As we prepare to welcome a new year, and a new decade, HOMEWORLD BUSINESS spoke with Tom Mirabile, veteran consumer trend expert and principal and founder of the new Springboard Futures, a trend report service, about what he believes are top consumer trends that will have an effect on the housewares industry in 2020.
When it comes to housewares, trends, in all of their forms such as consumer, business, economic, design, function and of course, lifestyle, are often what help to shape the important decisions a supplier or retailer must make in order to succeed. And while design and functionality typically played a key role in product innovation, in recent years, the shift has turned towards the consumer and tapping into their lifestyle habits and aspirations in order to provide guidance into the future.
“Time, Space and Experience are what will drive the housewares industry in the coming years. These three trends are a bit different than the norm, as they are aspirational trends, which drive consumer spending regardless of generation and most other demographic profiles,” said Mirabile.
Mirabile’s insights for 2020 are culled from his more than 20 years of experience as a thought leader in the housewares industry, as well as from Springboard Insights’ rating team of 40 leading industry experts. Experts include Michelle Lamb, editorial director for The Trend Curve publications, as well as Patti Carpenter, principal of global design firm Carpenter+Company and trend consultant for Pantone and Maison et Objet.
Springboard Insights has also been named a key partner in consumer trend forecasting for the International Housewares Association. Mirabile will present the Time, Space and Experience trends, as well as additional consumer trends, during the keynote address at the IHA’s upcoming Inspired Home Show, scheduled to be held March 14 to 17, 2020, in Chicago.
“Our goal at Springboard Futures is to provide relevant, actionable insights into consumer lifestyles and aspirations, two of the most crucial components of success in the modern marketplace. In parallel to that objective, we’re structured to deliver an array of focused reports and forecasts, many of which can be customized to meet the needs of various distribution channels and product categories,” said Mirabile.
For more about Mirabile’s top 2020 trends and Springboard, see the December 16 issue of HomeWorld Business.