Key Brand Opportunities for 2024

In a post-COVID world that is being shaped by a bewildering amount of technology, people are craving authentic human connection more than ever before.

The insight, from VML’s highly anticipated ‘The Future 100: 2024’ lays out 100 trends set to shape consumer spending over the next year. The report finds that consumers are in their Slow Living era, known as ‘The Great Deceleration’ slowing down their lifestyles and opting for a mindful approach to the year ahead. As humanity undergoes a paradigm shift with identity at the heart, advances in technology are ushering in a new reality and prompting people to question what it means to be human.

In this new paradigm, the most successful and fastest growing brands are connected brands, as people seek emotional engagement with the brands they buy from. Data collected exclusively for ‘The Future 100: 2024’ reveals 79% of people believe ‘the role of a brand has changed over the past five years’, with the top three roles of brands to ‘make the world a better place’ (40%); ‘improve people’s health and wellbeing’ (38%); and ‘create a more positive and helpful future’ (32%).

As 2024 unfolds, an intentional slowdown shifts the pace for people and businesses after years of rapid acceleration.

Emma Chiu and Marie Stafford

Co-Authors and Global Intelligence Directors at VML

Emma and Marie continued: "Community and connection at scale are essential to 2024, with 67% of people agreeing that community is more important than one individual and 76% believe that technology helps bring people together. With most consumers looking for surprise, mystery, awe, and wonder in their lives, new experiences that engage a wide spectrum of emotions are in demand. A profound and enriching year awaits!”

This year marks the 10^th year of the Future 100. To celebrate this milestone and bring the report to life, VML is set to launch F.L.I.C (Future. Learning. Interactive. Connected.), a fully interactive AI avatar that can answer real-time questions about the report. Using Epic Metahuman, VML created a photo-realistic face for F.L.I.C and chose longstanding technology partner Odyssey to stream this Unreal Engine 5 based-app to users. The proprietary technology, which is exclusive to Odyssey, creates virtual personifications to give a face to AI, and allows clients to access and interact with F.L.I.C directly through their web-browser. F.L.I.C will be live on 6 February 2024 to coincide with live Future 100: 2024 launch events in London and New York.

Naomi Troni, Global Chief Marketing Officer at VML commented: “The Future 100 is one of our most anticipated reports, and this year is no exception. With humans craving ‘passion and togetherness’ – particularly as we see AI becoming more and more mainstream – the time is right for brands to tap into this shift, and use technology to connect with humans on a deeper level as they opt for a more mindful approach for the year ahead.”

The Future 100 covers 10 sectors including Culture, Technology, Travel & Hospitality, Brands & Marketing, Food & Drink, Beauty, Retail, Luxury, Health, and Innovation. Also included for the 10^th anniversary is original consumer data from surveys in nine different countries, and interviews with experts across various fields to give their takes on the past decade and what to look out for in 2024.