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How The Circular Economy Runs Circles Around Reckless Consumerism

Sustainability

How The Circular Economy Runs Circles Around Reckless Consumerism

In a world where reckless consumerism and a “take, make, and dispose” mindset dominate, understanding the importance of the circular economy is more vital than ever. Discover the principles of the circular economy and why reliable product information is essential for its success. Plus, learn how adopting a circular approach not only minimizes environmental impact and conserves resources but also drives innovation, resilience, and customer trust.

Most of us have experienced moments where we’ve tossed an item after its use or misplaced it and quickly bought a replacement. It’s a common habit, often tucked away as an afterthought.

If that sounds familiar, you’re not alone.

While it may feel harmless in the moment, the reality is that these patterns can have lasting consequences when they become routine. Small habits, like frequently replacing or discarding items, contribute to a culture of reckless consumerism—a mindset that amplifies waste and poses serious risks to both people and the environment.

Fast fashion perfectly embodies this disposable culture. Its name reflects the rapid production and distribution of trendy clothing sold at low prices, making it easier for consumers to purchase and discard their old ones. The accelerated changes in the global industry are driven to meet consumer demand, failing to show a regard for quality but instead prioritizing quantity. According to Business Insider, the fashion industry consists of 10% of global carbon emissions, and microplastics are predicted to make up to 31% of plastic pollution in the ocean.

Along with fast fashion, ‘serial returners’ also ramp up overconsumption. The witty term refers to customers who purposefully buy more products than they need with the aim of returning a number of them. Besides mounting more waste, this practice contributes to raising emissions as sending back products requires more transportation, which doubles the amount of Co2 emissions. 

So what is the solution to this overarching problem?

The circular economy! This economic structure helps victims of excessive materialism by reducing damage to the environment and providing customers with a place to purchase second-hand, high quality products.

What is the Circular Economy?

The circular economy refers to a business model that aims to minimize waste by reusing, repairing, refurbishing, and recycling products, materials, and resources. It contrasts against the traditional linear economy, which promotes the taking, making, and disposing of products.

At its heart, the circular economy redefines our approach to consumption and production, making it more sustainable and mindful of the planet’s resources. This framework is built on three guiding principles that work together to drive positive change:

1. Eliminate waste and pollution

The circular economy turns the traditional model on its head by focusing on designing products and systems that maximize resource use and minimize waste from the outset.

It combats the flaw of the linear system in which products are designed in a way that they can’t be recycled or reused, forcing the end of their journey to be disposed of as waste.

2. Circulate products and materials

In a circular economy, products are designed for durability, reuse, and recycling to keep them circulating within the economy rather than ending up directly in a landfill. This could be done through business models that focus on sharing a product between many users, or a refurbishment service dedicated to sprucing up old items. Companies and consumers alike benefit from this principle, as it supports sustainable business practices while fostering more responsible consumer habits and ensuring consumers are getting the most out of a product that they pay for. 

3. Regenerate nature

A truly circular economy not only seeks to minimize harm but actively works to improve the environment. By integrating nature-focused practices into product and consumption cycles, like using renewable energy in manufacturing processes or contributing to organizations that offset carbon emissions, organizations can build a system that sustains both people and the planet without sacrificing product quality.

The Product Experience Revolution

Why is the Circular Economy Important?

The circular economy is a more sustainable alternative to the traditional model because of its ability to reduce waste and pollution by extending the lifecycle of products, encouraging recycling or reselling, and implementing waste reduction strategies. 

Product longevity has a positive impact on the environment, even more so as it plays a central role in the circular economy. A product’s lifespan is extended by its durability, allowing it to last longer than one cheaply made. A well-crafted product encourages consumers to shop mindfully, which in itself is cost-effective. When consumers shift their mindset from quantity to quality, return rates steadily decline which lowers the carbon footprint of transportation.

Plus, by creating a system that prioritizes durability, reuse, and recycling, businesses can become more resilient to supply chain disruptions and resource scarcity. This resilience is crucial in a world where supply chains are increasingly vulnerable due to climate change, geopolitical tensions, economic shifts, and changes in legislation.

The circular economy also fosters economic growth and job creation by opening new opportunities in areas like resource recovery, repair services, and recycling industries. These sectors can contribute significantly to local economies while promoting sustainable development. On a larger scale, the shift to a circular model supports environmental sustainability by reducing the overall demand for resource extraction, thus helping to preserve ecosystems and biodiversity.

The Circular Economy & Product Information

In order to successfully execute the circular model, businesses need to prioritize creating a foundation of reliable, consistent product information. Why? A core principle of the circular economy is the continuous circulation of products and materials, which requires accurate data on availability, quality, and lifecycle. This data allows businesses to track and manage resources effectively, ensuring that materials are reused, refurbished, or recycled properly. Without dependable information, resource management becomes inconsistent, leading to inefficiencies and waste.

Additionally, reliable information supports product design and innovation. Designers need access to detailed insights about sustainable and durable materials and the processes for disassembly and repurposing. This enables the creation of products that align with circular economy principles and minimize waste. 

Trust and transparency among stakeholders—manufacturers, suppliers, retailers, and consumers—are also built on reliable information, as well as effective reverse logistics, which involves moving products back through the supply chain for reuse or recycling. Incomplete or outdated information can cause logistical challenges, increased expenses, and wasted resources.

Reliable information is the backbone of the circular economy as it can facilitate efficient resource management, innovative product design, transparency, and consumer engagement. Without accurate and dependable data, the effectiveness of the circular economy diminishes, leading to missed opportunities to reduce waste and maximize resource value.

And to have trustworthy data, you need a trustworthy Product Information Management (PIM) solution.

PIM allows businesses to store, centralize, manage, and enrich product data whilst acting as a single source of truth, ensuring accuracy and completeness, and providing customers with correct information.

The Sustainable, Circular Future

The traditional ‘take, make, and waste’ model brings a lot of distress to the ecosystem, contributing to major environmental issues such as landfills and carbon emissions, and hinders the customer experience by encouraging reckless consumption.

By keeping resources, products, and materials in rotation and designing products for longevity, reuse, and repair, the circular economy minimizes waste and environmental impact, reduces the need for raw materials, lowers production costs, and benefits businesses and consumers by elevating the customer experience. And by being more eco-conscious, businesses can adopt better practices that help build a trusting relationship with consumers who favor sustainability, building an advantage over their competitors who fail to apply the same practices and principles.

Shifting from a linear to a circular mindset contributes to a healthier planet while achieving long-term profitability and customer satisfaction, ultimately paving the way for a sustainable future where economic growth and environmental stewardship go hand in hand.

The PX Revolution

Discover the latest shift in consumer behavior, and learn how your organization can combat reckless consumerism with an enhanced product experience.

Venus Kamara, Content Marketing Intern

Akeneo

A Complete Guide to Natasha’s Law

Regulation Compliance

A Complete Guide to Natasha’s Law

Understand the impact of Natasha’s Law on food manufacturers, retailers, and brands, and how centralizing product information into a PIM can enable businesses to comply with Natasha’s Law without requiring a significant investment in new resources or increasing the workload on existing product information teams. Plus, we’ll dive into how organizations can utilize this piece of legislation to safeguard their customers’ health, reduce risk, and provide a better overall customer experience.

