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Monthly Recap

Consumers are paying more for their everyday goods with grocery prices continuing to rise. The rate of inflation is most significant Online and in the Dollar channel, both of which have pulled away from Food, Mass and Club since the beginning of 2022. Select demographic segments have been more heavily impacted, particularly Gen Z, African-American and low-income shoppers.

MARKET

And U.S. Data & Trends, Regulation & Legislation

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Market Industry Update

May 9 2022.

Consumers are paying more for their everyday goods with grocery prices continuing to rise. The rate of inflation is most significant Online and in the Dollar channel, both of which have pulled away from Food, Mass and Club since the beginning of 2022. Select demographic segments have been more heavily impacted, particularly Gen Z, African-American and low-income shoppers.

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Market Industry Update

March 14 2022.

Prior to January 2022, nearly 7 in 10 consumers were optimistic about their financial futures for the year ahead. In January, the consumer price index rose 7.5% over the last 12 months, marking the largest 12 month increase since the period ending February 1982. In response to rise prices for goods and services, consumers will cut back on nonessential spending, like dining out and entertainment, and seek out more discounts.

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Market Industry Update

February 7 2022.

In April 2020, the hospitality job deficit reached its peak and has steadily closed since then. Unemployment in the hospitality sector fell to 7.2% in December 2021, the lowest percentage since March 2020. Demand for labor continues to outpace supply as job openings soared to record levels in 2021.

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Market Industry Update

January 10 2022.

Sales in all alcoholic beverage categories declined in 2020 but recovered in 2021 with the reopening of on premise. Off premise soared to 66% share of consumption and continues at a high level in 2021 at 59%. Rising inflation and supply chain issues paired with healthier lifestyle trends are having an impact on the alcohol market.

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Market Industry Update

December 6 2021.

The average price per grocery item was up +7.1% vs. year ago and +11.6% vs. two years ago. Consumers are willing to change their habits as prices go up with brand & retailer switching top of list. 1 in 5 consumers say rising prices will have no impact on their alcohol buying behavior while 1 in 10 will stop buying.

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Market Industry Update

November 8 2021.

The U.S. labor market added 531,000 jobs in October versus the previous month – the biggest gain in three months. The unemployment rate fell to 4.6% as the labor market bounces back from a summer lull. Consumers continue to return to office with 1 in 3 going to work normally.

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Covid-19 Economic Impact

October 11 2021.

As Covid-19 cases continue to rise across the country, anxiety over the public health crisis overtook economic concerns. Working Americans had started to trickle back to the office. Lay-offs and the percentage of consumers working remotely stayed near lowest levels since the start of the pandemic.

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Covid-19 Economic Impact

September 8 2021.

The year 2020 created polarizations, specifically regarding financial impact. 1 in 3 consumers feel they were personally impacted by health, job loss, or both. Deals and promotions are necessary to retain financially insecure consumers, as consumers prioritize familiarity during economic challenges.

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Covid-19 Economic Impact

August 9 2021.

Consumer spending on goods and services increased in June, as consumers have pent-up demand and savings that they’re willing to get rid of in the marketplace. Personal income rose, as employers have been boosting pay and benefits in an effort to attract workers amid difficulties filling open positions.

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Covid-19 Economic Impact

July 7 2021.

Consumer spending on services is on the rise as consumers are increasingly comfortable enough to venture back out into public. The higher spending is fueled by rising vaccination rates, falling business restrictions, and ample household savings. For the first time, worries over economic fallout of the pandemic overtook public-health concerns.

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Covid-19 Economic Impact

June 7 2021.

Consumers are likely to have more money to spend after the American Rescue Plan set of another round of financial aid and stimulus. Nearly 1 in 10 consumers spent it on eating out, let by Gen Z, Millennials, and self-described “foodies.”

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Covid-19 Economic Impact

May 5 2021.

There are optimistic forecasts around economic growth, unemployment rates, and consumer spending, but Covid-19 is still a top threat to the US economy.

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Covid-19 Economic Impact

April 7 2021.

While health and economic concerns remain, many consumers have come out of Covid-19 in a better financial position.

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Covid-19 Economic Impact

February 24 2021.

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Covid-19 Economic Impact

February 2 2021.

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Covid-19 Economic Impact

January 20 2021.

Jobless claims were just under 1 million last week. The highest total observed since August. Consumer confidence dropped sharply.  

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Covid-19 Economic Impact

January 6 2021.

787,000 U.S. Jobless Claims Were Filed Last Week. The Stimulus Provided Help For Many And More Help May Be On The Way For Those With Student Loans.  

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Covid-19 Economic Impact

December 16, 2020.

US Unemployment Reaches The Highest Number Since September. Many Are Aware Of The Successful Vaccines.  

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State Regulations: Covid-19

December 16, 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

December 2 2020.

778,000 people filed for first time unemployment last week. The US GDP is expected to be back to pre-pandemic levels by mid-2021.  

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State Regulations: Covid-19

December 2 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

November 18 2020.

Expect Online Spending To Dominate This Holiday Season As Consumers Adjust To The Ongoing Pandemic. Last Week Marked The 4th Consecutive Week Jobless Claims Decreased Compared To The Week Prior.  

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State Regulations: Covid-19

November 18 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

November 3 2020.

Initial Jobless Claims Totaled 751,000 Last Week - The Lowest Amount Of Initial Claims Since March.  

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Covid-19 Economic Impact

October 20 2020.

Initial Jobless Claims Totaled 898,000 Last Week - The Highest Level Observed Since August 22nd. Last Week, The TSA Observed The Highest Weekly Number Of Travelers Since The Pandemic Began. 

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State Regulations: Covid-19

October 20 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

October 6 2020.

Initial Jobless Claims Totaled 837,000 Last Week. Consumers Continue To Be Concerned About The State Of The Economy but COVID-19 Concerns Are Slowly Decreasing. 

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State Regulations: Covid-19

October 6 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

September 23 2020.

Initial jobless claims totaled 860,000 last week. 46% of consumers are concerned about the economic crisis.  

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State Regulations: Covid-19

September 23 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

September 10 2020.

Initial jobless claims totaled 881,000 last week. The unemployment rate fell from 10.2% in July to 8.4% in August.  

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State Regulations: Covid-19

September 10 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

September 2 2020.

Initial U.S. Jobless Claims Totaled Just Over 1 Million Last Week - Making It 22 Out Of 23 Weeks Claims Eclipsed 1 Million.  

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State Regulations: Covid-19

September 2 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

August 26 2020.

Another 1.1 million Americans filed for unemployment benefits last week. Continuing claims continue to decline. Expert economists fear the U.S. GDP won't recover to pre-pandemic levels until 2022.  

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State Regulations: Covid-19

August 25 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

August 19 2020.

Another 963,000 Americans Filed For Initial Jobless Benefits Last Week. Florida Observed A 35% Drop In Visitorship The First Half Of 2020 Compared To 2019  

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State Regulations: Covid-19

August 19 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

August 12 2020.

1.2 Million Americans filed for unemployment benefits last week, making it the 20th straight week initial claims totaled at least 1 million.  

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State Regulations: Covid-19

August 12 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

July 28 2020.

With unemployment rising back up, further help may be on the way with HEALS Act.  

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State Regulations: Covid-19

July 28 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

July 22 2020.

1.3 Million people filed for unemployment. Consumers are ready to get back to their normal routine. The US dollar continues to weaken.  

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State Regulations: Covid-19

July 22 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

July 14 2020.

Nearly 50 million people have filed for first time unemployment over the last 16 weeks. 14% Of Consumers Say Alcohol Has Taken A Higher Priority In Their Spending  

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State Regulations: Covid-19

July 14 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

July 7 2020.

U.S. Unemployment Rate Fell To 11.1% And 4.8 Million Jobs Were Added In June.  

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State Regulations: Covid-19

July 7 2020.

State by State Legislation & Regulation Update 

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Emerging from New Zealand

June 30 2020.

NEW ZEALAND - Deep-Rooted Economic Concerns Due to COVID-19 Will Likely Alter Direction of Trends, Giving Rise to a More Cautious Approach to Consumption 

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Covid-19 Economic Impact

June 30 2020.

The unemployment rate is expected to continue its downward trend to 12.2%. Overall, Consumers Spent An Additional $892.6 Billion In May, with over half going to pay for goods.  

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State Regulations: Covid-19

June 30 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

June 23 2020.

35 states have seen their unemployment rates fall. However, consumer are cutting back on the spending and facing financial troubles.  

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State Regulations: Covid-19

June 23 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

June 17 2020.

Weekly Update. The Insured Unemployment Rate, Which Is A Basic Measure That Counts Those Collecting Benefits Against The Total Labor Force, Fell 0.2 Percentage Points To 14.4%. 

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State Regulations: Covid-19

June 17 2020.

State by State Legislation & Regulation Update 

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Building Brands During Recessionary Times

June 17 2020.

Part 5.  Every recession varies in scope and duration, but with stay-at-home directives still in place, COVID-19 is upending the market in unique ways.

IRi

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Innovation Lessons From The Great Recessions

June 17 2020.

Every recession varies in scope and duration, but COVID-19 is ushering in unique behavioral changes, including

heightened awareness of personal health and safety.

