Executive Summary
Trust may be intangible, but it is a crucial motivation in consumer purchase decisions. Trust is not just a value; it is a strategic asset essential for business success. Consumers trust brands they love, value organisations that use their data responsibly and are loyal to businesses that address environmental concerns. With the rise of GenAI, trust is even more pivotal, as consumers need reassurance about data security and ethical AI usage. Trusted brands benefit from greater consumer engagement, enhanced personalisation in sales and strong brand advocacy.
To sustain and leverage trust, companies must, among other things, implement environmentally sustainable practices and pledge rigorous data protection measures. Our latest survey, "Voice of the Consumer 2024: Middle East," leverages insights from over 2,100 consumer responses across the Kingdom of Saudi Arabia, the United Arab Emirates, Qatar, and Egypt and reveals six critical areas where trust gaps exist and offers insights into how consumer companies can bridge these gaps to maintain and grow market share.
Here are our key takeaways:
In this report we spotlight the perspectives of three distinct consumer types. Click on each report below to explore the details of each.
Action points for retailers
In the region’s dynamic and transforming retail environment, there is a paradox in growing consumer spend and people’s distrust in certain businesses. Middle Eastern consumers, known for their digital savviness and strong preference for technology-enhanced shopping experiences, demand more from retailers and consumer companies. They prioritise data protection, value transparency, and seek personalised and sustainable products. To succeed in this competitive market, retailers must address these needs comprehensively. Companies must know how to build and retain trust. They can strengthen the confidence consumers have in them by executing four key imperatives.
- 1- Prioritise data protection and transparency
- 2- Enhance e-commerce and mobile shopping experiences
- 3- Emphasise sustainability in product offerings
- 4- Leverage social media for brand engagement
1- Prioritise data protection and transparency
Retailers should invest in advanced data security technologies and regularly update consumers on data protection practices. Transparent communication about data usage and providing options for consumers to control their data will help build trust and loyalty among consumers.
They must also address generational differences when it comes to trust and technology use. They can tailor marketing and communication strategies to different age groups. For older consumers, retailers can emphasise data security, while for younger consumers, focus on innovation and convenience.
It is critical to invest in AI-driven customer service solutions that are capable of solving complex problems and providing swift responses. Ensure chatbots are user-friendly and can seamlessly transition to human agents when necessary.
Despite the significant impact of AI, retailers must ensure all safety measures are in place to maintain trust. Retailers can invest in robust cybersecurity practices to build trust and alleviate digital security concerns, such as spam and phishing.
By implementing these strategies, retailers can effectively meet the evolving needs of Middle Eastern consumers, driving growth and fostering loyalty in a competitive market.
Contact us
Norma Taki
Roy Hintze
Imad Matar
Maye Ayoub
Contributors
Razan Sawalha
Consumer Markets Marketing Manager
Email: razan.sawalha@pwc.com
Esha Nag
Lead Editor and Writer - Thought leadership, insights and reports
Email: esha.nag@pwc.com
Bana Al-Majali
Consumer Markets Marketing Associate
Email: bana.aljbour.almajali@pwc.com
