In the contemporary scenario, a large percentage of enterprises are focusing on a blockchain (53%) and the Internet of Things (51%) to bring about improvements in their supply chain management systems. Fair trade, sustainability and transparency – the three mantras guiding most consumer purchase decisions – are resulting in more integrated and simplified supply chain systems. SCM Digitization – Use Cases There are several
A large majority of companies’ state that their number one priority is finding ways to increase revenue. In order to achieve this, they need to increase their sales. Most companies equate increased sales to increasing the number of consumers to their credit. In their desire to increase their client consumer base, companies tend to overlook the need to retain their existing customers and that
Blockchain – the buzzword in technology circles, has notched one success milestone after another in the past couple of years. A lot has been written or spoken about how blockchain works, its powerful impact on different industry verticals, and of course, the technology’s die-hard popularity. The first thing that comes to mind when we think about blockchain is cryptocurrency. You would agree that are
I distinctly remember the first time I interviewed the CEO of a large multinational company. An imposing figure in an even more imposing old fashioned office, he answered all my questions crisply and precisely. Finally to end the interview I asked him how he acquires and processes information. He looked at me for a few seconds, smiled and said, ‘That young man is information
Supply chain managers and marketers are forever on the lookout for optimizing the challenges of SCM coming their way. If you are in the same boat, then in all probability, you are scouring all possible resources to ensure a responsive, streamlined, agile, and secured supply chain. You may also want to fill up the gaps in your supply chain security to prevent diverted, adulterated
Startups, product teams and manufacturers are always looking for tell-tale signs and standard performance metrics to determine the success of their products. With millions of products thronging online and offline market spaces, there are no common signs or KPIs for measuring this success. More so, the definition of product success is different for different marketers. 5 Signs that Show Positive Product Performance In other
In the current scenario, organizations are facing continuous onslaughts of grey market trading and counterfeiting. Along with the online propagation of fake products via e-commerce platforms, brand owners are grappling with the challenges of increasing customer loyalty and brand engagements. The answer to most of these challenges lies in digital packaging and customer loyalty program software. Read on to know how anti-counterfeiting solutions and
(Anti-counterfeiting solution providers are trying their best to curb the penetration of fake products in the e-commerce market) In 2019, the B2B e-commerce market notched a value of USD 6.3 trillion! The growth continued in 2020. Even in the wake of the Covid-19 outbreak, people kept ordering the things they needed online. Even more than ever before. Current Scenario There is a flip side
Gone are the days when conventional warranty management system techniques were considered enough to provide credence to products and services. With technology taking over all types of consumer marketing platforms, the stage is set for digital product warranty activation that’s pervading all industry verticals. Successful brands are adopting ‘digital instances’ of warranties to provide high-end consumer services and eliminate fake/counterfeit products. Smart products with
Successful companies are a result of many well-thought-of strategies, effective engagement through customer loyalty platform being among the most important of all. Authentic conversations, the right outreach, and smart ways of transforming customers into lifelong fans are driving their revenues and profits. Companies with effective consumer engagement strategies enjoying customer lifetime value and increasing their brand value to attain greater heights. This is precisely
Counterfeiters can impact your business’ performance and revenues drastically which is why the anti-counterfeit software is designed. Your brand value can be ‘hijacked’ by those desirous of attaining your online identity; they do so by developing an imitation of your website. Counterfeit goods can make even the most loyal customers shy away from your business. They take away a large chunk of your revenue to
Digitization has made marketing a bit intimidating for new entrants and conditioned players alike. Thankfully, the high-tech approach adopted by new-age marketing trends has already introduced Artificial Intelligence (AI) into the various spheres of marketing. Do the multitude of marketing alternatives and strategies seem confusing to you as well? Here, we will explain three methods of implementing anti-counterfeiting technology to increase the worth of your campaigns. Dive in
Strong Need for Anti-Counterfeiting Solutions in 2020 2020 is seeing the growth of one of the largest underground industries – that of counterfeit goods – take deeper roots to bring about more drastic problems. The results are far-fetching and harmful. Industries and consumers are losing on their brand value, credibility and customer loyalty big time. The difficulties involved in identifying, sealing upon and prosecuting offenders are increasing every
As a marketer or manufacturer of consumer products, you are always on the lookout for smart and effective methods of increasing repeat sales and customer loyalty. And why not? After all, your customer loyalty index indicates how individual buyers are favoring your products and services (or the brand as a whole) in comparison to that of other players. Changing Face of Loyalty Programs Until