Consumer Challenge
At a cultural level, consumers are demanding better business practices from the brands they purchase, but at an individual consumer level, their purchase decisions are still heavily reliant on value and convenience. The challenge for brands is to turn 'good' practice into tangible value at the point of purchase.
Data Signals of Now
- Almost half of the world faces some water scarcity every year, yet 22% of the global water supply gets lost in industrial production.
- The CO2 emissions produced by transporting solids is 80% more efficient than liquids.
- The Environment Agency has warned that 3,400 million more litres of water could be needed every day by 2050 if we don't take action to address our water security.
- Waterless cosmetic sales are expected to grow at a 13.3% CAGR between 2021 and 2031