SlideShare ist ein Scribd-Unternehmen logo
1 von 12
Downloaden Sie, um offline zu lesen
MASS CUSTOMIZATION 
Lara Kessides & Brit Vezina 
1
A LITTLE HISTORY 
• Customization itself isn’t new; 
there was once a time when 
nearly everything was custom-made 
for consumers. 
• However, the Industrial 
Revolution brought major 
change: products became 
mass-produced for large 
consumer segments based on 
general commodities. 
2
MASS CUSTOMIZATION 
• Gone are the days of “one-size-fits-all.” 
• Consumers are now demanding greater 
control over the styles, colors, and features of 
their products in ways that will reflect their 
unique personalities. 
• This is reflective of the American culture 
shifting from self-effacement to self-expression, 
thanks in large part to the boom 
of social media. 
• As a result, many brands are embracing a new 
trend that combines the high-production and 
efficiency tools of mass-production, with the 
option for consumers to customize their 
products: mass customization. 
3
KEY BENEFITS FOR BRANDS 
• Staying in the know: 
• Brands have the opportunity to gain insight 
into the most current consumer trends—and 
in turn, jump ahead of their competitors. 
! 
• Brand differentiation 
• Brands can stand out from competitors who 
ofter the same standardized features. 
! 
• Consumer loyalty & engagement: 
• Consumers are compelled to stick with brands 
that allow them to purchase exactly what they 
want, rather than be limited to a fixed style or 
menu. 
4
Brands That Have Embraced Mass Customization 
5
NIKEID 
! 
• NIKEiD is a special platform on 
the brand’s website where 
consumers can be the designer 
of their shoes, bags, and other 
athletic accessories. 
• Nike has proven that mass 
customization can significantly 
contribute to a brand’s revenue; 
NIKEiD now provides 20% of 
the brand’s total revenue. 
Lara’s Shoe 
Brit’s Shoe 
6
CHIPOTLE 
• Chipotle owes much of its success as a 
leader in the fast-casual restaurant 
category to its fully customizable menu. 
• Consumers can choose every 
ingredient that goes into their meal 
through a fast and efficient assembly 
line. 
• Customizable menus are especially 
appealing to consumers who are 
health-conscious, as they are able to 
forgo unhealthy ingredients that would 
otherwise prevent them from ordering 
a specific dish. 
Brit’s Burrito 
Lara’s Burrito 
7
REPUBLIC BIKE 
• Republic Bike gives 
consumers the opportunity 
to design every aspect of 
their bicycle, from the frame 
to the tire rims. 
• The company prides itself in 
embracing mass 
customization: “The only tools 
we offer here are those to let 
your creativity go for a ride.” 
Lara’s Bike 
8 Brit’s Bike
Where Are There Opportunities? 
9
SHAMPOO 
• Shampoo is one product 
category that could benefit from 
mass customization. 
• Brands have varieties for curly, 
straight, dry, and color-treated 
hair—but what about hair types 
that are in-between? 
• Consider creating customized 
shampoo that uses special testing 
to determine the perfect formula 
for a consumer’s hair type. 
10
MAGAZINES 
• Another product category that could 
benefit from mass customization is 
magazines. 
• Consumers currently get the same 
batch of articles as every other 
reader. It’s impersonal, and often 
frustrating. 
• It may be more appealing to readers 
if brands offered a “Build-Your-Own- 
Magazine” option, where readers 
receive a version of a magazine that 
consists only of content they are 
interest in. 
11
THANK YOU! 
12

Weitere ähnliche Inhalte

Was ist angesagt?

Public Relations: Trimona Yogurt
Public Relations: Trimona YogurtPublic Relations: Trimona Yogurt
Public Relations: Trimona YogurtErin Batty
 
Consumer and Innovation Trends in Bread and Bakery
Consumer and Innovation Trends in Bread and BakeryConsumer and Innovation Trends in Bread and Bakery
Consumer and Innovation Trends in Bread and BakeryDatamonitor Consumer
 
Chobani Marketing Plan
Chobani Marketing PlanChobani Marketing Plan
Chobani Marketing PlanZhenxi Yeo
 
Adv. 459 group 3 situation analysis
Adv. 459 group 3 situation analysisAdv. 459 group 3 situation analysis
Adv. 459 group 3 situation analysislriviell
 
NIKE perceptual positioning map
NIKE perceptual positioning mapNIKE perceptual positioning map
NIKE perceptual positioning mapArushi Nayan
 
Chobani Greek Yogurt Insights and Strategy
Chobani Greek Yogurt Insights and StrategyChobani Greek Yogurt Insights and Strategy
Chobani Greek Yogurt Insights and StrategyJosh Crafter
 
