People are currently riding a wave of nostalgia.
This yearning for retro products is not just limited to technology.
According to research by GlobalData, more than half of consumers believe grocery products from the past are better than the ones available now.
In fact consumers have become more sceptical of the quality of modern grocery products over time, as belief that products from the past are better increased from 2014 to 2016.
This increased sentimentality toward the past is driving demand for retro revivals; as consumers look favourably on old brands and products they remember.
So why are consumers so fond of the past?
In today’s digital age, people are starting to long for a life less complicated before modern technology took over.
Amid the complexities and uncertainties of today’s world — from Trump to Brexit — people long for simpler times; and are turning to products which remind them of this.
The ultimate challenge for brands is to reinterpret nostalgia in a way that captures the charm and authenticity that consumers seek; while still leaving room for growth and evolution in a world where consumer needs are ever-changing.