Forget FOMO, now everyone is talking about MOMO, mobile ad spending jumps, TV habits
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-The “mystery of missing out,” or MOMO, is supplanting FOMO as the latest social media anxiety, The Observer points out.
-Rising consumer demand in sub-Saharan Africa is “driving hopes that Africa will emerge as a success story … comparable to the rise of the East Asian Tigers in the second half of the 20th century,” reports The New York Times.
-A new study forecasts that, post-recession, technology will continue to polarize the work world, with automation displacing more mid-wage, routine-oriented workers, reports The New York Times.
-In the second quarter, Global Consumer Confidence reached its highest level since 2007, reports Nielsen.
-eMarketer expects mobile ad spending to jump by 83 percent this year, leading both newspaper and radio spending, reports The Wall Street Journal.
–Quartz spotlights charts showing current TV habits based on data from the networks as the Television Critics Association press tour kicked off.
-Many Millennials are still saying no to marriage and are now projected to be the generation with the least number of married people by age 40, via Money.
-Mobile-focused Millennials, dubbed “silent travelers” by travel researcher Skift, are pushing hotel and airline brands to find new ways to reach them, notes MediaPost.
-A new McKinsey report finds global luxury sales growth will concentrate in cities, notably those in emerging markets.
-Some high-end consumers, along with some celebrities and designers, are dissing luxury products, scaling back their purchases and crying ripoff, reports Time.
-A Forbes contributor questions whether sporting events and concerts have become “elitist,” too expensive for average consumers.
-Cereal companies and fast food restaurants are rolling out new marketing initiatives and products as consumers’ breakfast habits change, reports The Wall Street Journal.
–The New York Times examines the state of food safety in China as more brands stumble.
-Kale has become so popular that there’s now a worldwide shortage, reports the Mail Online.
-Visits to restaurants have reached a plateau, with no rebound on the horizon, according to The NPD Group, reports Nation’s Restaurant News.
–Quartz looks at the future of Internet music, highlighting the competition between Pandora and Spotify.
-In China, more people now access the Internet from a mobile device than a PC, reports The Next Web.
-Another drop in iPad sales and sluggish overall global tablet sales have The Wall Street Journal questioning whether the viability of tablets. Meanwhile, carriers are stepping up efforts to sign more tablet customers as smartphone adoption slows, per The Wall Street Journal.
-Smart TVs are poised to take over the market, says Business Insider.
-Reducing stress is the latest wellness-at-work trend as managers look to create better work environments, reports Fortune.
-Robot caregivers may offer much-needed help for older adults and people with disabilities, suggests a geriatrics professor in The New York Times.
–Communicate examines the rise of Mipsterz, a new cohort of Muslim consumers who are remixing tradition, spotlighting research from JWT.
–Wired reports on the car of the future, suggesting it will have neither a steering wheel nor brakes.
-“Knitted” shoes from Nike and Adidas are not only fueling a marketing war between the two but could reshape the footwear industry, reports CityLab.
–More professionals are ditching briefcases for backpacks, reports Ad Age.
-The DIY smart home market is expected to grow by 43 percent annually through 2019, according to a new study, reports the study author in Forbes.
–The New York Times’ Nick Bilton discusses how the rise of the touch screen is leading to the obsolesce of the pen.
-Golf hasn’t caught on with Millennials, and The Wall Street Journal takes a look at how the retail and sporting ends of the industry are responding.
Image Credit: Huffington Post