back spending amid the cost-of-living crisis. In 2022, a significant share of consumers in Europe said they planned to cut at least some related expenses. In fact, ** percent of respondents in the United Kingdom planned to cut all expenses related to Black Friday and Christmas.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
President Trump's tariffs have significantly impacted the U.S. toy market, leading to increased prices and potential shortages, highlighting broader economic challenges.
https://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy
The US food service market, a significant segment of the broader American economy, exhibits robust growth potential. While precise market size figures for 2025 are not provided, leveraging the available CAGR and considering the overall economic strength and consumer spending patterns in the US, a reasonable estimation places the 2025 market size at approximately $800 billion. This substantial value reflects the diverse nature of the sector, encompassing quick-service restaurants (QSRs), fast-casual establishments, full-service restaurants (FSRs), and cafes. Key drivers include evolving consumer preferences toward convenience and diverse culinary experiences, increasing disposable incomes, and the expansion of online ordering and delivery services. The growth is further fueled by the rise of ghost kitchens and cloud kitchens, optimizing operational efficiency and expanding delivery capabilities. However, challenges such as rising food costs, labor shortages, and increasing competition continue to influence market dynamics. The market is segmented by foodservice type (QSR, FSR, cafes), outlet type (chained vs. independent), location (standalone, retail, etc.), and cuisine type, offering various investment and growth opportunities. The presence of major players like McDonald's, Starbucks, and Chipotle highlights the market's competitiveness and maturity. Growth projections for the US food service market through 2033 suggest continued expansion, albeit at a potentially moderated rate compared to historical highs. Sustained economic growth and a favorable demographic landscape will be key factors. However, potential economic downturns, shifts in consumer spending, and persistent supply chain disruptions could pose challenges. The ongoing trend towards healthy and sustainable options will likely shape menu innovation and consumer choices. Further market segmentation and customization are expected, driven by data-driven insights and personalized marketing. The continued expansion of digital technologies, such as AI-powered ordering systems and enhanced customer loyalty programs, will also reshape market operations and customer interactions. The increasing importance of sustainability and ethical sourcing will influence supplier relationships and consumer choices, driving a shift towards environmentally and socially responsible practices within the industry. Recent developments include: January 2023: Bloomin' Brands declared that its brand Outback Steakhouse opened its redesigned stores in Spring's Grand Parkway Marketplace.December 2022: MTY Food Group Inc., one of its wholly owned subsidiaries, acquired all of the issued and outstanding shares of COP WP Parent Inc. (Wetzel’s Pretzels) from CenterOak Partners. Wetzel’s Pretzels is an American chain of fast-food restaurants specializing in pretzels and hot dogs, operating in the United States, Canada, and Central America.November 2022: Papa John's opened its 500th restaurant with a Chipotlane®, the brand's digital order drive-thru pick-up lane in Louisville, United States.. Notable trends are: The introduction of vegan, low-sugar, and gluten-free options has fuelled the full-service restaurant's growth.
Economic concerns prevailed over environmental issues, or clean energy solutions among household decision-makers in the United States from 2016 to 2019. As of February 2019, around ** percent of the U.S. residential consumers stated that keeping their bills affordable was the most significant energy-related concern. In the same year, just ** percent of this population considered a concern increasing the use of wind power.
https://www.icpsr.umich.edu/web/ICPSR/studies/7451/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/7451/terms
This data collection is one in a series of financial surveys of consumers conducted annually since 1946. In a nationally representative sample, the head of each family unit was interviewed. Starting in 1966, in order to examine the effect that increased car ownership was having on American families, the data collected in this series were organized so that they could be analyzed by both family unit and car unit. The 1971 data are based on car unit. Survey questions regarding automobiles included number of drivers and car owners in the family, make and model of each car, purchase method, car financing and installment debt, and expectations of car purchases in the coming year. Other questions in the 1971 survey covered the respondent's attitudes toward national economic conditions (e.g., the effect of United States relations with Vietnam, Cambodia, and in the Middle East, inflation and unemployment on United States business) and price activity, as well as the respondent's own financial situation. Other questions examined the family unit head's occupation, and the nature and amount of the family's income, debts, liquid assets, changes in liquid assets, savings, investment preferences, and actual and expected purchases of major durables. In addition, the survey explored the subject of housing and neighborhood characteristics. Questions in this survey also focused on credit card use and purchases. Personal data include age and education of head, household composition, political affiliation, and occupation.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The global luxury sector is facing significant challenges due to rising US-China trade tensions and economic uncertainties, affecting major brands and market growth.
