World of Sweets Chooses Algonomy's Personalisation Platform to Treat Its B2B Customers to a Taste of 1-1 Personalised Experiences
BENGALURU, India and SAN FRANCISCO, June 6, 2023 /PRNewswire/ -- Hancocks, the UK's largest confectionery wholesaler, part of the World of Sweets Group, today announced it will deploy Algonomy's Omnichannel Personalisation Platform to develop a deeper understanding of their customers and deliver experiences that are in tune with their varied customer base.
By using advanced AI, customer segmentation, and predictive models that Algonomy's platform affords, Hancocks is set to deliver online content, product recommendations, search results, and browsing experience based on individual customer profiles.
Wholesaler Hancocks serves a range of customers, from convenience stores and independent retailers to smaller online confectionery businesses. Alongside its 14 depots located across the UK, Hancocks offers its customers a strong e-commerce alternative.
The site serves more than 55,000 customers per week offering a click-and-collect and delivery service. The company generates a quarter of its business online. With over 4,000 products, there is a whole load of choices that customers need to make to find what is right for them. This diversity of customer types, purchase behaviours, and needs means an evolving and dynamic site experience is needed for every customer.
This is where Algonomy comes in to automate customer profiles based on customer type, custom pricing models, and explicit knowledge of when and how each shopper purchases. These real-time profiles provide insights that help deliver contextual engagement every time a customer visits the site.
"Algonomy was the perfect fit for our requirement as their personalisation platform encompasses not just product recommendations but also other path-to-purchase touchpoints of Search, Navigation, and Content," said Gareth Walbyoff, eCommerce Director at Hancocks.
Algonomy's personalisation platform uses a library of 150+ pre-built strategies to ensure every customer engagement is contextually relevant. Besides offering pre-built strategies, the platform provides configurable strategies that allow non-technical users to create their own personalisation strategies for specific use cases. This self-serve personalisation capability eliminates the dependency on technical/IT teams, enabling business users to evaluate their hypotheses on the fly.
By deploying the platform, Hancocks will extend its leadership position with the seamless delivery of end-to-end, multi-channel personalisation to customers based on individual preferences and behaviours. The platform also provides advanced merchandising and brand controls that will help the company align personalisation with specific business goals — engagement, conversion, active promotions, basket size, or margin management.
"We are excited to be a part of Hancocks' growth story. We look forward to helping them convert every digital interaction into a personal experience for their customers, and thereby drive greater engagement and revenue," said Lisa Flanagan, Head - Revenue at Algonomy.
About Algonomy
Algonomy (previously Manthan-RichRelevance) empowers leading brands to become digital-first with the industry's only real-time Algorithmic Customer Engagement Platform that unifies data, decisioning, and orchestration across marketing, digital commerce, and merchandising for the retail industry. With industry-leading retail AI connecting demand to supply with a real-time customer data platform as the foundation, Algonomy enables 1:1 omnichannel personalisation, customer journey orchestration, merchandise analytics, and supplier collaboration. Algonomy is a trusted partner to more than 400 leading retailers and brands, QSRs, convenience stores, and more; with a global presence spanning over 20 countries.
More at algonomy.com.
About Hancocks
Hancocks is the UK's leading confectionery wholesaler with 14 nationwide cash and carry stores and an online channel www.hancocks.co.uk. Customers can shop online 24/7 with delivery to the door or click-and-collect options. Hancocks is the one-stop shop for confectionery wholesale for over 25,000 independent retailers and is part of the World of Sweets group.
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Nitish Agarwal
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SOURCE Algonomy
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