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NVISION Insights and Innovation Team

Future of CPG Marketing:
Building a Winning Strategy

man on speedy go kart - full

The Consumer Packaged Goods (CPG) industry marketing is changing. The game and the rules are evolving, and brands need to identify and implement new and strategic ways to keep up in order to remain profitable.

According to Clare Gordon, Nicolas Willemot, Eileen Shy, and John Grudnowski in their Bain & Company article, “Today, marketing consumer products is more like a sprawling contest of mixed martial arts, with new competitors playing by different rules; an unprecedented complexity of channels, content, and partners; and a step-change in speed and ways of working that has punches flying at incumbent consumer products companies.”

To ensure future success, CPG brands need to transform their marketing operations to better connect with consumers in this ever-changing industry. Here’s how brands can prepare for the future of CPG marketing.

Define New Growth Platforms

In the past, brand marketers just considered geographies and nearby industry verticals when brainstorming marketing methods. However, this approach is no longer effective. Brand marketers need to take more factors into the mind and remain aware of new marketing trends that emerge in the CPG industry when coming up with marketing strategies.

CPG marketing trends have shifted from services to experiences, and now further to communities, and brands must discover new growth platforms in order to keep up with this pace of change. To determine the most effective marketing methods and growth platforms, they need to evaluate the past and the future. Brand marketers can enhance their marketing methods by combining the old with the new.

So, instead of relying only on legacy marketing tactics, brand marketers should think “outside the box.” Consumers today want more engagement with brands. Marketers should create innovative ways to connect with consumers based on demand while envisioning marketing strategies that influence every touchpoint of the individual consumer journey in the long run.

By taking a step further and implementing a growth platform that enhances marketing tactics of the past to improve the future, CPG brands can transcend beyond their current products, business models, and capabilities.

man with tablet showing charts-growth

Rethink Your Brand Portfolio

The truth be told. The conventional marketing formula no longer brings growth. As the marketplace undergoes a rapid transformation, marketing leaders are compelled to rethink their brand from its competitiveness to capabilities and the way they connect with consumers.

Disruptive industry trends and insurgent brands have raised the bar on consumer expectations that force brands to build and manage a more diverse brand portfolio to meet the demand.

By focusing on refining optimal portfolio roles, identifying winning strategies, determining the level of investments and ROI expectations, will help marketing leaders to develop a 360-degree consumer engagement strategy through omnichannel touchpoints of the customer journey. According to the article, “CMOs need to reassess growth platforms and future brand portfolios, along with developing a supporting strategy on data and technology,” to fulfill their newly assigned role as growth drivers in this versatile CPG marketplace.

brand idea poster - onsite services

Transform Your Operating Model

Brand marketers should consider adopting a new operating model and partnership structure that falls in line with the emerging trends in the CPG industry. They must also ensure that they have an effective process in place to manage this transition.

Brands should collect and utilize customer data in order to personalize the shopping experience for their target market and make it as engaging as possible for shoppers. As Gordon, Willemot, Shy, and Grudnowski explain, “Take control of targeting and consumer data to build differentiated capabilities for retargeting groups of consumers, as well as driving insights and guiding strategy.”

Consumers expect to see advertisements that are specifically targeted to their needs. Brands can put their consumer data into good use to tailor their marketing techniques to fit the profile of their target audience.

When you identify the needs of your customers and effectively use personal information, you can influence their shopping process, convert them to loyal customers, and simultaneously drive sales for your business.

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As new trends and changes emerge in the CPG industry, it is essential for brand marketers to be aware and plan new marketing strategies for the future.

By defining new growth platforms that involve “thinking outside the box” of legacy marketing methods, focusing on refining optimal portfolio roles by revamping your brand portfolio, and transitioning to a new operating model that satisfies customers’ shopping experiences, CPG brands can generate demand, drive sales, and keep up with the fast pace of industry changes.

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CMO’s Guide: Capitalizing on Emerging Marketing Trends Beyond 2020

man with ipad

The landscape of the marketing industry is in constant motion. These changes present new opportunities for marketers to engage with consumers to drive sales. However, some brands are struggling to keep up with changes in the industry, and are consequently falling behind as the broader retail landscape changes.

According to Charles Golvin, as quoted by Chris Pemberton in his Gartner article, “Shifting consumer behaviors and technology innovation deprive marketers of equilibrium. Recovering that equilibrium will require organizational alacrity, a laser focus on customer needs, and a balanced embrace of automation.”

