Since the onset of the pandemic, retailers have been experiencing significant challenges due to the changing needs and habits of consumers. Some of these changes have been a long time coming.
"It’s amazing. COVID has accelerated 10 years of retail trends in just one year," explains Jeff Woodland, Director of Vertical Marketing at Five9.
Two key trends accelerated at the same time.
"One is the trend of brick-and-mortar stores reevaluating how to retain shoppers, as Amazon and other retailers use e-commerce to take a larger and larger portion of their business."
The other trend has to do with technologies that are now mature enough for contact centres to expand their services.
"Some existing technologies were either cost-prohibitive or didn't work as promised, like AI. Fortunately, leaps in innovation occurred, which creates exciting new possibilities. Here is but one example: Retailers can use IVAs and AI-driven chat-bots instead of IVRs. ‘Intelligent Virtual Agents,' as we call them, can help eliminate the wait and offer self-service and call back options. Also, thanks to things like PCI compliant IVAs, shoppers can complete credit card transactions without revealing any personal financial information to a live agent."
The New Front Door to the Business
All of this results in the contact centre covering more stages in the customer journey than used to be the domain of on-premises retailers.
"The post-pandemic customer has fallen in love with the convenience of shopping from home, and retailers must bend towards them and meet the customers where they want to be met. We're seeing this very clearly now by the success of those retailers who have adapted."
Some retailers that have embraced more digital options have found that the past year has been one of their best years yet.
And when e-commerce is on the rise – so is contact centre activity.
"We saw at Five9 that the average monthly agent minutes had doubled during 2020. This is proof that more conversations that probably would have happened in the store are now happening online. And it's directly related to e-commerce penetration, which went up like a hockey stick once the pandemic restrictions set in."
Balancing Value and Convenience
According to Woodland, the consideration stage of the customer journey, when the client is showing active intent, is the most challenging stage for the contact centre.
"Shoppers navigating by value and convenience remains the same. What's changed is what value and convenience actually mean for the post-pandemic shopper," Woodland notes.

