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Online shopping habits of Australian consumers

  • Written by: Lillian Zrim, Associate Director for Nielsen
INFORMATION IS CRUCIAL FOR ONLINE AUSTRALIAN SHOPPERS

Australian shoppers are seeking more information about the products and services they are buying online and are increasingly price savvy. Fortunately, the age of online shopping is well and truly alive and providing a plethora of opportunities to educate, engage and inform the shopper throughout the purchase journey. 

The 18th edition of Nielsen’s annual Australian Connected Consumers Report found nearly all online Australians have used the Internet to do some form of purchasing activity; and around one-in-four purchase items online at least weekly.

Looking at purchasing trends by category, it is evident there are some major shifts in the Australian online retailing landscape. For the first time, consumers are purchasing more clothing, shoes and accessories online than travel related purchases. Entertainment purchases such as concert, movie and event tickets as well as food and grocery (excluding fast food) also experienced growth.


 

TIME OF DAY SHOPPING NOT THE SAME FOR ALL

Despite the growing trend of consumers trying their hand at shopping across more categories online, this has not affected any changes in the time people are logging on. Online shopping in general occurs throughout the day, with a major peak in the evenings between 6pm and 10pm and a smaller peak at the start of the work day – a pattern that has been consistent over the past few years.
 

However, while most online shopping occurs in the hours between 6pm and 10pm, the important 60+ age group is the opposite, with the majority of online shopping occurring between 9am and 12pm. This age band is also far more likely than any other to purchase wine online (26%). Retailers and manufacturers need to be equipped to understand the differing demographics accessing their products and sites so as to engage the right person with the right message at the right time.




MOBILE DEVICES ARE A KEY TOOL IN ALL STAGES OF SHOPPING

Although the traditional PC still prevails as the key device used for online shopping, it is in sharp decline as mobile usage increases. Use of mobile devices to research products while in-store is also a popular activity to aid in decision making; over half the online population research and compare prices in-store at least sometimes before making a purchase. Huge opportunities exist for retailers and brands that can develop online sales processes and marketing campaigns that are more conducive to mobile devices.
 

AT THE CHECK OUT, IT’S TAP, PAY AND GO!

Two-thirds of online Australians use a form of contactless payment (PayWave or PayPass) with a credit or debit card in shops; an increase of six percentage points vs. 2014. Regular usage of this form of payment has also increased three points to 33% compared to last year, indicating further entrenchment of this convenient payment function. The wider adoption of contactless payments may pave the way for the mobile wallet, (i.e. ‘tapping’ your mobile phone for payments) however security issues are still a concern for half of online Australians regarding this method.


 

THE MORE DETAIL THE BETTER FOR THE FOOD AND GROCERY CATEGORY

Online food and grocery experienced a significant jump in consumer engagement, with almost one-quarter (24%) of online shoppers making a purchase in this category in the past six months (up from 16% in 2014). This was largely driven by steep increases in purchases by males and those aged under 45.
 

More than seven in ten online grocery shoppers say price is most important followed by product details (such as ingredients and nutritional information which is closely investigated by just over half who purchase online.  In fact, there is a growing interest particularly among younger consumers for specific product details and nutritional information highlighting the need for retailers and manufacturers to be very explicit and transparent with their product information online.


 

Adding to the fact that consumers are seeking out more detail about the product and services they are buying online; there is an increasing trend of online Australians seeking out products and information direct from the source. When researching food and groceries, the number of consumers going directly to the retailer’s online destination is still dominant but in decline, whereas visiting the manufacturer’s site or app grew by 11% to a total of 40%.



The continued growth of connected commerce is inevitable and the shopper journey of the Australian connected consumer is becoming more complex and fluid. We are incorporating digital touchpoints along the entire process; from reviewing products online at home, to using smartphones as personal shopping assistants in the store. Nearly six-in-10 consumers will look at an item in-store, but ultimately buy it online instead.
 

With consumers easily shifting between online and offline retail channels and demanding an abundance of information at hand, retailers and manufacturers must understand individuals’ behaviours and provide easily accessible product information and compelling offers in both environments.

