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Predictive Analytics in Retail: BOPIS & Curbside

  1. Predictive Analytics in Retail: BOPIS & Curbside Follow @CARTO on Twitter This webinar is about to start at 1PM EDT // 7PM CEST Use the Chat Panel in GoToWebinar for questions, comments or feedback Recording will be emailed within 1-3 business days after the webinar
  2. Predictive Analytics in Retail: BOPIS & Curbside Follow @CARTO on Twitter
  3. CARTO — Unlock the power of spatial analysis Introductions Matt Forrest Director of Spatial Data Science at CARTO Stephanie Schober Solutions Engineer at CARTO
  4. CARTO — Unlock the power of spatial analysis Webinar Agenda Data Streams Retailers are Using to Plan Their Return to The New Normal Prepare and Analyze Curbside Conversions for Dashboard Views What’s on the Horizon in Predictive Retail Analytics Drivers for Efficient Consolidation Efforts Focus on Omnichannel and BOPIS
  5. CARTO — Unlock the power of spatial analysis POLL 1 Tell us more about you, what is your industry background ? Retail or Real Estate Marketing & Sales GIS or Data Science Logistics & Operations Other
  6. CARTO — Unlock the power of spatial analysis The Retail industry is rapidly changing to form a complete integration of retail and technology based on consumer demands. Buy Online Pickup In Store (BOPIS) is unique because retailers will have the ability to connect online and offline customer data. Today’s Challenges in Retail
  7. CARTO — Unlock the power of spatial analysis “Enhancing and altering the store to make it BOPIS-friendly will be just one part of making the customer experience as convenient and personalized as possible.” Jason Schwab Producer of the RestaurantSpaces, RetailSpaces, and WorkSpaces
  8. CARTO — Unlock the power of spatial analysis Many strategies with BOPIS or Curbside will persist once some semblance of normalcy is restored from COVID19. BOPIS (including pickup in locker, or drive-up) is on the horizon because the convenience of these consumer journey options will only continue to increase as the process is improved. Value of BOPIS and Curbside
  9. CARTO — Unlock the power of spatial analysis What’s happening in Retail? Use BOPIS to avoid shipping costs Coresight Research 64% of Consumers To receive goods faster Coresight Research 37% of Consumers Prior to the Pandemic, Reports in July 2019 said mass merchants were among the most popular retailers to offer buy online, pickup in-store services. Access promotional offers or discounts Coresight Research 36% of Consumers
  10. CARTO — Unlock the power of spatial analysis What’s happening in Retail? By the number of orders placed online and picked up at stores Adobe Analytics 208% increase Were more likely to use curbside pickup due the coronavirus outbreak CommerceHub 59% Of Consumers Between April 1, 2019 and April 20, 2020 A two-day survey revealed were still likely to opt for curbside delivery once the pandemic subsides CommerceHub 75% Of Consumers Of those consumers subscribed,
  11. CARTO — Unlock the power of spatial analysis Brands Who are Riding the Wave
  12. CARTO — Unlock the power of spatial analysis POLL 2 Do you feel efforts like BOPIS or Curbside are here to stay? Yes No Unsure
  13. CARTO — Unlock the power of spatial analysis The New Normal In order to do this right, retailers will need the right data and the right quality. Location Data Streams
  14. CARTO — Unlock the power of spatial analysis The New Normal In order to do this right, retailers will need the right data and the right quality. Transaction Human Mobility Vehicular Traffic Demographics Points of Interest
  15. Demographic or Points of Interest Demographics Determines whether products and services are being targeted to that company's most important consumer types Points of Interest Understanding location drivers such as the competitive landscape or site selection requirements
  16. CARTO — Unlock the power of spatial analysis Mastercard Spend Insights Scores Sales Ranking of total monthly sales revenue by location Ticket Size Ranking of monthly average ticket size Transactions Ranking of no. of monthly transactions by location Stability Variance in retailers versus the prior year Growth Increase in sales year over year 2.3bn cards globally 160mm transactions / hour.
