{"id":14618,"date":"2021-05-12T01:00:00","date_gmt":"2021-05-12T01:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/05\/12\/singapore-brands-lag-in-winning-hearts-of-consumers-as-customer-experiences-fall-short-of-expectations\/"},"modified":"2021-05-12T01:00:00","modified_gmt":"2021-05-12T01:00:00","slug":"singapore-brands-lag-in-winning-hearts-of-consumers-as-customer-experiences-fall-short-of-expectations","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/05\/12\/singapore-brands-lag-in-winning-hearts-of-consumers-as-customer-experiences-fall-short-of-expectations\/","title":{"rendered":"Singapore Brands Lag in Winning Hearts of Consumers as Customer Experiences Fall Short of Expectations"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\"><!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p>SINGAPORE &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\">Media OutReach<\/a>\u00a0-&#13;<br \/>\n12 May 2021<b><i>\u00a0&#8211;<\/i><\/b><i>\u00a0<\/i>Instead of bringing&#13;<br \/>\nbusinesses closer to their customers, Singapore&#8217;s digital pivot last year has&#13;<br \/>\nin fact widened the gap between what consumers expect of brands, and what&#13;<br \/>\nbusinesses actually deliver. According to the new &#8216;<i>Heart Matters&#8217;<\/i> study announced by <a href=\"http:\/\/www.sap.com\/\">SAP SE<\/a> (NYSE: SAP), Singapore&#8217;s consumers find that businesses&#13;<br \/>\nfall short of expectations by as much as 28% when it comes to being&#13;<br \/>\ncustomer-centric, behind the Asia Pacific (APAC) average of 21%. Furthermore, only&#13;<br \/>\nhalf (55%) of consumers in Singapore stated that brands here are able to&#13;<br \/>\nresolve their issues after three interactions. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><i>Heart Matters&#8217;<\/i> study, which was conducted by Qualtrics for SAP&#13;<br \/>\nCustomer Experience, surveyed 5,900 consumers across APAC countries including&#13;<br \/>\nAustralia, Singapore, Japan, South Korea, India, Malaysia, and Thailand to&#13;<br \/>\nunderstand their expectations and encounters with brands when it comes to&#13;<br \/>\ncustomer experience, spending, and matters they truly care about. Key gaps&#13;<br \/>\nidentified from the study centred on the areas of customer centricity,&#13;<br \/>\npersonalised experiences, openness in privacy and data control, as well as&#13;<br \/>\nsustainability and ethical behaviour. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The study also revealed that three in five consumers&#13;<br \/>\nin Singapore are now expecting brands to be purpose-driven, going beyond&#13;<br \/>\nprofits and transactional relationships, to demonstrate trustworthiness,&#13;<br \/>\nempathy, shared values, and care for society. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Singapore consumers surveyed indicated a gap between&#13;<br \/>\ntheir expectations and actual experiences on this front, in areas such as&#13;<br \/>\nbrands respecting the rights and welfare of their workers (80% vs 67%), treating&#13;<br \/>\nsuppliers ethically (76% vs 56%), actively work to reduce gender and racial&#13;<br \/>\ninequality (73% vs 55%), and not engage in anti-competitive behaviour (70% vs 54%).<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Basics matter in winning customer confidence <\/b><\/p>\n<p>Fundamental to any business, customer centricity is&#13;<br \/>\nvital to creating positive brand experiences, loyalty, and a key differentiator&#13;<br \/>\nin an increasingly competitive digital landscape.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Comparing Singapore customers&#8217; expectations to what&#13;<br \/>\nthey experienced in reality, areas that local businesses were found to be&#13;<br \/>\nlacking include responsiveness within 24 hours to customer queries (78% vs 51%),&#13;<br \/>\nacting on customers&#8217; feedback to improve products and services (84% vs 58%),&#13;<br \/>\nresolving issues in less than three interactions (83% vs 55%), having a reward&#13;<br \/>\nprogramme customised to their interests (81% vs 54%), and offering innovative&#13;<br \/>\nor better ways to serve customers during COVID-19 (86% vs 65%).<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Across&#13;<br \/>\nthe countries surveyed, Australian consumers were the most likely to cite a gap&#13;<br \/>\nbetween their expectations and actual experiences of customer centricity&#13;<br \/>\noverall (31% shortfall), followed by Malaysia (26%), Singapore (22%), Japan&#13;<br \/>\n(22%), and South Korea (14%). Consumers in India and Thailand had the best&#13;<br \/>\ncustomer experiences with expectation gaps at only 4% and 8% respectively. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;While it&#8217;s positive that brands in Singapore have&#13;<br \/>\nadapted quickly to the pandemic by tapping on digital tools and turning to&#13;<br \/>\ne-commerce, customers still expect brands to deliver on the basics \u2013 this means&#13;<br \/>\nproviding them with positive experiences and swift resolution of issues. It is&#13;<br \/>\nsobering to know that despite all the efforts businesses have put into digitalisation&#13;<br \/>\nover the past year, fundamentals around customer centricity are still not being&#13;<br \/>\nmet in Singapore. There is clearly an urgent need for brands to humanise the&#13;<br \/>\ngap between digital actions and the heartstrings of consumers,&#8221; said Peggy&#13;<br \/>\nRenders, General Manager &amp; Senior Vice President, SAP Customer Experience,&#13;<br \/>\nAsia Pacific &amp; Japan, who was recently appointed to her current role in&#13;<br \/>\nJanuary 2021. