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The age of digital consumption.

Digital strategies for Indian apparel brands

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Page 1: Digital strategies for Indian apparel brands

The age of digital consumption.

Page 2: Digital strategies for Indian apparel brands

With half our population under 25, India is a young country and these millennial will change the way we consume. Let’s hear from them.

Page 3: Digital strategies for Indian apparel brands

Our world meshes seamlessly across the physical and digital spaces.

Nielsen says the millennial spend over half their waking hours online.

Internet access is already mobile first.

Page 4: Digital strategies for Indian apparel brands

We live in the brick and click world.

Page 5: Digital strategies for Indian apparel brands

Doing real world tasks online saves tome and we connect and consume 24 x 7.

Page 6: Digital strategies for Indian apparel brands

Our digital marketplace allow consumption of content, product and services all under one roof.

Page 7: Digital strategies for Indian apparel brands

We form 60 percent of the internet user base and our connectivity will not dip with onset of career and family.

How will we achieve this?

Page 8: Digital strategies for Indian apparel brands

Well some things will just fall in place.

Page 9: Digital strategies for Indian apparel brands

While for the rest, the environment will evolve.

It’s ok to take a 10 minute break to order the shoes I liked,

or keep in touch and be heard in real time.

Page 10: Digital strategies for Indian apparel brands

Workplace etiquettes are evolving on an open architecture.

Page 11: Digital strategies for Indian apparel brands

As consumers, we will gravitate towards brands that can service us a time and place of our choosing.

Page 12: Digital strategies for Indian apparel brands

We broadly fall into two groups, those with physical access and those without.

Our choice to shop on or offline is based on convenience.

We shop online for the convenience of access.

Page 13: Digital strategies for Indian apparel brands

Together we will change consumption patterns from touch and feel to convenience.

Page 14: Digital strategies for Indian apparel brands

We are the tomorrows consumers and will account for 80 percent of consumption, within the next seven years.

40 percent of our total spend will be online. From paying bills, to ordering groceries, booking tickets to shopping, everything that saves time, will be done online.

Page 15: Digital strategies for Indian apparel brands

Are you ready for the age of digital consumption?

Page 16: Digital strategies for Indian apparel brands

Give any millennial Rs. 1,000 today and chances are they will spend it online.

Page 17: Digital strategies for Indian apparel brands

Brands need to look beyond the current B 2 B channels,

Page 18: Digital strategies for Indian apparel brands

and focus on the consumer seeking omni channel experience. Order from anywhere to deliver anywhere.

Page 19: Digital strategies for Indian apparel brands

Are brands hiring talent with the right skill sets?

This shift from brick, to brick and click requires a paradigm shift in mindset. Structures and processes need to evolve.

Page 20: Digital strategies for Indian apparel brands

Digital channels gives a brand absolute reach to its consumers.

Demand gets fragmented beyond tier 4 cities.

You can’t open an outlet for 10 customers, but all 10 can be serviced online.

Page 21: Digital strategies for Indian apparel brands

Each channel has a unique channel cost, the difference between the shelf price and the brands selling price to the channel.

Brand R

etail

Multi B

rand

Franch

ise

Digital

B2B

Digital

B2C

0%

10%

20%

30%

40%

Channel Cost

Channel Cost

Channel cost for brand retail is the occupancy and operational costs.

Page 22: Digital strategies for Indian apparel brands

Today online sales are under 2% of total retail.

89.0%

9.5%

1.5%

Retail Market 2015

Unorganized 89%Organized 9,5%Online 1.5%

Page 23: Digital strategies for Indian apparel brands

In a decade India will be a $ 3.5 trillion economy and digital commerce will be a $ 400 billion marketplace.

67%

21%

12%

Retail Market 2025

Unorganized 67%Organized 21%Online 12%

Page 24: Digital strategies for Indian apparel brands

Digital consumption is here to stay.

Consumer •Consumption is about convenience. •Access to anytime, anywhere consumption.

Environment •Proliferation of mobile devices and broadband.•An evolving marketplace.•An evolving workspace.

Brands •Need to move from brick to brick and click mindset.•24 x 7 connect with its consumers.•Offers consumers omni channel experience.

Page 25: Digital strategies for Indian apparel brands

Digital strategies are about identifying, acquiring, engaging and servicing your consumers online.

Identify Acquire Engage Service

Page 26: Digital strategies for Indian apparel brands

Digital marketing is about identifying, acquiring and engaging consumers online.

Page 27: Digital strategies for Indian apparel brands

Robust and holistic digital strategies will deliver growth.

Page 28: Digital strategies for Indian apparel brands

Digital supply chains service online consumption.

Page 29: Digital strategies for Indian apparel brands

Brands need robust digital supply chains to meet customer expectations. Anywhere delivery in 1 to 3 days.

Page 30: Digital strategies for Indian apparel brands

Brands need sound digital strategies built around infrastructural weaknesses and challenges.

Page 31: Digital strategies for Indian apparel brands

Thank You

Arun DhawanSpectra International