Remove articles the-importance-of-customer-service-during-a-recession
article thumbnail

Retail Consumer Trends and Real-Time Feedback: Monitoring How Price Hikes Impact Market Sentiment

Lumoa

Companies in the retail space have traditionally leveraged indicators like customer sentiment to better understand their target audiences. Companies in the retail space have traditionally leveraged indicators like customer sentiment to better understand their target audiences. First Off, What Exactly Is Going On?

Retail 83
article thumbnail

3 Things CROs Should Know During an Economic Downturn

Totango

While the uncertainty that comes along with rising interest rates and a falling stock market can be scary, there is a silver lining: your current customer base. During periods of economic instability, your customer base may be the only growth channel on which you can depend. Reorient Your Operating Model.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six tips to keep your agents happy and motivated through uncertainty

Logicalware

Little did we know we’d be hit with interest rate hikes and talk of a recession. In this article, we’ll look at the impact the rising cost of living is having on your agents and what you can do to support them during these uncertain times. Changes in customer behaviour. Supporting your agents.

article thumbnail

5 Ways to Reduce Customer Churn for SaaS in a Recession

Totango

The continuing COVID-19 health crisis may well produce a recession that has a significant impact on the Software-as-a-Service (SaaS) industry. No one is certain how this will change the long and short-term behaviors of customers, lenders, and enterprises in a SaaS world. Re-tune Your Digital Engagement Strategy.

Finance 77
article thumbnail

Customer Retention During Economic Downturns: What’s Top of Mind for Your Customers?

Totango

The unpredictability of an economic downturn, such as the continuing COVID-19 pandemic, can introduce uncertainty into the relationship between you and your customer. Sudden and unexpected external forces beyond the control of either of you can also lead to unanticipated customer behavior.

article thumbnail

How the Latest Outsourcing Trends and Strategies Are Reshaping the Industry 

Execs In The Know

No matter what industry you’re in, as a CX leader it’s important to stay on top of current outsourcing trends and strategies as you navigate the ecosystem. In this article, we’ll discuss the trends and strategies that we’re currently seeing in the industry that could shape the outsourcing sector in the year ahead. Let’s get started.

article thumbnail

Digital Customer Service vs Human Customer Service: Is it All or Nothing?

CSAT.AI

Eliminating any human customer service support, like Frontier Airlines has done, is a bold choice. Digital customer service options are able to help manage the support challenges businesses are facing. The question is, should they be the only options customers have? Customers value authenticity more than ever.