How Covid-19 has changed consumer trends, according to EY

SINGAPORE (Apr 27): Since the Covid-19 outbreak, new buying patterns have emerged. Not long after countries announced their lockdowns, people around the world promptly flocked to supermarkets, convenience stores, and minimarts to stock up on toilet paper rolls, hand sanitisers, wet wipes, instant noodles, and other essentials.

Following Covid-19, about 35.1% of some 4,859 people surveyed across the US, Canada, the UK, France, and Germany, has spent more on groceries and little else. These consumers also show particular concern for their families, and take on a more pessimistic long-term outlook. This is according to the first EY Future Consumer Index released on Monday.