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New research by KPMG International reveals the leading drivers for customer experience in 2021 and the highest ranked companies for customer experience.

Anew report released today by KPMG International’s Global Customer Center of Excellence reveals consumers’ expectations of receiving omni-channel and empathic interactions with businesses.

This year’s Global Customer Experience Excellence research entitled ‘Orchestrating experience‘ was conducted on 88,616 consumers across 26 countries, regions and jurisdictions, and provided feedback on 2,112 unique cross-sector brands to determine which organisations are delivering standout customer experiences in 2021.

• Customers highlight that success is based on how the customer is engaged over their life cycle, how firms remain present in their customer’s lives and how technology makes all of this happen.

The research reveals retail brands are performing best in meeting the needs and expectations of consumers. The impact of COVID-19 has changed many businesses’ strategy of now having to meet customers where they want to be met, outside the traditional retail experience.

Consumers also ranked brands highly for their integrity and having an authentic purpose, with the public demanding more ambitious environmental, social and governance (ESG) goals from businesses.

Brands were ranked across The Six Pillars of Customer Experience Excellence – Personalization; Integrity; Expectations; Resolution; Time & Effort and Empathy – to identify the leaders in each region.

This has created a ranking of companies who are delivering exceptional customer experience across the customer journey.

Christopher Saunders, Partner, KPMG in Thailand

“We have seen a movement from ad hoc channel based customer experiences to orchestrated, omni-channel customer experiences,” said Julio Hernandez, Global Head of KPMG’s Global Customer Center of Excellence. “COVID-19 has forced companies to act purposefully, deciding what to take with them into the future and what to leave behind. The leaders in our index appear to be better than most at addressing the twin goals of simplicity and growth. It is their intimacy with the customer, their deep knowledge of their needs that enables these leaders to move faster with greater certainty and conviction and orchestrate growth across the organization.”

The effects of COVID-19 continue to be felt around the globe and organizations will need to anticipate and prepare for the changes in their customers’ needs, behaviors and preferences.

They know their customer almost better than the customer knows themselves, through tools such as customer feedback, lookalike modelling, recommendation engines and digital twin technology which are uncovering new, often unarticulated, needs.

David Korunić, CEO of FWD Life Insurance Thailand

Key findings

The findings were as follows:

• Personalization remains the clear driving pillar of loyalty, leading in 21 of the 26 markets

• Integrity remains the pillar driving advocacy across the majority of markets (16 of the 26)

• Grocery retail is the best performing sector in this year’s research, with a CEE score two percent above average

• Thailand and Romania saw the largest increases in country customer experience performance (an increase of three percent and two percent respectively vs 2020).

• Six brands retained their number one spot from last year’s Hall of Fame, as those who performed well in the beginning of the pandemic seem to be capitalizing on that success in 2021.

• Non-grocery retail dominates the 2021 Hall of Fame (10 of the 26 brands), followed by financial services (6) and travel and hotels (5)

• Nearly two thirds of customers are willing to pay more to a company that they see as being ethical, or giving back to the community

Hall of Fame brands

The leading brands in each market were chosen by customers for their performance against The Six Pillars of Customer Experience. They are as follows:

Country	Brand		Country	Brand
Australia	Mecca		Mexico	Holiday Inn
Austria	Fielmann		Netherlands	Keurslager
Belgium	Coolblue		Philippines	S&R Supermarkets
Canada	Lululemon		Poland	Allegro
Czech Republic	Zásilkovna		Romania	Farmacia Tei.ro
France	Mercure		Saudi Arabia	ALBAIK
Germany	Fielmann		Singapore	Singapore Airlines
Hong Kong (SAR), China	Mandarin Oriental		Slovakia	Martinus
Indonesia	Garuda Indonesia Airlines		Spain	Leading online retailer
Italy	Leading online retailer		Thailand	FWD
Japan	Tokyo Disney Resort		US	USAA Insurance banking and investments
Luxembourg	Raiffesen Bank, Spuerkeess		UK	Starling Bank
Malaysia	PETRONAS		Vietnam	FWD

In Thailand, the leading sector in 2021 for customer experience is financial services – with seven of the top ten ranked brands being either insurers or banks. This sector has seen accelerated behavioural changes from its customers in the wake of COVID-19, with many more migrating to digital channels as means of access to and interaction with their financial services providers.

“It’s no great surprise to see financial institutions dominating the top 10 rankings and this is evidence that the sector wide multi-billion-dollar digital transformation programs are now delivering what we as customers really expect, adapting to changes in our own behaviours that continue to accelerate,” says Christopher Saunders, Partner, KPMG in Thailand. “This is a message to those sectors or organisations that have been slow to invest in their own digital transformation programmes – the customer battlefield has never been more fierce and recent events have taught us that you must transform to survive – time is running out for those that have not.”

“We’re proud to be recognised as the No.1 brand for customer experience in Thailand, demonstrating our customer-led culture that ensures we understand, appreciate and care for our customers,” says Mr. David Korunić, Chief Executive Officer of FWD Life Insurance Thailand. “Not only do we meet customers’ needs with tailored products, we exceed them by providing services when they need it most. For example, at the height of the COVID-19 pandemic we made it easier for customers to access our products and services, which required a high degree of collaboration and alignment across the business to create even more touchpoints. We know that by quickly responding to our customers’ needs we’ll continue to create a brand that keeps them coming back”.

To read the full KPMG Global Customer Experience Excellence report, Orchestrating experience, please visit home.kpmg/cee2021

*Customer experience is measured using a Customer Experience Excellence (CEE) score. The CEE score is derived for each brand via a weighted average of the brand’s score for each of The Six Pillars. The weighting is calculated through regression analysis to understand the relative importance of each pillar in driving the two commercial outcomes measured in the analysis: advocacy and loyalty.

Published : November 15, 2021