In the realm of food safety and consumer rights, few pieces of legislation have made as significant an impact as Natasha’s Law.
 
Introduced in the United Kingdom in 2021, Natasha’s Law plays a foundational role in protecting individuals with food allergies, reshaping the landscape of food labeling regulations, and changing the way businesses handle information about their products’ contents.

Though the law now works to safeguard vulnerable individuals, its genesis is rooted in a truly tragic event. Natasha Ednan-Laperouse, a young woman with a severe sesame allergy, suffered a fatal allergic reaction after consuming a baguette purchased from a local food chain that contained sesame seeds but failed to mention the presence of an allergen on the packaging.

Prior to this event, businesses did not have to individually label full ingredient lists onto freshly made and pre-packaged foods in the UK. Though a heartbreaking event, Natasha’s passing illuminated a significant gap in food labeling regulations, and led to the introduction and enactment of what is now known as Natasha’s Law. 

What is Natasha’s Law?

Natasha’s Law increased food labeling regulations, requiring that full ingredient and allergen labeling be included on pre-packaged for direct sale (PPDS) food. Specifically, allergens must be highlighted on the label, making them easy to spot. By putting these regulations in place, the law seeks to arm consumers with all of the necessary information to make safe and informed choices, reducing the risk of adverse health effects caused by undisclosed ingredients.

What is PPDS food? 

PPDS stands for pre-packaged for direct sale, and refers to foods that are packaged at the same place they are sold to consumers and are in this packaging before being ordered. These foods are prepared on-site, ahead of time, and packaged ready for sale. 

PPDS food can cover a wide range of items, such as sandwiches prepared on-site and packaged for sale, boxed salads in refrigerated units, or bakery items like muffins, cookies, or breads pre-packaged in the store. Essentially, if the food is packaged on-location before a customer orders it, it’s considered PPDS food.

Who’s affected by Natasha’s Law? 

Primarily, Natasha’s Law impacts food manufacturers, retailers, and brands in the UK.

  • Food manufacturers: Prior to the law, manufacturers were not required to list full ingredients on PPDS food. Now, manufacturers must have detailed systems in place to accurately label all ingredients and allergens on their pre-packaged food. Not only does this involve a careful audit of all ingredients, but it also means that manufacturers need to keep these records up-to-date and accurate in the event of any changes to their products’ ingredients. Failure to comply has major consequences, including significant fines.
  • Retailers: Retailers of all sizes, from large supermarkets to small corner shops, cafes, and even vending businesses that sell PPDS food must comply with Natasha’s Law. This means retailers must closely collaborate with their suppliers to ensure that the information they receive is accurate and up-to-date. Having the right tools in place to gather and organize this information from suppliers is critical. 
  • Brands: Brands in the food sector also need to ensure that any pre-packaged foods they produce are fully compliant with Natasha’s Law.

Essentially, any food business that prepares and sells prepackaged food directly to consumers in the UK is affected by Natasha’s Law.

What’s required by Natasha’s Law?

Natasha’s Law requires full ingredient and allergen labeling on all PPDS foods. This means every ingredient used in the food must be listed, and the 14 allergens specified by the EU Food Information for Consumers Regulation must be highlighted in some way, such as with bolded, italicized, or differently colored text. The 14 allergens that must be emphasized are:

  • Celery
  • Cereals containing gluten (e.g. barley and oats)
  • Crustaceans (e.g. prawns, crabs and lobsters)
  • Eggs
  • Fish
  • Lupin
  • Milk
  • Molluscs (e.g. mussels and oysters)
  • Mustard
  • Peanuts
  • Sesame
  • Soybeans
  • Sulfur dioxide and sulphites (if they are concentrated at more than ten parts per million)
  • Tree nuts (e.g. almonds, hazelnuts, walnuts, brazil nuts, cashews, etc.)

Utilize PIM to Ensure Compliance with Natasha’s Law

Managing complex ingredient lists and allergen data across a variety of pre-packaged products can be incredibly difficult, but it’s crucial for businesses to successfully do so, not just for compliance with Natasha’s Law, but for the safety of consumers.

That’s where a Product Information Management (PIM) solution can help. PIM systems act as a central hub for all product data, providing a single source of truth for businesses. They allow you to manage, organize, update, and distribute large amounts of data across a variety of products quickly, easily, and accurately, which makes a PIM system the perfect tool for Natasha’s Law compliance. Businesses can easily record every ingredient for every product, as well as any allergens they may contain. The system can even be configured to automatically highlight the 14 required allergens, reducing the burden on product teams while also ensuring they’re clearly flagged for consumers.

A PIM system also helps with accuracy. Recipes often change, whether because of a new supplier, reformulation, supply chain shortages, or a myriad of other causes. Whenever an ingredient changes, that information can be updated in the PIM system and quickly reflected across all products. This eliminates the need for manual updates, reducing the risk of errors which could have serious consequences.

For retailers working with a variety of suppliers, a PIM system can seriously reduce workload, errors, and time spent chasing critical ingredient information. Suppliers can provide their product data in a format that can be easily imported into your PIM system. This allows you to manage all product data centrally, ensure it’s compliant, and distribute it quickly and efficiently to all necessary channels.

While Natasha’s Law introduces stricter regulations for food manufacturers, retailers, and brands, it’s a crucial step in protecting consumers and providing them with the information they need to make safe choices. Centralizing product information into a PIM allows businesses to comply with Natasha’s Law without requiring a significant investment in new resources or increasing the workload on existing product information teams. By understanding the law and leveraging the right tools, businesses can ensure compliance, reduce risks, and most importantly, safeguard their customers’ health. 

Are you ready to take the next step?

Our Akeneo Experts are here to answer all the questions you might have about our products and help you to move forward on your PX journey.

Casey Paxton, Content Marketing Manager

Akeneo

The Downfall of Digital?

eCommerce

The Downfall of Digital?

As shoppers increasingly seek a blend of digital convenience and in-person connection, the retail landscape is evolving into a hybrid model where online and brick-and-mortar experiences intersect. Discover why consumers are gravitating back to stores, the essential role of digital in today’s shopping journeys, and how brands can succeed by developing an omnichannel strategy.

There are only a handful of indisputable facts in our universe:

The Earth orbits the sun, energy cannot be created or destroyed, and the COVID-19 pandemic caused a massive boost in eCommerce. 

Overall eCommerce revenue grew nearly 20% in 2020 after the pandemic hit the globe, and a study done at Adobe found that revenue from online sales jumped up by $52 billion in the months following the initial lockdown orders.

However, as the world has opened back up in the past few years, we’re seeing a recalibration in consumer habits. A recent survey conducted here by Akeneo showed that 93% of shoppers plan to mix both online and in-store shopping experiences this holiday season, pointing to a new normal: hybrid shopping. 

