archetype strategy for consumer packaged goods companies
DESCRIPTION
Sander van ‘t Noordende, Group Chief Executive – Accenture, recently presented at the Consumer Goods Forum, Paris. A market archetypes approach enables CPG companies to balance global best practices with a tailored approach to local markets – being super global / super local in order to drive profitable growth. For more information view us on http://www.accenture.com/ConsumerGoodsTRANSCRIPT
Archetypes:
Winning in a Geographically
Diverse and Digital World Sander van ‘t Noordende
Consumer Goods Forum Summit 2014
Main challenge is to truly connect with the consumer
Source: Euromonitor International, Mintel, Nielsen, Accenture Research
Serve new consumers
Either through direct engagement, complex indirect channels or digital and physical retail channels
Need to do all with a high degree of efficiency and global scale
2 Copyright © 2014 Accenture All rights reserved.
3
CPG companies need to evolve their operating model
Copyright © 2014 Accenture All rights reserved.
Enable a Super Global / Super Local approach, and eventually help you move
to a Consumer Centric Network
Business & Operating Model
Scale
Reach
Profit
Leverage
Autonomous
Market of One
Local Regional Global Super Global/
Super Local
Consumer Centric
Network
Increase
Profitability Double Size
of Business
Improve Margins
Through Cost
Reduction
4
Archetypes can play an important role
Copyright © 2014 Accenture All rights reserved.
Archetype ahr-ki-tahyp – noun
A pattern or model from which all
other things of the same kind are
copied or on which they are based.
5
Markets have different commercial characteristics
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Market Customers Route to Market
Economic Distribution Digital Channel Sales Orders Sales Calls
Margin
Share
Growth
Fragmented Retail
Organised HORECA
Direct
Indirect
Telesales
Key Accounts
Distributors
Basic
Progressive
Advanced
Fragmented HORECA
Organised Retail
Sales Force
Web Distributors
Sales Force
Distributors
3rd Party
Telesales
3rd Party
Organized
6
Archetypes are clusters of markets with similar characteristics
Copyright © 2014 Accenture All rights reserved.
Fragmented emerging Developing
A Fit-for-purpose and agile way to increase efficiency, accuracy and speed in execution.
7
Archetypes can be used as an organizational construct
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Developing
Market archetypes can be at country or city level – Mega cities can be an archetype per se
Fragmented Organized
Super Digital
City
8
The consumer is changing
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79% of prospective buyers would get frustrated when companies do not deliver
what they promise
89% of consumers use at least one online channel to
learn about products & services
87% will buy the same amount and 51% more from
the companies in at least one industry they currently
do business with
64% of switchers due to poor service are driven by price
66% of consumers have switched due to poor service
82% could have been prevented from switching if the company
had done something
32% are very satisfied with their providers, yet
only 23% feel loyal
59% of consumers believe online channels
offer convenience and speed
Discover
Consider
Purchase
Use
Expectation Reality
Promise Delivery
Evaluate
For more 2013 Global Consumer Pulse Research findings see external microsite
Over 50
9
Consumer archetypes are found around the world
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Super-premium Health-conscious
Tailor products and offers to consumer archetypes to increase engagement, relevance and loyalty.
10
The consumer experience needs to be personal and seamless
Copyright © 2014 Accenture All rights reserved.
Design consumer experience journeys by consumer archetype (aka “Persona”) to tailor messages
and interactions and deliver seamless omnichannel experiences.
Marketing
R&D
Media system
& consumer
engagement
Social
11
Digital is critical
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B2C – B2B2C
Direct to
Consumer and
eCommerce
B2B
Channel
Visibility and
Integration
B2T
Vending, Home
and Horeca
Equipments
Omnichannel
capabilities
Technical
Capabilities
Cloud
Analytics
Mobile
Collaboration Internet of
Things
12
Where from here?
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Use digital to enable
change at speed through
fit-for-purpose capabilities
Organize R&D, marketing
and media by consumer
archetypes
Focus sales & distribution
capabilities on market
archetypes
Embark on an
archetypes strategy