The Consumer Expenditure Survey (CE) program provides a continuous and comprehensive flow of data on the buying habits of American consumers. These data are used widely in economic research and analysis, and in support of revisions of the Consumer Price Index. To meet the needs of users, the Bureau of Labor Statistics (BLS) produces population estimates for consumer units (CUs) of average expenditures in news releases, reports, issues, and articles in the Monthly Labor Review. Tabulated CE data are also available on the Internet and by facsimile transmission (See Section XVI. APPENDIX 5). These microdata files present detailed expenditure and income data from the Interview component of the CE for 2005 and the first quarter of 2006. The Interview survey collects data on up to 95 percent of total household expenditures. In addition to the FMLI, MEMI, MTBI, and ITII files, the microdata include files created directly from the expenditure sections of the Interview survey (EXPN files). The EXPN files contain expenditure data and ancillary descriptive information, often not available on the FMLI or MTBI files, in a format similar to the Interview questionnaire. In addition to the extra information available on the EXPN files, users can identify distinct spending categories easily and reduce processing time due to the organization of the files by type of expenditure. Estimates of average expenditures in 2005 from the Interview Survey, integrated with data from the Diary Survey, will be published in the report Consumer Expenditures in 2005 (due out in 2007). A list of recent publications containing data from the CE appears at the end of this documentation. The microdata files are in the public domain and, with appropriate credit, may be reproduced without permission. A suggested citation is: "U.S. Department of Labor, Bureau of Labor Statistics, Consumer Expenditure Survey, Interview Survey, 2005."
Consumer Units
Sample survey data [ssd]
There was a sample redesign in 2005. The sampling frame is now generated from the 2000 Population Census 100-percent-detail file. As a result, users will not be able to link all consumer units whose participation spanned 2004 and 2005 sample designs. It is suggested that users use the 2003 and 2004 data or the 2005 and 2006 data for any micro-level longitudinal analysis. 2005 data users should be aware that the 2005 first quarter (q051) data on the 2004 data are from the old sample design, while the q051 data on the 2005 data are from the new sample design. Consequently, the data are not the same. Due to the sample design change, there are no January interview data on the q051 files of the 2005 data. Please be aware that collection period estimates (see section V.A.1.b.) will be affected because of this. Aggregate collection period estimates will require inflation by factors of 3/2 (for q051 estimates) to 12/11 (for 2005 annual collection period estimates). This adjustment will roughly compensate for the missing January interviews. For calculations of averages, January interview data are missing from both the numerator and the denominator and these estimates are not as severely affected. Calendar period estimates are not affected because all expenditures from January interviews fall into the q044 time period.
Computer Assisted Personal Interview [capi]
https://ropercenter.cornell.edu/roper-center-data-archive-terms-and-conditionshttps://ropercenter.cornell.edu/roper-center-data-archive-terms-and-conditions
Public opinion poll on: Animals; Asia; Business; China; Communications Technology; Congress; Consumer; Economics; Elections; Energy; Environment; Europe; Family; Finances; Foreign Policy; Future; Government; Groups and Organizations; Health; Ideology; India; Information; Japan; Latin America; Local; Media; Mood; Notable People; Nuclear; Participation; Political Partisanship; Presidency; Regulation; Religion; Science; Social Media; Spending; States; Taxing; Technology; Television; Transportation.
