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Top Challenges Faced By The UK Retail Industry And Its Customer-Centric Solutions

Post by|Consumer and RetailUK12 February,2021
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The consumer and retail industry landscape has seen a radical shift since the pandemic and has changed the way business is done. The industry is facing numerous challenges now than when they did a few years ago. Under such circumstances, it has become imperative for the consumer and retail business in London and South Wales to become dynamic and adapt to disruptive digital technologies to tap the industry’s huge potential. For the businesses to score well with their customer base, it becomes essential to identify their loopholes and challenges and shift the paradigm to where the buyer persona is heading.

Transitioning to the retail digital transformation is one of the significant challenges faced by the consumer and retail industry today. With the consumers shifting to online shopping, the challenges faced by the retail sector are many folds.

Finding And Adopting The Right Technological Solutions

Identifying the best fit technology for retail digital transformation is the key to smoothly transitioning from the traditional means of doing the retail business to the online one. Identifying the store capacity in terms of the products and entailing functionalities that a store wishes to incorporate in its online solution is the key. Businesses can choose from among many options from a ready-made e-commerce template solution like woo-commerce for the smaller store capacity to custom e-store functionality as given by Magento 2 for a larger store with complex operational functionalities.

Create An Omnichannel Shopping Experience

To create multiple modes and channels of shopping experience for the users and provide a seamless unified shopping experience to the users across all the online platforms. The major stumbling block that the retailers face is integrating online shopping experience across desktop applications and mobile applications. Offering a hassle-free shopping experience right from the first touchpoint to the last one is where the consumer market is making a gradual shift. Ensuring a consistent shopping experience across all the channels is a requirement every retailer must offer to its customers.

Cater To Evolving Customer Needs

Retailers need to pay close attention to the ever-evolving customer requisites and experience. The rapid changes in the consumer buying patterns require retailers to invest in innovative technological solutions like cognitive AI solutions, GPS, beacon and custom notifications to offer a real-time online shopping experience and provide personalised discounts for assisted shopping. The retailers’ challenge is to identify the aspects of the business that can leverage the potential of the retail digital transformation and seamlessly integrate it with their store.

Adopt Modern Marketing Strategies

The digitisation of the businesses and subsequent changes in the marketing techniques has made it a prerequisite to reaching out to customers through every retail channel. The retailers face the challenge of identifying their customer base and strategising their marketing techniques to offer a one-on-one shopping experience to the niche customer base. The retailers’ key is to address the marketing strategies from the shifting paradigms of “what is in it for me?” to “how can my business add value to the consumer experience?”

Offering futuristic digital shopping experience is something that consumers would come to expect. Customer-centric retail digital transformation is the way forward to creating a value-driven experience for customers and retailers alike.

Answering some of the questions may help measure the customers and retailers’ value for an improved experience and increased productivity. Customer-centric digital transformation depends on understanding the following parameters.

  1. Does the customer realise the business value?
  2. How is customer experience? A positive one? Or a negative one? What measures can be taken to alter a negative customer experience?
  3. How well are the products performing and services offered to the customer?

Ways To Implement Customer-Centric Solutions For Retail Digital Transformation

Solidify Your Online Presence

An effective website and a mobile app will allow the customers to access your online store through any channel, on the go and fingertips! It enables the customers to access your store for an increased window time, leading to an increased business value.

Adopt Innovative Technologies

Adopting futuristic technologies like beacon enable shopping apps, GPS, AI-assisted mobile apps for the real-time shopping experience, an online store with the seamless shopping experience at every stage from browsing to checkout and delivery. The customers always come to an online store that offers a better shopping experience than the rest of the business’s competitors.

Integrating Inter-Departmental Operations

For the retailers to manage the online store efficiently, integrating inter and intradepartmental operations at one touch-point to sync the operations and the employee for a smooth store functioning. Modules of the enterprise resource planning system can be of use to the store owners. A classic example is managing and integrating the store inventory with the website or the mobile app that enables the retailers to keep track of the products real-time through one touch-point.

Create Omnichannel Marketing Techniques

The advent of technological innovation has led to adopting inventive marketing techniques. Creating custom marketing techniques that suit the business requisites across all the marketing channels is of utmost importance. Search engine optimisation, paid marketing, local business marketing, harnessing social media’s power to market the retail brand and products are the ways in which the retailers can leverage the potential of the omnichannel marketing techniques.

Concluding Thoughts

A successful customer-centric experience is when the customer requisites, purchasing patterns and behaviours are kept above the retailers’ interests. For, a satisfied customer will automatically drive and increase business value for the retailers. Suppose you are keen on getting one smart online solution for your retail business and offer a futuristic state of the art consumer experience. In that case, experts at ZealousWeb Uk will help you build a solution that’ll give you an edge over the others in the business.

FAQ

My Businesses Is A Small To Medium-Sized Enterprise. Can I Integrate Futuristic Technology Like AI To My Online Retail Store?

Absolutely! We all small to enterprise-level businesses can seamlessly integrate the futuristic cognitive solutions to their retail business.

How Can I Integrate My Inventory With My Online Store So That I Can Manage It Better?

There are many factors that one has to weigh in before deciding ways to integrate the inventory with the online store. Experts at team ZealousWeb UK will help you analyse the factors to consider before choosing the right solution and technology to manage inventory better.


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