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Our Sustainability Offering Framework helps identify products & business models that lie at the center of demand, competence and economics
SimonKucher · 2023 · framework_other
Our Sustainability Offering Framework helps identify products & business models that lie at the center of demand, competence and economics
 Sustainability is not a passing fad for consumers.
SimonKucher · 2023 · next_steps
Sustainability is not a passing fad for consumers.
 Contact us for the full comprehensive report
SimonKucher · 2023 · closing_ask
Contact us for the full comprehensive report
 We bring ALTAGAMMA PARTNERS and members of BCG luxury ecosystem to the table to generate the best consumers insights
BCG · 2021 · context
We bring ALTAGAMMA PARTNERS and members of BCG luxury ecosystem to the table to generate the best consumers insights
 BCG expert network ready to discuss in every large market the outcomes of True-Luxury Global Consumer Insight 2021
BCG · 2021 · team_bio
BCG expert network ready to discuss in every large market the outcomes of True-Luxury Global Consumer Insight 2021
 Post COVID-19: full recovery expected between 2021 and 2022
BCG · 2021 · market_landscape
Post COVID-19: full recovery expected between 2021 and 2022
1220 — Global Luxury Market (€B)
 Millennials & Gen Z key engines for growth
BCG · 2021 · market_landscape
Millennials & Gen Z key engines for growth
53% — Market share by generation
 True-Luxury smart-working helped the top of the consumer pyramid grow its spend significantly, even in the midst of the pandemic
BCG · 2021 · data_table
True-Luxury smart-working helped the top of the consumer pyramid grow its spend significantly, even in the midst of the pandemic
28 — Market Size (B€)
 In the next 12 months, repatriation of Personal Luxury will stay, while experiences will fuel travelling
BCG · 2021 · market_landscape
In the next 12 months, repatriation of Personal Luxury will stay, while experiences will fuel travelling
+14.1% — Average delta spending
 Americans, bullish both on domestic and abroad spend, are poised to regain their relevance...
BCG · 2021 · market_landscape
Americans, bullish both on domestic and abroad spend, are poised to regain their relevance...
7.7% — Expected delta in luxury spending
 ...Chinese instead, expected to increase their spend, but only domestically: China repatriation trend to stay
BCG · 2021 · market_landscape
...Chinese instead, expected to increase their spend, but only domestically: China repatriation trend to stay
86% — Share of luxury purchase in China
 Quest for engagement relevance in a noisy environment: Virtualization a promising and growing reality
BCG · 2021 · industry_trends
Quest for engagement relevance in a noisy environment: Virtualization a promising and growing reality
$178B — Market size
 1 out of 2 true luxury consumers, among the 39% aware, has bought luxury in-game items and, out of them, 86% purchased the corresponding physical version
BCG · 2021 · customer_journey
1 out of 2 true luxury consumers, among the 39% aware, has bought luxury in-game items and, out of them, 86% purchased the corresponding physical version
86% — Conversion rate
 Channel-agnostic customer journeys & personalized clienteling 2.0
BCG · 2021 · section_divider
Channel-agnostic customer journeys & personalized clienteling 2.0
 The path ahead for Offline: from self-standing channel to touchpoint
BCG · 2021 · financial_analysis
The path ahead for Offline: from self-standing channel to touchpoint
380/400 — Luxury market channel mix
 Clients become channel agnostic, expecting consistency...
BCG · 2021 · industry_trends
Clients become channel agnostic, expecting consistency...
