New age consumers are tech-savvy, prefer omnichannel experiences, and expect a whole new level of customer service.
The saying, ‘the customer is king,’ has been around since the start of the retail industry in the 20th century. But it’s never been more relevant today. In the wake of the COVID-19 pandemic, we are finding ourselves in a new digitised landscape.
As brick-and-mortar shops closed and customers moved online, they quickly grew accustomed to:
Convenient delivery options
24/7 customer service
Now, new age consumers expect to engage with businesses on their own terms, schedule, and preferred platform. So how can businesses adapt to the behaviour and expectations of the new shopper?
By connecting with your customers in a whole new way with Sales Cloud, Service Cloud, Marketing Cloud, Analytics Cloud, and more! Watch the Salesforce Overview Demo.
For those that are still unsure, let’s take a trip into the mind of customer 2.0! Now, businesses can lay the groundwork for a bright future in an increasingly connected world.
Global lockdowns have expedited the implementation of long-term digitisation projects for businesses worldwide. In a time of social distancing, today’s shopping experience is more touchpoint than high street.
Ecommerce grew by 71% in Q2 of 2020. And while that number may not be completely sustainable, many of the customers that shifted to digital channels during lockdown are there to stay. Retailers that are waiting for the old normal to return will have difficulty keeping up with their competitors. New age consumers have already moved on to new, digital shopping methods.
The majority of today’s shoppers choose to buy from retailers, brands, and online marketplaces. There are different strengths and purposes in each.
So how will the brick-and-mortar store fit into the new landscape? Physical stores were still the preferred place to pick up a new product before COVID-19 hit. And they still offer a very positive consumer experience.
For instance, brick-and-mortar stores allow consumers to:
Evaluate a potential purchase
Engage with in-store demos
Participate in launch parties and workshops
Brick-and-mortar stores offer in-person benefits that the digital realm lacks. However, in-person retail stores can struggle to turn an initial customer purchase into repeat business. Their best bet for building long-term customer loyalty occurs at the first contact point.
Online retailers don't face the same obstacles as brick-and-mortar shops. Since repeat buyers are already familiar with the product, they usually turn to online marketplaces to find the best prices and most convenient fulfilment options.
A shopper’s age can impact their consumer behaviour. For instance, Gen Zers are much more likely to use influencers to discover and evaluate new products.
Gen Z consumers are also the most likely to utilise shopping apps and social media channels when browsing or making a purchase. And Millennials tend to use chatbots and instant messaging.
Both Millennials and Gen Zers share an enthusiasm for mobile wallets. This showcases the fact that flexible and agile payment systems will only become more popular.
Want to run your business from your phone? Check out a short Mobile App Demo to see if it’s the right first for you!
Creating an omnichannel experience that connects all channels is a priority for today’s retailers. Here are 4 ways that retailers can adapt to the challenges of the current landscape:
No one knows what exactly tomorrow holds for retail, but we do know one thing; retail is changing. The future of shopping may look different, but there’s clearly a future.
Now’s the time for retailers to become more customer-centric, implement new technologies and strategies, and reimagine their business to fit in with a changing landscape.
To see more about how retailers can thrive in the current climate, check The New Retail Playbook.