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Thursday, 17 July 2014

Singapore's Gen X consumes news, shops online and socially: Brand Alliance

The top Influential Brands in Singapore have been selected by the upwardly mobile Generation X (Gen X) in a consumer choice-based award programme driven by Brand Alliance*. 

Source: Brand Alliance. Brand Alliance handed out the 2013 Influential Brands awards on November 2013. The 2014 Influential Brands conference will be held on 10 November 2014.

The survey has revealed that there are more than 100 Top Influential Brands in Singapore. More than 20 new brand categories were created in 2014, including the Online Platforms category. 

According to Brand Alliance, Gen X consumers in Singapore value convenience despite being price-sensitive. They tend to make brand decisions based on ease of obtaining a product or service, weighing elements such as location, accessibility and user-friendliness of online platforms when making decisions.
They are less influenced by recommendations when making brand decisions for the categories surveyed.

While print is still highly relevant as a source of news for Singapore's Gen X, online and social platforms are rising to be their preferred news sources. “With increasing shifts in consumer behaviour driven by technology and digital platforms, both local and international brands are communicating with a distracted group of consumers. 

"The window to capture attention and purchase decisions has shifted from traditional retail to include alternative platforms and this spells opportunities for brands to increase conversion for online platforms or increase engagement through multiple channels at various points of a consumer decision journey,” commented Jorge Rodriguez, Director of Strategy at Influential Brands.

Some of the 2014 Top Influential Brands are below. 


Deal Aggregators
Online Hotel & Flights
Online Groceries

All Deals Asia
Agoda
Click-it-grocery

Deal.sg
AsiaRooms
Cold Storage

Groupon
Zuji
Groxers

Super Deals by inSing

NTUC Fairprice



RedMart

Online Apparel
Electronics Retailers
Mobile Phone Brands

Qoo10
Best Denki
Apple

Singsale
Challenger
HTC

Taobao SEA
Courts
Nokia

Zalora
Gain City
Samsung


Harvey Norman
Sony



*Brand Alliance surveyed more than 3,000 Gen X respondents in Singapore between ages of 34 and 54 years old in the first half of 2014 about their preferred brands across industries. 

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