Adidas Project - Be Different
Adidas Project - Be DifferentAdidas Project - Be Different
Adidas Project - Be DifferentFederico Nardini
 
Consumer and Innovation Trends in Tobacco
Consumer and Innovation Trends in TobaccoConsumer and Innovation Trends in Tobacco
Consumer and Innovation Trends in TobaccoDatamonitor Consumer
 
"Think Global Act Local" MBA Presentation
"Think Global Act Local" MBA Presentation"Think Global Act Local" MBA Presentation
"Think Global Act Local" MBA PresentationAlan Kay
 
Converse we love you chucks
Converse we love you chucksConverse we love you chucks
Converse we love you chucksburhan143
 
Consumer and Innovation Trends in Healthy Snacks
Consumer and Innovation Trends in Healthy SnacksConsumer and Innovation Trends in Healthy Snacks
Consumer and Innovation Trends in Healthy SnacksDatamonitor Consumer
 
Wills Lifestyle_Brand Extension[pgp30380]
Wills Lifestyle_Brand Extension[pgp30380]Wills Lifestyle_Brand Extension[pgp30380]
Wills Lifestyle_Brand Extension[pgp30380]Sameer Mathur
 
Nike presentation (Case Study)
Nike presentation (Case Study)Nike presentation (Case Study)
Nike presentation (Case Study)Agni Ganguly
 
Nike presentation (Case Study)
Nike presentation (Case Study)Nike presentation (Case Study)
Nike presentation (Case Study)Agni Ganguly
 
Brand Knowledges Structure-Nike vs Adidas
Brand Knowledges Structure-Nike vs AdidasBrand Knowledges Structure-Nike vs Adidas
Brand Knowledges Structure-Nike vs AdidasThành Luân Nguyễn
 
Target audience
Target audienceTarget audience
Target audienceadamediaed
 

Was ist angesagt? (20)

Public Relations: Trimona Yogurt
Public Relations: Trimona YogurtPublic Relations: Trimona Yogurt
Public Relations: Trimona Yogurt
 
Supermarket Own label Sample Extract
Supermarket Own label Sample ExtractSupermarket Own label Sample Extract
Supermarket Own label Sample Extract
 
Consumer and Innovation Trends in Bread and Bakery
Consumer and Innovation Trends in Bread and BakeryConsumer and Innovation Trends in Bread and Bakery
Consumer and Innovation Trends in Bread and Bakery
 
Chobani Marketing Plan
Chobani Marketing PlanChobani Marketing Plan
Chobani Marketing Plan
 
Adv. 459 group 3 situation analysis
Adv. 459 group 3 situation analysisAdv. 459 group 3 situation analysis
Adv. 459 group 3 situation analysis
 
Consume behavior of Nike
Consume behavior of NikeConsume behavior of Nike
Consume behavior of Nike
 
Nike
NikeNike
Nike
 
NIKE perceptual positioning map
NIKE perceptual positioning mapNIKE perceptual positioning map
NIKE perceptual positioning map
 
Chobani Greek Yogurt Insights and Strategy
Chobani Greek Yogurt Insights and StrategyChobani Greek Yogurt Insights and Strategy
Chobani Greek Yogurt Insights and Strategy
 
Adidas Project - Be Different
Adidas Project - Be DifferentAdidas Project - Be Different
Adidas Project - Be Different
 
Consumer and Innovation Trends in Tobacco
Consumer and Innovation Trends in TobaccoConsumer and Innovation Trends in Tobacco
Consumer and Innovation Trends in Tobacco
 
"Think Global Act Local" MBA Presentation
"Think Global Act Local" MBA Presentation"Think Global Act Local" MBA Presentation
"Think Global Act Local" MBA Presentation
 
Converse we love you chucks
Converse we love you chucksConverse we love you chucks
Converse we love you chucks
 
Consumer and Innovation Trends in Healthy Snacks
Consumer and Innovation Trends in Healthy SnacksConsumer and Innovation Trends in Healthy Snacks
Consumer and Innovation Trends in Healthy Snacks
 
Wills Lifestyle_Brand Extension[pgp30380]
Wills Lifestyle_Brand Extension[pgp30380]Wills Lifestyle_Brand Extension[pgp30380]
Wills Lifestyle_Brand Extension[pgp30380]
 
Nike presentation (Case Study)
Nike presentation (Case Study)Nike presentation (Case Study)
Nike presentation (Case Study)
 
Nike presentation (Case Study)
Nike presentation (Case Study)Nike presentation (Case Study)
Nike presentation (Case Study)
 
Brand Knowledges Structure-Nike vs Adidas
Brand Knowledges Structure-Nike vs AdidasBrand Knowledges Structure-Nike vs Adidas
Brand Knowledges Structure-Nike vs Adidas
 