This trend is especially prominent among Gen Z, with 64% of Gen Z shoppers preferring to shop in physical stores rather than online. Why, after such a heavy shift toward digital, are people now gravitating back to in-person experiences? The answer lies in the value of experience, human connection, and a desire for community impact.

Why Shoppers are Returning to In-Person Experiences

The popularity of eCommerce is due, in large part, to the convenience it can offer; the ability to browse, click, and buy without leaving home opened up a world of ease that proved essential for when people weren’t leaving their homes for days or even weeks at a time. 

Yet, as online shopping becomes widely accessible, convenience becomes less of a differentiator.  With most businesses able to facilitate convenient online purchasing, customers are increasingly looking beyond ease of access when deciding where to spend their money. Instead, they seek differentiated shopping experiences that align with their values, preferences, and expectations.

Plus, many consumers simply crave that human connection. While algorithms and virtual assistants have made online shopping efficient, they lack the warmth and personalization that an in-store expert can offer. Many consumers miss the ability to ask a knowledgeable associate about a product, test items firsthand, or simply enjoy the sensory experience of shopping in a physical environment. A digital recommendation engine can suggest products based on past purchases, but it doesn’t replace the trust that comes from speaking directly to a real person.

In-person shopping also supports local economies. Many consumers are increasingly aware of the impact of their purchases and the environmental effects of shipping and returns; by shopping locally, they can reduce the carbon footprint associated with online order shipping. This growing consciousness around sustainability is a powerful motivator, encouraging consumers to seek out stores that contribute positively to their communities.

3 Trends for the 2024 Holiday Shopping Season

Digital Commerce is Still Essential

Let us be clear: the resurgence of in-person shopping does not mean the death of digital.

While the appeal of in-person shopping is undeniable, the online landscape provides convenience, comparison tools, and a vast selection, making it indispensable for consumers with specific needs, tight schedules, or limited access to stores. 

One area where digital remains especially critical is in B2B commerce. While B2C brands have embraced omnichannel shopping experiences, the B2B industry is still in the early stages of digital transformation. However, as more B2B buyers—many of whom are accustomed to the ease of B2C eCommerce—begin to expect similarly accessible and informative online experiences, B2B brands must prioritize digital channels in order to provide a streamlined buying journey that accommodates online research, live consultations, and efficient ordering processes.

For both B2B and B2C organizations, the key is blending the strengths of both channels into a seamless experience.

The Future is Omnichannel

As the line between physical and digital commerce continues to blur, brands must evolve their approach to provide a flexible, consistent shopping experience across channels. 

But delivering accurate, compelling product information across all sales channels isn’t easy; from imagery and descriptions to availability and price, every product detail needs to be accessible at each touchpoint. If a customer views a product on a mobile app, they should receive the same data, insights, and specifications as if they were viewing it in-store. This consistency builds trust, a crucial element for successful omnichannel experiences.

For brands, developing a robust omnichannel strategy means more than just maintaining both digital and physical storefronts. At the core, omnichannel success starts with a centralized product record that provides accurate, up-to-date information across all channels. This product information management (PIM) system serves as a single source of truth, allowing brands to manage and distribute product data consistently, whether on a website, a social media platform, or an in-store tablet. With a single, integrated view of product data, retailers can manage and optimize their omnichannel offerings efficiently. 

Building Long-Term, Omnichannel Success

Don’t think of the shift back to in-person shopping as a rejection of digital, but rather it’s a call for greater integration between channels. Today’s consumers expect the flexibility to choose how, when, and where they shop, often blending both physical and digital experiences. By investing in an omnichannel strategy that begins with accurate, accessible product data, brands can deliver the kind of hybrid experiences that keep customers engaged, satisfied, and loyal. 

The future of retail is about creating meaningful, connected experiences that reflect the way consumers live, shop, and engage with brands today. Whether through a centralized product record or a commitment to consistent and engaging experiences across touchpoints, the brands that will thrive are those that prioritize flexibility, accessibility, and authenticity. By delivering the convenience of digital along with the rich, human experiences of brick-and-mortar, businesses can build lasting trust and loyalty in this new era of shopping.

Holiday Shopping Season Guide

From omnichannel optimization to sustainability-driven purchases, discover how to maximize holiday sales and minimize the dreaded post-holiday return season.

Nate Roy, Director of Brand & Content

Constructor

Conversations with a CFO: Tech Investments in Tough Times

Technology

Conversations with a CFO: Tech Investments in Tough Times

During economic uncertainty, should businesses cut costs or invest wisely in new technology? We spoke with Akeneo CFO Nadine Pichelot to gain her insights on making savvy tech investments when budgets are constrained. Learn how smart tech choices today can fuel tomorrow’s success.

Investing in technology during tough economic times can be a daunting decision for many companies. When budgets are tight, businesses are often more focused on cutting costs and maximizing the potential of existing resources rather than venturing into new expenditures. 

But what happens when a team proposes an investment into new technology during an economic downturn? Should companies tighten their belts, or could this be the right moment to spend strategically?

We recently sat down with the CFO here at Akeneo, Nadine Pichelot, and spoke about how to make decisions around investing in tech when companies are trying to not spend as much money and make use of what they currently have. Below, we’ve outlined a few steps that can guide financial leaders in making informed, strategic choices about their tech stack.

1. Talk to business users

The first step in evaluating a new technology investment is to talk with the business users requesting it. According to Pichelot, making a smart tech investment decision hinges on understanding both the financial and non-financial return on investment (ROI). She suggests leaders ask two key questions: “What are the risks if we don’t invest?” and “What are the consequences of delaying this investment?” Recognizing the impact of not investing can uncover hidden costs; while delaying might ease short-term cash flow, it could also hinder long-term growth and innovation. Missed opportunities for efficiency gains or competitive advantages often don’t show up directly on a balance sheet.

Sustainability metrics are becoming increasingly essential to the ROI equation with legislation such as the Corporate Sustainability Reporting Directive (CSRD) mandating more transparency in sustainability efforts.

It’s tempting to think about saving by not investing, but assessing the software provider, the product’s value, and the potential impact of non-investment can guide better decisions. Setting both short-term and long-term KPIs to measure the effects can also be beneficial.

Nadine Pichelot Chief Financial Officer (CFO)

Akeneo

2. Evaluate the existing tech stack

Before making a new purchase, Pichelot recommends that companies carefully assess their existing tech stack. “Often,” she notes, “there are already tools available that can meet the needs without incurring extra costs. It’s essential to ask: Do we already have a solution that could do the job?

This can mean reviewing current tools that may be underutilized or have features that could be expanded upon. Sometimes, the proposed investment is a replacement for outdated software, which can be easier to justify, but in cases where it’s an entirely new addition to the tech ecosystem, extra diligence is sometimes required to understand why the current solutions aren’t sufficient and whether the problem lies in the tools themselves or in how they are being used.

Teams should not only understand the limitations of their current tech stack but also thoroughly investigate whether the new software genuinely offers a significant advantage. Are the problems truly caused by the limitations of the current system, or is there a more efficient way to use what’s already in place?

