wordpress-seo
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By Doug Stephens<\/p>\n
In 2009 Procter & Gamble began briefing its agencies on, what was at the time, a completely different and somewhat radical marketing strategy. They called it \u201cstore-back\u201d. \u00a0Put simply, store-back was the belief that if a marketing idea of any kind couldn\u2019t translate to, and be effective in the store, it simply wasn’t worth pursuing.\u00a0 Effective marketing budgets, P&G maintained, needed to be spent not on broadcasting to nebulous consumer segments<\/em> but instead focused keenly on shoppers<\/em> as they travelled along the path to purchase.<\/p>\n The shift in strategy was a clear sign to the marketing world that P&G regarded the store shelf\u00a0 – not mass media – as the only retail battleground that truly mattered. \u00a0It was also the move that initiated our modern concept of shopper marketing<\/i>.<\/p>\n Now, however, it seems clear that we’re embarking on a new era of shopping in which technology could render much of the store-back strategy an anachronism.\u00a0 Because if we accept, for example, Unilever\u2019s definition of shopper marketing, which is to “focus on the process that takes place between that first thought the consumer has about purchasing an item, all the way through the selection of that item\u201d we have to ask the questions;\u00a0what if the consumer no longer has to think about or select the item at all? What if that selection is largely done for them by technology?<\/b><\/em><\/p>\n <\/p>\n <\/p>\n There are currently about 15 billion connected devices on the planet.\u00a0 These are mostly the sorts things we\u2019re very familiar with and use every day \u2013 our laptops, smartphones, security systems etc. <\/b>Within 10 years, however, that number is expected to exceed 50 billion and will comprise a host of devices that are capable of providing us with information we never imagined, such as pills we ingest<\/a><\/b> that can communicate medical information to our health care providers, \u00a0athletic clothing fabrics that are able to monitor our body\u2019s vital statistics and a universe of micro-sensors that are able to track everything from the inventory in our refrigerator to the tread depth of our tires.<\/p>\n Each of these connected devices will, in essence, become a new consumer<\/i>, capable of formulating recommendations about what needs to be purchased, when, from whom and even for how much.\u00a0 In other words, these devices will form a layer of artificial intelligence that will manage our routine, daily product needs.<\/p>\n <\/p>\n <\/p>\n <\/p>\n Amazon\u2019s recent introduction of what it calls Dash Buttons hints at this inevitable future.\u00a0 Dash Buttons are small, branded bluetooth-enabled devices, preset to order a particular product from Amazon when activated.\u00a0 Place a Tide detergent button in your laundry room, for example, and when you need more Tide, simply push the button and it\u2019s ordered, billed to a Prime account and shipped.<\/p>\nShopping On The Internet of Everything<\/b><\/h2>\n
\u00a0The End Of Commodity Shopping<\/h2>\n
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