These Were the 7 Biggest Consumer Trends in 2020
The year 2020 was make-or-break for many consumer-oriented companies. The COVID-19 pandemic pushed some companies that had previously been weakened by the "retail apocalypse" and U.S.-China trade war into bankruptcy.
Meanwhile, companies with forward-thinking business models seemed to weather the economic storm well, and in some cases flourish. They did so, in part, by catering to consumer trends that had developed before the pandemic but were also accelerated or possibly exacerbated by the pandemic.
Let's take a look at the seven defining consumer trends of 2020, how they affected investors, and whether or not those trends will continue in 2021.
Source Fool.com
