Geography, Demography, and the Future of Retail (ft. Ken Gronbach)

"Here's the beauty of demography: it's simple. It's not rocket science. Demographics is definitive."

In this episode, Ken Gronbach discusses the profound impact of demographics on business and marketing strategies. He shares insights from his experiences in the advertising industry, particularly focusing on generational shifts and their implications for market dynamics. Gronbach emphasizes the importance of understanding population trends, labor market changes, and the role of immigration in shaping economic opportunities. He also highlights the significance of geography in market success and provides examples of how businesses can leverage demographic insights for growth. The discussion concludes with predictions for the future, particularly regarding Generation Z and the Americas' economic prospects.

Chapters:

(00:27) Introduction

(06:22) The Impact of Generation X on Markets

(13:01) Understanding Market Dynamics and Labor Needs

(18:21) The Importance of Immigrant Labor in the Economy

(21:36) Geography's Role in Market Success

(23:24) Demographic Trends in Retail and E-commerce

(27:48) Common Mistakes in Understanding Demographics

(32:37) The Future of Generation Z and Market Opportunities

(35:24) Looking Ahead: The Future of the Americas

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About Spatial.ai:

Spatial.ai’s PersonaLive is an advanced consumer segmentation platform for developing data-driven marketing strategies. PersonaLive categorizes U.S. households into 17 groups and 80 segments using consumer behavior data from transactions, mobile visits, and social media activity, providing marketers with deep insights for effective audience targeting. From mid-sized retailers and agencies to Fortune 500 companies, hundreds of businesses use PersonaLive to drive strategic decisions and enhance marketing performance. 

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