mccp lighthouse™ quarterly report
DESCRIPTION
As an independent strategy & insights agency, MCCP are the experts when it comes to identifying differentiated Irish consumer trends which provide credible and relevant opportunities for your brand. Every quarter MCCP track and monitor all of the major influences on Irish consumer behaviour and uncover the key behavioural trends which have emerged. We then provide recommendations on how to leverage these trends and who is ‘best in class’ at the moment. These trends can provide significant opportunities for your brands but can also pose a risk if ignored.TRANSCRIPT
MCCP Lighthouse™
Quarterly Report
State of the Nation
So What For Your Brand
Emerging & Shifting Trends
Mood & Mind-set of the People
• MCCPLighthouse™ Q2 looks at what has happened in
Ireland’s economic, political, social and technological
arena over the past 3 months.
• The review analyses how current events are impacting
on Irish people’s mind-sets and behaviours.
• Most importantly it looks at the challenges and
opportunities that the existing environment presents to
brands.
• In house, MCCP has also assessed the impact of
quarter two occurrences on MCCP’s bank of 15 longer
term trends identified by MCCPTrendstream™.
What you can expect
from this review?
7 Key Themes from MCCP Lighthouse™ Q2
People are seeking greater
sense of control
In continuing uncertainty,
consumers are taking the
tried and trusted, safe option
People are sharing more,
looking for closer connections
as a support mechanism
People’s horizon for planning
is focussed on the short term
The mid-life crisis has moved
back a generation to 25-35
year old
Women are taking on greater
roles and responsibilities in
the home and in the
workplace
Men are becoming more
manly to gain a renewed
sense of self identity in the
home and the workplace
1
2
3
4
5
6
7
In a world where the cost of the basics, interest rates, job
security and our countries future are all out of our control
people are searching for a sense of consistency and
optimism in their own lives.
People are seeking
greater sense of control
1
Let’s look at the facts & recommendations
behind just one of the themes...
Mixed economic news is causing
consumer sentiment to yo-yo.
Unemployment Down - Q2 saw unemployment decrease from 14.8% to 14.1%*
Economic Growth Forecast down, again - OECD originally predicted growth would be 1.5% but have now said will be flat this year at 0%**
Figures for the first quarter of 2011 show that exports grew by 9% against the same period in 2010. however, in Q2 exports have decreased consecutively in the last two months*
Consumer Sentiment yo-yo’s - Q1 ended with a rating of 59.5, drop to 57.9 in April rising to 59.4 in May. Dropped again in June to 56.3***
*Source: CSO 2011 **Source: OECD 2011 ***Source: ESRI 2011
People are seeking
greater sense of control
1
“Progress for the Irish
consumer and for the economy
as a whole is more likely to
come in a two steps forward,
one step back fashion"
Chief Economic, ESRI
48.7 50.3
59.5 57.9 59.4
56.3
30
35
40
45
50
55
60
65
70
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11
People’s mood is framed by the last
piece of news they’ve heard. Good
cancelled out by bad.
MARCH
- New government
elected.
- Consumers view it
as a new start.
- Delivering against
promises, e.g.
minimum wage,
IMF, corporation tax
APRIL
- Rising cost of living
(e.g. petrol, gas,
electricity, food and
clothing).
- ECB rates, IMF
refuse repayment
structure,
economic
forecasting.
MAY
- Obama & Queen
visit paints country in
good light. Leinster
win Heineken Cup.
ROI beat NI. Jobs
initiative announced
JUNE
- Increasing financial
trouble in Greece
impacts our
standing with IMF,
- Looming ECB rate
- 2,900 more people
signed onto social
welfare
Consumer Sentiment
Index (Source: ESRI, 2011)
People are seeking
greater sense of control
1
So What?
Implications for brands and agencies
People are seeking
greater sense of control
1
Be more
nimble Focus on
optimism Be
opportunistic Drive
relevance
To take full advantage of people’s propensity to be drawn to
optimistic occasions you must be ...
a) Aware of trends and market place events across all categories
b) Equipped to act upon and execute tactical ideas quickly
Best in class example where
brands target the optimistic
occasions.
The World Street Performing
Championships were
culminating in Dublin. The aim
was to beat the world record
for the most Wallys in one
place. To piggyback on this
excitement, the metro herald
dressed their merchandisers
up as Wally every morning for
a week around the streets of
Dublin.
Oakley released a full page
advert in USA Today after
Rory McIlroy won the US
Open with the caption “Own
your defeats and you will be
defined by your victories”.
This advert is right on the
back of his win that was
greeted with aplomb the
world over.
People are seeking
greater sense of control
1
Demonstrating absolute
relevance to consumer
frame of mind
What good looks like...
Finding the difference that makes the difference
MCCP Lighthouse™
Quarterly Report
Independent Irish
Advantages Relevance
•Exclusively focussed on the Irish consumer
•Incorporates all relevant Irish & international
influences on consumer behaviour
•Recommends how brands can seize the
opportunities of these trends
•Helps brands mitigate the risk of changing
behaviours and seizes the opportunities
•Indispensible check list for local activities
•Brings consistency between MACRO &
MICRO influences
•Developed in Ireland by Irish people
•Independent agency focussed on delivering
insightful trends on consumer behaviour
•Compiled weekly & published every quarter
•Not compromised by the generality of
European consumer trends
•Ensures the Irish consumer is central to all
brand activities
•Powerful fact based tool for building strategy
•Trends can be future analysed with specific
brand targets in mind
Finding the difference that makes the difference
MCCP are the experts when it comes to identifying differentiated Irish consumer
trends which provide credible and relevant opportunities for your brand.
The MCCP Lighthouse™ Quarterly Report is an up to the minute, fact based
analysis which provides a real foundation of knowledge for your 2012 planning
sessions.
The MCCP Lighthouse™ Quarterly Report can be brought to life for your team
through a 1 hour presentation at your offices. MCCP also run a more detailed
half day DEEP DIVE work shop on the key implications or ‘SO WHAT’ for your
specific brand and consumer target.
Call us to see how we can help on 00353 16350030
Email: [email protected] [email protected] [email protected]
Follow us on twitter: twitter.com/MCCPIreland
MCCP Lighthouse™
Quarterly Report
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