In order to ensure future success, brands need to find ways to capitalize on the current changes in the industry. So, what can brand marketers do to gain benefits from emerging marketing forces in the coming years?

shop with digital network graphics - retail continuity

Adapt to Consumer Behavioral Changes

Consumers are changing the way they shop. Technology plays a major role in this evolution of the modern shopper. Customers now use voice commands, wherever they are, to get tips and advice from automated voice interfaces as if it were a human. Brand marketers need to ensure that their brand comes up as a suggestion when customers search for a particular product through voice automation.

Along with using voice commands, consumers respond enormously to video content. Brands should recognize this emerging preference and focus on producing creative, engaging video content to capture the attention of potential customers. By discovering how to use new consumption formats to reach your target consumers, you can increase the effectiveness of your marketing presence and drive sales for your brand.

marketing meeting

Partner With Experts

As we already know, many brands collect personal data from shoppers. But the simple act of gathering information doesn’t lead to results by itself. Brand marketers need to figure out how to properly analyze and utilize the data that they have.

Brands need to ensure that they employ analytical talent with the expertise necessary to extract valuable insights from large amounts of data. As Pemberton explains, “Based on the Gartner Marketing Analytics survey, nearly half of marketing leaders surveyed said some of their most expensive and experienced analysts and data scientists spend their time preparing data to be analyzed rather than analyzing the data.” The problem is that many data analysts are simply “missing the mark” when it comes to effectively utilizing personal information to market towards a target audience.

When brand marketers know how to put consumer data into action, they are able to focus on personalizing the customer experience, which results in higher profits and increased conversion rates. An effective way to capture the attention of customers is through personalized, creative marketing materials that can engage customers with call-to-action.

AI-machine learning

Marketing with Machine Learning

Artificial intelligence is an important technology that has strongly impacted the marketing industry. The increased use of sophisticated technology for marketing may pose challenges for brand marketers, especially those who are convinced that legacy marketing tactics are the only effective way to reach customers. What brands need to realize is that an effective, balanced combination of physical marketing tactics and digital marketing methods is required for brands to remain profitable in the current age.

Brand marketers can capitalize on the emergence of new automation devices by delivering personalized communications to consumers. Pemberton explains, “Vendors promise their AI solutions will yield increases in marketer efficiency and deliver optimal communications to prospects and customers at the moment of maximum influence.”

As automation methods continue to dominate the marketing industry, marketing teams will experience a disruption in the way they perform. But, when brand marketers see technological advances as new opportunities, as opposed to problems, they can invent and implement innovative methods to improve marketing outcomes and customer experiences.

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The changing terrain of marketing in the coming years doesn’t mean that you will struggle. Instead, brand marketers should see these market challenges as opportunities to redefine their business by thinking of new, creative ways to engage with customers and drive sales.

Adapting to customers’ behavioral changes related to shopping, hiring experts who know how to effectively analyze data to improve marketing tactics, and capitalizing on the use of machines for marketing are important steps you can take as a brand marketer in order to flourish in today’s challenging market. By understanding these useful actions, brands are more likely to remain profitable and ensure a prosperous future for their business.

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For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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Top Marketing Trends to Watch for 2020

girl looking through her fingers-full

With 2020 on the horizon, the accessibility of innovative and disruptive technologies are driving marketers to acknowledge, assess, and prepare for emerging marketing trends to remain profitable.

According to John Hall from Forbes, “The world is changing a mile a minute, and it’s hard to scale, differentiate yourself, and maintain trust in the ever-changing marketing world.”

The more you can plan forward, the better equipped you feel to managing those changes when they happen. Here are three top marketing trends that marketers should embrace and prepared for.

woman shopping on tablet - CPG

Social Shopping

Social media, which used to be a network for friends and family sharing emotional input, now becomes an effective sales platform for many brands.

With nearly 25% of brands are selling through social media, it offers brands the ability to reach new customers quickly on users’ own terms. Equipped with a frictionless checkout process, it enables brands to create a seamless shopping experience to build a long-term relationship with their customers for retention. It also allows brands to shorten the sales cycle tremendously for short-term profits.

According to AddThis, 60% of people discover products on Instagram, and 78% of Americans use Facebook to find new products. Social shopping is not just another buzz word. It will shift the way customers find and purchase products, accompanying high expectations of the entire customer journey being frictionless.

Virtual Interaction

Today’s consumers expect new experiences when they are online, and for the majority, this means more interactivity. In fact, augmented reality (AR) is expected to become the most popular interactive technology for engaging consumers in 2020.

Well developed interactive content can keep your consumers on your page longer, increasing your brand exposure. It is highly shareable, meaning you are growing your brand awareness. Consumers enjoy experiencing virtual interaction are more engaging. It is also highly personalizable to fit the customer’s lifestyle, which adds value.

