Funeral rituals have significantly changed over the past decades, and they continue to adapt to reflect the values, beliefs and aspirations of the deceased and family. Deloitte 2021 Global Marketing Trends Report: Trust is something that the funeral profession has always struggled with. It can also save families on the costs they have. Read More: 9 Ways Your Funeral Home Can Support Grieving Families During A Time of Isolation. There are more choices available to consumers than ever before. Crakn’s 2021 trends report says it best with their prediction: “Aftercare has to be a key focus as we move into 2021. As a funeral professional, this probably isn’t news to you. The focus is often on the economics of the industry, but how it is structured is also changing. Click to learn more about the latest industry developments. In the wake of a pandemic a need was born. Click to learn more about the latest industry developments. It is a careful balance which must be achieved, but when it happens, the industries and the families they serve can come away feeling satisfied. Our take on it: In light of the already growing ecommerce trend, came an even larger growth spurt for the online world last year. We gathered some insights from experts in the funeral profession as well as other fields to give you a roundup of trends to inspire the way you do business in 2021. Customer Experience: The Best Opportunity at Your Funeral Home in 2019 (Infographic), Trust is paramount in 2021, according to the. The funeral home industry has seen record revenues in recent years and is projected to exceed an annual revenue of $14B in 2017. Low-cost casket options, urns, and other materials will continue to compete with the items provided by the funeral industry for families with limited economic resources. The Funeral Home Industry: Emerging Trends & Tips to Sustain Success. Among all JCG firms in 2016, those choosing cremation was 54.7% and burial was 42.2%. If not, it may be time to consider a new solution that does. A biodegradable shroud may only cost $40 or a biodegradable casket just $300. They act as retailers for burial and memorial products, prepare bodies for cremation or burial, provide space for memorial services, and coordinate various other aspects of the cremation or burial process, depending on the wishes of the family or the deceased. Funeral Service Trends The needs and expectations of our families are changing and we've responded with funeral service options tailored to these new expectations. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 37 Funeral Industry Statistics and Trends, 26 Mortuary Industry Statistics and Trends, 16 Orthotics Industry Statistics and Trends, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. How To Help Your Families Celebrate Life During the COVID-19 Crisis, With mental health already at a national all time low, the need for continued support from death care workers is more prevalent than ever before. Does your funeral ecommerce solution put customer service front and center? We need to find new and innovative ways to connect with families virtually. There are 21,080 funeral homes in the United States that employ approximately 105,668 individuals. The funeral industry is changing in many ways. ", 10 Pros and Cons of Email Communication in Business, 7 Ways to Sound Smarter at Networking Events, BMW SWOT Analysis Matrix: Opportunities and Weaknesses, Coca-Cola SWOT Analysis Matrix: Opportunities and Weaknesses, Amazon SWOT Analysis Matrix: Opportunities and Weaknesses, Harley Davidson SWOT Analysis (2021): 27 Strengths and Weaknesses, Airbnb SWOT Analysis (2021): 30 Big Strengths and Weaknesses, Fitbit SWOT Analysis for 2021: 25 Biggest Strengths and Weaknesses, Burger King SWOT Analysis (2021): 21 Big Strengths and Weaknesses, Spotify SWOT Analysis for 2021: 26 Strengths and Weaknesses. Keep an eye out for new services and make sure your funeral home website is up to par for your desired level of service in the online sphere. 1 in 4 people have even pre-paid for their funeral. Now, unless you took a vacation to Mars, things are much different. A biodegradable shroud may only cost $40 or a biodegradable casket just $300. Many households can’t afford to spend $10,000 out of the blue, so households that pre-plan and pre-pay are typically going to be the best revenue generators for the industry. When the latter comes along, the funeral industry will be there to take care of your final needs. Embracing this as an industry can help consumers to plan services that are unique, reflective of the individual, and still bring in a desired level of revenues. Keep an eye out for new services and make sure your. It is estimated that the funeral industry generates up to $11 billion in revenues each year. Read More: 7 Ways Death Traditions Around The World Have Transformed Amidst A Pandemic. Two generations ago, traditional funerals (visitation, funeral service and service at the cemetery) were common. The funeral industry has often been a family business, dominated by men, but that is also changing. The Coronavirus pandemic is putting a spotlight on a problem that already exists. The funeral industry has undergone a shift in recent years that is unlike what many other industries have experienced. If you’re ready to be a leader in 2021, roll your sleeves up and let’s get started: According to to the Forbes article on 2021 business trends: “In 2021, every business leader needs to reflect on what they’re offering customers and how they operate as a business. Funeral Service Trends The needs and expectations of our families are changing and we've responded with funeral service options tailored to these new expectations. What has happened in the economy that I can take advantage of? Read More: Customer Experience: The Best Opportunity at Your Funeral Home in 2019 (Infographic). Funeral Industry Trends, Funeral Home Business The Hispanic community is one of the largest, fastest growing and youngest demographics in the United States. But the FTC says state laws do not demand a vault or liner. Now more than ever, it’s time to embrace the up and coming technologies that can give you an edge in the online sphere. Certain funeral directors, however, do have the reputation of “requiring” families to purchase services that are not mandated by law – such as having an embalming for a wake when the FTC says an embalming is not required unless a body is not buried or cremated within a certain amount of time. This means there will always be a certain market for the funeral industry. Green Burial. That need is community support. There are biodegradable vessels containing ashes and a seed that will grow into a tree. Consumers are also entitled to receive a written price list for all caskets, including any lower-priced models which may not be on display. Now the question to beg is — “How can we streamline our business operations to rely less on physical space, and innovate more in a digital space?” Short term, for now, and potentially long term, too. 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