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trendwatching.com's 10 LATIN TRENDS FOR 2015

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Innovation opportunities to seize in South & Central America in the year ahead!

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trendwatching.com's 10 LATIN TRENDS FOR 2015

  1. DEC 2014 - JAN 2015 SOUTH & CENTRAL AMERICA TREND BULLETIN 10 LATIN TRENDS FOR 2015 Innovation opportunities to seize in South & Central America in the year ahead!
  2. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 2 Major events, key elections, people in the streets protesting for their rights and better living conditions. In South & Central America, 2014 was marked by increasing public involvement in social and economic issues. The impact of this is not limited to policy makers. More aware of their rights and duties, people also want to consume better: pay fair prices, see brand-led campaigns that have real impact on their lives, and have access to world-class products & services that address their unique problems. So, are you ready to find the best opportunities in the region for your brand, or your clients, to stand out and deliver in 2015? The region will be full of opportunities in 2015... ...if you don’t take advantage of them, someone else will!
  3. In this Trend Bulletin we’ve gathered the ten consumer trends that your team should focus on to meet and surpass the ever-changing expectations of consumers in South & Central America. While you are probably excited (and rightly so ;) to get to the trends, remember that these insights and innovations are useless if you don’t act on them. Of course, be inspired by the examples that underpin these new currents, but be sure to ask what YOU can do to adapt, evolve and build upon the ideas for your business – before your competitors do! This list is all about opportunities. Trends are just a (smart!) way to fuel compelling, profitable innovations. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 3
  4. 1. IN-HAND BRANDS » Inject joy into rewards. 2. BRIGHT IS BEAUTIFUL » Help people get together. 3. RECONCILIATION BRANDS » Make consumerism flow. 4. DEMOCRATIC PRICING » Serve with added convenience. 5. INSIDE OUT » Take a stand. 10 crucial consumer trends for South & Central America in 2015 www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 4
  5. 6. PLAYFUL PERKS » Inject joy into rewards. 7. CITY CONNECTIONS » Help people get together. 8. OK COMMUTER » Make consumerism flow. 9. ONLIFE SERVICE » Serve with added convenience. 10. BRAND STANDS » Take a stand. 10 crucial consumer trends for South & Central America in 2015 (...continued ;) www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 5
  6. 1. IN-HAND BRANDS Be a BRAND BUTLER: serve consumers in the right place at the right time. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 6
  7. As South & Central American consumers’ expectations grow, their patience shrinks. Smart brands are seamlessly integrating themselves into people’s lives with a sense of urgency. Busy consumers hate to waste time, they need problems solved and desires realized NOW. In 2015, they will demand brands add resources and create shortcuts that speed up delivery of their offering(s). And the best brands will be where and when they are needed, before the consumer even knows they want them. So, when and where do your consumers need (or expect) immediate service? 1. IN-HAND BRANDS In 2015, will your product or service be there the moment Latin consumers need it? www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 7
  8. FEATURED INNOVATIONS: IN-HAND BRANDS Piero, Forever 21 and Hellmann’s In May 2014, Argentinian mattress brand Piero launched a campaign to raise awareness of road accidents caused by drivers falling asleep behind the wheel. Between 4am and 5am (when most accidents due to tiredness occur), the brand aired radio adverts featuring an alarm clock sound every nine minutes, reminding drivers of the potential danger and keeping them alert. To help people during fashion emergencies (unexpected dates or duplicated party outfits, for example), fashion retailer Forever 21 ran a promotion in May 2014 in Costa Rica called ‘Closet S.O.S’. 100 customers could request a visit from a mobile fashion truck stocked with apparel and accessories. In Brazil, in May 2014 Hellmann’s launched #PreparaPraMim (#PrepareForMe), a social media campaign that invited people to use the hashtag along with available ingredients on Twitter. The brand then responded with customized recipes. Back to Top www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 8
  9. 2. BRIGHT IS BEAUTIFUL Love of knowledge, a growing status play. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 9
  10. BRIGHT IS BEAUTIFUL and South & Central Americans are desperate to flaunt evidence of their educational endeavors – as status symbols – to their family, friends and followers. What does this mean for brands in 2015? Beyond integrating learning and literary experiences into consumers’ daily lives (see STATUS SMARTS), consider how you can help consumers express (ok, how off ;) their knowledge. Can you help them do this through social networks? In Latin America people spend more time on social networks than anywhere else in the world, averaging 8.67 hours per month (comScore, July 2014). Perhaps the opportunity lies offline? Even a pair of jeans can be used to flaunt a love of literature. 2. BRIGHT IS BEAUTIFUL Consumers will love brands that help them show off their knowledge in 2015. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 10
