2019 Canadian Consumer Insights Survey

Return on experience is a metric businesses can’t ignore

From retail to health care, consumers are more demanding than ever. In this consumer-driven market, it’s time for a new metric to measure success.

Customer experience and employee experience

Most, if not all, businesses use return on investment (ROI) to do this, but return on experience (ROX) probably isn’t as familiar. Our Global Consumer Insights Survey 2019 (GCIS) found that measuring ROX will help companies understand the return they’re getting on an investment made into parts of the organization directly related to how consumers interact with their brand. Because consumers are so discerning, most organizations need to invest far more in customer experience (CX) than what’s being done now.

CX and employee experience (EX) are pivotal to the success of any modern enterprise. They can be the main differentiator between those who disrupt their competitors and those who are disrupted by them. The Digital IQ—Canadian insights report revealed that of the top financially performing organizations, 91% globally had an executive in charge of EX, compared with 74% in Canada.
 

Six imperatives for improving ROX


Fuse CX and EX: customer experience exists in a feedback loop with employee experience.

Convey shared values: fusing CX and EX is easier when the two groups share the same values associated with a particular brand or organization.

Find ‘magic moments’: focus on ‘magic moments’ with customers to create loyalty and build a relationship over time.

Understand customers: use proprietary data to gain valuable insights into customer behaviour to offer personalization.

Treat data respectfully: customers will take their business elsewhere if they feel a company is not protecting their data.

Win the trip: understand what customers are trying to experience and make it easier for them to do that with ease of navigation on your website, breadth and quality of selection, price, quality of advice and exclusivity.

 

Explore the Canadian consumer insights

We heard from 1,000 Canadians for this year’s Consumer Insights Survey (CIS). They weighed in across a number of ways they engage with brands and about what’s important to their consumer journey. What stood out to us is what they told us as being important to their experience in retail, smart tech and health care. We then analyzed the data, and below we offer our insights into shifting consumer demands and what businesses can do to enhance their ROX.

Shifting consumer demands in grocery

Micro-trips in-store are the new norm

Learn more
 

The rise of voice enabled tech 

Why type it when you can say it

Learn more
 

Bringing health care online

Digital access helps deliver patient-driven health care

Learn more
 

Contact us

Myles Gooding

National Retail & Consumer Lead, PwC Canada

Tel: +1 416 687 8598

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