SCM Symposium PPT Format Customer loyalty is predi
Rick Kenney: Removing Friction from Commerce
1. How removing friction has accelerated the rise of digital commerce
Removing Friction from Commerce
2. Over 200 Million Shoppers are telling us…
2
Three key Shopper-Focused Trends
1. Conversion Rate is an antiquated metric.
2. Mobile is the force of commerce growth.
3. The Shopping Cart: the next big thing.
4. Conversion Rate is Yesterday’s Metric
4
8%VISITS PER SHOPPER
11%BASKETS PER SHOPPER
2%CONVERSION RATE
6%ORDERS PER SHOPPER
The analysis reflects a comparison of digital commerce sites transacting in Q2 2015 and Q2 2014, and reflects activity of registered users.
WHAT REALLY MATTERS:
Visits per shopper are up (thanks device-hoppers)…
…so are orders per shopper.
Beware of the antiquated metric ‘conversion rate!’
7. 9.4MINS
AVG TIME PER VISIT, Q2 2015 AVG TIME PER PHONE VISIT, Q2 2015
8.5
MINS
28%
37%
The analysis reflects a comparison of digital commerce sites transacting in Q4 2014 and Q4 2013, and reflects activity of all shoppers.
WHAT REALLY MATTERS:
Shopping is part of the digital routine: Spontaneous and interrupted.
How can you inspire and guide shoppers before time runs out?
7
The analysis reflects a comparison of digital commerce sites transacting in Q2 2015 and Q2 2014, and reflects activity of all shoppers.
Duration Declines Dramatically
7
8. The ‘Next’ Big Thing: The Shopping Cart
8
On Phones: Add to cart
rate up 15%
Increase in carts created
on phones: 99%
Increase in Carts created: 27%
Add to Cart Rate
up 5%, globally
Rise in Carts per shopper: 11%