Advertisement
Advertisement

More Related Content

Similar to 7 Reasons Why CPG Marketers Are Turning To Location Analytics(20)

Advertisement

More from CARTO(20)

Advertisement

7 Reasons Why CPG Marketers Are Turning To Location Analytics

  1. 7 Reasons Why CPG Marketers Are Turning to Location Analytics Follow @CARTO on Twitter
  2. Introductions VP Marketing at CARTO CPG Specialist at CARTO
  3. Has your office location changed vs 1 year ago?
  4. Are you or your family living in a different location vs 1 year ago?
  5. Are you shopping the same way you shopped 1 year ago?
  6. Have you bought a puppy?
  7. Has CPG evolved its analytics to this new normal?
  8. Often not.
  9. United States China United Kingdom Spain Australia Japan Canada Germany Italy 10 years ago 10 years ago 9 years ago 9 years ago 4 years ago 5 years ago 4 years ago 9 years ago 9 years ago 9.4 Year Averageweighted by population When was the last census?
  10. 7 reasons why CPGs are turning to location
  11. 1. Spending behavior has changed forever ● What we spend money on has changed (rise of home fitness, struggle for fashion industry) ● How we spend money (death of cash, changes in contactless limits) ● Near real-time data is required to respond to consumer behavior patterns
  12. Eating places Before lockdown After lockdown
  13. Grocery & food stores Before lockdown After lockdown
  14. 2. Mobility patterns change by the week ● Local & regional lockdowns are top of mind for brands to navigate (as a long-term factor) ● Predicting mobility behavior is closely tied to other demographic & socio-economic variables ● Important to measure & monitor return to work to mould campaigns accordingly
  15. Metro stations at risk of overcrowding
  16. POLL 1 I’ve never used movement data …………………………………….. Yes …………………………………………………………………………………. No ……….....…………………...……………………………………………….. Has mobility/movement data proven useful for your organization? It’s too expensive ..…………………...…………………………………...
  17. 3. Social sentiment is unpredictable ● Attitudes towards COVID-19 are closely tied to location, with differing behaviors and attitudes across regions. ● Social media data (with its limits) still provide indicators on attitude for brands to evolve content & campaign channels accordingly.
  18. Rapid changes in social dialogue:
  19. Conservation attitudes:
  20. Live & local music attitudes:
  21. For Sonic, it varies massively by store: ● At some stores, there is an opportunity to cultivate loyalist segments, while others should focus on the emerging customer base. ● “Sleeper” audience in some suburban and rural segments showing new interest & travelling greater distances after their traditional options have changed during stay at home orders. ● Sonic mattered to families before the pandemic, and now has become increasingly important during stay at home orders. Opportunity to focus on family-related messaging across stores.
  22. 4. New workplace trends ● Shared workspace in apartment buildings (increase productivity, no commute) ● Shared workspaces in prime locations (e.g. Shoreditch, Manhattan) suffering with workers opting to meet a handful of colleagues closer to homes ● Need to avoid mass transit for considerable future
  23. POLL 2 Intersecting admin. or political boundary (census tract, postal code, etc ) …………………………………………………………………….. Drive/walk area …………………………………………………………….. A combination of both ..……………………………………………….. How do you determine a location’s catchment area (area of influence)?
  24. Where is it affordable to walk to work from?
  25. 5. Drastic behavioral changes ● Brands are targeting completely new segments (or audiences) that they haven’t targeted before ● This requires new data that brings together online and offline behavior (i.e. not just social media, but also first party data such as: ○ Website ○ CRM ○ DMP
  26. Influx of new home buyers:
  27. Influx of online shoppers:
  28. 6. New transit preferences ● Certain demographics opting to use ridesharing more or buy a vehicle (opting to avoid mass transit) ● Changing demographics exposed to roadside media ● Increased value for less urban outdoor media (with many leaving cities for second homes or selling up)
  29. 7. Physical brick & mortar data must be real-time ● Retailers consolidating site networks & opting for curbside collection formats ● QSRs & higher-end restaurants opting to increase number of ghost kitchens serving delivery business ● Changing behavior of typical POI visitors (universities, hospitals, schools, parks) is critical data for marketers evolving their strategies
  30. February POIs won’t do the trick:
  31. CPGs need a 360 view of consumers to tell the right stories in the right place: Points of Interest Road TrafficFinancial Data Behavioral Weather Human Mobility Housing
  32. POLL 3 None …………………………………………………………….. 1 - 3 …………………………………………………………….. 3 - 5 …………………………………………………………….. 5+ …………………………………………………………….. How many 3rd party data providers does your organization have?
  33. Why? Why do the vegans hang out there & how will the vegans behavior change over the next 6 months? You need to use an LI Platform Where? Where do the vegans hang out? You’re likely using a BI platform
  34. Build yourself or get some help: Analyze Build Solution I need a solution built for a specific business problem, but don’t have in-house resources I want to a build a solution to do something with my spatial data I want to analyze something about my business with spatial data
  35. Any questions? Explore specific stories at www.carto.com/blog Jaime Sánchez CPG Specialist // jsanchez@carto.com Florence Broderick VP Marketing // flo@carto.com
Advertisement