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Mobile & Retail Trond Bugge, april 2012 Retailer congress ESSO Norge

Exxon mobil retailer summit

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Keynote for Exxon Mobil Retailer Conference

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  • 1. Mobile & RetailRetailer congress ESSO NorgeTrond Bugge, april 2012

2. Send ESSO to 2065 3. 20102000 4. 2020 NS IOIMPACTAT CTX PE E2010TIME2000 SOURCE: PAUL SAFFO 5. 3 main trends and 12 sub-trendsgrown out of 8 pathwaysDEMATERIALIZATIONMOBILITY NETWORKING VIRTUALIZATION CONVERGENCEPRODUCT INTELLIGENCEINTERACTIVITY GLOBALIZATION 6. Accelerating development of smart mobile devices MORE WIDELY DISTRIBUTEDSMARTERSPEACH RECOGNITION BETTER ANDAND MORE MORE VISIBLEACCESSIBLE LOCATION-IMAGE DATA, ALSORECOGNITION INDOOR BROADER DISTRIBUTION OF HYPER RELEVANT OFFERS DEMATERIALIZATION MOBILITY NETWORKING VIRTUALIZATION CONVERGENCEPRODUCT INTELLIGENCEINTERACTIVITY GLOBALIZATION 7. Smarter and moreaccessible imagerecognition Gigantic opportunity for mcommerceMore to read:http://www.forbes.com/sites/jenniferhicks/2012/03/05/image-recognition-technology-goes-shopping/http://m.intomobile.com/2012/01/27/ebay-motors-app-gets-image-recognition-iding-cars/ Ideas: 8. More widelydistributedspeechrecognition Faster search for products or dealsMore to read:http://www.emarketer.com/Mobile/Article.aspx?R=1008898/http://www.zdnet.com/blog/microsoft/microsoft-making-big-speech-bets-with-windows-8-bing/10303 Ideas: 9. Better andmore visiblelocation-data,also indoor 58% have located a retailer on mobile 34% have searched store inventory on mobile More efcient physical shoppingMore to read:http://www.forbes.com/sites/jenniferhicks/2012/04/08/web-analytic-tools-for-physical-spaces-indoor-positioning-takes-shape/ Ideas: 10. Growingdistribution ofhyper-relevantmobile offers Mobile ad spend worldwide is predicted to be US$3.3 billion in 2011 sky rocketing to $20.6 billion in 2015, driven by search ads and local ads 28% of Smartphone owners have used a mobile couponMore to read:http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats Ideas: 11. Rapid growth in usage of mobileinternet and applicationsGREATERMORE SPACE FOR GEO-POSSIBILITIES TO SOCIAL SHOPPINGMAKE PRE- &EXPERIENCESPOST PURCHASEGREATERRESEARCH OPPORTUNITY TO REWARD CUSTOMERS LOYALTY - ON THE GOGREATER OPPORTUNITY TOINSTRUCT USERS IN THEIRUSE-CASE SETTINGSDEMATERIALIZATIONMOBILITY NETWORKING VIRTUALIZATIONCONVERGENCEPRODUCT INTELLIGENCEINTERACTIVITY GLOBALIZATION 12. Increasingopportunities tomake pre- andpost purchaseresearch 82% have used their mobile to help with shopping in-store 69% have used their mobile to get more product infoMore to read:http://www.thinkwithgoogle.com/insights/facts/media-platform/ Ideas: 13. More space forgeo-socialshoppingexperiences 91% of mobile internet access is to socialize, compared to 79% on desktopMore to read:http://tag.microsoft.com/community/blog/t/the_growth_of_mobile_marketing_and_tagging.aspxhttp://www.clickre.com/mobile-check-ins/ Ideas: 14. Greateropportunity toreward customersloyalty - on the go 15% of all lunch box purchases at ICA stamped digitallyMore to read:http://smartaremobil.idg.se/2.14476/1.428708/ica-to-go-lanserar-nfc-koncepthttp://blog.neolane.com/conversational-marketing/11-startling-stats-customer-loyalty-loyalty-programs/ Ideas: 15. Greater opportunityinstruct users intheir use-casesettingsMore to read:http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats Ideas: 16. Fast forward convergence ofphysical and virtual worlds WIDER RAPID ADAPTION OF MOREMOVE CONTEXT-SENSORS TOWARDS BASED RELATED MOBILE SHOPPINGSHOPPINGCOMMERCE EXPERIENCES IPAD HAVE BECOME THE # 1 SHOPPING DEVICEDEMATERIALIZATIONMOBILITY NETWORKING VIRTUALIZATIONCONVERGENCEPRODUCT INTELLIGENCEINTERACTIVITY GLOBALIZATION 17. Wider adaptionof tag-basedshoppingMore to read:http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats Ideas: 18. More sensorsrelatedshoppingexperiencesMore to read:http://www.psfk.com/publishing/future-of-retailIdeas: 19. Rapid growth ofmobile payment &commerce PayPal currently has more than 17 million customers regularlymaking a purchase through their mobile phone, up from the eightmillion it reported in June. Groupon reports that2011. of it offers where purchased via a mobiledevice in December 25% U.S are going to be around 15 billions in mobile commerce in 2012More to read:http://www.richrelevance.com/insights/mobile-shopping/ Ideas: 20. iPad has WHAT ARE MOBILE SHOPPERS BUYING?IPAD IS KING. The top revenue-producing items, based on gross sales, differ by platform: the top revenue driver on the desktopbecome the side is gift cards, while on the two-thirds of all mobile shopping cards hold a monetary value of $100, while the Nearly iPad side it is large-screen TVs. The gift sessions take place on iPads, accounting for nearly nine-tenths of mobile shopping revenue. Further, average pricepoint for the TVs is $310.iPad shoppers have the highest AOV, tend to purchase higher-cost goods, andTopRevenue-Producing Items, Desktop/Laptop vs. iPadconvert at higher rates than other mobile shoppers.#1 mobileDesktop/LaptopPurchased on Desktops/Laptops: iPad Other Mobile iPads:Purchased onshoppingGift Cards TVs Avg. order value is 50% higher on iPads vs. otherdevice mobile devices ... $153$158 $104... but unit sales per order are lower. 6.9 3.0 4.3 RichRelevance Shopping Insights Not surprisingly, Source: RichRelevance Data; US Sites: January 2012 March 2012.RichRelevance report March 2012: Mobile account for nine avg. price perpercent of shopping sessions compared to Web shopping. item tends to be higher for iPadHowever, mobiles share of shopping revenue increased to 4.6percent in May 2012, which is up from 1.9 percent in April 2011. WHEN DO THEY SHOP?purchases.$22 $53 $24 IPad shoppers share of sessions peaks on the weekend, with proportionately more desktop shopping on Wednesday.The iPad makes up 64 percent of mobile shopping sessions, andiPad conversion In general, iPad shoppers prefer to shop in the evenings, with nearly half of all iPad shopping occurring between 5PMother iOS devices accounted for another 17 percent.and midnight. rate is nearlythrice that of otherAlthough there have been signicant advancements in Googlesmobile devices. iPad Share of Sessions2.3% 1.5%Share of0.5% iPad SessionsAndroid and Microsofts Windows, specically around tablets,other operating systems only made up 19 percent of shopping by Day of the Weekby Time of Daysessions. DAYSUN PM N 12 MID IGHT AMIn addition to controlling mobile commerce, the iPad is also drivingbigger digital shopping baskets.SATUR7.6% DA Y Checkout9PM: 9.5%6.8% 4A 8PMPer the study, the average iPad order value is $158 compared toRichRelevance Shopping Insights M MO$153 on desktop devices. However, desktop commerce hadFRIDAYhigher unit sales per order with 6.9 units compared to the iPad3AM: 0.4% NDAY5.0%5.8%with 3 units. This shows that iPads are being used primarily topurchase bigger-ticket items. 4.6% 5.1%Specically, the study found that the most expensive items Source: RichRelevance Data; US Sites: March 2012. Conversion rate based on percent of sessions resulting in a purchase.Y4.3%M 8Apurchased on iPads were televisions. Gift cards made up theTUDA4P M ESlargest portion of Web items sold.RS D UAY THThe iPad had a conversion rate of 1.5 percent compared to othermobile devices with a .5 percent conversion rate, showing the lead WHAT ARE MOBILE SHOPPERS BUYING? WEDNESDAY12 NOONopportunities that retailers have to entice iPad shoppers. RichRelevance Shopping Insights The top revenue-producing items, based on gross sales, differ by platform: the top revenue driver on the desktop Source: RichRelevance Data; US Sites: December 2011 March 2012. side is gift cards, while on the iPad side it is large-screen TVs. The gift cards hold a monetary value of $100, while the 21. RETAIL WILL TRANSFORM INTO AN OMNI-CHANNEL EXPERIENCE WITH MULTIPLE TOUCH-POINTS MORE SPACE FOR GEO- RAPIDGREATERGROWTH OFMOREMOVE MORE WIDELYPOSSIBILITIES TO SOCIAL SHOPPING DISTRIBUTED EXPERIENCESCONTEXT- SENSORS TOWARDSMAKE PRE- &SMARTERSPEACH BASEDRELATED MOBILEPOST PURCHASEGREATER RECOGNITION BETTER AND SHOPPING SHOPPINGCOMMERCEAND MORERESEARCH MORE VISIBLEOPPORTUNITY EXPERIENCESACCESSIBLE LOCATION- TO REWARDIMAGE DATA, ALSOCUSTOMERSRECOGNITION INDOORLOYALTY - ON THE GO IPAD HAVE BECOMEGREATERTHE # 1 BROADEROPPORTUNITYSHOPPING DISTRIBUTION TO INSTRUCTDEVICE OF HYPER USERS IN THEIR RELEVANT USE-CASE OFFERS SETTINGSRAPIDFAST FORWARDACCELERATING GROWTH IN CONVERGENCEDEVELOPMENTTHE USE OF OF PHYSICAL OF SMARTERMOBILE AND VIRTUALMOBILE DEVICES INTERNET & WORLDSAPPS DEMATERIALIZATION MOBILITY NETWORKING VIRTUALIZATIONCONVERGENCEPRODUCT INTELLIGENCEINTERACTIVITYGLOBALIZATION 22. TIME TO EXPERIENCE THE NIRVANA? 23. Think Mobile on your Ecosystem 24. Hope this inspired you...!Trond Bugge, april 2012, [email protected], +46 735324022