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Preview: Leveraging Technology-Based Safety Initiatives to Thrive in the Next Normal

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Preview: Leveraging Technology-Based Safety Initiatives to Thrive in the Next Normal

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This Market Snapshot, is part of Incisiv and NEC’s effort to deliver peer-based learning and thoughtful insights on important topics that will help you navigate today and prepare for tomorrow.

This Market Snapshot, is part of Incisiv and NEC’s effort to deliver peer-based learning and thoughtful insights on important topics that will help you navigate today and prepare for tomorrow.

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Preview: Leveraging Technology-Based Safety Initiatives to Thrive in the Next Normal

  1. 1. Leveraging Technology-Based Safety Initiatives to Thrive in the Next Normal In partnership with: This Market Snapshot, is part of Incisiv and NEC’s effort to deliver peer-based learning and thoughtful insights on important topics that will help you navigate today and prepare for tomorrow. Unless otherwise indicated, all data in this Market Snapshot is from this Incisiv’s industry data pool.
  2. 2. BeMind BeMind Associate Expectations Front-line retail associates and supply chain workers (warehouse, logistics) currently value safety and security of their workplace over everything else. Safety will be a key determinant in getting associates to turn up for work and in hiring new associates to meet holiday demand. Shopper Expectations There has been a huge surge in digital sales, and in the adoption of new fulfillment options such as curbside pickup and BOPIS. While shoppers are trickling back into stores their trips are very focused and they want a quick in and out of the store. New Business Processes Retailers have had to adapt their business processes to support new payment and fulfilment methods, sanitize and quarantine merchandise and make all aspects of the store experience as contactless as possible. 94% of retailers expect the volume of their contactless payments to go up in the next 18 months. (Aug ‘20). Safety is #1 It’s also the most important factor that associates weigh before rejoining or going back to work. (Jun ‘20) The global pandemic has transformed shopper behavior and retailer operations. Shoppers value safety and convenience over all other decision factors when deciding to shop in a store. The core tenets of the new retail experience are safety and convenience. Convenience & Safety Safety Contactless & Swift Safety is #1 It’s the most important factor that shoppers weigh before visiting a store. The second most important factor is Speed of Checkout. (Aug ‘20)
  3. 3. BeMind BeMind Frictionless Building a frictionless and contactless shopping and associate experience. Using analytics and new technologies to drive decisions. Ensuring that all premises, and data is secured. The 3 pillars of Contactless Operations: Secure Smart Building contactless operations is no easy task, it requires a fundamental re-imagining of the physical store, all operational processes and the underlying technology that support it. There are three core pillars that retailers need to focus on to transform their operations. There will be a new definition of ‘normal’ in retail environments. One that can only happen when health and safety concerns are addressed. To enable greater safety and convenience, retailers must leverage new technology to build Contactless Operations.

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