In two weeks time I will be a keynote speaker at an event titled, Foresight 2020: Setting the Marketing Agenda of Tomorrow. All content is focused on the marketing landscape in 2020. Looking out five years is a tough exercise when it is difficult even to predict one’s next quarter performance. Strategic planning and forecasting are based on process and science but any positive predictions seem more like magic these days.
In preparation for the event, I did some good old Google research. Once I had glanced over the reams of unsubstantiated ideas of where our world is going, I was left with a handful of credible pieces of work. Credible means they came from a reputable source, employed solid research, and arrived at substantiated insights. In all of this, I was struck by a trends and insights report from The Ford Motor Company (Ford-Trends-2016).
The PR folks at Ford boiled down the report to this pithy summary, “Ford’s new 2016 trend report reveal a renewed sense of inspiration and ingenuity among consumers striving for a better quality of life in the New Year, motivated more than ever to make the world a better place.” Lofty stuff and a bit hard to interpret until you get into the meat of the matter.
The report speaks of an “underlying sense of disillusionment” among consumers. However, these down and out people will be “more inspired to defy the odds and use innovation to embrace new platforms for change”. In reading the report, I was surprised by the ambitious response it suggests will take place. Ford believes there is a coming combination of “technology, sustainability and collaboration” that will “help create solutions to improve how consumers live, work and even travel in the future”. Of course, we have to note that Ford has its own agenda and it does not take a marketing degree to see that this preamble serves its purposes rather well.
Still, this underlying sense of budding optimism is worth noting as is the upending of traditional ways of thinking. The report notes that, innovation and technology will continue to rapidly transform culture and consumer behaviour. What follows below are the chief findings with my commentary on what it means to marketing.