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;The pandemic has laid bare the criticality of the&#13;<br \/>\ncustomer experience in our hyperconnected world today. The key to sustainable&#13;<br \/>\ngrowth in a post-COVID world lies in the right solutions and leadership that&#13;<br \/>\ntransform the customer experience. As a future-forward nation that is home to the&#13;<br \/>\nregion&#8217;s leading businesses, brands in Singapore have a golden opportunity to&#13;<br \/>\ntransform to give customers exactly what they want, and when they want it, in a&#13;<br \/>\nfuture that is entirely digital.&#8221; \u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Diverse options, personalised touch<\/b><\/p>\n<p>With digital-savvy consumers turning to e-commerce to&#13;<br \/>\nfulfilling their shopping needs, they are also expecting brands to offer a&#13;<br \/>\ndiversified range of shopping experiences, with personalised options that cater&#13;<br \/>\nto the unique needs of each customer.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Delivery, the last-mile of the shopping experience,&#13;<br \/>\nwas among the most dissatisfied areas for those surveyed, with 82% of Singapore&#13;<br \/>\nconsumers expecting brands to provide timely and accurate delivery options they&#13;<br \/>\ncould trust, but with just over half (59%) saying this was met in reality. The&#13;<br \/>\ndissatisfaction over quality and reliability of delivery services especially&#13;<br \/>\nsignificant for local supermarkets, where just 55% of Singaporeans mentioned&#13;<br \/>\nthey received trustworthy delivery services (vs 80% expectation). <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Proactiveness in engaging customers was another area&#13;<br \/>\ncited as an area of improvement, with just around half of Singapore customers shared&#13;<br \/>\nthat brands are actively updating them on relevant specials and new products (56%),&#13;<br \/>\nis proactive in anticipating their needs and wants (55%), and provides tailored&#13;<br \/>\nsuggestions based on their purchase history and preferences (50%).<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Being intuitive mobile natives, Singapore customers&#13;<br \/>\nalso want brands to provide omnichannel experiences that enable their&#13;<br \/>\nlifestyles, expecting brands to provide them with a network of physical and&#13;<br \/>\nonline stores (76%), have easy to transact options across multiple channels&#13;<br \/>\nsuch as online to in-store (81%), yet still provide a consistent experience&#13;<br \/>\nirrespective of channel (82%). <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Not taking trust for granted<\/b><\/p>\n<p>Having transparency and control over their data and&#13;<br \/>\norders is also a key area brands are falling short on, with Singapore consumers&#13;<br \/>\nhighlighting shortfalls in having full transparency over how their personal&#13;<br \/>\ndata is being used (35% gap), security of their private data and not sharing it&#13;<br \/>\nwith third parties (33% gap), only obtaining private data from customers to&#13;<br \/>\nserve them better (25% gap), and making it easy to track their orders and&#13;<br \/>\nqueries (23% gap).<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>People, planet and prosperity above profits <\/b><\/p>\n<p>With global warming and climate change are rising to&#13;<br \/>\nthe forefront of agendas, Singapore consumers are increasingly placing greater&#13;<br \/>\nexpectations on brands to go beyond transactional customer interactions, expecting&#13;<br \/>\nbusinesses to actively demonstrate their care and concern for the environment,&#13;<br \/>\ntheir workers, and broader community and society.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Singapore brands fair slightly better than the APAC&#13;<br \/>\naverage on the expectation-experience gap, in the areas of whether brands look&#13;<br \/>\nfor new ways to recycle and reuse products, packaging materials and materials (12%&#13;<br \/>\nvs 18% APAC gap), having specific policies to reduce and report carbon&#13;<br \/>\nemissions (10% vs 14% APAC gap), and having a strong focus on sustainability&#13;<br \/>\nand ethics in sourcing and selling their products (4% vs 10% APAC gap).<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The full report of&#13;<br \/>\nHeart Matters study is available for download here: <a href=\"http:\/\/www.sap.com\/asia\/heartmatters\">www.sap.com\/asia\/heartmatters<\/a>.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Visit the <a href=\"https:\/\/news.sap.com\/\">SAP News Center<\/a>.<b> <\/b>Follow SAP on Twitter at <a href=\"https:\/\/twitter.com\/sapnews\/\"><img style=\"margin-right: 7px;vertical-align: middle;display: inline-block !important;width: 24px;\" src=\"https:\/\/www.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-twitter-1-24.png\"\/>@SAPNews<\/a>.<\/p>\n<p><b>For customers interested in&#13;<br \/>\nlearning more about SAP products:<\/b><\/p>\n<p>&#13;<br \/>\nGlobal Customer Center: +49 180 534-34-24<br \/>&#13;<br \/>\nUnited States Only: 1 (800) 872-1SAP (1-800-872-1727)<\/p>\n<\/p><\/div>\n<p><script async src=\"http:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-05-12\/77630\/singapore-brands-lag-in-winning-hearts-of-consumers-as-customer-experiences-fall-short-of-expectations\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211;\u00a0Media OutReach\u00a0-&#13; 12 May 2021\u00a0&#8211;\u00a0Instead of bringing&#13; businesses closer to their customers, Singapore&#8217;s digital pivot last year has&#13; in fact widened the gap between what consumers expect of brands, and what&#13; businesses actually deliver. According to the new &#8216;Heart Matters&#8217; study announced by SAP SE (NYSE: SAP), Singapore&#8217;s consumers find that businesses&#13; fall short &hellip;<\/p>\n","protected":false},"author":1,"featured_media":11308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14618"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14618"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/11308"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}