‘Smaller brands care more’ say consumers as part of Ricoh Europe study
Investment in digital innovation whilst balancing privacy must be top priority for brands wanting to get ahead
Ricoh Europe, London, 22 June 2017 – The majority of European consumers (53%) say smaller brands care more about their needs than larger ones. According to the research commissioned by technology specialist Ricoh Europe only a fifth (21%) believe bigger brands are more attentive despite those businesses typically having more resources at their disposal.
With small and medium-sized enterprises (SMEs) representing 99% of all businesses across the continent, according to the European Commission1, the research flags huge opportunity to build consumer loyalty by trading on customer service excellence. But aspiring SMEs must be wary of being overly intrusive. 61% of consumers say brands of all sizes should be transparent in what data they collect on them to personalise communications.
Javier Diez-Aguirre, Vice President, Corporate Marketing, CSR & Environment, Ricoh Europe, said: “Consumers have infinite choice in how and where they spend their money, with stand-out brands making sure their customers feel valued. Small and medium-sized brands are clearly moving in the right direction, but they must use the quality of their customer service to gain an edge over their larger rivals. This starts with using technology to improve efficiency and speed as well as familiarity with their customers.”
Smarter use of technology to communicate with consumers is clearly a big draw. Only a quarter (27%) of respondents disagree that the best brands, no matter their size, are those that use innovative technology with their customers. However, it seems smaller businesses have a way to go.
Moloney continued: “Research we commissioned looking specifically at medium-sized businesses found that only 36% believe they have improved customer service by using digital technologies. Investing in business intelligence to personalise communications, thereby capturing consumers’ hearts and a larger share of the market, has to be a core focus for this engine room of the European economy.”
1 Find out more at www.ricoh-europe.com/thoughtleadership.
A survey of 3,600 consumers across 23 countries in Europe and South Africa was conducted by Censuswide and sponsored by Ricoh. The study used quantitative and qualitative techniques to provide insight into how consumers want brands to interact with them at each stage of the customer journey. Ricoh has given ‘Triple R status’ to those brands European consumers see as going above and beyond at each stage.
| About Ricoh |
Ricoh is empowering digital workplaces using innovative technologies and services that enable individuals to work smarter from anywhere.
With cultivated knowledge and organizational capabilities nurtured over its 85-year history, Ricoh is a leading provider of digital services, information management, and print and imaging solutions designed to support digital transformation and optimize business performance.
Headquartered in Tokyo, Ricoh Group has major operations throughout the world and its products and services now reach customers in approximately 200 countries and regions. In the financial year ended March 2022, Ricoh Group had worldwide sales of 1,758 billion yen (approx. 14.5 billion USD).
For further information, please visit www.ricoh-europe.com
© 2023 RICOH COMPANY, LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.
For further information, please contact:
Ricoh Europe PLC
Join us on Facebook: www.facebook.com/ricoheurope
Follow us on Twitter: www.twitter.com/ricoheurope
Follow us on LinkedIn: http://linkedin.com/company/ricoh-europe
Visit the Ricoh media centre at: www.ricoh-europe.com/press