VI Releases Report on Megatrends That Will Impact the Vinyl Industry in the Coming Decade

WASHINGTON, DC, Nov 18, 2021 – The Vinyl Institute (VI) released its Megatrends Report at its annual industry conference, which identified 10 trends that can impact the vinyl industry in the next 10 years.  The report identified megatrends as powerful, transformative forces that will impact the global vinyl industry.

The 10 Megatrends identified by the Vinyl Institue include, in alphabetical order:

• Climate Change
• Data analytics and digital connectivity,
• Decentralized financing
• Globalization
• Health and wellness
• Populations shift
• Resource constraints
• Social responsibility
• Transparency
• Workforce resilience

According to a VI-member survey fielded earlier this year, members ranked the top trends that could have the most impact with climate change, resource constraints, and social responsibility as the top three.

During the VI’s annual Vinyl360 conference last week, Ned Monroe, VI’s president and CEO, hosted panel discussions that explored several topics including globalization, decentralized financing, and transparency. Audience members agreed that many of the trends were interconnected and provided both opportunities and threats to the industry.

“In a year of dealing with short-term problems like supply chain disruptions, it is critical to also look toward the horizon. Our Megatrends Report is a compilation of what we are anticipating for the industry in the next 10 years,” said Ned Monroe, president and CEO of the Vinyl Institute. “It identifies opportunities for members of the vinyl value chain to collaborate on solutions that can advance our industry and address potential threats.”

The Vinyl Institute’s Megatrends report can be viewed here.

The report was created by in-depth interviews, research, and surveys of the association’s members and leading authorities.