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Retail Business Review | Monday, March 21, 2022
Digital supply networks (DSN)-enabled supply chain capabilities can assist retailers, and CPGs achieve competitive differentiation and profitable growth while delivering a customer-driven shopping experience.
Fremont, CA: In an increasingly customer-centric world, retailers are faced with a stark choice: alter their supply chains or risk becoming irrelevant. The "everything is convenient" purchasing expectation is becoming increasingly difficult for merchants to meet, as customers' expectations rise with each new customer-experience innovation in the marketplace.
Traditional brick-and-mortar and pure e-commerce businesses alike are up against tenaciously innovative competitors that are increasingly exploring new and novel methods to engage and delight customers in more comprehensive and distinctive ways. The unsung hero of this widespread disruption is the supply chain, which is called upon to facilitate what would have been a pipe dream a decade ago.
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Retailers and consumer products firms alike are increasingly making considerable investments in restructuring their supply chains, with only 8 percent of supply chain executives1 believing that their organizations are organized adequately to compete in this new environment.
Can retailers offer good customer service through Retail Digital Supply Chain?
Providing a positive retail experience for a shopper looking for the perfect pair of wedding shoes shouldn't be a daunting challenge. The range of technology-based skills that a shop must deploy might be bewildering, especially with customers expecting a comprehensive and smooth experience.
Customers today expect to be able to get whatever things they require whenever and wherever it is convenient for them. Attempting to connect directly with the end consumer has become critical for a retailer—or even a consumer products company. These omnichannel features should allow for smooth cross-channel buying with numerous delivery options, a personalized touch, assurance of stock levels and delivery timeframes, the capacity to recommend acceptable alternatives, real-time communications, and hassle-free returns.
Only 58 percent of shoppers are happy with their shopping experience, according to a Deloitte supply chain executive survey, and only one-third are very satisfied. Customers who shop online are 70 percent happier than those who shop in stores. Total pricing, transactional simplicity, assortment breadth, delivery modality, and delivery confidence are the most important factors of customer happiness online, according to study reports.
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