Every company should maintain a comprehensive inventory of all the software they use. In many cases, software management is decentralized—departments with budget authority often make purchases independently, bypassing the CFO. Having full visibility into these obligations is crucial; you can’t manage what you don’t know exists.

Nadine Pichelot Chief Financial Officer (CFO)

Akeneo

3. Evaluate the requested software

After reviewing the business case and evaluating the current tech stack, the next step is a closer examination of the proposed software. Pichelot emphasizes the importance of future-proofing by ensuring any new software integrates well with the existing tech ecosystem.

“Many tech stacks accumulate ad hoc tools,” Pichelot explained, “but when integration is challenging or impossible, it often leads to further complications.” A tool that doesn’t work in harmony with other systems may not deliver its full value, especially as a business scales or adds new solutions.

To gain a realistic perspective on a software’s potential, Pichelot suggests speaking directly with its users. “It’s essential to talk with those who have firsthand experience with the tool,” she advised. “Get their candid insights on the benefits they’ve realized and the challenges it’s resolved.”

This feedback provides valuable information beyond sales pitches, giving insight into real-world use cases and helping you determine if the software effectively addresses the issues it claims to solve.

Strategic Decision-Making in Tough Times

Deciding whether to invest in technology during an economic downturn is rarely straightforward. Sometimes, investing for long-term benefits is the right choice; other times, it’s better to optimize the value of existing resources.

As Pichelot recommends, a balanced approach includes assessing the ROI of potential investments, considering the opportunity cost of holding back, and thoroughly understanding your current tech stack to ensure any new software integrates well with existing tools. In uncertain times, it may be tempting to avoid new expenses altogether, but strategic, well-informed tech investments can be crucial to emerging stronger. By aligning investments with business needs, evaluating the risks of delay, and ensuring compatibility with current tools, companies can make smart decisions that set them up for both immediate and future success.

Understand your current situation and establish a solid procurement process that avoids excessive centralization. While there may be some challenging work ahead, thorough budgeting and preparation will make it worthwhile in the long run.

Nadine Pichelot Chief Financial Officer (CFO)

Akeneo

Casey Paxton, Content Marketing Manager

Akeneo

Balancing Sustainability and Profitability

Sustainability

Balancing Sustainability and Profitability

As consumer demand for sustainability surges and regulations tighten, businesses face the challenge of integrating eco-friendly practices without sacrificing profitability. Discover how two pioneering companies have successfully woven sustainability into their core strategies. From educating consumers to innovating product design, these brands offer a powerful blueprint for navigating today’s sustainability-driven marketplace.

If you’ve ever thought about where your clothes come from or what impact your everyday purchases have on the planet, you’re not alone. 

More and more, people want to support brands that care about the environment as much as they do. And with governments tightening regulations, businesses are under pressure to get serious about sustainability and rethink their strategies. The challenge, however, lies in balancing these sustainability efforts with profitability—a task that requires innovation, education, and a deep commitment to ethical practices.

We had the privilege of hearing from two forward-thinking companies, Asket and Pilot, who have not only met this challenge but turned it into a strength. Their journeys provide valuable lessons on how to weave sustainability into the fabric of a business while staying true to their mission and values.

 

Asket: Empowering Consumers for a More Sustainable Fashion Future

Asket, a Swedish clothing brand, has sustainability deeply ingrained in its DNA. Unlike traditional fashion brands that produce multiple collections each year, Asket offers a permanent collection of carefully designed garments, an approach that minimizes waste and encourages consumers to invest in high-quality pieces that last.

During our discussion, Vidar Trojenborg, the Head of Technology and Data at Asket, highlighted the importance of transparency and consumer education in driving sustainability: “When we set out to change the fashion industry, we realized that in order for our customers to appreciate the true value and cost of producing a garment, we needed to bring them along on the journey,” he said. 

One of the key strategies Asket employs is educating customers about the environmental footprint of their purchases through detailed product pages that include each garment’s complete cost breakdown and environmental impact. By emphasizing quality over quantity, Asket encourages customers to make more thoughtful, sustainable choices.

Pilot: A Legacy of Innovation in Sustainability

Pilot, a company with over a century of history producing and selling writing utensils, has also made sustainability a core focus. The brand’s environmental strategy, known as the “4R Approach” (Refill, Reduce, Reclaim, Recycle) demonstrates its commitment to minimizing its environmental impact.

Julien Barabant, Pilot’s Brand & Digital Manager in Europe, explained the significance of their sustainability initiatives. “Since 2006, we have favored recycled plastic in the production of our pens. The B Green range is the first in the world made of at least 70% recycled plastic,” he noted.  In an industry dominated by single-use plastics, Pilot’s initiative not only sets a new standard but also positions them as a leader in sustainable innovation, demonstrating that even traditional products can evolve with a greener mindset.

One of the most impressive aspects of Pilot’s strategy is its dedication to continuously improving its production processes. Julien shared that their bestselling pens, Frixion and G2, now include recycled materials, a significant achievement given the complexities of working with different raw materials.

The Role of Akeneo: Supporting Sustainability with Seamless Product Information Management

As sustainability initiatives become more complex, the need for efficient management of product information across multiple channels and markets grows. This is where Akeneo steps in, providing robust Product Information Management (PIM) solutions that help brands like Asket and Pilot streamline their processes.

For Asket, ensuring transparency and educating consumers about their product’s environmental impact requires managing vast amounts of detailed product information. Akeneo’s PIM system allows Asket to store, organize, and distribute this information effectively, ensuring that every garment’s story is accurately conveyed to the consumer. As Vidar noted, “Before we had a PIM, we stored all of this information in Excel and Google Sheets, which was cumbersome and inefficient. With Akeneo, we can now manage and share product data seamlessly.”

Pilot also benefits from Akeneo’s PIM solution in maintaining consistency across its extensive distribution network. Julien emphasized, “We manage product information in 18 languages and across 26 subsidiaries. Akeneo’s PIM makes it easier for us to provide complete, accurate, and up-to-date product information to all stakeholders, ensuring that our sustainability message is not lost in translation.”

Akeneo not only helps these brands manage their current product information but also supports their future growth and sustainability initiatives. As these companies expand globally, Akeneo’s scalable solutions ensure that their product data remains consistent and accessible, no matter where their products are sold.

The Product Experience Revolution

The Road Ahead: Integrating Sustainability into Business Strategy

Both Asket and Pilot have shown that integrating sustainability into business strategies is possible and can drive innovation and customer loyalty. However, they also acknowledge the challenges that come with this journey.

For Asket, the challenge lies in maintaining transparency and educating consumers about the impact of their choices. As Vidar pointed out, “It’s important to understand that sustainability is a journey. You don’t wake up one day and say, ‘Hey, we are sustainable.’ It takes time and continuous effort.”

Pilot, on the other hand, faces the challenge of ensuring consistent product information across its extensive distribution network. Julien emphasized the importance of empowering subsidiaries and distributors with the right tools and knowledge to support their sustainability goals. “It’s a real challenge to ensure that end users receive complete and fresh information. We must consider every actor in the distribution chain,” he said.

