Sixty-six percent of global consumers now feel closer to their own culture, up 5% from 1999. “Closeness” to local culture rose the most in Venezuela (84%), Turkey (78%), Indonesia (73%), Australia (70%) and Japan (52%). Additionally, in measuring the market strength (familiarity, likeability, usage) of nearly 40 leading brands from across the globe, the study found only one U.S. brand improving its rating this year versus nine non-American brands.
While corporate misconduct is not unique to the U.S., a significant number of high-profile scandals have recently put America in the spotlight. In fact, in ranking the trust-level of leading companies worldwide, the study found American organizations dominated the bottom of the list.