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Market Trends Analysis

Is the Pandemic Revving-up BFSI Disruptions? Here’s How Market Trends Analysis Can Help

Given the growing needs and dynamism in the financial services industry, market trends analysis has become a cornerstone to success for BFSI companies. Playing an undeniably important role in digital transformation, market trends analysis can help businesses shape the future by streamlining processes for claims, billing, underwriting, and customer management while providing evidence for accurate decision-making.

But can a one-size-fits-all approach help the financial industry navigate the new normal? Absolutely not! With a forward-looking vision, Infiniti Research has helped several leading banking and insurance companies upgrade and streamline their business operations by offering custom-built, market-specific insights.

market trends analysis

Got a specific problem that you wish to address using advanced market intelligence solutions? We’re here to help you! Get in touch with an industry expert right away.

The Business Challenge: How COVID-19 Has Transformed the Financial Industry

The impact of COVID-19 on global financial markets is primarily felt through asset risks, market volatility, and declining premium growth prospects. Developed insurance market segments, including home insurance, life insurance, and travel insurance, are likely to shrink due to the economic slowdown. Due to many such pandemic-induced challenges, banking and insurance service providers are now looking to ramp up their transformation efforts by conducting an in-depth market trends analysis to stay focused on data security and regulation while fending their business from cyberattacks.

Top challenges facing the banking and insurance industry based on our market research:

  • Stable capital levels are poised to position forward-looking insurance companies to thrive in the new normal
  • The pandemic will prompt BFSI firms to quickly respond to megatrends using market trends analysis
  • The COVID-19 outbreak impacted all lines of business within the financial services market, prompting businesses to accelerate their digital transformation initiatives
  • Higher mortality rates dues to COVID-19 are affecting the bottom lines and business processes in the insurance industry

As a result, BFSI companies are struggling to meet their cost of capital, and business efficiency has barely improved over the past decade. While some lines of business have witnessed years of steady top-line growth, the life insurance and travel insurance segment in mature markets have been impacted by the pandemic.

Request a free proposal from our market trends analysis experts to learn more about our pricing policies and engagement models.

Therefore, as leading banking and insurance companies struggle to sustain growth, the pressure to boost business performance is becoming a top priority. Unlike other industries that have leveraged market trends analysis to capitalize on their investments, the insurance industry hasn’t witnessed a measurable improvement in the past five years. Adopting a more structural, financial market trends-based approach to business process redesign is required at the moment to move the needle and future-proof the business.

Market Trends Analysis in Insurance: How we can help

Infiniti’s market trends analysis solutions leverage proven methodologies and frameworks developed over decades of global best practices implementation in some of the world’s top BFSI companies. The uniqueness of our market trends analysis solutions stems from the fact that our research methodologies have industry-specific business dynamics built in to ensure the client gains access to accurate insights to address the unique needs of their business.

Our market intelligence solutions can help you identify the areas of strategy, processes, controls, systems, and visibility to re-engineer, plan and streamline your business while also helping you achieve your long-term strategic goals.

For more of our coronavirus coverage and its impact on the banking and insurance services industry, request more information from our market experts.

We’ve identified five golden rules for leveraging market trends analysis in insurance based on our research. It includes:

  1. Define your long-term strategic goals
  2. Take time to understand the dynamism in the market
  3. Stay away from intuitive decision-making and adopt evidence-based approaches
  4. Identify critical levers of change and target a minimum of two structural, process- or digital transformation elements
  5. Effectively manage transformational risks and establish metrics to gauge business success

Following the five rules mentioned above will accelerate business success and increase the odds of a positive outcome. To know more about market trends analysis and its business benefits, visit: https://bit.ly/3bWNIoh.

You’re just a click away from gaining comprehensive insights into our BFSI market trends analysis solutions portfolio. Request a free brochure now!

In our experience, leading banking and insurance service providers have shown speed and agility in responding to evolving market trends by redesigning their business models. Looking ahead, organizations must adopt a comprehensive, evidence-based approach to decision-making and proactively tackle disruptions. Therefore, to succeed in the new normal, banking companies must take advantage of market trends analysis and work towards redefining the future.

Trends Analysis + Health and Wellness Food Market

Maintaining a Strategic Edge in the Health and Wellness Food Industry with Market Trends Solutions: A Case Study

Health and Wellness Foods Market Overview

In recent years, health and wellness have extended beyond physical fitness and basic nutritional fitness. Doctors, nutritionists, fitness professionals, and consumers have become increasingly focused on the value of constant healthy consumption. In a rapidly evolving and incredibly challenging world, maintaining physical, nutritional, and mental health is imperative to growth. This change has propelled the scaling of the health and wellness food market while restricting the development of diet plans.

