, Hong Kong

Businesses should cater to consumers who seek work-life balance

Around 53% of consumers put a strict boundary between work or school and personal life.

Consumers are now looking for a balance between their work and personal lives, but they are putting their personal needs on top of everything else, and refuse to overwork at the expense of their mental health.

In a report, Euromonitor International said 53% of consumers in 2022 had a strict boundary between work or school and personal life, and 55% believed that they will be happier in the next five years.

Around 45% of the consumers felt that they are under constant pressure to get things done, and 48% believed that they will be healthier in the next five years.

READ MORE: Around 2 in 5 consumers expect in-person everyday activities: report

“Businesses can respond to this world-weariness with marketing that cuts through the noise, providing products and services that home in on immediate needs,” the report read.

Euromonitor said “The Thrivers” consumers look for products that will promote stress relief, well-being or relaxation. They will also attend to people and products that will serve them.

“Businesses are going above and beyond to make life as easy as possible for overwhelmed consumers who want balance in their personal and work lives,” it said.

“For businesses, the priority will be assessing how your offerings can deliver value. Catering to specific need states is one approach that could resonate with these consumers,” it added.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

New Zealand retailers anticipate sluggish winter sales
32% of businesses are uncertain about surviving in the next 12 months.
Chocolate crisis looms as cocoa prices surge
The surge is primarily attributed to the severe global shortage of cocoa.
How cost-per-wear redefines fashion value
This metric evaluates an item's value based on its frequency of use, lifespan, and resale potential.
Fashion
What tech innovations retailers are investing in
They are now increasingly adopting digital interfaces, simplified shopping, and data-driven retail.
Stores