A Collective Effort Toward a Sustainable Future

The experiences of Asket and Pilot highlight the importance of a collective effort in achieving sustainability. Whether it’s through educating consumers, innovating production processes, or ensuring transparency across the supply chain, every step counts.

As businesses continue to navigate the complexities of sustainability and profitability, the lessons from Asket and Pilot offer a roadmap for others to follow. By prioritizing sustainability, companies not only contribute to a better planet but also build stronger, more resilient businesses for the future.

As Vidar aptly put it, “Building to last—both in terms of products and business strategies—requires thinking about the entire lifecycle, from design to production to end-of-life.” It’s a philosophy that all businesses should embrace as they chart their course towards a sustainable future.

Ready to revolutionize your approach to sustainability and product experience? Download our exclusive white paper on the PX Revolution to discover how you can align your business with the latest consumer trends and combat reckless consumerism with enhanced sustainable product experiences. Download now and take the next step towards a more sustainable future for your brand!

The PX Revolution

Discover the latest shift in consumer behavior, and learn how your organization can combat reckless consumerism with an enhanced product experience.

Casey Paxton, Content Marketing Manager

Akeneo

The Season of Saving: Strategies to Win Price-Conscious Shoppers

Holiday Shopping

The Season of Saving: Strategies to Win Price-Conscious Shoppers

Looking to capture the attention of budget-conscious shoppers this holiday season? Discover how you can empower savvy shoppers to make confident, data-driven decisions ahead of the busiest shopping season of the year, all while boosting sales and building lasting customer loyalty.

With the holiday season just around the corner, shoppers are looking for ways to make their money stretch further than ever before. According to a recent survey we conducted on holiday shopping behavior, 80% of consumers indicated they plan to spend the same or less than they did last year.

But price-conscious doesn’t necessarily mean unwilling to spend. Shoppers are still looking for gifts that are meaningful, high quality, and offer real value. By catering to this mindset and offering products and experiences that empower consumers to make confident, data-driven purchasing decisions, you can cut through the holiday noise and win over the value-seekers without sacrificing your bottom line.

4 Ways to Capture the Attention of the Budget-Savvy Shopper

1. Product bundles

One of the most effective ways to appeal to price-conscious shoppers is by offering bundles of items frequently purchased together at a slightly discounted price, tapping into the desire for a good deal without sacrificing quality. If a shopper adds a bottle of your vanilla-scented shampoo to their basket, you can offer them the conditioner of the same scent for 20% off. The consumer gets a deal on a product they’d be interested in trying, or may have needed to purchase eventually, and your haircare brand gets an extra sale.

Product bundles can also help reduce decision fatigue, which can be overwhelming during the holiday rush. By offering pre-selected groupings of items, you can simplify the shopping experience for customers and guide them toward making quicker, more confident purchasing decisions.

Accurate product data is the key to creating bundles that truly resonate with customers. When your product information is detailed, up-to-date, and well-organized, you can identify which items are frequently bought together, their complementary features, and even customer preferences based on past purchases, allowing you to craft bundles that feel relevant and increasing the likelihood of customers taking advantage of the deal.

2. Personalized discounts

Personalization has become a cornerstone of modern retail strategies, and it’s particularly impactful when it comes to offering discounts. By leveraging browsing and shopping behavior data, you can create personalized offers that feel custom-tailored to each shopper’s needs.

If a customer has been browsing your site for winter boots but hasn’t made a purchase, offering a targeted discount on the boots they’ve shown interest in can be the nudge they need to complete their purchase. Or if a shopper has previously purchased a product from a particular category—say, outdoor gear—rewarding their loyalty with a discount code for tents and sleeping bags could hit the mark.

Product and customer data play a pivotal role in the creation of personalized discounts because they allow retailers to move beyond one-size-fits-all promotions and instead deliver targeted, meaningful offers. By leveraging data, retailers can gain insights into individual customer behavior—such as preferred shopping times, product affinities, and buying frequency. This enables them to predict what types of discounts will most effectively drive conversions, maximizing the impact of promotions.

When data is used effectively, personalized discounts feel less like marketing tactics and more like thoughtful gestures that reflect an understanding of the customer’s needs. Instead of overwhelming customers with irrelevant offers, brands and retailers can present tailored discounts at moments when they are most likely to act, such as after a browsing session or just before a purchasing decision.

2024 Holiday Season Guide

3. Supply chain transparency

Despite an overall trend towards price-consciousness, half of U.S. consumers surveyed said they would pay a premium for sustainably sourced products. Incorporating details like the origin of your materials, the ethical practices behind their sourcing, and the sustainability of your manufacturing process gives shoppers the confidence they need to value-based decisions.

As more consumers seek to align their purchases with their values, particularly around environmental and ethical concerns, the depth and clarity of the product information you provide can be the deciding factor in whether they’re willing to pay full price, or even a premium, for your goods.

Consumers are no longer swayed by vague buzzwords like “green” or “eco-friendly”; they want specifics, and product information provides that transparency. Clearly indicating where raw materials are sourced from or disclosing ethical practices involved in the production process adds a layer of credibility to claims of sustainability.

This transparency doesn’t just enhance trust; it also helps price-conscious shoppers see the long-term value of their investment. They can weigh the benefits of buying higher-quality, responsibly sourced items that may last longer and have a lower environmental impact, versus cheaper, less sustainable alternatives.

4. Resale markets

The rise of resale markets has been a game-changer for retailers, offering an opportunity to cater to budget-conscious consumers who are looking for quality goods at a reduced price. Creating a resale section on your website or in-store, where shoppers can purchase previously owned or returned items, can appeal to those who want to save money while still getting access to premium products.

Resale markets can also help you reduce the costs associated with excess inventory and returns. Instead of writing off returned items, you can give them a second life and sell them to shoppers who are excited to snag a good deal!

For resale initiatives to be successful, retailers must have detailed, accessible, and up-to-date information on the condition, specifications, and purchase or repair history of each item being resold in order to accurately classify and categorize these items for sale. Without this data, it becomes difficult to build trust with customers and ensure that the products in the resale market are accurately described, properly valued, and appealing to buyers.

Reliable product data also ensures that retailers can properly manage inventory for the resale market. By maintaining a database of available resale items, along with their condition, origin, and other pertinent details, retailers can streamline the process of updating their website or store with accurate resale options. This level of organization and transparency is essential to scaling resale operations, reducing operational inefficiencies, and delivering a seamless shopping experience to consumers.

2024 Holiday Shopping Season

This holiday season, price-conscious consumers will be looking for more value, not just lower prices. With the right strategies, you can stand out from the competition and delight value-driven shoppers, all while maintaining your margins and boosting sales during this critical shopping season. 

To learn more about the trends impacting the holiday shopping season, you can download the 2024 Holiday Shopping Guide here, complete with expert insights and actionable strategies.

2024 Holiday Shopping Season Guide

From omnichannel optimization to sustainability-driven purchases, discover how to maximize holiday sales and minimize the dreaded post-holiday return season.

