Wunderman Thompson Singapore
Thu, 20 Feb 2020 14:27:51 GMT
While Asia remains the world’s fastest growing region, this part of the world is experiencing geopolitical shifts, trade battles and territorial disputes. In spite of this, there exists a group of people who - with youth on their side - are optimistic about their future, highly engaged in socio-economic issues and more open-minded than ever when it comes to race, religion and relationships. They are Generation Z.
Gen Z’s - the younger siblings of millennials - are more politically aware, more environmentally conscious and more socially progressive than those before them. The Generation Z: APAC report – researched, developed and distributed by Wunderman Thompson Intelligence – delves into the motivations and behaviours of young consumers in nine markets, examining how they differ from each other and from older generations.
Using original consumer data by our in-house data unit SONAR from 4,500 consumers aged 13 to 23 years, Wunderman Intelligence APAC has identified what drives them, what worries them, who they regard as heroes, and ultimately, how these translate into trends and opportunities for brands. The data from China, Hong Kong, Indonesia, Japan, the Philippines, Singapore, Taiwan, Thailand and Vietnam cover shopping, finances, technology and media, as well as gender and politics.
Given in 2019 Generation Z made up 32% of the world’s population, this is a group that should not be ignored.
“This is the most global, connected generation ever,” said Chen May Yee, APAC director of Wunderman Thompson Intelligence. “Gen Z Asia are coming of age amid a climate crisis and stormy geopolitics and they worry about everything from future job prospects to online privacy. Yet roughly three quarters say they will be better off than their parents’ generation. That mix of positivity and maturity is already influencing how brands think and act.”
Key findings include: