How did the COVID-19 pandemic change how people at different income levels spent? What impact did economic stimulus measures have on purchases? Consumer Expenditure Surveys (CE) could help you answer these questions and more.Continue reading
Let’s face it: we are all stressed out. According the CDC Household Pulse Survey in 2019 In 2019, 8.1% of adults aged 18 and over had symptoms of anxiety disorder, 6.5% had symptoms of depressive disorder, and 10.8% had symptoms of anxiety disorder or depressive disorder. By April 2021, 32.1% of respondents reported symptoms of anxiety disorder or depressive disorder. We need to decompress.
Consumers are focused on health and wellness, including natural ingredients. In food, beverage, pain relief, and beauty products, adaptogens and CBD ingredients are becoming more popular and sought out by consumers. A simple search in PubMed for adaptogens and stress retrieved 317 articles discussing the efficacy of adaptogens in relieving stress.
Several Lippincott Library resources can help in exploring the opportunities for alternative or innovative ingredients.Continue reading
Take me out to the ball game, take me out with the crowd!
Except that, with social distancing measures still in place, most of us probably won’t be attending any Major League Baseball games this year. But, the season is still scheduled and Opening Day is quickly approaching. If you want to follow your favorite team and maybe even learn more about your fellow fans, try using Sports Atlas.
Sports Atlas is a new database put out by the publishers of Sports Business Journal, and it collects information about professional sports leagues, their member teams, venues, and sponsorships. You can track your favorite team’s recent deals, and get an idea of its fans and their interests. In this case, let’s investigate our home team here at Penn’s campus, the Philadelphia Phillies.
After perusing the Team Snapshot and quick links, you can view detailed information by tab. View a list of all current sponsored brands with deals with the Phillies organization; sort by # of Deals across all sports or narrow down to those most closely-held with the MLB, or in the geographic region.
Use the Asset Library to put yourself right in Citizens Bank Park, the Phillies’ stadium; view photos, by season, of all of the signage around the ballpark (both virtual/digital and static/print) that can be claimed for brand sponsorships.
The Social Audience tab gives great insight into the fans of the team via their social media followers. Sports Atlas measures how much more likely a Phillies fan is also follow certain brands on social media than the average MLB fan; it comes as no surprise to this Phillies fan that a follower of the team is 20.59 times more likely to follow the Twitter account for Wawa than the average MLB fan.
How does this compare to other teams in the region? Use the Reports tab on the left to find ways that you can explore the Philadelphia, PA market overall.
You’ll first see the top brands and teams/organizations active in the area, then you can navigate to view by brands, the demographics of fans in the area using Census data, and to compare and contrast teams by social data. Here we can see the top four teams in this market — Phillies (MLB), 76ers (NBA), Flyers (NHL), and Eagles (NFL) — and see their fans’ brand affinities as a comparison table. Looks like Wawa’s sponsorship of the 76ers is paying off even more handsomely than it is for the Phillies!
Sports Atlas is fun to explore, sure, but it’s also an important tool for anyone researching sports business management, brand sponsorship & major deals, or audience demographics in the fan market.
COVID-19 has turned the world the world upside down and dramatically impacted the way we behave. New conditions require new solutions. Some of Lippincott Library’s resources can help make sense of what this means for consumer behavior and marketing. Below is a sampling of some resources and the types of information available.
The COVID-19 guide from Penn’s Biomedical Library provides links to campus, city, state and national resources oriented to the crisis, as well as to areas of emerging research.
When you see the name “Statista,” you probably draw some immediate (and accurate) conclusions about the kind of information this database provides. What you may not know, however, is that in addition to providing market- and consumer-related statistics, Statista has also developed a feature called the Global Survey. This intuitive tool enables users to research and manipulate data on a wide variety of consumer behavior topics. Included in this survey is the ability to cross-tabulate data allowing further insight into consumer behavior. You are able to explore relationships between demographics and consumer activity. The following shows you how to use Statista’s Global Survey to create a crosstab aimed at discovering consumers’ grocery shopping habits.Continue reading