Casey Paxton, Content Marketing Manager

Akeneo

How Bensons for Beds Sleeps Easy with Akeneo Product Cloud

Akeneo News

How Bensons for Beds Sleeps Easy with Akeneo Product Cloud

Discover how leading bed retailer Bensons for Beds transformed a product data nightmare into a dream customer experience with Akeneo. Despite facing the challenge of educating consumers on the latest technologies and offerings, Bensons for Beds was able to streamline operations, enrich product information, and accelerate time-to-market, ultimately creating a seamless, omnichannel experience that kept shoppers sleeping happy.

When they’re not helping the public drift into a restful sleep, Bensons for Beds is busy dreaming up ways to elevate their business to greater heights of success.

Founded in 1950, Bensons for Beds has sold a range of beds, mattresses, and bedroom furniture in mainland Britain for over 70 years. Be it at one of their 170+ physical stores or through its website, the UK-based bed retailer has its consumers’ best interests at heart, promising them high-quality products woven with deep attention to their curated sleep journey.

A Product Data Wake-Up Call

Returning to a once-familiar place only to find it completely transformed can feel jarring, like waking up from a dream. It could even be enough to discourage and overwhelm the most loyal customers from making that final purchase. 

The average consumer buys a new mattress every 6-8 years; which means that even the most loyal Bensons for Beds customers often find themselves unfamiliar with the latest sleep technologies, product offerings, and updated features when it’s time for a new purchase. As a result, customers constantly need to be re-educated, which requires vast amounts of high-quality, up-to-date product data that can be seamlessly accessed across all digital and physical channels.

In particular, the Bensons for Beds eCommerce site is where consumers tend to go to research and explore what’s new. It has been referred to as “the bible of information” by Graham Wilson, Director of Digital & Omnichannel at Bensons for Beds. He stated that the eCommerce site is necessary to help customers “narrow down (products) to help with their decision-making process.” 

However, customers were faced with the daunting task of navigating through an extensive and complex catalog of products, each pulling information from various systems and suppliers. This fragmented data created inconsistencies across product listings, leaving customers with an overwhelming and confusing experience as they tried to compare items, understand features, and make informed decisions. Critical details like product descriptions, specifications, and even pricing were incomplete or outdated, making it difficult for customers to trust the information they encountered. Bensons for Beds recognized the need for a unified solution that could consolidate and streamline these data points, ensuring that every product was presented with accurate, enriched information to guide customers through their purchasing decisions effortlessly.

This is where Akeneo’s PIM provided Bensons for Beds with a much-needed pillow of support.

Having that consistent experience between channels is incredibly powerful and helps us create attachment opportunities, which in turn helps drive our average order value (AOV). It also helps build trust between colleagues and customers as ultimately people buy from people, so having content and assets that support and enable those relationships is essential.

Graham Wilson Director of Digital & Omnichannel

Bensons for Beds

Waking Up to a Solution

Striving to advance themselves and streamline their operations, Bensons for Beds chose to partner with Akeneo due to the agility and flexibility our solution fosters – ultimately enhancing customer journeys, both virtual and physical. 

With the help of Akeneo PIM, Bensons for Beds’ products were categorized and given a distinct product experience depending on the product type, ensuring that high-value items were fully enriched with information that strengthened the sales process.

In the PIM, Akeneo’s SKU generator also accelerated the retailer’s time-to-market by speeding up product creation and enabling data enrichment, resulting in products being launched to the public as quickly as possible. And control fields gave Bensons for Beds the freedom to slice and dice information based on what was relevant to the audience, depending on which channel they were viewing it through, improving both SEO visibility and onsite product search. 

Thanks to Akeneo’s user-friendly UI, the Bensons for Beds merchandising team was able to generate new product variations and options without relying on the IT team, empowering them to be more flexible, scalable, and efficient.

A New Dawn

With the help of Akeneo, the Bensons for Beds team can now ensure that accurate product information is reflected on their website, allowing customers access to enriched data wherever and whenever they need it. 

In their journey to provide customers with a seamless and enriched shopping experience, Bensons for Beds has harnessed the power of Akeneo to unify and elevate their product data across every channel. By streamlining the management of complex product information and ensuring consistency between their website and physical stores, they’ve empowered customers with the accurate, up-to-date details they need to make confident purchase decisions that won’t keep them up at night.

Are you ready to take the next step?

Our Akeneo Experts are here to answer all the questions you might have about our products and help you to move forward on your PX journey.

Venus Kamara, Content Marketing Intern

Akeneo

How to Prepare for 2024 Black Friday & Cyber Monday

Holiday Shopping

How to Prepare for 2024 Black Friday & Cyber Monday

Discover the latest trends impacting this year’s biggest shopping days, and learn why ensuring enriched, accurate product information is the key to thriving in the holiday shopping rush.

Though it may feel like we were just popping the New Year’s champagne, the end of 2024 is drawing closer, and with that comes the busiest shopping days of the year: Black Friday and Cyber Monday. 
 
Last year’s Cyber Monday sales saw a 10% growth over the previous year, breaking the $12 billion mark for the first time. And though eCommerce remains popular, Black Friday was the single biggest in-store shopping day of 2023, growing 5% from 2022.
 
And while the holiday season always provides a boost to retail sales, economic challenges are making shoppers tighten their belts, with 80% of consumers planning to spend the same or less than they did last year. With consumers prioritizing discounts and value for money, Black Friday and Cyber Monday deals will become even more crucial this year.  

With that in mind, let’s take a look at five of the driving trends that stand to impact Black Friday and Cyber Monday this year – and how your brand can take the most advantage of each one.

Black Friday & Cyber Monday Trends

1. Promotions & Discounts

Promotions remain the cornerstone of Black Friday and Cyber Monday success. In fact, according to our recent survey on holiday shopping behavior, the top three priorities for consumers were discounts, promotions, and value for money.

The key to winning holiday sales in 2024 lies in clearly communicating the savings customers will receive through your promotions; whether it’s offering discounts for folks who sign up for your email subscription or providing more value-based discounts such as free delivery or hassle-free returns, offering your consumers with different ways to save encourages loyalty, trust, and high value for money. You can also curate kits or bundles of products that align with a customer’s interests or previous purchases, offering an opportunity for shoppers to explore complementary items.

2. Personalized Experiences

In a competitive market where consumers are inundated with choices, personalization has emerged as a fundamental element for fostering customer loyalty and satisfaction. Brands are beginning to recognize that one-size-fits-all marketing or product offerings no longer suffice. Instead, they are leveraging data-driven insights to deliver highly personalized experiences that resonate with individual shoppers based on individual actions and preferences.

The foundation of personalization lies in data collection; organizations must gather and centralize customer data from various sources, including website interactions, purchase history, social media activity, and loyalty program participation. Advanced analytics tools and machine learning algorithms can then process this data to identify patterns and trends, and help brands segment their customer base to create personas and tailor marketing efforts. During Black Friday and Cyber Monday, brands can leverage these insights to recommend products and promotions to individual shoppers that are more likely to resonate with those shoppers.

2024 Holiday Season Guide

3. In-Person is Back

The 2024 holiday season is all about the omnichannel experience; 93% of shoppers plan to utilize both online and brick-and-mortar experiences this holiday season. The expectation of the modern day consumer is that they can make informed, confident purchase decisions whether they’re browsing your site or the aisles of your nearest location.

