jill finger gibson: bringing e-commerce into the experience

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Jill Finger Gibson J Boye Philadelphia May 5, 2016 Bringing Your Content and Commerce Together

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Jill Finger Gibson J Boye Philadelphia May 5, 2016

Bringing Your Content and Commerce Together

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Why?  

Customer experience is …

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A customer’s holistic perception of a company and its offerings based on all of the customer’s interactions with the company.

The failure of a single interaction threatens a customer’s entire perception of a brand.

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The interactions are multiplying and increasing in complexity

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Click and collect …

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Free delivery and returns …

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Proliferating payment methods

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The customer journey begins with content.

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The product search begins online

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1%  

2%  

2%  

4%  

14%  

26%  

49%  

0%   10%   20%   30%   40%   50%   60%  

Catalogue/magazine  

Go  to  a  retailer  or  brand's  app  

Go  to  an  online  aucFon  plaGorm  (e.g.  eBay)  

Go  to  a  social  media  site  (e.g.  Facebook)  

Go  to  the  physical  store  

Go  directly  to  a  retailer's  or  brand's  website  

Go  to  a  search  engine  (e.g.  Google)  

Source:  PWC  Total  Retail  V  Survey,  October  2014  

N  =  1011  (US)  

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“InvesFng  in  content  is  key  for  retailers  who  want  to  beat  Amazon…when  consumers  search  for  products.”      -­‐  Senior  Managing  Director,  Accenture    

But the worlds of content and commerce in many ways remain separate.

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Some integration is underway §  Vendor partnerships and M&A §  Service providers expanding competencies

through new hires and acquiring/merging complementary peers

§  Companies being proactive about reaching across divisional boundaries

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A few examples

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Fender Guitars (US)

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§  Had multiple systems (3 ERP, B2B & B2C platforms), manual processes, 250k+ products with over 100 attributes, multiple channels, varying requirements across geographies

§  Installed PIM/MDM solution to provide single repository for product images, information

§  Now rolled out in NA, Europe, Japan

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hap://shop.fender.com/en-­‐US/electric-­‐guitars/stratocaster-­‐feature/  

WeChat (China) §  670mn users, 200n card connected

accounts §  Easy for merchants to set up a branded

WeChat page §  Offers in-app purchases

– Under Armour has leveraged to have store within the app - pulls from .cn site

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Compare this experience….

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… with this one

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“Shoppable” Content

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“Buyable”  pins  in  Pinterest  

Swipe  right  to  purchase  in  Snapchat    

Getting started

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Product information: a content and commerce bridge §  Area where content can really add value §  Brands need help differentiating from

competition: there is the basic description, and there are enhancements

§  Direct-to-consumer trend is making this more important

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Issues to consider §  Integration with BI & analytics platforms §  Integration with legacy systems §  Diversity/complexity of product catalogue §  Affordable scalability §  Personalization §  Mobility

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A few recommendations §  Learn the basics of Commerceland’s language and culture

(or vice versa) §  DON’T start with the technology – start with the customers

and how you want to serve them §  Gather requirements from all stake holders across

divisions. Make sure your view is not just based on your division’s priorities, but those of your overall organization

§  Secure buy-in and sponsorship from a top executive to overcome divisional silos

§  Engage a service provider to fill competency gaps, get outside perspective, provide training

§  Build in milestones for quick wins which will demonstrate value

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Thank you

Jill Finger Gibson | Principal Analyst [email protected] @JillFGibson