Australian consumers are increasingly apprehensive about the impact of the world financial situation on their own economy and personal finances.

The Cricket World Cup (CWC) was held this past spring, and much like the Super Bowl in the U.S., it is a must-do event for global advertisers. In addition to its popularity in England, cricket is popular in many parts of Caribbean, Australia and New Zealand, South Africa, India and Pakistan. It draws sponsors from a range of multinational and local companies, from the auto industry to fast moving consumer goods. And for good reason: it is estimated that 1 billion people in 180 territories tuned in to the tournament …

It is undoubtedly a challenging time for Australia’s grocers. Consumer confidence is down due largely to concerns about the economy and rising food prices and utility bills. As a result, shoppers are tightening their belts and looking for ways to make their dollars go further.

As the advertising recovery gained momentum in the first half of 2010, there were substantial year on year increases in activity particularly among the major spending categories that were most impacted by the advertising cutbacks of 2009; including Motor Vehicles (+14%), Finance (+13%), Real estate (+19%), Communications (+12%) and Insurance (+12.8%).

Australians’ use of mobile phones to access mobile news sites has reached record levels in the wake of the country’s closest ever election result, according to the latest mobile traffic figures from The Nielsen Company.

Sales may increase when a brand is promoted, but is the promotion actually supporting the brand? In Australia, it is estimated that up to 30% of all grocery purchases are made on promotion and trends indicate that this could increase among the key retailers.

Growth in consumers’ use of social media is changing the media landscape across the world. In Asia Pacific it has become increasingly important for advertisers to understand what is driving this change and leverage its growing popularity.

While global consumer confidence continues the slow but steady climb upward from the lows experienced in the first quarter of 2009, consumer spending is following a similar trajectory.

Global consumer confidence edged up slightly as rising Asian markets were offset by Europe’s growing concerns of an escalating debt crisis according to the Nielsen Global Consumer Confidence Index.

Changing immigration, population growth and aging consumers will profoundly impact the Australian retailing market in the next four decades. Opportunities abound for grocery manufacturers and retailers to offer meal solutions that appeal to an Asian palate.