Consumers around the world breathed a collective sigh of relief when the first decade of the 21st century passed into history on January 1, 2010. A decade characterized with bubbles popping, political, corporate, sports star scandals, terrorism becoming part of the daily news cycle, and international turmoil concluded with the worst financial crisis since the Great Depression. Consumers have every reason to be exhausted and even a bit skeptical.
Whilst Asia did not escape the financial turmoil and economic downturn, it has recovered faster than the West. Although there is a danger of going back to the unthinking consumption patterns of pre-crisis, there is evidence to suggest that Asian consumers are starting to place more value on quality of life and the environment when assessing their purchase decisions.
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