Ikea
IkeaIkea
Ikea
 
Target audience
Target audienceTarget audience
Target audience
 

Ähnlich wie Trend Analysis

Launching The Brand
Launching The BrandLaunching The Brand
Launching The BrandSanjit Dash
 
Creative that cracks the code
Creative that cracks the codeCreative that cracks the code
Creative that cracks the codeSameer Mathur
 
Passion Brands
Passion BrandsPassion Brands
Passion Brandslins09
 
Customer Centered Brand Management Case
Customer Centered Brand Management CaseCustomer Centered Brand Management Case
Customer Centered Brand Management CaseSarthak Gupta
 
Customer equity management vs brand equity management
Customer equity management vs brand equity managementCustomer equity management vs brand equity management
Customer equity management vs brand equity managementDr. Chandan Chavadi
 
Case presentation(Boots)
Case presentation(Boots)Case presentation(Boots)
Case presentation(Boots)Arpit Aggarwal
 
Colgate palmolive
Colgate palmoliveColgate palmolive
Colgate palmoliveDisha Jain
 
Marketing segmentation
Marketing segmentationMarketing segmentation
Marketing segmentationUtkarsh Bisht
 
SUMIT KUMAR DHANWAR (2).docx
SUMIT KUMAR DHANWAR (2).docxSUMIT KUMAR DHANWAR (2).docx
SUMIT KUMAR DHANWAR (2).docxSumitDhanwar
 
Using Market Research in Internationalization - McDonald's Case Study - MBA A...
Using Market Research in Internationalization - McDonald's Case Study - MBA A...Using Market Research in Internationalization - McDonald's Case Study - MBA A...
Using Market Research in Internationalization - McDonald's Case Study - MBA A...Michel Accad
 
Marketing management market segmentation
Marketing management market segmentationMarketing management market segmentation
Marketing management market segmentationNeha Suman
 
2313119 Retail Trends using company analysis .pptx
2313119 Retail Trends using company analysis .pptx2313119 Retail Trends using company analysis .pptx
2313119 Retail Trends using company analysis .pptxRAJKUMARVIJAYAN2
 
2018 kit culture pitch deck
2018 kit culture pitch deck2018 kit culture pitch deck
2018 kit culture pitch deckBrian McEvoy
 

Ähnlich wie Trend Analysis (20)

Launching The Brand
Launching The BrandLaunching The Brand
Launching The Brand
 
Creative that cracks the code (2)
Creative that cracks the code (2)Creative that cracks the code (2)
Creative that cracks the code (2)
 
Creative that cracks the code
Creative that cracks the codeCreative that cracks the code
Creative that cracks the code
 
Passion Brands
Passion BrandsPassion Brands
Passion Brands
 
Customer Centered Brand Management Case
Customer Centered Brand Management CaseCustomer Centered Brand Management Case
Customer Centered Brand Management Case
 
Brand coca-cola-
Brand coca-cola-Brand coca-cola-
Brand coca-cola-
 
Brand Equity of Coca Cola
Brand Equity of Coca ColaBrand Equity of Coca Cola
Brand Equity of Coca Cola
 
Customer equity management vs brand equity management
Customer equity management vs brand equity managementCustomer equity management vs brand equity management
Customer equity management vs brand equity management
 
Case presentation(Boots)
Case presentation(Boots)Case presentation(Boots)
Case presentation(Boots)
 
Colgate palmolive
Colgate palmoliveColgate palmolive
Colgate palmolive
 
Marketing segmentation
Marketing segmentationMarketing segmentation
Marketing segmentation
 
SUMIT KUMAR DHANWAR (2).docx
SUMIT KUMAR DHANWAR (2).docxSUMIT KUMAR DHANWAR (2).docx
SUMIT KUMAR DHANWAR (2).docx
 
Using Market Research in Internationalization - McDonald's Case Study - MBA A...
Using Market Research in Internationalization - McDonald's Case Study - MBA A...Using Market Research in Internationalization - McDonald's Case Study - MBA A...
Using Market Research in Internationalization - McDonald's Case Study - MBA A...
 