However, as is the case with most markets, the health and wellness food market has also witnessed the advent and end of many trends, and companies have experienced the need for market trends analysis. With evolving consumer behavior and preferences toward health and wellness, and fitness change, so do their consumption needs and demands. While the market is steadily expanding, continuously changing trends often cause challenges with inventory management, marketing initiatives, product development, and increase potential risks for businesses in the health and wellness food market.

The COVID-19 pandemic has increased consumers’ focus on individual health, and companies in the health and wellness food market capitalize on this growing trend. Request a free proposal to learn how your business can capitalize on current and future market trends.

Scope of the Trends Analysis Engagement

Keeping pace with changing market trends has become increasingly difficult as digitization, social awareness, and ethical consciousness continue to grow. However, with Infiniti’s market trends analysis, companies in the food and beverage industry identify, evaluate, and strategize for current and upcoming market trends. This critical analysis provides all clients with a significant competitive advantage and helps them stay a step ahead of their competitors as well as consumers with novel strategies and offerings. In this engagement, Infiniti’s trends analysis experts help a health and wellness food company overcome market challenges with a comprehensive analysis, product research and mitigate the risks of sudden changes.

Market Trends Analysis + Health and Wellness Food Market

Business Challenges

A leading health and wellness food company in the Asia-Pacific (APAC) region struggled to keep pace with consumers’ demands and noticed its decline in customer retention. While competitors developed relevant offerings, targeted marketing initiatives, and robust supply chain strategies, the company was losing ground due to traditional and rigid approaches. To keep abreast of the changing market and maintain efficient methods and relevant offerings, the client required a flexible supply chain, targeted marketing initiatives, data-driven product development processes, and a system to identify and strategize for upcoming market trends. Therefore, the company chose to partner with Infiniti Research and leverage our expertise in offering market trends analysis solutions. With this engagement, the health and wellness food market player also wanted to re-establish themselves as an industry leader, decrease their customer attrition rate, and mitigate the risks caused by changing trends.

Infiniti’s trends analysis experts have helped many food and beverage industry players identify and strategize for significant market trends. Speak with our experts to learn how your business can benefit from our solutions and advice.

Our Integrated Approach

Infiniti’s market trends analysis experts worked closely with the company to establish efficient and comprehensive strategies and develop an unparalleled approach to changing trends. This process included three steps. For the first step, the experts identified current significant trends in the market and helped the client evaluate the impact of market trends. With this step, the experts also aimed to provide the client with an effective system to identify, assess, and strategize future market trends.

With the insights from the trends analysis, the experts helped the client adapt their marketing strategies and product development process to accommodate market dynamics and risks. The experts also attempted to enable efficient preparation and proactive adaptation of marketing and product development initiatives while tracking and mitigating potential supply chain, distribution, and revenue-impacting risks.

The third and final step included developing a flexible approach to supply chain strategies and inventory management. Infiniti’s trends analysis experts helped the supply chain and inventory teams enable quick changes, fast and high-quality delivery, and easy adaptation to changing market dynamics to account for the constant changes in trends.

Business Outcomes

The market trends analysis solution helped the health and wellness food market client overcome the severe impact of the various market trends that had impacted their market share, revenue, and customer retention levels. The engagement also helped the company prepare for potential future market trends and maintain strategies easily adapted or modified as per consumer and market demand. With an effective system to identify future trends, the company could proactively strategize, plan, and approach various market changes.

New, relevant, and flexible marketing strategies helped the client focus on promoting offerings and content that attracted their target consumers while keeping abreast of current market trends. Additionally, the insights into the changing market dynamics helped the client develop new products or adapt previous offerings to appeal to their target audience as per current and future trends. These changes led to a significant increase in customer attraction and customer satisfaction.

Further, a flexible supply chain and improved inventory management enabled enhanced communication, transparency, adaptation, and growth. With fast, high-quality, and trend-conscious offerings, the health and wellness food market client soon re-established themselves as an industry leader, overcame the challenges of the changing market trends, and recovered from the impact of their previous weaknesses. Within one year of the engagement, the client’s customer retention rate increased substantially, also mitigating the risks of changing market trends helped realize huge savings across the supply chain, and their new strategies helped regain significant market share.

Our market trends analysis solutions provide companies with the opportunity to gain and maintain a significant strategic edge in an ever-changing market. Request more information to learn more about the value of trends analysis in the food and beverage industry.

Risk Assessment + Ready-to-Eat Food

Addressing and Mitigating Supply Chain Risks in the Ready-to-Eat Food Market with Risk Assessment Solutions

Ready-to-Eat Food Market Overview

The evolving global economy and a steadily increasing need for employment have made convenience the primary focus for consumers. With digitization, travel, accommodation, communication, and leisure have become convenient and easy to access. Additionally, with delivery services and mobile applications, everything from groceries to fully prepared meals from favored restaurants is a single online transaction away. The food and beverage industry has increasingly felt the pressure of consumer needs and demands to create an alternative to microwavable, packaged, ordered food, or more. Therefore, the ready-to-eat food market has grown exponentially in recent years.