Compumedics Brain Imaging Deal Opens Access to $4B Market

  • Written by: Tim Fogarty
Commonwealth Trade Minister Hon. Andrew Robb and Minister for Health, Sussan Ley congratulates Dr David Burton (Compumedics Chairman/CEO) on new major strategic MEG Brain Imaging deal at USA trade mission (San Francisco; 18Feb16)
Commonwealth Trade Minister Hon. Andrew Robb and Minister for Health, Sussan Ley congratulates Dr David Burton (Compumedics Chairman/CEO) on new major strategic MEG Brain Imaging deal at USA trade mission (San Francisco; 18Feb16)



Compumedics Limited (ASX: CMP)
is pleased to announce a licence and technology transfer deal with the prestigious KRISS Institute, that will enable the release of Compumedics new MEG Brain Imaging Systems.  The execution of this deal achieves a key initial milestone in our strategy to transition the Compumedics/Neuroscan business from a technology leader in the $50m specialist brain research market to the much larger $4b multi-modal brain imaging market. The global MEG market at currently at US$270M PA and expected to grow to $350M by 2020. 

 

The new MEG system will represent the first of its kind, it is fully integrated, brain imaging system with superior brain function sensitivity, applicable to diagnosis and management of some of the most prevalent and debilitating neurological disorders including Alzheimer's, Epilepsy, Parkinson's, Autism and other neuro-functional disorders.  Strengthening market demand is underpinned by an increasing aged population and longer life expectancy, coupled with growing prevalence and awareness of neurological disorders, particularly in the Asia Pacific regions.

 

The Next Generation Compumedics/Neuroscan MEG system provides 50% greater spatial resolution and sensitivity than the traditional market leader and at least 4-5 orders of magnitude the temporal resolution (speed of brain functional or cognitive measures) of traditional functional MRI, PET or other structural brain imaging systems. These capabilities can ultimately enable earlier diagnosis, treatment and management of widespread neurological disorders including dementia disorders such as Alzheimer’s, Parkinson’s, epilepsy and autism.  Thus it improves patient outcomes and importantly also reduces healthcare costs.             

 

Compumedics/Neuroscan is the established "gold-standard" in neuro-functional electroencephalography (EEG; scalp recorded electrical brain waves) and the new licensing and technology transfer deal with KRISS, combines the best of class MEG and best of class multi-modality brain source localisation analytics, in order to produce the first of its kind fully integrated multi-modality MEG-EEG Brain imaging system.

 

This is an important announcement for Compumedics/Neuroscan, which has become the leading supplier of premier sleep and neuro-diagnostic systems to China and Asia Pacific, the region of greatest demand and growth for these systems.  In particular, Compumedics/Neuroscan has a unique opportunity to supply the China market, at a time when China is focused on substantially improving and expanding its healthcare infrastructure base.  Moreover, China is renowned for choosing the best of class technology, such as the new generation Compumedics/Neuroscan MEG brain imaging systems, versus traditional imaging systems. 


About Compumedics Limited

Compumedics Limited (ASX: CMP) is a medical device company involved in the development, manufacture and commercialisation of diagnostics technology for the sleep, brain and ultrasonic blood-flow monitoring applications. The Company owns US based Neuroscan and Germany based DWL Elektronishe GmbH. In conjunction with these two subsidiaries, Compumedics has a broad international reach, including Americas; Australia and Asia Pacific; and Europe and the Middle East.

 

Executive Chairman, Dr David Burton, founded Compumedics in 1987. In the same year the Company successfully designed and installed the first Australian, fully computerised Sleep Clinic at Epworth Hospital in Melbourne. Following this early success, Compumedics focused on the development of products that sold into the growing international sleep clinic and home monitoring markets. Compumedics listed on the Australian Securities Exchange in 2000. Over the years, Compumedics has received numerous awards and accolades including Australia’s exporter of the year and has been recognised as a Top 100 Innovator by both German and Australian Governments.

 

For further background please visit: www.compumedics.com

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