~90% — Consumer preference for multi-channel
 ...and demanding personalized "touch": crucial for brands in the on-going quest for relevance
BCG · 2021 · market_landscape
...and demanding personalized "touch": crucial for brands in the on-going quest for relevance
72% — Consumer preference (%)
 Social and live commerce (i.e. livestreaming) boosted
BCG · 2021 · section_divider
Social and live commerce (i.e. livestreaming) boosted
 Livestreams highly relevant for US and Chinese luxury consumers and proving to be a high "conversion" tool (about 70% on average)
BCG · 2021 · market_landscape
Livestreams highly relevant for US and Chinese luxury consumers and proving to be a high "conversion" tool (about 70% on average)
70% — Conversion rate
 New York State has been hit harder by COVID-19 than any other State
misc · 2020 · situation_overview
New York State has been hit harder by COVID-19 than any other State
35% — Share of US COVID-19 cases and deaths
 These impacts extend to the NY economy
misc · 2020 · situation_overview
These impacts extend to the NY economy
+2,104% — Economic indicators
 Before the COVID-19 epidemic, New York enjoyed a decade of economic prosperity
misc · 2020 · context
Before the COVID-19 epidemic, New York enjoyed a decade of economic prosperity
+1.3M — Jobs created
 NY economic health is crucial to the health of the US economy
misc · 2020 · context
NY economic health is crucial to the health of the US economy
8% — US GDP share
 Nationwide policies put in place to slow the pandemic have reduced infections, hospitalizations and deaths, however they unavoidably result in significant economic harm
misc · 2020 · problem_statement
Nationwide policies put in place to slow the pandemic have reduced infections, hospitalizations and deaths, however they unavoidably result in significant economic harm
 Impact to date: Hotels, food services and entertainment hit particularly hard, other industries also shown signs of distress
misc · 2020 · industry_trends
Impact to date: Hotels, food services and entertainment hit particularly hard, other industries also shown signs of distress
+2,104% — YoY increase of unemployment insurance claims
 Rate of economic recovery after lockdown period expected to vary by industry as well as by region
misc · 2020 · scenario_analysis
Rate of economic recovery after lockdown period expected to vary by industry as well as by region
 Empirically, flu shocks have been V-shaped - at this point - Covid-19 is a deep V-shaped, veering towards a U-shape
misc · 2020 · case_study
Empirically, flu shocks have been V-shaped - at this point - Covid-19 is a deep V-shaped, veering towards a U-shape
 Latest estimates of economic impact in NY is $243B vs. pre-Covid GDP level, and an additional $202B vs. pre-Covid trend, for a total loss of $445B
misc · 2020 · financial_analysis
Latest estimates of economic impact in NY is $243B vs. pre-Covid GDP level, and an additional $202B vs. pre-Covid trend, for a total loss of $445B
$445B — Total economic loss
 General Fund receipts are projected to decline by $13.3B for SFY 2021 and $61B from 2021-24
misc · 2020 · financial_analysis
General Fund receipts are projected to decline by $13.3B for SFY 2021 and $61B from 2021-24
$69B — Budget Gap
 Historically, many outbreaks experienced multiple waves—risks remain until vaccine in hand—public health decisions will impact recovery time
misc · 2020 · case_study
Historically, many outbreaks experienced multiple waves—risks remain until vaccine in hand—public health decisions will impact recovery time
 Impact of this recession on the NY economy expected to be smaller and shorter than the worst ones of the past 100 years, but more severe than recent ones
misc · 2020 · benchmark_peers
Impact of this recession on the NY economy expected to be smaller and shorter than the worst ones of the past 100 years, but more severe than recent ones
14% — Percentage of pre-recession GDP destroyed
 Estimated impact of this recession on the economy is greater than 9/11 and the Great Recession, characterized by a steeper decline from peak to trough
misc · 2020 · comparison_table
Estimated impact of this recession on the economy is greater than 9/11 and the Great Recession, characterized by a steeper decline from peak to trough
14% — Impact index
 Economic impact expected to be felt throughout NY, with Greater Metro affected most based on epidemic conditions and concentration of highly impacted industries
misc · 2020 · scenario_analysis
Economic impact expected to be felt throughout NY, with Greater Metro affected most based on epidemic conditions and concentration of highly impacted industries
-12.0% — Real GDP
