Chapter 2 – Current Events ‘In my crystal ball I see: Faith Popcorn on tomorrow’s consumers ’ LEAD STORY-DATELINE: The Australian Magazine, February 16 - 17, 2001 Who is Faith Popcorn and why do companies like McDonald’s, IBM and American Express fight to employ her? Faith Popcorn is a trend forecaster, and one with a 95% accuracy rate in an industry where most players aren’t in business long enough for accuracy rates to be calculated. She’s the one who forecasted the success of four-wheel drive vehicles and the failure of New Coke. She was also the first to identify ‘cocooning’, the stay-at-home trend that fuelled the growth in home delivery, home business, home shopping, boutique ice cream and VCRs. So how does she do it? Popcorn’s methods are ‘suitably futuristic’ according to Richard Johnson of The Australian Magazine. They range from ‘hypnotrend probes’ where volunteers are regressed under hypnosis to using her spiritual ‘Third Eye’ which she equates to ‘being in the present but seeing from the future’. She also consults widely with experts as diverse as Indian chiefs, microbiologists, organic farmers and homemaking guru Martha Stewart. Critics say she is stating the blindingly obvious and that her sole contribution is cutsey names like ‘cocooning’. But the Fortune 500 companies who hire her company BrainReserve would disagree. So too would the legion of fans who have purchased her four books. The fact that these books have been translated into 14 languages should be enough to dispel the criticism that her predictions are exclusively American. So what does Popcorn see in her crystal ball? She has isolated the following seventeen consumer trends: 99 LIVES: the search for ways to take back our personal time and avoid over-scheduling ANCHORING: the quest to find our spiritual roots to prepare for the future ATMOSFEAR: pollution of the air and water making us fear for our safety BEING ALIVE: good health which means a longer life CASHING OUT: opting out in search of a simpler, more fulfilling life CLANNING: the need to belong to a like-minded group with shared ideas COCOONING: seeking protection from the outside world DOWN-AGEING: seeking comfort in the things we did as children EGONOMICS: wanting businesses to recognize our individuality EVE-OLUTION: the need for companies to market separately to the sexes FANTASY ADVENTURE: exploring the unknown from the comfort of our own homes FUTURETENSE: major anxieties coming from the speed of change, fear of the future and broken promises of advancements ICON TOPPLING: rejection of government, big business, medicine or religion PLEASURE REVENGE: rejection of political correctness with a return to the pursuit of pleasure SOS [Save our Society]: rediscovery of a social conscience SMALL INDULGENCES: using affordable little luxuries to combat stress VIGILANTE CONSUMERISM: consumers manipulating the marketplace through protest and politics According to Popcorn, you cannot look for a trend, they just appear. ‘Anchoring’ appeared first in a supermarket where Popcorn noticed Glade’s vanilla scented candle. She then noticed that Billy Graham’s book Just As I Am was on the bestseller list, Touched by an Angel was a popular television show and spiritual bookstores were making three times more than normal bookstores. This observed spiritual renaissance was sufficiently strong and pervasive enough for Popcorn to consider it a trend. ‘Eve-olution’ grew out of the fact that women in the US own 53% of the stock, purchase 50% of the PC s and own 33% of all firms, estimated to grow to 40% by 2005. Few companies however consciously develop marketing strategies specifically for women. Popcorn herself has ‘Eveolutionized’ Jiffy Lube, America’s leading quick oil-change franchise. Her research indicated that women, who were increasingly the ones getting the oil changed, found Jiffy Lube an intimidating place where mechanics’ shouting ‘woke up the baby’. Jiffy Lube mechanics now wear Madonnastyle microphones so that they can talk to each other directly, the waiting rooms are clean, there are toys for the kids, the toilet seat is down and pinup calendars with scantily clad models no longer adorn the walls. Popcorn does not just identify trends and pass this information on to other businesses. She also takes advantage of the trends. When she released her EVEolved desk which is higher than normal to allow for crossing of legs, has a built in vase, a place for earrings when the occupant is on the phone and a companion children’s desk, sales exceeded forecasts by 500%. Next on the cards is a Cocooning Chair - a heated recliner with a shorter seat because women get up and down more than men. TALKING IT OVER AND THINKING IT THROUGH 1. Have you seen evidence of Australian marketers tapping into Popcorn’s 17 consumer trends? Identify the specific product or service and the trend. For example, the Brita company has capitalized on the ATMOSFEAR trend by recently introducing a portable water bottle with filter to complement their on-tap and water jug filters. 2. How could a company like McDonald’s use the 17 trends in their marketing strategies? Be specific. 3. What types of companies do you think could benefit from investigating the DOWNAGEING, BEING ALIVE, 99 LIVES and FANTASY ADVENTURE trends? Discuss how each trend would impact on their marketing strategies. 4. Do you think political parties should be concerned about the ICON TOPPLING and SOS trends? If so, why; if not why not? If you believe they should be concerned, what specific policy platforms might they adopt? THINKING ABOUT THE FUTURE! Form a discussion group of family and friends. Select one trend that you believe marketers have not yet acknowledged. Create a product that you believe is consistent with the trend and monitor the marketplace to see if the product eventually appears. Select one trend that you believe astute marketers have acknowledged and the product/service that you believe is consistent with the trend. Monitor the marketplace to see how long it is before competition intensifies signifying that other marketers have also acknowledged the trend. Select one trend that you believe is ‘on its way out’. Monitor the marketplace to see if in fact products consistent with the trend are eventually phased out. DIGGING DEEPER! Do you think that countries develop their own unique trends consistent with their own economic, political, social and technological realities and core cultural values? For example, do you think that there are trends that are uniquely Australian, American, British, Canadian, Chinese or Indian that would be in evidence only in those individual countries? Do you believe that countries with similar [although not identical] economic, political, social and technological realities and core cultural values such as Canada and Australia or Australia and the UK would develop similar trends? Do you believe that economic, political, nological realities or core cultural values have more impact on the development of trends? SOURCE: Richard Johnson, ‘The Future Broker’, The Australian Magazine, February 16 - 17, 2001, pp. 26 - 29 Jan Charbonneau