consumer insights & return on experience · building rox metrics reinforces a virtuous circle...
TRANSCRIPT
Consumer insights & return on experience
2019 Canadian
consumer insights
survey
PwC
We asked 1,000 Canadian
consumers what was
important to them and this is
what we learned.
2019 Canadian consumer insights
PwC
PwC
The resilience of in-store retail
The reason consumers
prefer in-store versus
online is they prefer to
see and touch products,
and enjoy the experience
of discovery in store.
69% 20%‘likely’Canadians ‘unsure or
not likely’ to purchase
groceries online*
PwC
PwC
Micro-trips are the new norm
“Micro-trips” are in-store trips less than five
minutes long.
Canadian consumers are increasingly
making micro-trips to their local grocery
store throughout the week, rather than one
big shop on the weekend.
Canadians shop
in micro-trips
weekly
2-3 times/week
daily10%
26%
23%
PwC
PwC
Increased desire for wellness and sense of community
Grocery stores are
becoming the next
“community centres”
where people choose to
shop in person not only
because they want the
freshest produce, but also
to fulfil the need for human
connection
Specialty stores like meat
markets, green grocers and
fishmongers continue to
gain ground due to the
growing preference for
plant-based food and
humanely raised meat
PwC
PwC
Sustainability is a differentiator
How Canadians purchase sustainably
I avoid the use of plastic where possible 42%
I buy items with less packaging 42%
I look for products with
environmentally friendly packaging
38%
I choose sustainable products
to help protect the environment
33%
I buy brands that promote sustainable practices 28%
PwC
PwC
Sustainability goes beyond food & drink
33%are willing to pay a
premium for items that
are either sustainably or
ethically produced.
This was followed in popularity by items with
sustainable packaging (32%) or eco-friendly
offerings (32%).
PwC
Voice-enabled tech is creating a new
communications channel for retailers and
17% of Canadians surveyed are already
using voice assistants to make purchases.
While voice-enabled tech continues to grow
and evolve it is important for retailers to think
about how their consumers will find and
engage with their brands and products.
+75%is the expected pace of
annual growth for IoT
payments including voice
The rise of voice enabled tech
PwC
PwC
Companies that make experience a priority can charge up to a 16%premium for their products and services”
Return on experience is a metric businesses can’t ignore
ROX is a new performance management approach that
connects CX to EX and brings together “soft” investments
in connections and culture with “hard” investments in
technology and analytics. Another way to understand ROX
is to identify what it’s not. It’s not a single, simple,
universally applicable metric. It’s not another flavor of ROI,
Net Promoter Score, or a brand health index.
Customer experience Employee experience
ROI ROX
CX EX
PwC
PwC
Building ROX metrics reinforces a virtuous circle and amplifies value
PwC
Pride
The emotional commitment to
brand purpose and strategy
Outcome
The financial results produced
by a higher ROX
Influencers
Internal and external brand ambassadors
and sources of emotional energy
Value driversThe key sources of value in the eyes of
customers and employees
Behaviors
Those critical positive habits and actions that
define the culture, drive excellence, and need to
be embedded in performance management
Driving a virtuous
circle for ROX
PwC
Six imperatives for driving a return on experience
PwC
Understand customers: use proprietary
data to gain valuable insights into customer
behaviour.
Treat data respectfully: customers will
take their business elsewhere if they feel a
company is not protecting their data.
1 2
PwC
Six imperatives for driving a return on experience
PwC
3 4
Find “magic moments”: focus on “magic
moments” with customers to create loyalty
and build a relationship over time.
Win the trip: use a set of levers (service,
exclusivity, assortment, price, etc.) to
capture and create trips.
PwC
Six imperatives for driving a return on experience
Fuse CX and EX: customer experience
exists in a feedback loop with employee
experience.
Convey shared values: fusing CX and EX
is easier when the two groups share the
same values with a brand or organization.
5 6
PwC
Continue the conversation
Daniel Moro
Strategy& Director,
PwC Canada
+1 416 804 7122
2019 Canadian Consumer Insights Survey | Return on experience is a metric businesses can’t ignore May 2019
15
Myles Gooding
National Retail & Consumer Leader,
PwC Canada
+1 416 687 8598
pwc.com/ca/consumerinsights
© 2019 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved.
PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity.
Please see www. pwc.com/structure for further details.