And it’s often not an “either/or” situation; shoppers will commonly initiate purchases journeys online, researching products, reading reviews, and comparing prices, before completing their purchase in a physical store nearby where they can see, touch, and try the product before buying. In fact, 65% of holiday shoppers stated that they research products online before making a final purchase, and 60% had previously utilized BOPIS (Buy Online, Pick Up In Store).

Retailers who can seamlessly connect these channels will create a seamless experience that drives customer satisfaction and loyalty. As the holiday season gets increasingly competitive, those who prioritize these hybrid experiences will not only see higher conversion rates but will also build stronger customer relationships that extend beyond the holidays.

4. Consistency is Key

As we just discussed, consumers interact with brands through a multitude of touchpoints before making a purchase. If the experience is disjointed or inconsistent at any point in this journey, it can lead to frustration and, ultimately, abandoned shopping carts or lost sales.

Consistency breeds trust. When consumers encounter a consistent brand experience across all touchpoints, it reinforces the perception that the brand is reliable and dependable. Trust is a critical factor in building long-term customer loyalty. Plus, a consistent brand experience reinforces brand identity and values. Whether customers engage with a brand online or in-store, they should encounter the same messaging, aesthetics, and overall feel. This cohesion strengthens brand recall and recognition.

From an operational perspective, consistency plays a pivotal role in streamlining processes for retailers. When a unified approach is adopted across pricing, product information, and inventory management, it significantly reduces complexity and minimizes the risk of errors. With consistent pricing strategies, retailers can avoid discrepancies that might arise between online and in-store pricing, ensuring a seamless shopping experience for customers.

A centralized product information management system ensures that product availability is up-to-date, reducing the likelihood of overstock or stockouts. This operational consistency not only enhances internal efficiency but also contributes to the overall reliability and reputation of the brand, especially during high-stakes events like Black Friday and Cyber Monday.

5. Sustainability is a Priority

While price remains the most significant factor for most consumers, there’s a growing segment that is willing to pay more for sustainability and ethical sourcing — in particular, the younger generation. With 59% of millennials and 50% of U.S. consumers overall are willing to pay a premium for sustainably produced products, we can see that there is a clear trend toward responsible consumption.

As shoppers are becoming more discerning, expecting brands to be transparent about their practices, they’re digging into product information and basing purchase decisions on how well a product’s story aligns with their ethical priorities. In this era of “conscious consumerism,” shoppers are no longer satisfied with vague claims or superficial acts; they want proof. This means that brands must go beyond the buzzwords and offer clear, detailed information about how their products are made, what materials are used, which suppliers were involved, what standards and regulations are met, and what responsible end-of-life practices look like. After all, transparency builds trust, and trust drives purchases.

Prepare for the 2024 Holiday Season

As we gear up for the whirlwind that is Black Friday and Cyber Monday, brands must be prepared to deliver on the shifting expectations of today’s consumers.

The key to success this year will be adaptability—leveraging data, streamlining operations, and delivering experiences that meet consumers when, where, and how they want it. Shoppers are more informed than ever before, relying on product descriptions, reviews, sustainability details, and pricing transparency to guide their decisions. Accurate and comprehensive product information not only helps customers find exactly what they’re looking for but also fosters confidence in their choices, leading to fewer abandoned carts and higher conversion rates.

Preparing for the holiday rush isn’t just about stocking shelves and offering discounts—it’s about ensuring that every product is accompanied with up-to-date, accurate, and easy-to-understand information across all channels. By providing the omnichannel experience that consumers are looking for, brands can meet consumer expectations, enhance the shopping experience, and ultimately, drive holiday success in 2024 and beyond.

2024 Holiday Shopping Season Guide

From omnichannel optimization to sustainability-driven purchases, discover how to maximize holiday sales and minimize the dreaded post-holiday return season.

Casey Paxton, Content Marketing Manager

Akeneo

Being Comfortable in the Uncomfortable: Top 5 Takeaways from Women in MACH

Product Experience

Being Comfortable in the Uncomfortable: Top 5 Takeaways from Women in MACH

From leadership lessons on finding supportive sponsors and fostering resilience, to actionable steps for advancing diversity in tech, hear personal reflections and key takeaways from the Akeneo team after sponsoring the third annual Women in MACH event. Plus, learn how Akeneo is taking strides to support gender equity through innovative initiatives.

Our team had the privilege of attending the 2024 Women in MACH Event: Breaking Barriers, Building Futures. So, we asked the team to share what they learned from the event. 

Q: What was the conference’s most impactful lesson or takeaway, and how do you plan to apply it to your career?

“Not everyone will be a cheerleader, so you need to find yours and give back generously.” Early in my career, I underestimated the value of sponsorship, which I now realize was a mistake. Since then, I’ve shifted my approach, surrounding myself with people who believe in me, challenge me, and support me when I need it most.

– Camille Fant, Head of Corporate Social Responsibility

Q: Did any speaker or session particularly inspire you? If so, what resonated most and why?

The most inspiring session for me was the session with Debbie Ellison, Global CDO at VML. She shared, “It’s hard to be brilliant at everything, all the time, all at once. You are responsible for your own happiness. Relationships only hurt if you don’t have them. Surround yourself with people who share your vision and do what you love.”

I was impressed by her resilience and grit, and the strengths she was passing on to the audience. What resonated most was the reminder to let go of the pressure to excel in everything simultaneously. It reminded me of the importance of being kind to myself and to others, without expecting something in return. For me, it reinforced the idea that empathy and connection are essential not only in leadership but in every aspect of business. This is what transforms teams into communities and challenges into opportunities. It’s a lesson I’ll carry forward—both personally and professionally.

– Julie Dura, Solution Engineering Manager

Q: How has the conference changed your perspective on leadership and the challenges women face in leadership roles?

It was inspiring to see so many talented women open to sharing their stories and what they have learned along the way. All of them are easy to talk to and genuinely care about changing the industry. Women in MACH is a powerful community of women willing to share and change the balance in tech. 

– Florence Le Guellec, Group Product Manager

Q: What actionable steps will you take to advance your leadership skills or support other women in your organization?

I will make sure women feel heard, safe, and supported. There is still a lot of work that needs to be done. Men in higher positions are unconsciously biased, I hear and see it daily, therefore, they should be encouraged to attend events and sessions such as these, so that they become aware,  listen, and take action.

– Emily Stead, Account Executive

Q: How can, as women in tech, we progress towards the future? What things do we need to be mindful of? 

My main takeaway from this was the importance of diversity in R&D teams. They recommended the book “Invisible Women”, which discusses the sometimes trivial, other times devastating impact of bias in technological advancement over time. As we continue to develop AI, it’s more important than ever that we address diversity moving forward. It’s not just diversity in the data set we need to think about, but also diversity in the teams of people analyzing the data and shaping the data models. Quote of the day: “It’s not just sh*t data in, sh*t data out… with AI, it’s sh*t data in, 50 x sh*t data out”

– Kerri Barnes, Technology Partner Manager

New this year, Women in MACH has launched a Diversity, Equity, Inclusion, and Belonging (DEIB) Scoring Tool to help companies accurately measure, track, and improve. 