Virtual interactive technologies offer higher emotional intensity and add a new layer of customer experience by placing your brand image close to the eyes of customers.

professional meeting-growth

Content is Still the King

Continuing a steady trend from this year, content marketing will remain as one of the top trends in marketing for 2020. There are advantages of well-crafted content that will bring to your brand. Delivering valuable, relevant, and consistent content attracts and acquires a more clearly-qualified audience with potential conversion in the long-run. Creating and sharing compelling content will build your reputation as an industry authority and influencer. Informative content helps customers to make educated decisions.

Your content is what search engines provide to searchers online; it is critical to produce high-quality content continuously for your inbound and outbound marketing effort. By producing authentic content that adds real value to your target audience, brand marketers will nurture stronger and longer-lasting customer relationships.

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Marketing trends are constantly evolving. And brand marketers need to be aware of emerging trends to leverage efforts to be successful in 2020.

Utilizing social media effectively to create a seamless customer journey, engaging users with meaningful virtual interaction, and creating valuable content that speaks consumer’s language are effective ways to leverage new trends, generate demand, and drive sales for the coming years.

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For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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3 Tips to Driving Healthcare Marketing to Success

elderly woman at the hospital counter - full

Today’s healthcare consumers are much different than the healthcare consumers of the past, thanks to the wealth of resources available, including the advancement of technology. Patients now have more options than ever, and can access them instantly from their devices. As a result, healthcare companies today face new challenges when it comes to marketing effectively.

According to Lindsay Resnick in CMO.com, “Success in a transformative landscape requires marketing leaders to re-examine strategic imperatives, anticipate what’s coming next, and deftly navigate a fast-moving set of obstacles and opportunities to capture customer mindshare.”

In order to ensure success in these changing market conditions, healthcare brands must capitalize on emerging opportunities to improve their marketing campaigns, and here’s how.

doctor touching screen -healthcare

You and Yours Only

Delivering an exceptional customer experience being the priority, healthcare marketers should collect, analyze, and leverage consumer data to develop a “Patient Persona” to attribute marketing strategy.

By leveraging the sum of cross-channel consumer data, nothing will attract more consumers than an intimately crafted and satisfying message tailored to consumers’ needs.

When consumers are content with their needs through your product, your brand will experience higher profits, increased demand generation, and enhanced brand awareness.

As Resnick stated, “Customer experience will go beyond journey mapping as healthcare companies commit to budgeted, cross-functional efforts across customer life cycle touchpoints.”

people looking up - crowd

Know Your Shoppers’ Personas

To effectively reach and engage with customers, brand marketers need to be aware of the different types of segments they’re targeting. The four most common categories of shoppers include: digital by lifestyle, digital by choice, digital by need, and offline society. Each consumer group has unique shopping needs, and brands need to prepare marketing approaches for each of them.

As Amar, Raabe, and Roggenhofer explain, “Best practice is to design primary service for each segment, using contact volume distribution and persona profiles that differentiate by digital behavior to determine engagement strategies and the necessary investments in each channel.” Different types of consumers will respond to different marketing tactics, so brand marketers need to get creative to effectively reach a large audience of shoppers.

More and more customers demand personalized journey fit their needs. The first step for brands to achieve this is to understand the shopping preference of their target consumer groups.

Some consumer segments respond more to online advertisements, whereas others are more touched by physical marketing materials such as direct mail that drives them to brick-and-mortar stores where they can experience a personal connection with the brand. Therefore, brands should focus on developing marketing strategies that serve each persona group based on their shopping preferences in conjunction with omnichannel digital efforts.

digital data-hand touching tablet

Combine Data, Creativity, and Technology

To healthcare brands, it is critical to provide an attractive, yet attentive customer experience by realizing the three-way convergence of brand, direct, and content marketing. And they should combine data, creativity, and technology to develop and implement robust marketing approaches.

For obvious reasons, developing customer touchpoints based on consumer data is essential to deliver personalized experience via relevant conversations to exchange value to retain profitable consumers.

And health brands, perhaps more than most industries, must take advantage of the technological resources; apps that can be used on mobile devices to easily and quickly interact with brand representatives, search for product information and ask essential questions help close the gap between customer and care.

No one enjoys feeling like they’ve wasted time. When customers receive an easy, convenient, yet quality experience, they will be happier, and more likely to become your brand ambassador.

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As the healthcare industry changes and presents more challenges to marketers, health brands must employ new methods to remain profitable and satisfy their customers’ needs.

By using customer data to deliver a more personalized experience, ensuring that there is an effective channel for communication and productive engagement with consumers, and employing marketing techniques that combine data, creativity, and technology, you can provide a satisfying, helpful customer experience that will drive sales, and increase brand awareness.