https://www.icpsr.umich.edu/web/ICPSR/studies/9557/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/9557/terms
This data collection is part of a continuing series of monthly surveys that evaluate the Bush presidency and solicit opinions on a variety of political and social issues. Major topics covered include Iraq's invasion of Kuwait, the economy, the federal government, and the upcoming congressional election. Respondents were asked if they approved of the way Bush, King Hussein of Jordan, Mikhail Gorbachev, and Jesse Jackson were handling the situation caused by Iraq's invasion of Kuwait, how important it was for Iraq to withdraw from Kuwait, if they approved of Bush's decision to send American military forces to the Persian Gulf, if they thought Bush had been tough enough with Iraq, if the United States should strike first against Iraq, if the United States would have to get involved in a land war with Iraq, and if the economic boycott would make Iraq withdraw from Kuwait. Concerning economic issues, respondents were questioned about consumer prices and taxes. They were also asked for their opinions on which country was the strongest economic power, whether life was easier or harder for young people currently, and whether it would be easier or harder ten years from now. Other questions revolved around confidence in various American institutions, respondent's trust in the federal government, the level of ethics and honesty in politics, the degree to which public officials care about people like the respondent, and the importance of various political and social issues in deciding which candidate and political party to vote for on election day. Background information on respondents includes political alignment, 1988 presidential vote choice, registered voter status, education, age, religion, social class, marital status, number of people in the household, labor union membership, employment status, race, income, sex, and state/region of residence.
NOR Flash Market Size 2024-2028
The NOR flash market size is forecast to increase by USD 1.68 billion at a CAGR of 10.06% between 2023 and 2028.
The market is experiencing significant growth due to the increasing demand for high-performance electronics in various industries, including automotive, consumer electronics, and industrial automation companies in the market are focusing on new product launches to cater to this demand and gain a competitive edge. Additionally, environmental regulations and standards for electronic waste disposal are driving the market, as consumers and governments prioritize sustainability. These trends are expected to continue shaping the market In the coming years. However, challenges such as price volatility and supply chain disruptions due to geopolitical tensions remain key concerns for market participants. Overall, the market is poised for steady growth, driven by technological advancements and evolving industry trends.
What will be the Size of the NOR Flash Market During the Forecast Period?
Request Free Sample
The market is experiencing significant growth, driven by increasing demand for NOR flash memory in various applications, particularly In the automotive industry and consumer electronics. Smartphones, smart TVs, smart home devices, and wearables are leading the charge in consumer electronics, with automotive applications such as advanced driver-assistance systems (ADAS) and infotainment systems also contributing to the market's expansion. Economic decline and inflation have not deterred demand, as consumers continue to prioritize technology upgrades. The average selling price for NOR flash memory has remained stable, despite inventory issues and the introduction of 5G smartphones and their increased requirement for 5G network connectivity.
Additionally, NOR flash memory plays a crucial role in data centers, embedded code storage, medical devices, and remote monitoring systems, further expanding its market reach. Companies like Micron Technology are investing in fabrication facilities to meet the growing demand for NOR flash memory, ensuring its continued relevance In the technology landscape.
How is this NOR Flash Industry segmented and which is the largest segment?
The NOR flash industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Serial NOR flash
Parallel NOR flash
End-user
Consumer electronics
Communication
Automotive
Industrial
Others
Geography
APAC
China
North America
US
Europe
South America
Middle East and Africa
By Type Insights
The serial NOR flash segment is estimated to witness significant growth during the forecast period.
Serial NOR flash, a type of non-volatile memory, utilizes a single data line for communication with the processor, simplifying the interface and reducing power consumption. Ideal for space-constrained applications in consumer electronics, automotive systems, and IoT devices, serial NOR flash offers benefits such as compact form factor, power efficiency, and reliable data retention. Major players like Infineon Technologies AG provide high-performance, low-pin-count SPI NOR flash memory solutions for embedded systems, including HYPERFLASH, Quad SPI Flash, and Dual QSPI Flash. This memory type is particularly valuable in sectors experiencing economic decline, inflation, and inventory issues, such as consumer electronics, where quick boot times and data retention are essential. Applications include smartphones, smart TVs, smart home devices, and 5G smartphones with 5G network connectivity. Additionally, serial NOR flash is used in data centers, electric vehicles, mobile phone production, high-end electronic devices, medical devices, and wearables. Memory hierarchy, hardware security, neuromorphic computing, and low-power memory are ongoing areas of research and development.
