How Do Tyre Suppliers Get Better Pathwwway Customer Retention When It Comes To Car Manufacturers?
The global tyre market is evolving
phenomenally with annual revenues of Japan-based Bridgestone slated at $27.22. The next contender is Michelin SCA, headquartered in
Clermont, France earning $25.40 million as of
2018. In all these cases, customer experience has emerged as the major
facilitating factor that leading to their long-term retention. Here's more on
how these companies strike gold with their principal B2B markets, namely, car
manufacturers.
- Forming A Strong Network In All Strategic Locations
Pathwwway
customer retention team not only recommends the delivery of personalized
solutions to customers but also dominance in terms of geographic presence. Top
car manufacturers would expect on-time delivery of tyres at their various
dealer outlets across the globe. Given the nature of heavy-volume consignments,
shipping delays will spoil your brand repute. Bridgestone UK boasts of 178
plants across 25 nations, while the Goodyear secures a permanent market in the
B2B segment with 50 facilities in 22 countries and two state-of-art innovation
centres in Ohio and Luxembourg.
- Adopting Cutting Edge Technology To Impress B2B Clients
There is no business sector untouched by
technology and commercial tyre manufactures are no exception. However, the
benefits of technology deployed must be articulated well so that the car
manufacturers are confident of delivering hi-tech tyres to the end-users. For
car manufacturers to satisfy their
end-users, it is imperative that tyre performance is consistent due to
deployment of latest technology. For
example, car makers are thrilled to fit 'tyres of the future' from Michelin, on
their cars. The tyres are microchip embedded products
rolled out for next generation car-making. Similarly the all-new concept tyre
Eagle 360 was unveiled by Goodyear at the International Motor Show at Geneva.
The tyres are AI-powered, with bionic
skins to sense, transform and interact with the ecosystem.
- Creating Engaging And Humorous Social Media Campaigns
The latest pathwwway customer retention takeaway for powerful offline businesses is to complement
their marketing strategies with interactive social media campaigns. The Plainville based tyre supplier
Tire Discounters was recently in the limelight for its humorous campaign 'your
knights in shining rubber' that evoked global attention. The conversational
strategies bring out the human side of businesses to their B2B clients. They
experience comfort and transparency when their preferred tyre supplier goes
social. Facebook advertisements, Twitter contests and Instagram campaigns
have resulted in building consistent CX with top car manufacturers.
- Understanding The Difference Between Business And Consumer Markets
Being upfront with the promise of quality
and safety is as important for building loyalty among re-users and end-users.
Some challenges that differentiate B2B and B2C markets for tyre suppliers are
that the retail market is geographically dispersed
with unlimited buyers, whereas, when it comes to car manufacturers, the markets
are geographically concentrated. There exist relatively few buyers. Timely
availability and competitive pricing are the commonest parameters using which
the car manufacturers determine their long-term relationships with tyre
suppliers.
High quality automotive marketing in the
B2B sector is gaining momentum like never before. Though the companies deal in
diversified products like belts, hoses, rubber tracks, bearings and building
materials, tyres account for more than 70% of sales in these multi-product
companies. Retaining existing customers is thus a need of the hour.