Exploring the Eight Layers of Matrix Retail

The age of Matrix Retail is already upon us and the only question to ask is will you acknowledge, understand, embrace, engage and tune all of the components of your company’s presence in the retail eco-system?

Or, will you choose to simply ignore them, continue in discrete multi-channel / abomni-channel mode and watch your competitors employ Matrix Retail methods to delight your customers, then dominate, devastate and ultimately destroy your business?

On a more positive note, we hope you opt for the former as the concept of Matrix Retail aims to help you bring about a state of zen awesomeness and retail customer joy as your business prepares to accelerate and break the e-commerce sound barrier.

Depicting something as pervasive and all encompassing as today’s real world digitally enabled retail environment is a tall order (especially for a graphically challenged logistics dude) but the above is my best representation to date of the eight layers of Matrix Retail which need to be enabled, interconnected and then tuned to fully deliver what I call ‘the logistics of customer experience‘. … Read more

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Matrix Retail: The Logistics of Customer Experience

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At a previous NRF Shop.org Summit I saw a keynote address by Jamie Nordstrom on trends he saw coming in the online retail business. During his talk Jamie said there was a new dynamic emerging, people were describing using words like multi-channel and omni-channel. However in his view these words were not fully capturing the changes he saw coming in retail and a new word was needed, ‘maybe polychannel or something like that’.

After the presentation I had a quick meet and greet with Jamie in which I told him how much his presentation had resonated with me based on my past senior department store retail experience at Hudson’s Bay Company. I then said to him that I think I know the word he was looking for to describe the new dynamic and that was Matrix Commerce. His reaction was immediate and visceral ‘Yes, that’s it! Have you trademarked it?’ … Read more

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Start Building a Culture of Content Creation & Sharing

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For the past several years social media has been a buzzword swamp with marketers chasing one shiny object after another like dogs chasing their tails. Social Listening, Advocacy, Content Marketing, Engagement and Social Marketing to name but a few.

More recently joining the CMO in the chase have been other c-suite executives lured by the promise of a brave new world empowered by social business and collaboration. Or maybe it’s just their fear of losing control and being left behind. … Read more

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Breaking the E-Commerce Sound Barrier with Matrix Retail!

BOOMBOOM!

What was that noise?

Someone just broke the e-commerce sound barrier!

 

In the third quarter of 2014 Williams-Sonoma’s e-commerce sales represented 51.5% ($587 million) of total company sales overtaking their store sales ($566 million) for the first time!

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Even more importantly this increase is not due to offsetting reductions in store sales with the $566 million in store sales representing an increase of 4.8% year over year for the quarter. … Read more

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Logistics, Systems Key to Social Business Customer Experience

Recently IBM Connect 2014 in Orlando was a great opportunity to catch up with a number of thought leaders and frontline practitioners working every day to bring Social Business to life.

Numerous reports have been emerging showing that anywhere from 50 to 70% of both B2B and B2C sales in coming years will be driven via the web through online and social marketing channels making the movement to a social business approach a must for leading firms. … Read more

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Omni-channel Emerging as Top Retail Logistics Issue

December is now upon us and before we know it we’ll be starting off 2014 right, which means it won’t be long until we’re all gathering in San Diego Feb 23rd to 26th for RILA Supply Chain 2014.

Last year in Florida at RILA Logistics 2013, the topic of multi-channel was discussed with 5 related presentations delivered where the challenges of the coming omni-channel revolution were laid down.

RILA Supply Chain 2014 will highlight this ongoing evolution from a discrete multi-channel stream to a full track entitled Omni-channel which includes the 4 interesting presentations identified below: … Read more

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How to Become a B2B Social Sales Machine

Social adoption rates are rocketing and the impact of social networking within society continues to grow. But surprisingly enough, there are many in the business to business marketing sphere who still don’t “get” it. With this in mind I recently put together a fast moving and to the point keynote presentation to open the eyes of B2B salesforces and socially energize them!

“Becoming a B2B Social Sales Machine” in simple, sales oriented terms explains what the B2B social networking sales opportunity means. Sharing how both individuals and ultimately the combined organization can leverage content, connections, context, collaboration and community to drive real results! … Read more

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Putting ‘The EX’ Back Into EXperiential

Every year in Toronto the summer ends with the Canadian National Exhibition running the last two weeks of August until Labour Day. For the first time in 30 years I decided to venture down in search of effective examples of experiential marketing and there were many to be found. In fact I’d say that many marketers are missing out on key branding and customer acquisition opportunities by not taking advantage of this annual event.CNE logo_large
First off let’s be clear, it’s been years since I’ve been to the  (CNE).  This wasn’t always the  case, in fact some of my earliest memories are of my Mother loading up all the kids and making the road trip from Burlington in the 1960’s. In the 1970’s I saw many classic concerts at the CNE Grandstand including T-Rex, Three Dog Night, The Guess Who, Emerson Lake & Palmer and The Beach Boys only to name a few. My CNE highlight had to be going backstage to meet RUSH and having a smoke with Neil Peart when we stepped out of the trailer to escape all the girls going ga-ga over Geddy Lee.

In the 1980’s, 90’s and since 2000 ‘The Ex’ and I went separate ways, not with any intention, we just drifted apart. But that was then and this is now, we’ve come back together so let’s dive into some of the experiential marketing seen at this year’s CNE. … Read more

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E-Commerce Success Depends on Power of Two

Customer demands for more rapid and cost effective e-commerce delivery seem to be increasing on a daily basis. In fact not a week goes by now without my speaking with retailers and etailers that since the dawn of e-commerce have successfully serviced Canada from one fulfillment operation for the country and are currently rethinking this model.

In most cases their national fulfillment operations are either positioned in Toronto or Montreal, as well as some in Vancouver, which up until now have been totally acceptable solutions. However, it definitely appears the days are numbered for a single e-commerce fulfillment operation being a viable customer delivery experience solution for all of Canada. … Read more

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Matrix Commerce is Coming Will You Be Ready?

Early in January of 2012 I found myself struggling with the general terms around multi-channel, cross channel and omni-channel to adequately describe the rapidly evolving retail and e-commerce marketplace reality we all currently face.

Searching for a term that would better capture the full complexity and many drivers impacting the business, on January 3rd 2012 in a moment of epiphany I came up with the term and concept of Matrix Commerce on which topic this whitepaper is a primer.

Matrix Commerce describes the complex construct integrating marketing, sales, sourcing, pricing, profitability, service levels, delivery and consumer perceptions. Inherent in this is the notion of complete customer centricity from many of the above items extending to include customer desires for positive social outcomes relative to cause alignment and even the sustainability performance of companies they choose to do business with.

A mouthful for sure, but while you’re chewing on that start considering the types of real time and rapid processing systems which will be required to support such multi-facetted business decisions, not to mention the reams of big and not so big data that will be necessary for companies to collect in order to make them. … Read more

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