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GeoIp2\Model\City Object ( [raw:protected] => Array ( [city] => Array ( [geoname_id] => 4509177 [names] => Array ( [de] => Columbus [en] => Columbus [es] => Columbus [fr] => Columbus [ja] => コロンバス [pt-BR] => Columbus [ru] => Колумбус [zh-CN] => 哥伦布 ) ) [continent] => Array ( [code] => NA [geoname_id] => 6255149 [names] => Array ( [de] => Nordamerika [en] => North America [es] => Norteamérica [fr] => Amérique du Nord [ja] => 北アメリカ [pt-BR] => América do Norte [ru] => Северная Америка [zh-CN] => 北美洲 ) ) [country] => Array ( [geoname_id] => 6252001 [iso_code] => US [names] => Array ( [de] => USA [en] => United States [es] => Estados Unidos [fr] => États Unis [ja] => アメリカ [pt-BR] => EUA [ru] => США [zh-CN] => 美国 ) ) [location] => Array ( [accuracy_radius] => 20 [latitude] => 39.9625 [longitude] => -83.0061 [metro_code] => 535 [time_zone] => America/New_York ) [postal] => Array ( [code] => 43215 ) [registered_country] => Array ( [geoname_id] => 6252001 [iso_code] => US [names] => Array ( [de] => USA [en] => United States [es] => Estados Unidos [fr] => États Unis [ja] => アメリカ [pt-BR] => EUA [ru] => США [zh-CN] => 美国 ) ) [subdivisions] => Array ( [0] => Array ( [geoname_id] => 5165418 [iso_code] => OH [names] => Array ( [de] => Ohio [en] => Ohio [es] => Ohio [fr] => Ohio [ja] => オハイオ州 [pt-BR] => Ohio [ru] => Огайо [zh-CN] => 俄亥俄州 ) ) ) [traits] => Array ( [ip_address] => 216.73.216.58 [prefix_len] => 22 ) ) [continent:protected] => GeoIp2\Record\Continent Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [code] => NA [geoname_id] => 6255149 [names] => Array ( [de] => Nordamerika [en] => North America [es] => Norteamérica [fr] => Amérique du Nord [ja] => 北アメリカ [pt-BR] => América do Norte [ru] => Северная Америка [zh-CN] => 北美洲 ) ) [locales:GeoIp2\Record\AbstractPlaceRecord:private] => Array ( [0] => en ) [validAttributes:protected] => Array ( [0] => code [1] => geonameId [2] => names ) ) [country:protected] => GeoIp2\Record\Country Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [geoname_id] => 6252001 [iso_code] => US [names] => Array ( [de] => USA [en] => United States [es] => Estados Unidos [fr] => États Unis [ja] => アメリカ [pt-BR] => EUA [ru] => США [zh-CN] => 美国 ) ) [locales:GeoIp2\Record\AbstractPlaceRecord:private] => Array ( [0] => en ) [validAttributes:protected] => Array ( [0] => confidence [1] => geonameId [2] => isInEuropeanUnion [3] => isoCode [4] => names ) ) [locales:protected] => Array ( [0] => en ) [maxmind:protected] => GeoIp2\Record\MaxMind Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( ) [validAttributes:protected] => Array ( [0] => queriesRemaining ) ) [registeredCountry:protected] => GeoIp2\Record\Country Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [geoname_id] => 6252001 [iso_code] => US [names] => Array ( [de] => USA [en] => United States [es] => Estados Unidos [fr] => États Unis [ja] => アメリカ [pt-BR] => EUA [ru] => США [zh-CN] => 美国 ) ) [locales:GeoIp2\Record\AbstractPlaceRecord:private] => Array ( [0] => en ) [validAttributes:protected] => Array ( [0] => confidence [1] => geonameId [2] => isInEuropeanUnion [3] => isoCode [4] => names ) ) [representedCountry:protected] => GeoIp2\Record\RepresentedCountry Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( ) [locales:GeoIp2\Record\AbstractPlaceRecord:private] => Array ( [0] => en ) [validAttributes:protected] => Array ( [0] => confidence [1] => geonameId [2] => isInEuropeanUnion [3] => isoCode [4] => names [5] => type ) ) [traits:protected] => GeoIp2\Record\Traits Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [ip_address] => 216.73.216.58 [prefix_len] => 22 [network] => 216.73.216.0/22 ) [validAttributes:protected] => Array ( [0] => autonomousSystemNumber [1] => autonomousSystemOrganization [2] => connectionType [3] => domain [4] => ipAddress [5] => isAnonymous [6] => isAnonymousProxy [7] => isAnonymousVpn [8] => isHostingProvider [9] => isLegitimateProxy [10] => isp [11] => isPublicProxy [12] => isResidentialProxy [13] => isSatelliteProvider [14] => isTorExitNode [15] => mobileCountryCode [16] => mobileNetworkCode [17] => network [18] => organization [19] => staticIpScore [20] => userCount [21] => userType ) ) [city:protected] => GeoIp2\Record\City Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [geoname_id] => 4509177 [names] => Array ( [de] => Columbus [en] => Columbus [es] => Columbus [fr] => Columbus [ja] => コロンバス [pt-BR] => Columbus [ru] => Колумбус [zh-CN] => 哥伦布 ) ) [locales:GeoIp2\Record\AbstractPlaceRecord:private] => Array ( [0] => en ) [validAttributes:protected] => Array ( [0] => confidence [1] => geonameId [2] => names ) ) [location:protected] => GeoIp2\Record\Location Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [accuracy_radius] => 20 [latitude] => 39.9625 [longitude] => -83.0061 [metro_code] => 535 [time_zone] => America/New_York ) [validAttributes:protected] => Array ( [0] => averageIncome [1] => accuracyRadius [2] => latitude [3] => longitude [4] => metroCode [5] => populationDensity [6] => postalCode [7] => postalConfidence [8] => timeZone ) ) [postal:protected] => GeoIp2\Record\Postal Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [code] => 43215 ) [validAttributes:protected] => Array ( [0] => code [1] => confidence ) ) [subdivisions:protected] => Array ( [0] => GeoIp2\Record\Subdivision Object ( [record:GeoIp2\Record\AbstractRecord:private] => Array ( [geoname_id] => 5165418 [iso_code] => OH [names] => Array ( [de] => Ohio [en] => Ohio [es] => Ohio [fr] => Ohio [ja] => オハイオ州 [pt-BR] => Ohio [ru] => Огайо [zh-CN] => 俄亥俄州 ) ) [locales:GeoIp2\Record\AbstractPlaceRecord:private] => Array ( [0] => en ) [validAttributes:protected] => Array ( [0] => confidence [1] => geonameId [2] => isoCode [3] => names ) ) ) )
country : United States
city : Columbus
US
Array ( [as_domain] => amazon.com [as_name] => Amazon.com, Inc. [asn] => AS16509 [continent] => North America [continent_code] => NA [country] => United States [country_code] => US )
Imagine if:
So, E-commerce data analytics technology is coming all through. And you and your organization must be ready for that. This blog aims to explain CPG manufacturers are leveraging a new label of data analytics to boost their e-commerce sales while minimizing human effort and time. This clearly indicates that inculcating prescriptive analytics technology will bring a significant rise in sales and profitability.
This blog will answer questions that many of you might have:
As we have entered the new year, 2023, one thing is prominent; consumers continuously strive to purchase private label products to save money. Instead of brick-and-mortar stores, consumers prefer to shop from online stores. This has given CPG companies to extend their digital reach. Specific reports state that approximately 60% of consumers fear visiting stores. This has resulted in reaching the percentage of online shopping to 50%. So, what are the chances of these emerging brands to compete with the growth of private labels? Let me answer this. There is still hope for emerging brands if they remain aware of the market shape and how to react.
Over the years, retailers have continuously worked towards enhancing the quality and packaging of their private-label product offerings. NIQ data suggests that private-label food sales have risen 16% over the past two years. This reached $133.5 billion at the end of March 2022. By Q4, the private label grew stronger.
Although Private Label has been growing for a few years, but, in 2022, they witnessed rapid growth. And the most significant driver for this growth is approaching recessions and rising concerns over inflation. In October, when inflation peaked, the sales for value-based retailers increased by 10%. This captured 42% of CPG sales.
With the rise in online grocery shopping, a certain amount of user data gets generated. This results in online CPG business with tremendous opportunities. The use of e-commerce Performance analytics will bring noteworthy benefits and, indeed be a game modifier for CPG companies in an extremely competitive market. In a recent survey, nearly 52% of the CPG respondents reacted promptly and analyzed faster. Another 7% of the responders expected their analytics to achieve 25% of their total IT expense by 2023. However, companies are continuously looking to strengthen their initiatives in data analytics.
In order to align strategies and business models with rising consumer trends and requirements, CPG companies need to invest more in analytics. The first step is to outline the type of considerable data. Although, there is no significant data set to be used across all businesses. The data requirement varies as per the specific requirements of the market, industry, and sometimes individual’s business entities. The dataset is categorized into consumer-behavior data and product-based data. Consumer-behavior data includes logging and tracking purchase behavior, online shoppers’ trends, preferences, etc. Customer- specific datasets are:
Product-specific datasets are:
After acquiring the necessary data, the next step is obtaining insights from the available data. To achieve this, a specific analysis is done. Data obtained can be utilized in the following ways:
Personalized marketing: This involves considering consumer behavior by understanding their preferences and generating recommendations.
Order fulfillment:This involves understanding bulk buying behavior and molding their business approach accordingly. Furthermore, this also includes capturing data from omnichannel sources and creating data to ingest and analyze from multiple sources.
Product launches: This will offer the CPG companies several new opportunities to control user data. It will thus help them to redefine personalized recommendations with new offerings and perspectives.
Category-specific decision-making: eCommerce performance analytics will highlight all the weaknesses, strengths, opportunities, and inefficiencies within a product category. Those businesses that have successfully implemented data analytics- enabled decision-making has seen a significant rise of 22% in demand for specific products.
While creating a strong eCommerce data foundation, CPG companies need to consider the following:
Building data pipelines: It is highly imperative to create a scalable data pipeline that must be hosted in a cloud environment. This involves aggregating data from multiple sources, storing it, and in-memory processing.
Data warehousing: As the data gets collected by data pipelines and gets stored in a structural format using ETL, this data acts as a sole source of simplifying the analysis and reporting processes of the company.
Data governance: This comprises generating processes for data availability, visibility, integrity, and security.
ML models in production: Incorporating production-ready machine learning models into the workflows will be the secret to optimizing available data and achieving the utmost business benefits.
Use of AI: Predictive analysis will improve financial metrics and overall customer experience. This will help transform processes, optimize operations, and enhance customer experiences.
Conclusion: Thus, to conclude, in 2023 and beyond, ensuring that you aren’t losing CPG sales to Private label brands means you must have a strong hold on the data types you are collecting. Overall. You must look into consumer insight, retail , and marketing data. Consumer and retail insights together will provide you with a brief insight into your brand, competition, and category.
For more information, contact Actowiz Solutions now! You can also reach us for all your mobile app scraping and web scraping services requirements.
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Industry:
Coffee / Beverage / D2C
Result
2x Faster
Smarter product targeting
“Actowiz Solutions has been instrumental in optimizing our data scraping processes. Their services have provided us with valuable insights into our customer preferences, helping us stay ahead of the competition.”
Operations Manager, Beanly Coffee
✓ Competitive insights from multiple platforms
Real Estate
Real-time RERA insights for 20+ states
“Actowiz Solutions provided exceptional RERA Website Data Scraping Solution Service across PAN India, ensuring we received accurate and up-to-date real estate data for our analysis.”
Data Analyst, Aditya Birla Group
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Organic Grocery / FMCG
Improved
competitive benchmarking
“With Actowiz Solutions' data scraping, we’ve gained a clear edge in tracking product availability and pricing across various platforms. Their service has been a key to improving our market intelligence.”
Product Manager, 24Mantra Organic
✓ Real-time SKU-level tracking
Quick Commerce
Inventory Decisions
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Aarav Shah, Senior Data Analyst, Mensa Brands
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3x Faster
improvement in operational efficiency
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Business Development Lead,Organic Tattva
✓ Weekly competitor pricing feeds
Beverage / D2C
Faster
Trend Detection
“The data scraping services offered by Actowiz Solutions have been crucial in refining our strategies. They have significantly improved our ability to analyze and respond to market trends quickly.”
Marketing Director, Sleepyowl Coffee
Boosted marketing responsiveness
Enhanced
stock tracking across SKUs
“Actowiz Solutions provided accurate Product Availability and Ranking Data Collection from 3 Quick Commerce Applications, improving our product visibility and stock management.”
Growth Analyst, TheBakersDozen.in
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Real results from real businesses using Actowiz Solutions
In Stock₹524
Price Drop + 12 minin 6 hrs across Lel.6
Price Drop −12 thr
Improved inventoryvisibility & planning
Actowiz's real-time scraping dashboard helps you monitor stock levels, delivery times, and price drops across Blinkit, Amazon: Zepto & more.
✔ Scraped Data: Price Insights Top-selling SKUs
"Actowiz's helped us reduce out of stock incidents by 23% within 6 weeks"
✔ Scraped Data, SKU availability, delivery time
With hourly price monitoring, we aligned promotions with competitors, drove 17%
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