The Price Crisis 2022-2023: Winners, losers and strategies for success
2nd Intent HQ Chair on Changing Consumer Behavior Conference
IESE’s Intent HQ Chair on Changing Consumer Behavior will hold its second conference, The Price Crisis 2022-2023: Winners, losers and strategies for success, on IESE’s Madrid campus on May 24. The conference is led by Prof. José Luis Nueno, holder of the chair.
If ever there was such a thing as “normal” consumer behavior, it was just an illusion. The only thing that is normal about consumption patterns is that they continually adapt to changing macro environments. During periods of relative stability, we came to consider “normal” what has remained more or less predictable. When the pandemic put an end to “business as usual”, people began to prepare for a “new normal” that failed to take root. As consumers, retailers, brands and their manufacturers began to adjust to the post-pandemic playing field, another disruption caught up with them – as “normally” happens.
Inflation is the “new normal” of the day. It seems that costs have skyrocketed everywhere: energy, raw materials, labor and transportation, consumer goods, interest rates. As tends to be the case, these factors influence different players to varying degrees. Many, but not all, wallets are feeling the burn, and many consumers are adjusting their spending, albeit in different ways.
This year’s conference will analyze recent data to suggest the most promising strategies for businesses in each sector – whether or not they favor the current climate – to understand the heterogeneous circumstances of the consumer base in their response to current needs.
Date: Wednesday, May 24, 9:30 – 14:30
Place: Auditorium, Executive Building, IESE Madrid
9:30 – Participant check-in
10:00 – Welcome & presentation of Intent HQ Chair on Changing Consumer Behavior
- José María Bonmatí, General Manager of AECOC GS1
- José Luis Suárez, Professor of the Department of Financial Management & Director of IESE’s Madrid campus
10:15 – Presentation: La crisis de los precios 2022-2023: Ganadores, perdedores y estrategias para el éxito
- Prof. José Luis Nueno, Holder of the Intent HQ Chair & Professor of Marketing at IESE
11:00 – Roundtable: Who wins and who loses?
- Pepe Jeans
- Moderator: Prof. José Luis Nueno
11:30 – Coffee break
12:00 – Presentation: Estrategias de éxito: conocer al consumidor a partir de datos propios y de terceros
- Phil Douty, Global VP of Intent xChange
12:30 – Presentation: Estrategia de éxito: uso de la Inteligencia Artificial para comprender al consumidor en el nuevo entorno actual
- Idan Arealy, VP of Edge Products
13:00 – Final Conclusions
- Alfonso Urien, Director of Intent HQ Chair on Changing Consumer Behavior
13:10 – Networking & light snack
New tool to analyze consumer behavior
IESE’s Intent HQ Chair has created a new data platform that connects academic researchers and large data sets from a growing number of companies, in order to generate valuable insights into consumer behavior.
So far, the chair has signed agreements with companies including Orange, Glovo, Elparking, Imbric, EYSA, GrupoNext, Fintonic, Atresmedia, Meliá Hoteles, Acotex, Cooltra and Bip&Drive to contribute data to the platform.