Here at Akeneo, we are proud to be in the mature category for MACH DEIB and excited to support women and male allies through several resources including ERG groups, a Women in Leadership Program, and holding our first annual Women in Leadership Summit this year. We’re proud of the continued steps we are taking, and acknowledge that there is always work to be done. 

What is MACH? Learn more about how Akeneo, as a certified member, is shaping the future with our partners and the MACH Alliance here.

Are you ready to take the next step?

Our Akeneo Experts are here to answer all the questions you might have about our products and help you to move forward on your PX journey.

Kateri Osborne, Director, Global Integrated Demand

Akeneo

How to Navigate the Future of B2B

Product Experience

How to Navigate the Future of B2B

Are you ready for the future of B2B sales? Discover the key trends shaping the B2B industry, from the growing influence of omnichannel strategies and AI-driven solutions to the rising importance of sustainability and compliance with evolving regulations. Whether you’re looking to optimize customer experiences or stay ahead of market disruptions, we hope you’ll find valuable insights to guide your digital and sustainable journey forward.

Every industry undergoes various cycles and updates to its landscape, and the B2B sales sector is no exception. 

With the onslaught of new technology, updates, connectivity to customers, and the rapid increase and reliance on digital sales, B2B organizations need to step into the future sooner rather than later. And the future of B2B customer engagements looks increasingly like B2C. 

But how can companies adopt a B2C mindset and properly prepare to ensure they are staying competitive in the marketspace? The answer is through adopting a digital strategy and building a strong omnichannel presence. However, with 85% of B2B organizations already implementing a digital sales strategy, time is of the essence and companies need to kickstart their transformations now if they haven’t already.

Embracing the adoption of omnichannel experiences and a digital presence is no small task. Between ongoing regulation changes, sustainability efforts, and incorporating emerging technologies, executing a strong digital transformation can be daunting. By building a strong foundation and embracing changing customer behaviors and patterns as they happen, however, companies can ensure they are set for success and prepared for the future.

Embracing Emerging Technologies and Digital Sales 

A recent Akeneo study found that 90% of B2B organizations are planning to increase their digital sales strategy within the next two years, signaling the urgent need to invest in digital channel optimization and implement cloud-based platforms. 

As buyers continue to opt for and prefer digital options in their personal shopping habits, they’re coming to expect this type of personalized, self-service experience in the B2B shopping experience and in fact, nine in 10 B2B organizations reported that they are either already using or planning to use emerging technologies such as Generative AI, voice search, and visual configuration tools within the next 12 months. 

While B2B shoppers still appreciate the personal touch of an in-person interaction, digital channels as a whole are able to scale efforts beyond face-to-face meetings and allow companies to connect with customers no matter where they are or what time of day it is, which increases overall efficiency and helps to improve a customer’s overall experience. The digital world has allowed customers and companies to connect in unprecedented ways through various interactions across digital touchpoints such as websites, mobile, apps, social media, email, and more. 

As we continue on digital transformation journeys, this will only become more popular among customers and buyers, who want to do business on their schedules, which may not be during your business hours. This seamless usability and convenience in the consumer realm is what B2B buyers crave in their business lives, too. 

With ever-increasing methods of communication and connection to buyers and customers though, it’s important to ensure that data is being stored in a centralized, cloud-based platform so it’s consistently accessible to anyone in the organization who needs it, whenever they need it. Using a Product Information Management (PIM) solution to organize, enrich, and manage all the data collected helps streamline data processes across the entire organization, making a more seamless experience for both employees and customers.

 

2024 B2B Survey Results Report

AI & B2B

Unless you’ve been living under a rock, you’ve heard of Artificial Intelligence (AI) and its impact on the shopping journey at some point over the past few years. Not since cloud computing have we seen a technology so poised for market disruption, across nearly all markets, including the B2B sales market. 

When it comes to AI, every industry has been integrating it and using it as a way to speed up processing, generate and localize content, assist with data and search, and more. AI has proven itself to be instrumental when it comes to data analysis, and for the B2B industry, it will only continue to be of assistance. With these customer expectations evolving at a rapid rate, B2B organizations will need to invest in an AI tool that can properly and quickly sift through large amounts of data to provide insights on market trends, customer behavior, and operational inefficiencies. 

The Akeneo study also found that the primary perceived benefit of AI for the B2B industry is the speed of time to market through automation. As companies are using AI to assist with things like advanced data analysis and predicting operational disruptions such as inventory, processing roadblocks, or potential supply chain management issues, they’re able to save valuable time and get products to market at a faster rate, providing an even bigger competitive advantage. 

Sustainability and Ongoing Regulations 

Sustainability is at the top of customers’ and businesses’ minds, and it’s not going anywhere any time soon – 66% of respondents in our B2B survey agreed that product and brand values are most likely to grow in importance over the next 2-3 years. As regulations continue to grow around sustainability and transparency, the demand for compliance, corporate responsibility, and competitive differentiation is also front and center. 

Consumer brands have undergone significant changes in order to meet the demand for increased sustainability and transparency, and B2B buyers are following suit. Many organizations have started factoring their environmental impact into decisions and are making more of an effort to be transparent about their sustainability to consumers. 

An example of this is the growing popularity of Digital Product Passports (DPP), which are digital records that aim to gather data on a product and its supply chain so that all stakeholders, manufacturers, repairers, and consumers better understand the environmental impact of the materials and products they use. While DPPs are ‘nice-to-have’ at the moment, they are expected to be made a requirement for many businesses starting in 2026 under the European Green Deal.

Building a strong foundation for sustainability will assist in keeping up with changing regulations, values and behaviors, and compliance standards. As governments continue to introduce new and stricter guidelines for sustainability, B2B companies will need to ensure they are up-to-date and staying ahead of the game. 

Reducing carbon emissions, focusing on increasing sustainable practices, sustainability reports, and visibility into their carbon footprint are all necessary ways to comply with standards. Plus, ensuring that a brand or company is on top of its sustainability operations and efforts can also provide a unique competitive advantage in today’s saturated marketplace.

The Future of B2B

The future of B2B sales is rapidly evolving, with a growing emphasis on digital transformation, omnichannel engagement, and sustainability. As customers increasingly expect seamless, personalized, and self-service experiences similar to those in B2C interactions, B2B organizations must act quickly to adapt. 

By embracing emerging technologies like AI, centralizing data for optimized efficiency, and aligning with sustainability regulations, businesses can not only meet customer expectations but also position themselves for long-term success.

Now is the time for B2B companies to innovate and invest in these critical areas to stay competitive in the ever-changing market landscape, as those who embrace these shifts today will be the leaders of tomorrow.

Discover the Future of B2B

Download the comprehensive report based on the findings of our survey of B2B professionals to receive insights and actionable tips on navigating the tricky waters of the B2B industry.

Casey Paxton, Content Marketing Manager

Akeneo