However, without a risk assessment, most companies face severe challenges and disruptions.  Although increasing urbanization, rising health consciousness, and the growing working population have led to a surge of growth and profit in this market, the ever-increasing demand has also made it challenging for companies to ensure supply chain efficiency and stay ahead of all market dynamics and risks.

Overcoming challenges in the difficult ready-to-eat food market requires a comprehensive understanding of the potential market and supply chain risks and brilliant risk mitigation strategies. Request a free proposal to learn how Infiniti’s risk assessment solutions can help your business.

Risk Assessment Engagement Overview

Risk assessment solutions aim to help companies gain a comprehensive overview of their market and its challenges. It also provides market players with in-depth insight into current and potential risks in their market and enables efficient risk management strategies. In this engagement, Infiniti’s risk assessment experts helped a ready-to-eat food manufacturer identify market and supply chain risks and develop strategies to overcome them. Our experts leveraged a risk analysis, market trends analysis, and industry best practices assessment to help the supplier.

Client Profile

The client is a renowned ready-to-eat food manufacturer based out of the United States, distributing across North America.

Business Challenges

As the ready-to-eat food market continues to grow at a substantial rate, the manufacturer struggled to address major challenges along the supply chain that caused significant losses. These challenges included issues with supply continuity, contamination risks, and consumers’ changing preferences. Various complexities, including limited suppliers and inventory capacity shortages, were becoming evident along the supply chain and limiting growth for the client. Additionally, without proper storage, the client risked contamination of their products during transit, consequently risking severe backlash from their consumers. In an industry as versatile and consumer-centric, changing consumer preferences may cause further inventory and supply chain challenges. To address these varying issues, the ready-to-eat food market client chose to partner with Infiniti Research and leverage our expertise in offering risk assessment solutions to identify, evaluate, and mitigate all potential risks in the market and supply chain.

Risk Assessment

Consumers’ changing preferences can be the most significant challenge and risks in a consumer-centric market, such as food and beverage. Request more information to learn how businesses can stay a step ahead of consumers and competitors with our solutions.

Our Integrated Risk Assessment Approach

Infiniti’s risk assessment experts worked closely with the manufacturer’s team to identify the industry’s major challenges and develop a comprehensive approach to address all current and potential risks. The four-phased process included the following:

  • A risk analysis was conducted to identify risks along the supply chain for the ready-to-eat food manufacturer. The process aimed to address the dangers of limited suppliers and inventory capacity shortages and offer comprehensive solutions to mitigate the risks.
  • The experts conducted a market trends analysis to identify upcoming trends in the food and beverage industry and identify factors influencing consumers’ changing preferences to help the manufacturer prepare for forthcoming changes and mitigate the risk of sudden changes.
  • To address the risk of contamination, Infiniti’s risk assessment experts utilized an industry best practices assessment to assess competitors’ and industry leaders’ strategies, storage alternatives, and supply chain plans and help the client adapt their approach accordingly.

Business Outcomes

Leveraging Infiniti’s risk assessment solutions helped the ready-to-eat food market client identify and overcome the various challenges within the market and supply chain. The risk analysis helped the manufacturer mitigate the risk of limited suppliers by identifying more partners and local suppliers to prepare for potential challenges, crises, or logistical mishaps. The client also implemented improved inventory management solutions to reduce wastage and increase the functionality of their inventory.

By understanding upcoming market trends and constant factors that influence consumers’ preferences, the manufacturer adapted its offerings as per demand. Additionally, the client was able to keep track of future market trends and changes and ensure that their offerings kept pace with consumers’ changing needs. Further, after conducting the industry best practices assessment, Infiniti’s risk assessment experts recommended investment into temperature-controlled transit vehicles for their products, particularly ready-to-eat food that may spoil. The client invested their resources as per Infiniti’s risk assessment experts’ insights, reduced losses, and costs, increased revenue, established themselves as an industry leader in the United States, and gained significant market share within two years.

Attempting to address the various supply chain risks in the ready-to-eat food market? Speak with our risk assessment experts to learn how our solutions can help you identify, understand, and mitigate risks with in-depth insights and data-driven recommendations.

renewable energy trends + trends analysis

Analyzing Renewable Energy Trends and Transforming the Energy Sector

Environmental concern and awareness regarding the need for renewable energy sources have grown exponentially over the past decade. Millennial and Gen Z individuals have taken various initiatives to improve the environmental status of the world. Natural hazards, climate change, loss of precious habitat, and the endangerment and extinction of different animal species have led to governments’ increased caution and renewable energy initiatives. These factors have influenced and impacted various renewable energy trends worldwide, and renewable energy market players have witnessed significant change.

