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Have Consumer Habits Changed Forever?

Everything's different, but it can't all be permanent

Morningstar Editors 22 July, 2020 | 3:53

Sunny mixed cloud skies

When the lockdown seemed inevitable, the psychological effects of scarcity drove people to stockpile and hoard.

As it progressed, there were evident changes in the behaviour of consumers. Purely from conversations with people I know; here are some observations. A reduction in consumption of junk food, getting comfortable with buying fruits online, a big drop in takeaway food, watching much more of Netflix, and an uptick in consumption of alcohol (you know, have a drink every evening).

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