Get a glance at the NOR Flash Industry report of share of various segments Request Free Sample
The serial NOR flash segment was valued at USD 1.32 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 60% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request Free Sample
The market In the Asia-Pacific (APAC) region is experiencing significant growth due to the high concentration of consumer electronics manufacturers. This trend is driven by the production of various devices, such as smartphones, smart TVs, and smart home appliances, which r
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The Circular Economy Consulting Services market is experiencing robust growth, projected to reach $233.44 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 8.45% from 2025 to 2033. This expansion is driven by increasing corporate sustainability initiatives, stringent environmental regulations globally, and a growing consumer preference for eco-friendly products and services. Key industries driving demand include fashion and textiles, consumer electronics, and construction, each facing pressure to reduce waste and improve resource efficiency. The automotive and logistics sectors are also significant contributors, focusing on supply chain optimization and reducing carbon footprints. Furthermore, the rising adoption of circular economy principles across diverse sectors like agriculture, furniture, and oil & gas is fueling market growth. Leading consulting firms like Accenture, Deloitte, and BCG are actively capitalizing on this trend, offering specialized expertise in areas such as lifecycle assessment, waste management strategies, and sustainable supply chain design. The market's geographical distribution shows strong potential across North America and Europe, with Asia-Pacific emerging as a rapidly growing region driven by increasing industrialization and government support for circular economy initiatives. The competitive landscape is characterized by a mix of large multinational consultancies and specialized circular economy firms. While large firms leverage their broad expertise and global reach, smaller specialized firms offer niche expertise and tailored solutions. Future growth hinges on continued technological advancements, particularly in areas like digitalization and data analytics, which improve the efficiency and accuracy of circular economy strategies. The increasing availability of funding for sustainable projects and a heightened awareness of the long-term economic and environmental benefits of circularity will also positively impact market expansion. However, challenges remain, including the need for standardization of circular economy metrics and the complexities involved in implementing comprehensive circular solutions across diverse value chains. Overcoming these hurdles through collaboration and innovation will be crucial for sustained market growth throughout the forecast period. This comprehensive report provides a detailed analysis of the Circular Economy Consulting Services Market, offering invaluable insights for businesses, investors, and policymakers navigating the transition to a more sustainable future. The market is projected to experience significant growth, driven by increasing regulatory pressures, heightened consumer awareness of environmental issues, and the urgent need to mitigate climate change. This report covers the period 2019-2033, with a focus on the forecast period 2025-2033 and a base year of 2025. The market is expected to reach a value in the billions of USD in the near future. Recent developments include: February 2024: Deloitte unveiled its strategic move to bolster business engagement in circular practices, aiming to curb waste and promote material circulation. This initiative is underpinned by a notable collaboration with Circle Economy Consulting, an offshoot of the renowned Circle Economy Foundation. Projections indicate that the circular economy could slash emissions by 40%, foster the creation of almost 2 million jobs, and burgeon into a market valued at USD 2 to 3 billion soon.June 2023: SAP and Versuni unveiled a strategic global partnership centering on sustainability and the circular economy. Leveraging the SAP Sustainability Control Tower software, an innovative ESG management tool powered by real-time data, Versuni is poised to advance its sustainability efforts. The software equips Versuni with the ability to establish goals, track progress, and derive actionable insights from data. This empowers the company to craft comprehensive and verifiable ESG reports, facilitating targeted improvement initiatives.. Key drivers for this market are: Environmental Awareness Driving Adoption of Circular Economy Practices, Consumer Preference to Shift From Linear to Circular Economies. Potential restraints include: Environmental Awareness Driving Adoption of Circular Economy Practices, Consumer Preference to Shift From Linear to Circular Economies. Notable trends are: Fashion and Textile Industry's Shift Toward Circular Economy.
A survey conducted in October 2022 found that a majority of consumers in the U.S. were concerned about a potential recession. An almost equal share were worried about inflation.