/ resources
January 7, 2025
Guest Writer, Bizrate Insights
To support quality local brands or opt for the convenience of global retail giants — what gives one option an edge over the other? In a recent Bizrate Insights survey, we looked closely at consumer preferences, including the barriers and motivations driving them to shop locally or go global. Here’s what we found.
Local brands have an edge when it comes to consumer trust and perceived product quality. According to our survey of 515 U.S. customers:
Earning customer trust can be hard. Shoppers often feel a stronger connection to local brands, and the fact that local businesses already have a reputation for quality and authenticity is a win for them.
We also found that local brands’ emotional connection with their communities is critical to their success. Our survey showed 65% of consumers are motivated to buy from local brands to support the local economy.
But at the same time, shoppers are often torn between their desire to support local businesses and their sensitivity to price.
While consumers value local brands, many remain price-conscious and can be swayed by the convenience and variety offered by global or national retailers. Our survey showed:
National and global retailers can tap into resources unavailable to smaller local brands, enticing shoppers with lower prices and easy access to a wide variety of goods. This makes them a practical choice for consumers who prioritize affordability and ease over quality and community support.
Local and global brands have distinct strengths they can leverage to win consumer loyalty — it’s all about addressing key customer concerns.
Ever thought of turning your competition into a mutually beneficial partnership? Global brands collaborating with smaller local businesses can bring customers the best of both worlds — the quality and community support that comes from shopping small, and the competitive pricing and convenience of large-scale retailers.
But the customers won’t be the only ones who benefit. Local brands win by leveraging the widespread distribution of bigger retailers, putting their exclusive local products on the shelves of national stores. Meanwhile, big brands win customer trust and authenticity points by highlighting and providing access to local products. You could even go one step further by offering co-branded products or services that strengthen a connection with shoppers.
Ultimately, consumer loyalty comes down to what matters most to each shopper — price, quality, trust, or convenience. For ecommerce businesses, big or small, the key is to lean into your strengths while addressing concerns that might push customers toward your competitors. Sometimes, this may mean teaming up to combine the local trust and quality of smaller brands with the reach and efficiency of larger retailers.
To learn more about these latest consumer trends, download our Shopper Insights Brief or schedule a demo with Bizrate Insights today to learn how we can help you fine-tune your strategy and boost customer loyalty.
For a PDF downloadable version of this report: Download Now Moving Customers from Attitude to Action According to Bloomberg Businessweek,...