I think it’s fair to say that, in the history of retail, there has never been such a sharp focus on the consumer experience. Yes, e-commerce transformed the way we do business – and the pandemic accelerated adoption of technology and innovation in the retail space – but changes were already in the making; the pandemic acted as a much-needed catalyst.
As we continue this journey in 2022 and beyond, we certainly expect continued growth in online sales and acceleration of digital transformation. But consumers are coming back to stores with higher expectations for a seamless, friction-free experience. Are retailers ready? It requires overcoming widespread inconsistencies and inefficiencies across a complicated checkout process — a process full of friction. Retailers and consumers both are feeling the pain of closing the sale.
The checkout experience still relies on an underlying network connection and complexity in the IT environment that adds to processing delays. Most retailers depend on human interaction to solve transaction problems. Error-prone, manual processes are time consuming, and they lead to FRICTION.
Consumers have more choices today than ever. Retailers must create a seamless and consistent checkout experience across both physical and digital channels and meet new and always changing expectations of their consumers. Eliminating friction is increasingly critical to the success of your business.
ISG helps retailers reinvent their customer experience to prepare for the future of retail and accelerate growth. Contact us to learn more.