Business Chief US+CAN Magazine April 2021 | Page 22

FIVE MINS WITH ...

NICOLAS MAECHLER

NICOLAS MAECHLER , SENIOR PARTNER AT MCKINSEY & COMPANY DISCUSSES CURRENT TRENDS IN CUSTOMER EXPERIENCE ( CX )
Q . HOW HAS THE CUSTOMER EXPERIENCE ( CX ) LANDSCAPE CHANGED SINCE THE OUTBREAK OF COVID-19 ?

» The last few years have seen a huge increase in management focus on customer experience ( CX ) for business , which was seen somewhat traditionally as a consumers ’ topic . The impact has been significant as customer experience matters in all industries . Moving from simple annual surveys to real feedback loops , they have started redesigning their operating models to be more customer centric . COVID-19 accelerated this shift : when your industry is at risk , those focusing on their customers come through stronger .

Q . HOW ARE ORGANISATIONS CURRENTLY MANAGING THEIR CUSTOMER EXPERIENCE PERFORMANCE ?

» Companies of all types – airlines , banks , department stores - are still heavily reliant on survey-based tools and feedback loop systems to gather and respond to customer feedback . By touching 5-10 % of your customers , these approaches act as a good temperature check to see how the company is doing . However , it falls short of understanding and proactively addressing what the core of your customers want .

“ IN A DIGITAL-FIRST WORLD , COLLABORATIVE TOOLS , AUTOMATION , AND DATA AND ANALYTICS WILL BE KEY ”
22 April 2021