Sidestepping Mercurial Economic Headwinds to Innovate in the North American Retail Contact Center Sector
Dublin, July 15, 2024 (GLOBE NEWSWIRE) -- The "Sidestepping Mercurial Economic Headwinds to Innovate in the North American Retail Contact Center Sector" report has been added to ResearchAndMarkets.com's offering.
Along with healthcare, retail was one of the industries most impacted by the COVID-19 pandemic, which forced rapid change and innovation because retail goods and services are often necessities in peoples' lives, not nice-to-haves as seen in the travel and hospitality sectors, for example. In some of these verticals, customers slowed down or stopped investing entirely. In contrast, the retail sector saw big swings in customer engagement, depending on channel type. Customers abandoned in-store for online shopping. In-store personnel had to accommodate new rules and regulations to keep shoppers safe.
As pandemic fears lessened, the retail sector faced poor economic conditions (slide 9), including Federal rate hikes, glimmers of a possible recession, and multiple geopolitical upheavals. Solid economic reports, a rise in the stock market, and higher employment rates offset the challenges, creating swings in consumer sentiment and purchasing behavior. These combined factors changed how the industry uses traditional consumer preferences, spending data, and forecasting models to make decisions.
The 2024 Global Contact Center Survey of 758 contact center stakeholders, conducted in January 2024, finds that 91% of respondents consider sustainability "very important to crucial." Security has also risen in priority. A resounding 95% of survey respondents answer that it is "important, very important, or crucial" to increase investments in security.
The primary goals of this research are to establish the size of corporate budgets for purchasing channels, applications, and solutions in the contact center environment and to understand purchase trends. It also investigates the factors that influence product selection.
The publisher surveyed decision-makers and purchase decision influencers of contact centers across business functions including chief experience officers (CXOs), managing directors, owners, senior management, and middle management, among others.
Countries include Australia/New Zealand, Brazil, Germany, India, Mexico, the Philippines, the United Kingdom, and the United States.
Key Growth Opportunities:
Blend the In-store and Online Experience
Create Professional Agents
Bolster Regulatory Compliance for AI
Key Topics Covered:
Executive Summary
The State of Retail Customer Care: 2021-2028
North America
Growth Opportunity Analysis
Layoffs, Store Closures, and Shift to Value Retailing Illustrate the Shifting Retail Landscape
Retail Contact Center Growth Environment
2024 Global Contact Center Survey Results: Retail
Key Findings
Retail Decision-maker Priorities
Current and Future Channel Investment
Self-service Improvements are Top of Mind
Employee Training is the Top Engagement Initiative
Retail Growth Opportunity by Type
Restaurants
Fashion
Mass Merchants and Department Stores
Grocery, Drug, and Convenience Stores
Leaning into Sustainability
The Importance of Increasing Security
Trends Enabling Navigation through the Seas of Consumer Sentiment
The 2024 Contact Center Award
Agent Engagement: ezCater Wins the "Good Vibrations" Award
AI & Automation: British Columbia Lottery Corporation (BCLC) - Finalist for the "Mr. Roboto" Award
For more information about this report visit https://www.researchandmarkets.com/r/ab215w
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900