  11. FEATURED INNOVATION: BRIGHT IS BEAUTIFUL FreeSurf and L&PM Pocket In July 2104, book publisher L&PM Pocket partnered with fashion brand FreeSurf to launch an exclusive collection of jeans in Brazil. The Original Pocket Books range had stories and poems from the publisher’s authors printed on the inside of the pockets to demonstrate the convenience of pocket-sized books. Back to Top www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 11
  12. Free Publications Premium Service Monthly publication featuring selected trends. On-demand access to all our trends & tools. Framework Industry Focus Framework PDF PPT PDF PPT Tools . TR15 Formats A standalone, actionable opportunity. . Static content. Read online or as a PDF. TR15 Formats Industry Focus Understand the big picture of consumerism. Search & filter the innovation database by trend/ industry/ region. Download trend & industry reports or create custom PPTs. FIND OUT mORE » SUBSCRIBE FOR FREE Fdin otu meor Tools
  13. 3. RECONCILIATION BRANDS Mend the social fabric. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 13
  14. Despite all the progress in South & Central America, there are strong strands of inequality and barriers that divide people in the region. Financial hardship, inequality and prejudice. Routine for many, yet brands traditionally avoid confrontations – such as the rolezinhos (teenagers that used social media to meet at shopping centers) or the polarized elections in Brazil. In 2015, brands cannot ignore these issues. The gap between rich and poor is a serious issue for 68% of Brazilians (Pew Research, June 2014). Brave brands (large and small) will jump into the discussion. Will you do your part to promote dialogue, mend wounds, and reconcile? 3. RECONCILIATION BRANDS In 2015, take a position in the fight against inequality. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 14
  15. FEATURED INNOVATIONS: RECONCILIATION BRANDS Asociación Nacional de Empresarios de Colombia (ANDI) launched the Soy Capaz campaign in September 2014, gathering 120 companies – such as Coca-Cola, Bancolombia and McDonald’s – to rally the country by spreading messages for peace. Coltabaco, for example, placed personal stories into Marlboro cigarette packs, written by rural workers. The radio station LT8, from Argentina, launched Escuchémonos (“let’s listen to each other”) in May 2014, a campaign anchored in the concept of tolerance, acceptance and understanding amongst the key public figures of Argentina: from politicians, to journalists, to footballers and even the Pope. Embajada Zona 18 (“Embassy Zone 18”) is an initiative of Tortrix and nonprofit Area 18 to protect the labor rights of Zona 18 citizens in Guatemala, who are often refused job interviews because gangs control the area. Since April 2014, Embajada Zona 18 has provided a verifiable address for jobseekers to use on applications and a website for people to upload résumés, find vacancies and access training. Back to Top Soy Capaz, Tortrix and LT8 www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 15
  16. 4. DEMOCRATIC PRICING Let consumers have their say. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 16
  17. In March 2014 we highlighted EMPATHETIC PRICING: targeted discounts that address consumers’ pain points. In 2015, consumers – increasingly accustomed to participation – will drive pricing into new territory. South & Central American consumers, having lived through years of price fluctuations, will be confident they know what products and services should cost. They’ll demand brands go beyond EMPATHETIC PRICING, and allow the to participate in pricing. Afraid of discovering how much consumers truly value you? Use DEMOCRATIC PRICING in 2015 to show confidence in your offering and respect for your customers. 4. DEMOCRATIC PRICING Let Latin American consumers decide what you’re worth. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 17
  18. FEATURED INNOVATIONS: DEMOCRATIC PRICING TechBoy is a Brazilian company launched in September 2014 that offers online IT support, providing solutions to common technical problems and assisting with web development via Skype. At the end of each session, the customer is told the average price charged for the service they received, but they can choose how much they pay (or if they pay at all). A collective of artists, publishers and entrepreneurs in Argentina created in August 2014 Atado, a project to sell comics from independent Argentinian artists at Comicópolis, a comics festival in Buenos Aires. Consumers could pay as much as they wanted for seven digital comics and fanzines. Back to Top TechBoy and Atado www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 18
  19. 5. INSIDE OUT Help urbanites enjoy outdoor spaces. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 19
  20. Latin Americans have been hiding (from urban violence) in malls, stuck in traffic, and cramped in condos for years. But since the 2013 protests in Brazil and Mexico, and Venezuela in 2014, residents are rediscovering the value of getting out. In 2015, urbanites will gather outdoors – from food markets to reclaimed parking spaces – to share experiences. Brands can contribute to making spaces clean, safe and delightful. 62% of Brazilian consumers would exchange the brand they usually buy, for one that improves their city, supports culture and wellness and offers free leisure. (Ibope/Conecta, August 2014) Help consumers take it outside! 5. INSIDE OUT Why consumers from South & Central America will love brands that take it outside in 2015. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 20
