July 6, 2023
North American consumers interact an average of three times with a brand before making a purchase.
That's a top finding of the Global Consumer Trends Report 2023 released by MoEngage, a customer engagement platform.
The data includes a survey of more than 3,2000 consumers and insight on behaviors and preferences of 1.3 billion consumers worldwide, according to a press release.
"Today, consumers are looking for greater value, and price is at the forefront of consumers' motivations for brand switching," Raviteja Dodda, CEO of MoEngage, said in the release. "To succeed, brand marketers must tailor their offerings based on better customer insights. Our research shows that hyper-personalization will help marketers win loyalty as long as they can provide a consistent brand experience across all channels."
Additional findings include: