Singapore – APAC brands stand to reap considerable rewards, with new data from Merkle showing that around 65% of APAC CX leaders who prioritise customer-centricity and use it as a metric for success have witnessed up to a 15% surge in customer retention and loyalty.
The report also notes that a notable 20% of these leaders have experienced even greater improvements. Likewise, APAC CX adopters have enjoyed significant benefits, with 56% seeing a rise of up to 15% in customer retention and loyalty, and 36% witnessing improvements exceeding 15%.
It is also worth noting that successful CX organisations in APAC have well-integrated technology to streamline operations and enhance customer interactions, which is crucial for achieving seamless CX transformations. Moreover, APAC CX leaders are also noted to implement AI-driven CX solutions at a much faster rate than other groups.
Chris Webb, chief operating officer at Merkle APAC, said, “APAC is at the forefront in many aspects of customer experience, showcasing innovative approaches and significant advancements. Brands in this region that are adapting their CX strategies are already seeing remarkable revenue growth, highlighting the immense potential in our markets.”
He added, “While APAC CX Leaders are at the top in terms of CX leadership and principles, our findings also shed light on some areas for improvement. There is much to be done by APAC brands in the adoption of integrated technologies, and to amply prepare for a cookieless future. The need for greater collaboration among APAC CX Leaders as well as cooperation and coordination among departments and stakeholders in the utilisation of integrated technologies is imperative for enabling CX excellence in the APAC region.”