  21. FEATURED INNOVATIONS: INSIDE OUT Pracinha Oscar Freire and Park(ing) Day Chile Pracinha Oscar Freire, in the Jardins neighborhood of São Paulo, is a small garden created in June 2014 by the public space developer REUD and the NGO Instituto Mobilidade Verde. Once a week, the space promotes a Bring Your Own Work (BYOW) event, and invites people to work outdoors for the day. Trucks serve workers with food and drinks (the kind you have while working, and the kind you have at happy hour ;). Park(ing) Day Chile is an event where artists, designers and citizens collaborate to temporarily transform (for a day) parking spaces into public green areas. Park(ing) Day 2014 Chile on November 7, invited people to gather at the spaces to promote creativity, civic engagement, critical thinking, social relations and generosity. Back to Top www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 21
  22. 6. PLAYFUL PERKS Inject joy into rewards. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 22
  23. Brands in South & Central America often aim for a serious tone of voice to be viewed as professional or respectful. But the explosion of social networks (and brand-run accounts) changed what consumers expect from brands. Interactions with brands should be human: 73% of consumers in Brazil expect brands to build a meaningful relationship with them (Edelman, October 2014). In 2015, HUMAN BRANDS will go beyond joking with fans and followers online, and will excite consumers with playful perks and surprising interactions. Forget about the familiar formulae of perks. Your rewards must be provocative, exciting and playful to resonate. 6. PLAYFUL PERKS Don’t be too serious, Latin consumers will lap up playful perks ;) www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 23
  24. FEATURED INNOVATIONS: PLAYFUL PERKS During the FIFA World Cup in June 2014, beer brand Skol launched Consulado: a platform connecting Brazilians with tourists and soccer fans. Locals who welcomed visitors to host cities – by promoting local shops or sharing Skol beers and taxi rides for example – were rewarded with discount vouchers or free bottles of Skol. In Costa Rica, telecoms brand Claro’s Extra Minutes is an initiative that gifts free minutes based on the amount of extra time added to a soccer game. If officials add five minutes, pre-pay customers can claim the same amount in talk time using a code displayed via digital signage around the stadium and on-screen. The promotion ran at all of Saprissa FC’s home games. As of April 2014 (the end of the soccer season) Claro had donated more than 50 million extra minutes. Back to Top Skol and Claro www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 24
  25. 7. CITY CONNECTIONS Help city residents get to know each other. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 25
  26. Thanks to the continuing urbanization of South & Central America, and the rhythm of big cities (lots of work, little time off), many residents hardly know their neighbors. In 2015, lonely urbanites will increasingly want to break down the social barriers that are part of city living. Brands that design their product or service as a way to integrate consumers in the social, public spaces of their city will be embraced. Is your brand ‘friendly’ enough to help city residents connect? The more connections you drive, the more you will be loved <3 7. CITY CONNECTIONS Lonely urbanites will love brands that bring them together. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 26
  27. FEATURED INNOVATIONS: CITY CONNECTIONS In August 2014, cookie brand Zezé launched a campaign to encourage strangers to talk when they are at the bus stops in Pelotas, in Brazil. Stickers (featuring suggestions about how to start a conversation, such as, “What are your favorite songs?”) marked certain seats as reserved for people who would like to start friendships. Chivas Regal reinterpreted a traditional game from Festa Junina (June festivities in Brazil) called Correio Elegante (“elegant mail”), where players send anonymous love notes. The whisky brand put a WhatsApp number on Facebook and participants who messaged the account with the name and phone number of their love interest could have a virtual barman deliver their love note. Back to Top Zezé and Chivas Regal www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 27
  28. We obviously offer much more than monthly Trend Bulletins... Our Premium Service Your complete trend and innovation solution. Find out more 2015 Trend Report 1 Trend Framework Innovation Database 2 3 Industry Updates Apply Toolkit 4 5 Monthly Updates 1-page Trend Handouts 6 7
  29. 8. OK COMMUTER Make consumerism flow with each consumer’s route. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 29
  30. The crossover between retail and transportation is surely one of the most exciting new areas to be explored in South & Central America. Inhabitants of São Paulo, Mexico City, Buenos Aires, Bogotá and Lima face a typical commute of 1 hour and 28 minutes. (Inter-American Development Bank, March 2014) Consumers in the region are embracing new forms of METRO MOBILITY (from taxi apps and shared rides to revitalized public transport). As the associated status around transport shifts from car ownership to unique experiences, the ability to shop en route will be an experience to be cherished in 2015. 8. OK COMMUTER In 2015, Latin Americans will embrace brands that seamlessly fit within their journeys. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 30
  31. FEATURED INNOVATIONS: OK COMUTER Boxeway is an Argentine company that is launching ‘click & collect’ lockers in Latin America. Consumers can buy an item online and pick the product at one of the lockers, placed in high transit areas such as gas stations or train terminals. Lockers are rented by retail brands, who notify customers by SMS or email when their items have reached a locker. In September 2014, Boxeway developed a system for the logistics company Oca. In May 2014, Netshoes, a Brazil-based sports etailer, launched the Sport Machine, the first vending machine to sell the strip of Brazil’s national football team. The Sport Machine was installed in subway stations and universities in São Paulo. The machines allow customers to interact with the contained products on a touch-screen high-resolution display, where they can be rotated 360°. Back to Top Boxeway and Netshoes www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 31
