Here Are The Trends That Will Define 2018, According To Gen.T Listers (Part 2)
Generation T listers predict the developments that’ll affect their industries over the next 12 months
"In 2018, we’ll see a drastic shift towards more plant-forward offerings and plant-protein, especially those derived from non-gmo, soy-free ingredients. Tech companies have jumped on board in the last three years to create meat alternatives that are free of the usual soy, GMO, gluten, processed oils, sugars and other general junk.
With these innovations in place, the restaurant industry will see a rise in demand for meat-free dishes and gauge the need to replace certain meat dishes with readily available plant-protein ingredients, shifting menus away from factory-farmed livestock and dairy worldwide."
"With the government's plan to begin charging for waste disposal [from 2019] and increased awareness surrounding green issues, there will definitely be an increase in action taken towards being more environmentally sustainable—going plastic-free, reducing waste, composting, more demand for transparency in sourcing and so on. It will become something that diners expect, rather than a special feature."
"Expect 2018 to see a continuation of last year’s trends, albeit at a more rapid pace as consumers demand better products and the regulatory background encourages more innovation.
Last year, Hong Kong benefitted from many new consumer-centric fintech product offerings that shook up banking. In 2018, consumers will be faced with even more competitive, non-traditional options for their banking and payment needs, and the traditional incumbents who don't move fast and put the customer first will lose out quickly as consumers vote with their feet and switch providers."
"I believe the big drivers for fintech in 2018 will be a continued de-bundling of financial services—particularly on the consumer side, with new players challenging the banks for niches—and further growth in blockchain technologies (and consequently, a continued focus on tokens and cryptocurrencies). Whether they will continue to grow all the way to the end of 2018 is hard to predict."
5. Environmentalism and sustainability
"In 2018, both organisations and individuals will escalate their sustainable initiatives and environmental efforts. We will see a collective commitment to future generations by taking better care of our land and our resources and putting people before profit."
6. Environmentalism and sustainability
"I think the world will become increasingly vegetarian and vegan as societies become more aware of the environmental and ethical issues that surround modern agriculture. There will be a lot of growth in innovative companies that are working on tasty and nutritious alternatives to meat and dairy products."
"Historically, the movement of art has been demonstrated through schools of thought or style—and technology may be the next influence on more traditional creative expression. I believe that installation works and broad-based exhibitions where artists are creating in different mediums reflecting a central theme, as per my recent Ascendence exhibition, will continue to flourish."
"With rising interest rates and geopolitical conflicts in North Korea and the Middle East, I would remain cautious in my investments in 2018. I expect One Belt One Road to be a hot topic as China becomes increasingly influential in the region and we continue to see strong economic growth in Southeast Asia."
"The retail industry will keep moving towards online sales in 2018 as it continues to gain acceptance from customers due to its convenience.
We’re seeing lots of innovation from different companies to make it easier for customers to buy from them. One thing we think will be big is sales through live-streams, where customers can see the store’s products live and buy them instantly during the stream from anywhere in the world. I think the interactive nature of these live-streams will create a much better customer experience."
"With augmented reality (AR) technology becoming more mature, we should see digital experiences seamlessly weaved into the physical environment much more frequently.
In 2018, I look forward to seeing more ground-breaking public space designs in Hong Kong—designs that are more interactive and engaging. We will see more creative design of interactive public furniture, avant-garde pavilions and experimental art installations."
For more 2018 trend predictions from Generation T listers, see part one.