{"id":2893,"date":"2016-06-17T15:44:47","date_gmt":"2016-06-17T15:44:47","guid":{"rendered":"http:\/\/www.www.innovationiseverywhere.com\/?p=2893"},"modified":"2016-06-17T15:44:47","modified_gmt":"2016-06-17T15:44:47","slug":"3-big-trends-asian-retail-revolution","status":"publish","type":"post","link":"https:\/\/innovationiseverywhere.com\/fr\/3-big-trends-asian-retail-revolution\/","title":{"rendered":"3 Big Trends in the Asian Retail Revolution"},"content":{"rendered":"<p style=\"text-align: justify;\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"size-ks_large wp-image-2900 aligncenter\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2016\/06\/several-tablets_uncropped_smaller-1-633x350.png\" alt=\"Ksubaka's range of gamified experiences that aims to promote customer engagement\" width=\"633\" height=\"350\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Tech is changing retail greatly and corporates need to understand recent developments in order to ensure the viability of their business. <strong>Asia especially is at the front of adopting and rejecting such new technologies.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">We\u2019ve noted 3 trends that are key in adapting retail businesses.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Trend #1: Customer-Centric Engagement<\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Getting the attention of your customers remains ever important amidst the noise from social media, tv ads and more.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The solution? <\/span><b>Emphasize on connecting with the customer to build brand awareness and brand presence.<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Key Developments:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><strong>Native and Non-intrusive advertising<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">We recently attended the launch of <a href=\"http:\/\/www.ksubaka.com\/en\/home\/\" target=\"_blank\" rel=\"noopener\">Ksubaka<\/a>, a digital media platform that gamifies the customer\u2019s brand experience. Using Touch Screen Playspots in high traffic retail locations, <\/span><b>shoppers consciously decide to engage with a brand campaign instead of having ads forced upon them<\/b><span style=\"font-weight: 400;\">. Ksubaka\u2019s bespoke game experiences also place focus on the brand, creating interactions between the brand and customer that enhances the brand story. Such gamification techniques have <\/span><b>established call-to-actions (CTAs) that are 10x other digital media and have achieved completion rates of over 80% in addition to double-digit mobile conversions.\u00a0<\/b><span style=\"font-weight: 400;\">Which is impressive considering the rising popularity of ad-blockers on browsers and mobile (it\u2019s risen over 800% since 2009 to over 190 million worldwide!)<\/span><\/p>\n<div id=\"attachment_2894\" style=\"width: 895px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2894\" class=\"wp-image-2894 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-16-at-12.34.54-PM-1.png\" alt=\"Global adblocking growth has grown over 800% from 2009-2015\" width=\"885\" height=\"493\" \/><p id=\"caption-attachment-2894\" class=\"wp-caption-text\">Global Adblocking Growth<\/p><\/div>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ksubaka\u2019s Playspots thus serve as the first point where <\/span><b>shoppers are offered to extend the experience to mobile, where they can redeem rewards, collect loyalty points or link to the brand social networks. <\/b><span style=\"font-weight: 400;\">Fairprice had a campaign that accompanied the launch of their online store where customers who successfully completed the game could receive an SMS that gave a discount when they downloaded the app from the link included. It <strong>helped to\u00a0<\/strong><\/span><b>push app downloads to over 30,000 in just a month!<\/b><\/p>\n<div id=\"attachment_2895\" style=\"width: 836px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2895\" class=\"wp-image-2895 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-16-at-2.14.49-PM-1.png\" alt=\"Completion of a game on Ksubaka's platform will lead to follow-up actions such as phone number collection that rewards customers for successfully completing the game experience.\" width=\"826\" height=\"617\" \/><p id=\"caption-attachment-2895\" class=\"wp-caption-text\">A snapshot of Ksubaka&rsquo;s game process.<\/p><\/div>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Contextual Shopping<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ksubaka also offers comprehensive data to brands with their intuitively-designed shopper surveys.<\/span><span style=\"font-weight: 400;\">\u00a0With Ksubaka\u2019s Touch Screen Playspots placed in close proximity to the products featured, the brand is at the top of the customer\u2019s mind when a purchase is being made. The availability of such <\/span><b>actionable insights will then guide brands and retailers into making decisions which develop a closer relationship with the customer for continued engagement.<\/b><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Trend #2: Offline to Online Integration for Retail Stores<\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Although more and more customers go online to buy, opportunities abound for brands and retailers that can deliver a <\/span><b>comprehensive experience that is with the customer every step of the way<\/b><span style=\"font-weight: 400;\">. Hence the rise of omnichannel operations as brick-and-mortar retailers go online.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Recognising the growing importance of selling online, China\u2019s Leyou &#8211; one of the largest omnichannel retailer of baby products &#8211; self-developed an app to provide product information and build a community for mothers. With user reviews for products being accessible in-store via a scanning feature in Leyou\u2019s app, community interaction whilst shopping has developed better connections between brands and customers as well as encouraged repeat returns. <\/span><\/p>\n<div id=\"attachment_4322\" style=\"width: 477px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4322\" class=\"wp-image-4322 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2016\/06\/leyou-467x350-1.jpg\" alt=\"leyou-467x350\" width=\"467\" height=\"350\" \/><p id=\"caption-attachment-4322\" class=\"wp-caption-text\">Leyou&rsquo;s app provides mothers with a comprehensive platform to access retail information about various baby products in-store.