And by working with a trusted partner who can help you capitalize on new marketing opportunities in the healthcare market, your brand can compete on the quality and effectiveness of your healthcare marketing efforts.

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Three Ways of Capturing What Customers Want Before They Do

thinking girl with digital shopping symbols

Advancement of technology with limitless digital bandwidth opened up a new array of channels for today’s consumers to be more aggressive in engaging with brands. More importantly, it is changing the way consumers shop, forcing brands to present a superior omnichannel experience to meet the expectations and demands of consumers. However, some brands struggle to do so because they lack sufficient awareness of their customers’ needs and preferences.

According to Jorge Amar, Julian Raabe, and Stefan Roggenhofer in their McKinsey.com article, “Companies seeking to keep pace with industry leaders must embark on an omnichannel transformation — one that views touchpoints not in isolation but as part of a seamless customer journey. And since customer journeys aren’t simple and linear but a series of handoffs between traditional and digital channels that can vary significantly by customer type, an effective strategy requires an in-depth understanding of what customers truly want.”

In order to ensure success, brands need to focus on understanding the preferences and wants of their target audience.

Omni-channel-Illustration-shopping

Provide Quality Digital Customer Care

More and more customers prefer to shop digitally and seek out customer care online. Many brands have capitalized on this trend by focusing on developing a robust omnichannel presence. However, brands that design a digital channel prematurely often fail to provide adequate online support channels for their customers.

Some brand marketers believe that the customer’s desire for customer-employee interactions is diminishing due to growing technology. But, trends indicate that the volume of engagement and the number of touchpoints actually continue to increase. This shows that brands need to ensure that they are providing effective and positive engagement with customers through digital channels.

Brand marketers who fail to provide adequate customer care online find that customers make multiple visits to their website in order to receive the help and assistance that they require. This leaves shoppers frustrated and dissatisfied, decreasing sales and conversions for your brand. Concentrate on efforts to understand how to effectively help your customers, and ensure that you offer productive digital avenues through which they can seek assistance.

Know Your Shoppers’ Personas

To effectively reach and engage with customers, brand marketers need to be aware of the different types of segments they’re targeting. The four most common categories of shoppers include: digital by lifestyle, digital by choice, digital by need, and offline society. Each consumer group has unique shopping needs, and brands need to prepare marketing approaches for each of them.

As Amar, Raabe, and Roggenhofer explain, “Best practice is to design primary service for each segment, using contact volume distribution and persona profiles that differentiate by digital behavior to determine engagement strategies and the necessary investments in each channel.” Different types of consumers will respond to different marketing tactics, so brand marketers need to get creative to effectively reach a large audience of shoppers.

More and more customers demand personalized journey fit their needs. The first step for brands to achieve this is to understand the shopping preference of their target consumer groups.

Some consumer segments respond more to online advertisements, whereas others are more touched by physical marketing materials such as direct mail that drives them to brick-and-mortar stores where they can experience a personal connection with the brand. Therefore, brands should focus on developing marketing strategies that serve each persona group based on their shopping preferences in conjunction with omnichannel digital efforts.

cashier handing credit card back to customer - sales person

Train Employees to Put the Customer First

A superb omnichannel experience does not stop at the completed purchasing transaction. It now extends to seamless customer handoffs across the channel from pre-purchase interaction to after-purchase follow-ups by the customer service, via online or face to face. To provide a superb omnichannel experience, brands need to recognize the importance of employee training to fulfill the pre and post-purchase phases of the customer journey.

Well trained brand employees should be able to identify customer needs and cater to their services accordingly. In order to do so, they must receive the right kind of training. Ensure that your training is creative, effective, and designed with the customer in mind. The better the coaching, the better the service, and it translates into higher demand and increased sales for your brand. It’s integral that your workforce has the right skill sets to offer effective customer care. Eventually, this will help to refine the strategy based on brand performance in the long run.

When complex issues arise, employees need to be able to provide feasible solutions and give customers a seamless experience. Positive interactions help employees develop meaningful relationships with consumers, which serves to drive sales and bring in a higher number of loyal customers for your brand. The happier a customer feels when they leave your store or website, it’s more likely that they will recommend your product to others.

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No two consumers are the same. Each consumer segment has unique shopping needs and responds to different marketing methods. Brands need to make an effort to understand what their target customers want and implement ways to effectively deliver it.

Providing high-quality customer service and productive assistance through digital channels, personalizing the shopping experience for target groups, and training brand representatives to follow a customer-centric mindset are useful ways to deepen your understanding of what your customers want, generate demand, and drive sales.

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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