The COVID-19 pandemic took a severe toll on the renewable energy market, causing various supply chain disruptions and slowing the process of shifting from traditional energy sources. However, there is immense scope for growth in the coming years due to significant and positive renewable energy trends affecting the market currently. Further, the reduced availability of fossil fuels, changing trade policies regarding the oil and gas industry, and increasing petrol and diesel prices have led to piquing consumers’ interest in renewable energy.

Although there have been various changes and renewable energy trends over the past year, the most significant ones have led to increased interest in the market, rising competition, and a range of options for consumers. Renewable energy sources include solar, wind, hydro, geothermal, tidal, and various others. All the sources of renewable energy require substantial investment and can be challenging to procure. However, Infiniti’s trends analysis experts studied the market and identified three significant renewable energy trends that can help companies and consumers tackle these challenges efficiently.

The world is evolving, and consumers have realized a need for change in energy consumption. To learn how renewable energy trends are propelling this conversion and how your business can capitalize on it, request a free proposal.

Renewable Energy Trends

There has been an upsurge in consumer and company interest in renewable energy. Considering the vast number of challenges, renewable energy was expected to grow at a slow and steady pace. However, with the recent renewable energy trends, experts can expect substantial growth in the market over the coming years, particularly in the post-COVID era. Three trends that are impacting the renewable energy market and propelling the growth are as follows:

renewable energy trends + trends analysis

Government Policies

The social, political, and economic impact of the COVID-19 pandemic has led to a significant set back for many countries. The post-COVID era holds the opportunity for countries and governments to recover and create a stronger, better, and more environmentally friendly country. While governments have increased economic and financial support for small businesses and citizens, there have also been significant investments towards creating a healthier and new country. Renewable energy sources enable sustainable and healthy recovery for countries.

Therefore, governments have introduced policies to promote the adoption and widespread use of renewable energy sources. Support from governments immediately translates into improved tax credits, expedited permits, better grants and loans for innovators, and new deadlines for interrupted projects. Companies can use this renewable energy trend to their advantage and further the promotion and adoption of their offerings, while consumers can adopt renewable energy sources with fewer challenges.

Change comes with advancement, innovation, and government initiatives. For comprehensive insights into how these changes impact your business and support the ideal growth strategies, speak with our industry experts.

Green Hydrogen

Due to citizens’ demanding lifestyles and the high consumption of energy, available renewable energy sources may not suffice. The lack of or stoppage of traditional energy sources such as coal and fossil fuels, which produce high levels of carbon emission, will remain an accessible option, slowing down the process of shifting to an improved world. Therefore, innovation has been abundant within the renewable energy market, and scientists, researchers, and companies have adopted a new form of providing small amounts of energy.

Green hydrogen is a type of fuel created through a process called electrolysis, which removed all traces of carbon dioxide from the eventual product. This fuel can be used to fuel electric or hybrid cars and provide central heating in homes. European countries have quickly adopted this fuel, and the European Union aims to include green hydrogen in their economic recovery plan. Green hydrogen serves as an efficient alternative to natural gas and other high emission fuels. Companies can explore this renewable energy trend and other innovations to expand their offerings and provide customers with further options.

Reduced Costs

Technological advancement has transformed the world for the better in many ways. The evolution of the renewable energy market is one such transformation. Through various breakthroughs, the renewable energy market has successfully improved its supply chains and streamlined manufacturing substantially. These changes have led to reduced costs of production and implementation for businesses and consumers.

These costs are expected to reduce further in the coming years. Therefore, making renewable energy alternatives available to low-income countries and furthering renewable energy over fossil fuel alternatives. With the ideal policies and supportive government policies, these renewable energy trends can help the market expand and grow substantially, creating healthier and greener countries, a better world, and citizens’ healthier lives.

Trends Analysis Solutions in the Renewable Energy Market

The COVID-19 pandemic left a lasting impact on the renewable energy market. However, awareness of these trends and capitalizing on them can help the market recover and grow further in the post-COVID era. To capitalize on major renewable energy trends, propel their business, and grow exponentially, companies need to be aware of their market dynamics, challenges, trends and require appropriate guidance in the matter.

Infiniti Research offers the expertise of over 50 years in providing trends analysis solutions in the energy sector. With our experts’ help, industry leaders in the energy sector have improved customer satisfaction, reduced production costs substantially, and increased revenues. Our trends analysis solutions help businesses identify significant trends in the market, gain a comprehensive understanding of their impact, and develop impeccable strategies to address the same.

Infiniti’s trends analysis solutions can help businesses understand and incorporate the latest renewable energy trends efficiently. Request more information to learn how our solutions can help your business grow.

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