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Why listening to customers matters in a recession

Thematic

Think surveys, posts on social media, online reviews and chat logs. During the 2008 recession, Starbucks came under threat. This re-focus of strategy saved them as a brand and was an onramp to more CX innovation - which tripled their annual revenue in 2010. Let's look at Target during the 2008 recession.

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CX Success Stories – HOLT CAT

Daniel Group

They are fantastic young people who have brought a lot of innovation and energy into the industry and into our company. So, for some context, I joined Holt in 2008, January of 2008. ” Back then in 2008, we did some studies and we quickly came to the realization that the large customers, fantastic.

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Elevate growth with a customer service chatbot

BirdEye

A great example is an AI chatbot that takes on customer support duties via an organization’s mobile app, website, or social media channels. Conversational AI chatbots: These advanced chatbots use natural language processing (NLP) along with innovative machine learning to interpret customer intent.

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The ultimate report on Millennial customers: Gen Y attitudes and their impact on tech, finance, media and other major industries

Alida

Millennials have the sunniest outlook of any generation, despite living through 2008’s Great Recession and facing the threats of climate change. Fifty-eight percent of Millennials turn to Google searches for health and nutrition info; 29 percent turn to social media. The Millennial mood looks good. TWEET THIS STAT ).

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Four Point Plan to get back to Business Post COVID19

Pink Guava

But there is always a silver lining after a doom, and history is the witness that every doom had been a change to start the NEW, be the dotcom, 2008 prime recession or the Great Depression of the 1920s. Strategy or Innovation - How are you doing as a company with your customers and all the stakeholders, included?

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CCaaS Trends: The Evolution of Cloud Contact Centres

Lumoa

This meteoric pace of innovation birthed new and innovative solutions for modern contact centers, finally coming to a crescendo with the advent of artificial intelligence (AI). Live chat software is among the leading contact methods for online customers, with 46% of them preferring it over social media and email.

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Why focusing on CX is key at times of change

Eptica

Showing the speed of change, in 2008 the five largest global companies were PetroChina, Exxon, General Electric, China Mobile and ICBC (China). For deeper insights you need to analyze the many real interactions that your organization has with customers every day, such what they say on email, chat or social media.

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