<\/p><\/div>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Given some <\/span><b>bad experiences with counterfeits in China with online ecommerce<\/b><span style=\"font-weight: 400;\"> in the past, mothers in China are safety-conscious and choose to purchase baby products from specialty retailers rather than online. Leyou <\/span><b>offers a sense of security on their platform<\/b><span style=\"font-weight: 400;\"> as <\/span><span style=\"font-weight: 400;\">mothers can also see the traceability of the product to purchase in confidence. The <\/span><b>combination of omnichannel marketing in Leyou\u2019s stores, mobile app and online presence has allowed the company to establish a strong and consistent emotional link<\/b><span style=\"font-weight: 400;\"> with mothers, providing them the peace of mind that they\u2019re giving their children the best. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Having previously demonstrated resistance to the ecommerce revolution in India, Kishore Biyani, Chairman of Future Group &#8211; one of India\u2019s largest retailers &#8211; started building the company\u2019s online presence in the face of startup competition with the acquisition of online furniture retailer <a href=\"http:\/\/www.fabfurnish.com\/\" target=\"_blank\" rel=\"noopener\">FabFurnish.com<\/a> for around US$2 million.<\/span><\/p>\n<div id=\"attachment_2898\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2898\" class=\"wp-image-2898 size-large\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-17-at-2.53.14-PM-1-1024x642.png\" alt=\"FabFurnish.com's homepage following an acquisition deal from Future Group.\" width=\"1024\" height=\"642\" \/><p id=\"caption-attachment-2898\" class=\"wp-caption-text\">FabFurnish.com<\/p><\/div>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It marked the relaunch of the company\u2019s <\/span><b>\u201comnichannel drive\u201d that is aimed at expanding store capacity and capability.<\/b><span style=\"font-weight: 400;\"> Most significantly, <\/span><span style=\"font-weight: 400;\">Biyani is also going to launch a wallet \u2013 \u00a0called FuturePay \u2013 which the company is developing in association with <\/span><a href=\"https:\/\/www.oxigenwallet.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Oxigen<\/span><\/a><span style=\"font-weight: 400;\">. FuturePay aims to change retail by <\/span><b>combining a price comparison mechanism, loyalty scheme and promotion management. Customers can then easily manage their purchase, coupons and in-store promotions on one easy platform.<\/b><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Trend #3: Machine Intelligence on Ecommerce Sites<\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">With the boom in ecommerce in Asia, startups and companies alike have had to work harder to get customers to make a purchase.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Asia is now driving innovation in visual search and recommendation &#8211; the use of algorithms to identify a product\u2019s physical characteristics and suggest similar products &#8211; changing the ecommerce scene!<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It has taken off especially in India where ecommerce sites such as Flipkart and Voonik offer the function to enhance the customer\u2019s experience. Using data, such as a customer\u2019s past purchases as well as the present selection, <strong>machine intelligence makes smart recommendations that compel the customer to make a purchase.<\/strong> For example, even if a product is out of stock, by showcasing visually similar alternatives, customers can still be convinced to make a purchase.<\/span><\/p>\n<div id=\"attachment_2899\" style=\"width: 410px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2899\" class=\"wp-image-2899 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2016\/06\/flipkart-image-search-1.jpeg\" alt=\"Through a partnership with ViSenze, Flipkart now offers an image search function that can suggest visually similar products to customers that increases sales conversions.\" width=\"400\" height=\"321\" \/><p id=\"caption-attachment-2899\" class=\"wp-caption-text\">Flipkart&rsquo;s partnership with ViSenze has enabled image search on the web and app.<\/p><\/div>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">On the retailer\u2019s side, the <strong>collection of such data helps to make data-driven decisions<\/strong>. Analysis drawn from the data enhances the usual sale reports by highlighting popular colours, patterns and style. This can inform product development to deliver products that customers will love which boosts their loyalty to brands.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech is changing retail greatly and corporates need to understand recent developments in order to ensure the viability of their business. Asia especially is at the front of adopting and rejecting such new technologies. We\u2019ve noted 3 trends that are key in adapting retail businesses. Trend #1: Customer-Centric Engagement Getting the attention of your customers [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":2900,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[171,80],"tags":[46,146,64,65,102,103],"class_list":["post-2893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-retail","category-research-category","tag-asia","tag-china","tag-india","tag-innovation","tag-south-east-asia","tag-startups"],"_links":{"self":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/2893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/comments?post=2893"}],"version-history":[{"count":0,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/2893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/media?parent=2893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/categories?post=2893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/tags?post=2893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}