As the world transitions toward post-COVID endemicity, Asian economies are expected to bounce back the fastest. After two years of reacting to unpredictable swings in lockdown-induced consumers, brands and marketers have a chance to lay the groundwork for the next stage of growth.
Amid the return to the “new normal”, there are four trends retail brands need to look out for when it comes to their marketing strategies for 2022:
Although the pandemic upended retail shopping, brands also have more tools at their disposal to harness the power of big data, artificial intelligence, and consumer insights. The use of three key technologies – cloud commerce, shopping apps, and location analytics – gives marketers the ability to stay agile and react to trends in real time.
But the question is, has consumer behaviour changed for good? Or will they revert to old habits from before the pandemic at the earliest opportunity? To find out, marketers need to do the following:
While the answers to the above are not fixed and may change with time, marketers should leverage mobility intelligence and optimisation to stay ahead. Here’s how three brands did it.
The brand wanted to launch a third outlet amidst the pandemic but needed more insights before making the decision. Utilising data from 4 million devices via ADA’s XACT platform alongside telco subscriber data, they scoped out profiles of existing consumers in two existing outlets, as well as potential consumers in the upcoming mall. ADA also helped identify post-pandemic changes in consumer behaviour and assessed competitors in the area.
The company had previously focused on business travellers, a strategy that turned unviable in 2020. To get a handle on emerging mobility patterns, ADA mapped out traffic within target areas at different times throughout the day, allowing the brand to find new routes to monetise. The brand successfully re-routed its taxis to busy areas and reduced taxi idle time in areas with low demand.
ADA designed a three-pronged campaign to boost overall usage of eWallet through the following: send location-based push notifications to encourage payment usage at nearby merchants; run targeted campaigns to convert users who didn’t use the app for payments; and onboard popular outlets that weren’t on the brand’s merchant ecosystem.
To learn more about creating a mobility-centric omnichannel retail strategy, tune in to the full video from our Re.Con on-demand webinar.