Journal
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
Volume 173, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.techfore.2021.121179
Keywords
COVID-19; Consumer behavior; Literature review; Technology; Panic buying; Disruptive events
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The COVID-19 crisis has significantly impacted consumer behavior, with measures adopted by governments, technology, and revised marketing strategies playing crucial roles. Systematic research helps to understand consumer behavior patterns and psychological characteristics more clearly.
The COVID-19 crisis is among the most disruptive events in recent decades. Its profound consequences have garnered the interest of many studies in various disciplines, including consumer behavior, thereby warranting an effort to review and systematize the literature. Thus, this study systematizes the knowledge generated by 70 COVID-19 and consumer behavior studies in the Scopus database. It employs descriptive analysis, highlighting the importance of using quantitative methods and China and the US as research settings. Co-occurrence analysis further identified various thematic clusters among the studies. The input-process-output consumer behavior model guided the systematic review, covering several psychological characteristics and consumer behaviors. Accordingly, measures adopted by governments, technology, and social media stand out as external factors. However, revised marketing strategies have been oriented toward counteracting various consumer risks. Hence, given that technological and digital formats mark consumer behavior, firms must incorporate digital trans-formations in their process.
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