 Six NY industries account for a large share of the State economy based on percent of employees, payroll and small businesses
misc · 2020 · market_landscape
Six NY industries account for a large share of the State economy based on percent of employees, payroll and small businesses
54% — Share of NY employees
 These six sectors account for 40% of NY private sector GDP, over 50% of its workforce, and over 60% of the incremental UI claims filed recently
misc · 2020 · waterfall_chart
These six sectors account for 40% of NY private sector GDP, over 50% of its workforce, and over 60% of the incremental UI claims filed recently
60% — Incremental UI claims
 Accommodation and Food Service: Severe short-term impact followed by a slower recovery than in prior recessions due to social distancing
misc · 2020 · industry_trends
Accommodation and Food Service: Severe short-term impact followed by a slower recovery than in prior recessions due to social distancing
40.6% — Industry GDP
 Construction: All non-essential activities halted due to lockdown, recovery expected to be slower than average
misc · 2020 · industry_trends
Construction: All non-essential activities halted due to lockdown, recovery expected to be slower than average
-27% — YoY % change of monthly construction permits
 Finance and Insurance: industry employment not impacted by the lockdown itself but expected headwinds due to upcoming recession
misc · 2020 · industry_trends
Finance and Insurance: industry employment not impacted by the lockdown itself but expected headwinds due to upcoming recession
2.8% — Industry GDP impact
 Finance and Insurance: Based on unemployment claims to date and unlike other sectors, the impact of Covid-19 is neither direct nor immediate
misc · 2020 · industry_trends
Finance and Insurance: Based on unemployment claims to date and unlike other sectors, the impact of Covid-19 is neither direct nor immediate
 Finance and Insurance: Industry impacts expected to be indirect and delayed due to economic headwinds in the coming quarters
misc · 2020 · industry_trends
Finance and Insurance: Industry impacts expected to be indirect and delayed due to economic headwinds in the coming quarters
 Healthcare (Ambulatory Services only): Moderate impact during the lockdown, followed by a fast recovery due to pent-up demand
misc · 2020 · industry_trends
Healthcare (Ambulatory Services only): Moderate impact during the lockdown, followed by a fast recovery due to pent-up demand
8.6% — Industry GDP impact
 Retail: Impacts and recovery vary among essential vs. non-essential retailers and depend on physical vs. online channel
misc · 2020 · industry_trends
Retail: Impacts and recovery vary among essential vs. non-essential retailers and depend on physical vs. online channel
27.5% — Credit card sales change YoY
 Retail expected to see a partial, quick recovery immediately after lockdown, followed by a slower one due to social distancing
misc · 2020 · scenario_analysis
Retail expected to see a partial, quick recovery immediately after lockdown, followed by a slower one due to social distancing
 Transportation: Near term impact on revenue and employment followed by slower than average recovery due to social distancing and behavioral changes
misc · 2020 · industry_trends
Transportation: Near term impact on revenue and employment followed by slower than average recovery due to social distancing and behavioral changes
21.7% — Industry GDP
 Transportation: Ridership for NY public transportation authorities has declined 65-80% YoY, while rideshare services dropped >80%
misc · 2020 · market_landscape
Transportation: Ridership for NY public transportation authorities has declined 65-80% YoY, while rideshare services dropped >80%
80% — YoY ridership change
 This analysis represents preliminary findings from a point in time - actual impact could be even more severe
misc · 2020 · disclaimer
This analysis represents preliminary findings from a point in time - actual impact could be even more severe
 Economic momentum remains mixed, with slowing services and still-weak manufacturing highlighting elevated uncertainty
Accenture · 2025 · kpi_dashboard
Economic momentum remains mixed, with slowing services and still-weak manufacturing highlighting elevated uncertainty
12 countries x 5 indicators — Monthly indicator shading across countries
 Tariffs are dampening both manufacturing and services activity in the US and exacerbating existing weakness across Europe
Accenture · 2025 · peer_benchmark
Tariffs are dampening both manufacturing and services activity in the US and exacerbating existing weakness across Europe
50 — April Flash PMI
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