Tag: Generation Z

GENERATION Z: THE TRANSPARENCY OBSESSED DEMOGRAPHIC

They might not be your target audience. But here’s why you can’t ignore them.

Not long-ago marketeers were completely and utterly infatuated by millennials. Trying to figure out who they were, what they liked and most importantly how to sell to them. But the interest in this ‘challenging’ target audience has since faded.

It’s all about Gen Z now.

Born between 1995 and 2015, Gen Z are the latest craze. From their specific food interests and tech savvy lifestyle to their passion for saving the planet. This new generation has definitely disrupted the marketplace.

But I sell hardware, why would I care about a bunch of ‘teenagers’?

Well, simply because today’s ‘teenagers’ will be tomorrows trendsetters! In fact, give it a few years and they’ll be your customers. And the quicker you come to terms with this, the better for your brand.

Here’s the tricky part…

Generation Z’s interest in a business go far beyond face value. Yes, they care about the products and services on offer. But what’s more important is the philosophy behind the brand.

To put things into perspective, let’s take KFC as an example. The fast food giant jumped on the vegan bandwagon this year with the launch of its vegan ‘chicken’ burger. Since the announcement KFC has faced major backlash.

Consumers took to social media to question why on earth anyone following a vegan ideology would eat from an establishment notorious for mass slaughter of chickens and factory farming. It just wouldn’t make sense.

This attempt at cashing in on the latest trend may have worked in the past, but not any longer. As we proceed into a brand-new decade, its simply not enough. It’s apparent that people are now more conscious of their choices than they have ever been. What’s more, this mindfulness is not going anywhere. Certainly not with the new generation.

So, what’s the solution?

With Gen Z on the search for a more sustainable, ethical and meaningful consumerism, the need for transparency is more important than ever.

Brands must be prepared to make the shift from a ‘black box’ to a ‘glass box’, allowing consumers to easily see inside. From the processes put in place to the values reflected, Gen Z want behind the scene access before deciding whether they want to purchase a product or not.

Once this shift has been made and consumers like what they see in the glass box that is your brand, you’ll have bagged yourself the most populous generation.

Living in a connected world means we can no longer hide from the consequences of our decisions. Every purchase we make has an impact on society, on the planet and even on ourselves. So, it’s only logical for the next generation to be more aware when it comes to spending their money and importantly where.

MOVE OVER MILLENNIALS, GEN-Z IS IN TOWN

Millennials move over, there’s a new generation in town and brands are swiftly stepping up their efforts to resonate with this latest group of consumers to hit the high street.

Born during the period mid-1990s – mid-2000s (source: Independent), the preferences of ‘Generation Z’ will play a fundamental role in shaping the future of organisations across the globe.

While millennials put the wheels in motion with a focus on healthier lifestyles and environmental impact, ‘Gen Z’ take this a step further, voting with their feet and actively seeking out companies whose values align with their own.

Disrupting the norms that have long governed a number of industries, businesses must now adapt to fulfil the needs of this group who are quickly rising up through the ranks.

Ethical integrity and environmental sustainability

Placing sustainability high on their list of priorities, this latest cohort of consumers are shaking up big businesses, forcing them to become accountable for the impact that their practises have – not just on the environment, but on their workforce too.

Single use plastic is likely to continue to cause debate, while issues of fair trade and responsible manufacturing are sure to follow suit.

Embrace a more diverse range of diets

Having initially gained momentum amongst millennials, the rise of vegetarian and vegan diets continues amongst Generation Z.

In a further demonstration of this group’s ethical stance, not only is eating meat felt to be unnecessary, it is also detrimental for the planet – something that, thankfully, this generation hold in high regard.

Factor in the importance of a healthy lifestyle

Mindfulness and mental health, issues which were rarely discussed just a short number of years ago, are now staple topics in schools, workplaces and homes across the country.

Following on from millennials who have positioned workplace culture and benefits as increasingly important factors, as Generation Z enters the workforce this is likely to continue with a keen focus on work/life balance and an open attitude towards mental health.

Be authentic

As society takes positive strides forward in its attitude towards difference, future generations are bound to be more likely to embrace their uniqueness.

Increased acceptance and tolerance of differences will hopefully lead to a more diverse society where everyone is free to be themselves.

Overt branding is less important

According to The Drum, overt advertising is a turn off for Gen Z. Recognising this shift in perspective,  Doritos has launched its ‘Another Level’ campaign which has seen the brand remove its logo from advertising and social content, instead relying on its other identifiable features such as the distinctive triangular chip and bag colours.

Brands such as Starbucks and Mastercard have made their own changes, preferring for their logos to be displayed without the accompanying wordmark. Though not detailed as a move motivated by up-and-coming generations, it is likely to play some part in the modernisation of each business’ approach.

What’s more, with Generation Z expected to make up a staggering 40% of the global population by 2020 (source: Independent), it will certainly be interesting to see how businesses adapt to meet the demands of this up-and-coming generation of savvy shoppers.