  17. CARTO — Unlock the power of spatial analysis Mastercard Demo Summary NOV 15 - 29, 2019 APRIL 16-29, 2020
  18. CARTO — Unlock the power of spatial analysis TomTom 149 countries 56.8m KM of navigable roads 550m connected data sources Live Traffic Speed Profiles Logistics Historical Traffic POIs Origin Destination Online Maps Online Traffic Online Search Online Routes
  19. CARTO — Unlock the power of spatial analysis Human Mobility Data ● Mobile data insights available in 50 countries ● Anonymized, aggregated location data from GPS enabled devices ● Detailed population, movement, location visits, travel modes, and dwell times Mathias Schläffer Data Scientist at Unacast Dan Rushton Content Marketing Manager at CARTO
  20. CARTO — Unlock the power of spatial analysis Human Mobility Data Indoor Mapping
  21. CARTO — Unlock the power of spatial analysis The New Normal In order to do this right, retailers will need the right data and the right quality. Location Data Streams
  22. CARTO — Unlock the power of spatial analysis
  23. CARTO — Unlock the power of spatial analysis POLL 3 How are you currently using your Mobility data? (Select all that apply) Customer Journey / Origin Mapping Indoor Mapping or Parking Lot Flow Foot Traffic Counts Trade Area Creation Other / Currently Not Using Mobility Data
  24. KEY FEATURES Data in the New Normal Plot customers. Collect, identify and measure patterns found in customer behaviors based on point of sale systems, virtual dressing room technology, in store sensors, online interactions, loyalty programs Import and integrate data. Use big data analytics to ascertain useful data based on measurable statistics. Outfitting stores with smart sensors or generate location-based traffic data and to pinpoint the customer journey Optimize the shopper experience. Consumers are researching if they really want a product, and many go online to find the lowest price for it. Use technology to track both off and online
  25. CARTO — Unlock the power of spatial analysis The New Normal In order to do this right, retailers will need the right platform and the right analytics. Preparing for Curbside “There’s very low risk for (retailers) in this environment, because the consumer expectation isn’t very high. For many, it has been the only option.” -Greg Portell Lead Partner of Kearney’s global Consumer Practice
  26. KEY FEATURES Strategies in the New Normal Improve Supply Chain. Efficiency. Action can then be taken to improve the supply chain. In addition, by combining real-time shelf data with advanced ordering algorithms, retailers can more precisely control their supply chain and help improve inventory management and the quality of products and services Cross-Channel Analytics. Omnichannel analytics provides a much more sophisticated view of customer demand and the expanded customer buying journey. Create a dashboard to obtain a holistic overview of performance. Forecast Trends with Predictive Analytics. By enabling retailers to understand how specific customers shopping at specific locations choose from an assortment of products, they can then predict what demand will be in different geographies.
  27. KEY FEATURES Strategies in the New Normal Improve Supply Chain. Efficiency. Action can then be taken to improve the supply chain. In addition, by combining real-time shelf data with advanced ordering algorithms, retailers can more precisely control their supply chain and help improve inventory management and the quality of products and services
  28. CARTO in the New Normal KEY FEATURES Share secure dashboards in our cloud solution or on-premise, on mobile or desktop Report dynamic changes such as realignment in sales territories or potential opportunities of improvement Create and Develop lightweight, intuitive dashboards for simple sharing of insights across your organization
  29. WHAT IS CARTO’S SOLUTION? Cloud-Based Your Sales Spatial Analytics Location Intelligence Best Practices for Retail Analytics in the New Normal Monitor online and in-store consumer demands & their respective logistics Secure, multi-device, cloud-based solution which seamlessly integrates with existing data sources and your CRM Apply spatial analysis techniques in your expansion and redesign decisions Bring location data into the equation - as well as maximizing non-traditional data sources $
  30. CARTO — Unlock the power of spatial analysis “The real challenge for retailers across the board is how to put the product the person wants in their hands, at the exact moment that they want it. That’s the new consumer expectation.” Chris Lydle Global Partner Lead, Google Shopping
  31. Thanks for listening! Any questions? Request a demo at CARTO.COM Stephanie Schober Solutions Engineer at CARTO // sschober@carto.com Matt Forrest Director of Spatial Data Science at CARTO // mforrest@carto.com
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