The Rise of Consumer Spending

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Are you a citizen of the emerging 750 ?

Longitudes

Future of Cities2Cities are becoming increasingly powerful centers of economic activity. As more young people move to cities – and the demand for sophisticated labor increases – more wealth will be concentrated in these urban areas. These changes are only expected to accelerate over the next decade.

In fact, Oxford Economics’ Global Cities 2030 report forecasts that by 2030, an estimated 60% of the world’s high-income consumers will live in the world’s top 750 cities.

Economy in flux

Changes in consumer spending patterns will have serious implications for companies preparing their business to thrive in these diverse markets. As the economic landscape changes over the coming years and as cities attract more and more high-powered consumers, companies will need to rethink everything – from their supply chains to the types of products and services they offer across the world.

[pullquote align=right] Changes in consumer spending patterns will have serious implications for companies.[/pullquote]Consumer…

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