IRi

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Covid-19 Economic Impact

June 9 2020.

Weekly Update 

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State Regulations: Covid-19

June 17 2020.

State by State Legislation & Regulation Update 

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Recession Series: Brand Performance CPG

June 9 2020.

During the Great Recession of 2008-2009, only half of major CPG brands grew in both dollar and volume sales in the measured channel.

IRi 

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Recession Series: Brand Private Label

June 9 2020.

Since the last Recession, select retailers have invested heavily in Private Label programs, many tiered offerings, product benefits and features, not just price.

IRi 

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Covid-19 Economic Impact

June 2 2020.

Although New Unemployment Claims Are Being Filed, The Overall Unemployment Rate Fell Slightly: 3.86 Million Americans Canceled Their Ongoing Unemployment Claims - Meaning, Most Likely, They Got Their Jobs Back. Consumer Conscious Index At Its Highest Level Since 2017.  

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State Regulations: Covid-19

June 9 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

May 26 2020.

Another 2.4 Million Workers Filed For Temporary Unemployment Benefits For The Week Ending May 16, 2020 Bringing The Total To 38.6 Million. 40% Of People Making Less Than $40,000 Have Lost Their Jobs Over The Last Month. 

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State Regulations: Covid-19

May 26 2020.

State by State Legislation & Regulation Update 

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Global Consumer Spend Tracker

May 19 2020.

Consumer Spending Tracker For Measured Channels As the COVID-19 outbreak continues in Europe and the United States, governments, businesses and consumers are changing behaviors rapidly

IRi 

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Advertising Observations

May 19 2020.

Half of consumers say all or most advertising they see relates to COVID-19.

Numerator 

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Learning From Last Recession

May 19 2020.

From the last recession, we see many consumers willing to switch to private brand. Expect that trend to continue after COVID-19. Alcohol pricing also continued to rise despite trying times in the last recession.

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Covid-19 Economic Impact

May 19 2020.

First-time Filings For Unemployment Insurance Hit 3.84 Million Last Week As The Wave Of Economic Pain Continues 

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State Regulations: Covid-19

May 19 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

May 12 2020.

First-time Filings For Unemployment Insurance Hit 3.84 Million Last Week As The Wave Of Economic Pain Continues 

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State Regulations: Covid-19

May 12 2020.

State by State Legislation & Regulation Update 

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Covid-19 Economic Impact

May 5 2020.

First-time Filings For Unemployment Insurance Hit 3.84 Million Last Week As The Wave Of Economic Pain Continues 

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State Regulations: Covid-19

May 5 2020.

State by State Legislation & Regulation Update 

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Great Recession Reshaped the CPG Demand Curve

May 5 2020.

IRi Recession Series Pt1

IRi 

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Recession Retrospective Economic Conditions

May 5 2020.

An analysis of the current environment vs the Great Recession - what happened then, what's happening now, why this time it’s different and what to expect.

Mintel 

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Beyond Covid-19 Rebound, Reboot, Reinvent

May 5 2020.

Nielsen has identified three distinct time horizons for global market regeneration beyond the novel coronavirus global health emergency and attached likely scenarios to each.

Nielsen 

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Covid-19 Economic Impact

April 28 2020.

Unemployment, spending habits & relief package 

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State Regulations: Covid-19

April 28 2020.

State by State Legislation & Regulation Update 

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Economic Impact Reshaping Behavior & Market Demand

April 28 2020.

An analysis of COVID-19 implications for consumers and the US economy. 

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State Regulations: Covid-19

April 21 2020.

Latest Legislation Update 

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Covid-19 Economic Impact

April 21 2020.

Nearly all jobs since the 2009 recession have been wiped out in a month 

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Cannabis in the time of Covid-19

April 21 2020.

Mintel 

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Colleges and Universities Unprepared

April 21 2020.

Financial Impact of Covid-19

Mintel 

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Global Consumer Confidence

April 21 2020.

The survey closed before the World Health Organization declared the COVID-19 outbreak a global pandemic on March 11. The results reflect a more positive state of mind of the consumer than is the case today.

The Conference Board  |  Nielsen 

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Covid-19: Lessons From Hong Kong

April 14 2020.

IRI Asia Pacific Industry Insights

IRi 

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Covid-19 Impact
Consumer Spending

April 14 2020.

Consumer Spending Tracker for Measured Channels

IRi 

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State Regulations: Covid-19

April 14 2020. 

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Covid-19 Economic Impact

April 6 2020.

Current Consumer and Category Trends. 

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Stimulus Check Spending

April 21 2020.

Many Americans are Opting for Necessary Spending

 

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