A winning customer-focused culture isn’t just about plans and methods.
How distributors can set themselves on the right CX path.
Distributors are experiencing a fundamental change in how they engage with customers.
Just over 47% reported significant gains in the second quarter.
Distributors are losing influence with customers.
Companies that focus on Customer Experience often outperform those that do not.
Companies typically start with small customers, grow some of them into large customers, continue to add new small customers and learn a lot from serving all of them.
Some of the best distribution companies have unified the diverse voices that make up a business into one message, both internally and externally. I call this Many Voices, One Message. The idea is a staple of the B-to-C world.
Data points in time indicate a real trend either up or down less than half of the time. By tracking trends, we can do a better job matching our expenses and cost-to-serve with the business, without fuss or emotions.
Ask the best private equity investors, or for that matter, any acquiring company such as chains, vertical convergers or platform investors – even independent distribution acquirers – and they will tell you that human capital – leadership and management – is a key factor to consider in any investment opportunity.