What do recent supply chain disruptions mean for marketing?

/0 Comments/in , /by
Photo by william william on Unsplash

Widespread backlogs in the global supply chain are becoming a serious hindrance in retail cycles. Surplus demand from consumers returning to pre-pandemic purchasing levels is causing backlogs in production, culminating in substantial shortages. Shipment delays have exposed bottlenecks in the global supply chain. Port congestion and unusually long waiting times for docking is largely symptomatic of the predominant issues in the modern-day supply chain, or supply web as referred to by researchers. Marketing departments are now in desperate straits, unable to market inventory they do not yet have access to. Given the stakes, it’s important marketers are well-equipped to weather the storm for the foreseeable future. Here’s what you, the ever-aspiring marketer, need to know to stay ahead of the curve:

How has this happened? 

The global supply chain crisis boils down to surprising resurgence in consumer demand. Producers, inundated with excess [and unanticipated] demand, encountered shortages in inputs, freighters faced port congestion, and soaring shipping prices. Long-term supply-chain management and distribution channel solutions aren’t typically devised overnight. And though we are in dire need of developments in this domain, immediate fixes from adjacent areas in the marketing value chain make for, arguably, the more pragmatic approach in the short-term until true distribution solutions are born.

 What can marketing do? 

Dynamic shifts in consumer demand make for a challenging assessment of current demand trajectories. Truth be told, there are no real benchmarks for demand in scenarios comparable to the pandemic. Nonetheless, there are two strategies marketers may deploy: AI analytics, and pre-meditated promotions. 

By utilizing artificial intelligence and machine learning technology, predictive analysis of consumer demand trends may be significantly enhanced, in terms of precision and reliability as the unpredictability reigns supreme in a post-pandemic transitionary period. 

Early promotions constitute the second strategy. The holiday season is soon approaching, so too are the countless sales and promotional runs. To prepare for a further surge in demand towards the end of November, holiday season promotions may be advertised prematurely during November. Scarce inventory is carefully dissolved, along with advancing the company’s understanding of near-future demand prospects through pre-orders. 

InsightzClub is uniquely positioned to provide its clients with actionable and intelligent insights, based off AI analytics. Reach out to us and find out how you can always stay three steps ahead of the curve.  

3 things you need to know about video streaming preferences in SEA

/0 Comments/in , /by

Introduction

How many hours have you spent on your video streaming service of choice? The pandemic has kept many people largely to the confines of their houses, even rooms. Reports indicate that the video streaming market worth skyrocketed to $71.5 billion in 2021. We at InsightzClub, a tech-based, regional market research start-up, set out to identify key consumer metrics in South East Asia with respect to video streaming. Here are 3 things you need to know!

YouTube reigns supreme

Undoubtedly, YouTube captures the largest market share, as InsightzClub identified close to 88% of consumers in South East Asia often used the app. The sheer variety in both content and content creators, along with no subscription fee explain the firm lead YouTube holds in the video streaming market. Netflix comes in a distant second at 20%. In line with subsequent analysis, pricing was the most significant determinant of a consumer’s chosen video streaming service.

Budget and accessibility first, content second

Respondents were most swayed by free and/or low subscription fees – a combined total of 51% of collected responses. Accessibility, or the availability of subtitles, were a surprise finding for us at InsightzClub. One third of participants indicated a preference for video streaming services with subtitles. This may point to an increasing affinity for foreign content among South East Asian residents. Slow streaming and constant buffering can quickly become frustrating for new subscribers. Per our analysis, video buffering issues was a major deterrent for close to 20% of respondents.

One hour of weekly video streaming at least

We now spend an increasing amount of time at home, impeded from outdoor activities and casual shopping adventures. Streaming your favourite shows or tuning in to YouTube ‘How to?’ videos has become the pastime of choice for many amidst the pandemic. InsightzClub’s participants affirmed this notion, where 83% of individuals spent at least one hour streaming content on their favourite service. 

InsightzClub is a tech consumer  insights firm with multiple consumer insights solutions using active and passive data.

To know more about InsightzClub and our solutions to understand consumer behaviour reach out to InsightzClub.

Click to explore data