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SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. PHYGITAL RETAIL Merging Online and In Store Customer Experience.

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Presentation on theme: "SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. PHYGITAL RETAIL Merging Online and In Store Customer Experience."— Presentation transcript:

1 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. PHYGITAL RETAIL Merging Online and In Store Customer Experience

2 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Presenters SUNIL BAJAJ KAMAL CHANDRAMOHAN Practice Head – Mobility Email: kamal.chandramohan@aspiresys.com Director & Unit Head Retail & CPG Practice Email: sunil.bajaj@aspiresys.com

3 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. In case if you do not receive answers to your question today, you will certainly receive answers via email shortly Thanks for your participation and enjoy the session If you have any questions, please type them in the question tab located at the bottom We will provide answers during the Q&A session towards the end of the webinar

4 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. The Digital Retail Journey Current Omnichannel Experience & Challenges Trends shaping tomorrow’s Retail One Solution to help achieve Phygital Goals Agenda

5 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. The Digital Retail Journey Multi ChannelOmnichannel What is the future? Physical StoreDigital / eCOM Brick & Mortar stores | Cash and Carry Evolution of eCOM and mobile channels Customers shopping at different channels – Brand Consistency Focus from brand to customer – Consistent and convenient CX

6 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Today’s Omnichannel Experience MarketingCXPayments  SEO  SEA  Behavioral Targeting  Convenience – Click and Pick, Click and return, Store inventory visibility, Same day delivery  Consistency – Pricing, Policies, Brand positioning  Apple Pay  Google Wallet  PayPal

7 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. 2.5% of Lowes Sales, $1.4 billion came from Online of which 60% are click and Pick, 30% are shipped from store to Customer As of 2015, 46 % of Argos’s sales are made over the Internet, and 34% of the retailer’s sales come from the Check & Reserve system. Click-and-collect now accounts for 45% of all John Lewis’s, a Department store in UK, online orders. Results Only 36,000 SKUs are available in an average LOWEs store where as their online assortment runs into 100s of thousands. Shoppers who take advantage of the full Omni channel network tend to spend three times as much as people who are still using single channels for purchase 01 02 03 04 05

8 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Right inventory visibility across channels…easier said than done Order visibility – OMS implementations are long complex investments Consistency in customer experience – UI to Associate training to pricing Yes there are… But this is a natural maturity cycle…some are more mature than others Are there Challenges?

9 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Is that it in retail journey? What are the next opportunities? What is lacking in this Omnichannel model? CX Opportunities KPIs / Metrics for mutual / store impact is not well understood Technology Opportunities Store experience is not enhanced much Online and store journeys are independent – activity based jumping from one activity to other Digital and store marketing are not linked Store manager incentives for encouraging customers for online / digital channels are not aligned Mobile in customers hand when in-store Mobile in associate’s hand IoT – Indoor Location knowledge, digital signage, virtual try-ons and mirrors Big data – easy insights at low(er) cost CX Opportunities For us the question is different!

10 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Brick & Mortar stores | Cash and Carry Evolution of eCOM and mobile channels Customers shopping at different channels – Brand Consistency Focus from brand to customer – Consistent and convenient CX Multi ChannelOmnichannel Phygital RetailPhysical StoreDigital / eCOM The Digital Retail Journey

11 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. What is it? Phygital Retail– Convergence of a consumers physical and digital world. Phygital is Omnichannel 2.0

12 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Empowered Employees: Customer insights and real time decision making Personalization: Right marketing at the right location at the right time Self Service: Break queues, guided layout, virtual add-ons Seamless movement between online and store : Instore CX via customer app Four Trends that will shape tomorrow’s retail

13 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. “The big thing is not to think of mobile as just shopping on the go. Mobile is a tool for in-store.” Mobile is kind of seamless glue that bridges Physical and Digital You are Consistent now you need to move across Channels seamlessly. of smartphone shoppers use their devices while in a store 84% 1. In Store Customer Engagement via Customer App

14 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. 1. In Store Customer Engagement via Customer App…cont. Physical Commerce Online Commerce Physical Store Shopping is a continuation of the online Shopping Move wish lists and cart to store Take the store interest out of store – size not available?

15 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc.  Personalized Product Recommendations  Personalized Promotions Every Customer is Unique  Location Based  Retailer knows you better 2. Personalization – Be more relevant

16 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc.  Customers already use Smartphone while shopping, Retailers should follow  Customers do price comparison, share pictures with friends and family, pay using Digital Wallets.  Locate products in stores  Customers do not get the right help from the store associate “at the time of their need” – can your app do better?  Why stand in queue when you can pay by mobile? 1in3 shoppers use their smartphones to find information instead of asking store employees… CAN YOUR APP DO BETTER HELP? 3. Self Service

17 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc.  Better Customer Insights  Better Product Insights  Easy Checkouts  Past transactions, feedbacks Store Associates are to be Empowered 4. Empowered Employees

18 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Is there One Solution that can help achieve Phygital Goals?

19 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Aspire presents…PRIOS

20 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Bringing LATEST TECHNOLOGIES together

21 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Meet us at Shop.org Dallas, Texas 26 th - 28 th Sept Booth: # 3095 For info contact: sunil.bajaj@aspiresys.com or kamal.chandramohan@aspiresys.com

22 SINGAPORE | US | UK | BENELUX | ME | IND ©1996-2016 Aspire Systems, Inc. Q & A


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