‘Most shopper marketing agencies do not invest enough to study consumers’
By Retail4Growth Team | December 03, 2019
Retail4Growth reached out to Lloyd Mathias, Business Leader/Brand Builder and Growth Driver across the Consumer, Telecom and Technology businesses, to get his views on where shopper marketing stands today, whether it needs to be redefined, the role of technology in making it more relevant, and more.
To begin with, do you think Shopper Marketing as a concept needs to be redefined today? Can you elaborate?
Yes, absolutely. The traditional approach to shopper marketing that most consumer goods companies deployed assumed a consumer to be unidimensional- meaning he would be loyal to a channel either on-line of offline; either traditional trade or modern trade. Today, thanks to technology, most consumers shop omni-channel and many businesses have yet to adapt their store marketing to this consumer. Shopping behaviour is changing from a world where consumer go to stores to get products to one where products come to consumers.
What are the critical factors that can make shopper marketing succeed, especially for an FMCG/CDIT/Service brand ?
Consumers, not retailers or brands, now own the relationship. The power has shifted to socially adept consumers who come fully armed with all information, often knowing as much as the retailer. Businesses need to recognize that every consumer comes in with the ability to make price comparisons on his phone/ read reviews of his peers. Hence the focus in store must shift to enabling the consumer to experience the product, get his queries clarified and build the relationship.
Many shopper marketing agencies in India have failed to make it big. What do you think are the reasons for this?
I think most shopper marketing agencies in India do not invest enough to study consumer behaviour: how people shop and what are the levers that can help them make the process more enjoyable.
Is there a focused approach to Shopper marketing on the part of brands today?
I am not sure brands have focused on shopper marketing as much as they should have. The focus has been far more on e-commerce.
Read the full interview in November 2019 Edition of Point-of-Purchase Magazine.
Innovator Entrepreneur, Unidos Insta Print
‘Future teams will be IOT aware and open to experiments’
On a retail drive for used 2 wheelers
Managing Partner, Axiom Viscom
‘Creative young blood is the future of POP industry’