  32. 9. ONLIFE SERVICE Manage consumers’ connected lives with added convenience. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 32
  33. How much time should you be on Facebook? Is it ok to text during dinner? Is your data safe? Online life has to be managed (see ONLIFE MANAGEMENT), and it takes time and attention for Latin Americans still discovering the superpowers of smartphone-assisted living. In 2013, Latin America saw a greater increase in smartphones sales than any other region. (Gartner, February 2014) In 2015, while consumers want brands to help them manage their online lives, they still expect to be served and assisted, with total convenience. Brands must help them use technology in ways that are safer, healthier and more productive. 9. ONLIFE SERVICE In 2015, add control and convenience to Latin consumers’ online lives. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 33
  34. FEATURED INNOVATIONS: ONLIFE SERVICE In August 2014, Brazilian advertising agency Lew’Lara/TBWA installed an “anticellular totem” at their headquarters in São Paulo. The container is outside the meeting room, and employees are encouraged to put their devices in there before going into meetings, so they aren’t distracted. If any important calls do come in, a secretary will alert the recipient. To improve the quality of navigation for those who have a slow internet connection in Brazil, Google created a lighter version of the main page. Since October 2014, when someone searches Google.com.br on a smartphone for any keyword, the servers automatically identify the connection speed and fit the page quality for maximum loading speed. Back to Top Lew’Lara/TBWA and Google www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 34
  35. 10. BRAND STANDS Meaningful brands will take a stand. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 35
  36. According to Pew Research in June 2014, 72% of Brazilians are unsatisfied with the country. Events such as the World Cup and upcoming Olympics made consumers in South & Central America (not just Brazil) rethink the use of public space and their local infrastructure, causing a desperate desire to improve the region to match their national pride. Finding a solution is not only the government’s concern, people feel empowered to make changes themselves. And they want brands to step up and take a stand. In 2015, they will expect brands to prove they’re committed to the same causes they are. There are many issues out there – from bullying to bureaucracy – where will you take a stand? 10. BRAND STANDS In South & Central America, consumers will embrace brands that take a stand (or two) on the issues that matter to them. www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 36
  37. FEATURED INNOVATIONS: BRAND STANDS VH1 Latin America unveiled its Revenge of the Nerds campaign against bullying with a comedy TV campaign. A music video cover of Gloria Gaynor’s “I Will Survive” launched in April 2014, starring a bunch of young geeks being tortured and brutalized by other kids. The victims of bullying sing that they know in the long-run the tables will turn dramatically, and they will become the bully’s bosses. After multiple cases of violence against women on São Paulo’s subway, in June 2014 feminine hygiene brand Dermacyd launched a campaign to create female-only subway cars in the city.Women-only cars already exist in Rio de Janeiro and Brasilia, and Dermacyd created ads in subway stations in all three cities. Via a dedicated Dermacyd microsite, consumers could sign a petition which was sent to Brazil’s government. Back to Top VH1 and Dermacyd www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 37
  38. NEXT www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 38
  39. NEXT Now the ball is in your court! Our 10 trends have given you a view of how the region’s consumption arena will develop in 2015. It’s time for you and your team to get hands-on and bring these insights to your brainstorm sessions. How can YOU adapt these trends to serve your consumers or clients better in the coming year? www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 39
  40. NEXT Now the ball is in your court! Then use our free CONSUMER TREND CANVAS to turn insights into innovations. Will yours be among the next ones we feature in our future bulletins? ;) www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 40
  41. Still not enough? The 1,200+ brands and agencies using our Premium Service have access to our database of trends, insights, and over 10,000 innovation examples, all put into context as part of our world-class yet surprisingly affordable comprehensive trend & innovation solution. As you plan for 2015, would YOU benefit from access too? www.trendwatching.com/trends/10-latin-trends-for-2015 10 LATIN TRENDS FOR 2015 41
  42. MORE... If you have any comments, suggestions or questions then please do let us know. Just email: Nathalia Souto Client Services Director South & Central America nathalia@trendwatching.com Want more? About us Established in 2002, trendwatching.com is the world’s leading trend firm, scanning the globe for the most promising consumer trends, insights and related hands-on business ideas. Our Premium Service counts many of the world’s leading brands as clients, while our free monthly Trend Briefings go out to over 260,000 subscribers in 180 countries. More at www.trendwatching.com Free Publications Premium Service LIVE: Keynotes & Workshops

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