Activate presentation
Activate presentationActivate presentation
Activate presentation
 
Brand positioning
Brand positioning Brand positioning
Brand positioning
 
Marketing management market segmentation
Marketing management market segmentationMarketing management market segmentation
Marketing management market segmentation
 
Timbs book
Timbs bookTimbs book
Timbs book
 
2313119 Retail Trends using company analysis .pptx
2313119 Retail Trends using company analysis .pptx2313119 Retail Trends using company analysis .pptx
2313119 Retail Trends using company analysis .pptx
 
Ma cdenold'sashu
Ma cdenold'sashuMa cdenold'sashu
Ma cdenold'sashu
 
2018 kit culture pitch deck
2018 kit culture pitch deck2018 kit culture pitch deck
2018 kit culture pitch deck
 

Kürzlich hochgeladen

(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...Hugues Rey
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfEastern Online-iSURVEY
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...Ahrefs
 
Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMagdalena Kulisz
 
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...CIO Business World
 
Codes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxCodes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxGeorgeCulica
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)DEVARAJV16
 
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfMost Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfCIO Business World
 
The Pitfalls of Keyword Stuffing in SEO Copywriting
The Pitfalls of Keyword Stuffing in SEO CopywritingThe Pitfalls of Keyword Stuffing in SEO Copywriting
The Pitfalls of Keyword Stuffing in SEO CopywritingJuan Pineda
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorSocial Samosa
 
The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...sowmyrao14
 
What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?Juan Pineda
 
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...CIO Business World
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfVWO
 
Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulAtifaArbar
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfVWO
 
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local LeadsSearch Engine Journal
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigiKarishma
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar CManojkumar C
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationAli Raza
 

Kürzlich hochgeladen (20)

(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
 
Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdf
 
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
 
Codes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxCodes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptx
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)
 
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfMost Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
 
The Pitfalls of Keyword Stuffing in SEO Copywriting
The Pitfalls of Keyword Stuffing in SEO CopywritingThe Pitfalls of Keyword Stuffing in SEO Copywriting
The Pitfalls of Keyword Stuffing in SEO Copywriting
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
 
The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...
 
What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?What are the 4 characteristics of CTAs that convert?
What are the 4 characteristics of CTAs that convert?
 
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdf
 
Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem useful
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
 
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G Age
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar C
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store Optimization
 

Trend Analysis

  • 1. MASS CUSTOMIZATION Lara Kessides & Brit Vezina 1
  • 2. A LITTLE HISTORY • Customization itself isn’t new; there was once a time when nearly everything was custom-made for consumers. • However, the Industrial Revolution brought major change: products became mass-produced for large consumer segments based on general commodities. 2
  • 3. MASS CUSTOMIZATION • Gone are the days of “one-size-fits-all.” • Consumers are now demanding greater control over the styles, colors, and features of their products in ways that will reflect their unique personalities. • This is reflective of the American culture shifting from self-effacement to self-expression, thanks in large part to the boom of social media. • As a result, many brands are embracing a new trend that combines the high-production and efficiency tools of mass-production, with the option for consumers to customize their products: mass customization. 3
  • 4. KEY BENEFITS FOR BRANDS • Staying in the know: • Brands have the opportunity to gain insight into the most current consumer trends—and in turn, jump ahead of their competitors. ! • Brand differentiation • Brands can stand out from competitors who ofter the same standardized features. ! • Consumer loyalty & engagement: • Consumers are compelled to stick with brands that allow them to purchase exactly what they want, rather than be limited to a fixed style or menu. 4
  • 5. Brands That Have Embraced Mass Customization 5
  • 6. NIKEID ! • NIKEiD is a special platform on the brand’s website where consumers can be the designer of their shoes, bags, and other athletic accessories. • Nike has proven that mass customization can significantly contribute to a brand’s revenue; NIKEiD now provides 20% of the brand’s total revenue. Lara’s Shoe Brit’s Shoe 6
  • 7. CHIPOTLE • Chipotle owes much of its success as a leader in the fast-casual restaurant category to its fully customizable menu. • Consumers can choose every ingredient that goes into their meal through a fast and efficient assembly line. • Customizable menus are especially appealing to consumers who are health-conscious, as they are able to forgo unhealthy ingredients that would otherwise prevent them from ordering a specific dish. Brit’s Burrito Lara’s Burrito 7
  • 8. REPUBLIC BIKE • Republic Bike gives consumers the opportunity to design every aspect of their bicycle, from the frame to the tire rims. • The company prides itself in embracing mass customization: “The only tools we offer here are those to let your creativity go for a ride.” Lara’s Bike 8 Brit’s Bike
  • 9. Where Are There Opportunities? 9
  • 10. SHAMPOO • Shampoo is one product category that could benefit from mass customization. • Brands have varieties for curly, straight, dry, and color-treated hair—but what about hair types that are in-between? • Consider creating customized shampoo that uses special testing to determine the perfect formula for a consumer’s hair type. 10
  • 11. MAGAZINES • Another product category that could benefit from mass customization is magazines. • Consumers currently get the same batch of articles as every other reader. It’s impersonal, and often frustrating. • It may be more appealing to readers if brands offered a “Build-Your-Own- Magazine” option, where readers receive a version of a magazine that consists only of content they are interest in. 11