Before the inception of the COVID-19 pandemic, wellness was rarely a concern of business owners. With the exception of a few, a vast majority of businesses were focusing on launching new products and adhering to conventional strategies. But as the pandemic outbroke, wellness became the foremost concern of everyone – from consumers and employees to business owners.
It taught us the hard lesson that no matter what, wellness is something that can not be ignored – at any cost. The ancient saying “health is the greatest wealth” became the motto of businesses. At corporate levels, business owners and employees became more conscious of their well-being. Likewise, consumers also started making their well-being a foremost priority.
Thus, companies have not become more conscious of the health of their employees and consumers. Today, if a business does not have wellness initiatives, the company is behind in the race of competition. Not only do their employees quit working with them, but their sales and revenues fall exponentially.
Here are some of the ‘novel’ industry trends that are revolutionizing brands for good:
A Brand With No Purpose is Bound to Succumb
The number one driving force that is aligning businesses with individual well-being is the purpose of the business. Today, no business can survive for long if it is not driven by an underlying purpose.
Thus, if you look back a few years, you will come to the conclusion that setting well-being (and beauty) as an objective was a rarity. But today, the market demands that every business should be driven by the purpose of being more cautious of individual’s well-being.
Notice, that this health consciousness can be either for employees, consumers, or the common masses. Thus, this trend is revolutionizing the market.
Authenticity is the Hallmark of All Thriving Businesses – And it Will Remain So
Today, beauty brands have come to the conclusion that in authenticity lies success. This means that beauty brands do not wear multiple hats. Instead, they listen to the demands of their customers and develop an authentic identity in the market.
If you dive deep and figure out the secret of the success of leading fashion brands, you will get to know that they are authentic by the core. They do not merely prioritize well-being. Instead, they merge it with the core objective of their business.
Take Gucci, the leading fashion brand, as an example here. The company is driven by the objective of making fashion accessible to everyone. And its wellness initiatives are on par with its purpose. As a result, the company has succeeded in making a brand identity in the market. No wonder Gucci generates millions of dollars in revenue every year. And the same is true for Louis Vuitton and other fashion brands.
So, the COVID-19 pandemic has taught all business owners a hard lesson: Well-being should always be the top priority of every business. And if a brand fails to do so, it is bound to succumb.
The post Wellness, Health & Beauty Should Be The Top Priorities Of Every Brand In 2023 – Here Is Why appeared first on Life Indigo.