Modern technology leads the way in brand recognition
A survey of 10,000 UK consumers finds homegrown brands are losing their relevance.
British consumers have cast their votes on the brands most relevant to their lives and the results reveal we're increasingly reliant on a virtual world - with little room for home-grown companies.
A survey of 10,000 UK consumers for Prophet's annual Brand Relevance Index found that Brits place physical products far behind digital services, with the top spots dominated by Apple, Google and Amazon as well as Whatsapp and Netflix and Spotify.
Despite the country's vote to Brexit, only one homegrown brand appears in the top 10, with historic department store John Lewis ranking number 8 on the relevance radar.
Top 10 most relevant brands:
A push by British banks to re-establish themselves with consumers has not been reflected in consumer perception, with the highest ranking bank in the index, Nationwide, cashing in at a lowly 46th place.
Telecommunications companies such as BT and Vodafone did not make the top 50, while tabloid newspapers The Sun and The Mirror barely scraped into the British list of more than 234 brands across 27 industries.
Cars don't get a look in until Ford makes an appearance in 54th place.
Ian Kirk, Partner at Prophet told ITV News the results are a "wake-up call" for British business.
The index, which measures brand relevance on four factors of "customer obsession, ruthless pragmatism, pervasive innovation, and distinctive inspiration" found that despite their dominance, digital brands are still at risk of sliding down the scale.
Facebook comes in at a relatively low 80 on the list compared to its newer acquisition of Whatsapp, which pops up at an impressive number 7.
The consultancy firm's senior partner Fred Geyer said that firms which are not putting digital first are getting left behind, and the most relevant brands are the ones delivering "simple, intuitive and valuable customer experiences."
Key global findings from 45,000 consumers: