While most of our time at Eventful Conferences is spent nurturing and refining our existing conference portfolio, there’s nothing more exciting than immersing in a completely new space filled with its own set of complexities and challenges. It takes us back to the beginning and puts us on edge, which is exactly where we are right now as we explore how companies in consumer industries harness SAP technologies to deliver superior customer experiences.
Augmented reality can enrich a technology experience while reducing costs, improving ROI, and creating more productive, efficient employees. These are all critical components of the wholesale distribution industry. Augmented reality has the unique ability to allow users to view digital data in real time, providing near-instant access to the answers that a person or company needs. Let’s review how augmented reality has created a significant impact on wholesale distributors that have already implemented this growing and improving technology.
Retailers are currently facing an unprecedented renaissance, with winners and losers being redefined on a near-daily basis. In the last year, we have seen:
– HelloFresh, Blue Apron, and Gousto strike gold in underserved categories
– Amazon and Whole Foods marry the digital and physical world of commerce
– Nike establish itself as the paragon of disrupting traditional segment roles
– J.C. Penney and Sephora re-innovate the value of expanded store partnerships
While these stories are markedly different from one another, there are a few common elements in each:
Successful customer loyalty programs can seem like an impossible dream for a retailer, but their potential for repeat business makes them well worth pursuing — if done properly. Store credit cards, for example, might appear to be a good place to start, as 40 percent of shoppers who have one indicate that they’re more likely to return.
Branded store credit cards can be a good way for retailers to encourage repeat business, but they’re not be ideal for earning customer loyalty.
The attention span of today’s consumer is famously fleeting and difficult to capture. Consumers have little time or patience for digital banner ads or 30-second commercials. Rather than using advertising to interrupt consumers, companies are turning to “in-moments” to target consumers when they are ready to take action.
In-moment marketing is proving to be a gold mine for retailers. Marketing is all about delivering the right message to the right person at the right moment. In-moment marketing does just this: delivering critical information at the exact moment a consumer is poised to make a spending decision.
As companies become more consumer-centric, they are investing in new and creative consumer engagement methods. In this article, I’ll explore how consumer goods companies are redefining business models based on direct consumer interaction in favor of holistic engagement that will foster ongoing, meaningful relationships.