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America’s Loyalty
To Brand Colors
Fades in 2020
By J.P. Brousseau New platforms buyers use daily. Brands suing
Purchases farmers for fixing their own equipment,
As I researched information for this moving manufacturing overseas, and even
year’s The Cut, I stumbled across When it comes time to purchase new brands taking political stances have all played
an interesting survey. AGI (Ag equipment, today’s farmers have started their part in this shift in loyalty.
Equipment Intelligence) has been shopping around. It seems that far too often Quality
manufacturers chalk this up to farmers
conducting their annual survey just being curious, or perhaps just trying Matters
with 350+ farmers across 12 states to keep their dealer honest when it comes In the game of sales, price is king, right?
since 2010. During that time the time for that final price. But with more Not so much. In the early 1990s, Americans
survey saw brand loyalty swell to households doing a higher percentage experienced a massive influx of foreign-made
an all-time high of 75% in 2017. But of their shopping online, it makes sense products. These products claimed to be as
those gains were wiped clean when that today’s equipment buyers aren’t only good as or better than the competition,
focused on price. Buyers who continually
only 63% of farmers surveyed in purchase certain brands do so based on and because they often utilized foreign
2020 considered themselves “brand their expectations and the performance labor and materials, they were considerably
less expensive than their American-made
loyal”. This is the same number of that brand’s product over time. They counterparts. It didn’t take long for the age
originally recorded in their 2010 understand that a particular manufacturer of “disposable consumption” to catch on
survey. This immediately made me makes that product, but in the end, it is amongst equipment manufacturers as well.
wonder, what were the main factors the product and not the brand itself that This massive shift in quality took quite a
that created such a steep decline initially generates what’s commonly referred while to recover from, but now this trend is
to as “Brand Loyalty.” In today’s digital
from years past? Most importantly, world, it’s easier than ever for customers dying fast. While consumers are looking to
find a comfortable balance between price and
what has replaced this loyalty to a to research and compare products. They quality, their focus on quality is increasing
particular brand? Like me, you may will inevitably gravitate toward researching as is their patronage to brands with good
be surprised by the answers. the brand as well. This can be problematic reputations for such. Word of mouth
for some manufacturers, as negative press promotion still reigns supreme, but with the
quickly spreads across the myriad of online advent of online reviews, consumers can now
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