Note from TWIST: As a writer for the Philippine Daily Inquirer, I've covered the annual Ayala Malls Merchant Rewards for the last five years. Every year, the accompanying merchants forum talks about interesting and important topics that are timely and timeless. Ayala Malls came out with a 10-page special section in the Inquirer last March 31. Here's an excerpt of one of the articles I wrote. More coming up soon! Enjoy! :) - Kenneth M. del Rosario
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Some of the winners in this year's Ayala Malls Merchant Rewards |
Amidst all the choices and extensive information consumers
have at their fingertips, it has become a question of how well retail brands
can tap into brand influencers, experts and brand ambassadors alike to help them
navigate—and come out as winners—in the country’s ever evolving retail
landscape.
Nowadays, shoppers look toward industry influencers—those
who seem to have authority in their respective fields—to help them decide which
latest fashion trends to follow; what must-have gadgets they need to check out;
and what the next big dining establishment is in the offing.
Clearly, the shifting shopping behaviour in the country is
the result of consumers who have become more democratic, demanding, and more
informed about the product and services they need and want.
These relevant issues, among many others, were discussed at
the 8th Ayala Malls Merchant Rewards held last March 19 and 20 at
the Intercontinental Manila in Makati City. The two-day forum is one of the components of the 14th Ayala Malls Merchant Rewards, where deserving merchant partners receive awards.
With the theme “In the Sphere of Influencers: What’s Next?” expert
speakers and panellists were invited to share their valuable insights on
maximizing a product or a brand’s influence on the public through various
platforms and marketing channels; and harnessing new ones to stay relevant in
today’s seemingly fickle market.
The Merchant Rewards, as is tradition now, comes in two
parts: The two-day 8th Merchants Forum that gathers the most respected
experts and panellists; and the actual Awards Nights where deserving partner
merchants are recognized for their efforts in the past year.
The 8th Merchant Forum lined up an impressive
roster of speakers from here and abroad who are the leading experts in their
respective industries. (More of the speakers and their presentations later.)
The event’s key note speaker is no less than tourism
secretary Ramon Jimenez, Jr. who emphasized the power of “Brand Philippines” in
the country’s bid to get a bigger chunk of the tourists from around the world.
With the extensive sources of information—traditional media,
digital media, social networks (Facebook, Twitter, Foursquare, and the likes),
the most important thing for retailers to do is to stay one step ahead of the
rest by keeping an eye on effective industry influencers that can propel their
brands into household names.
Soon, these partnerships with brand ambassadors and experts should turn the positive hype into a more productive
brand names that bring continuous business for years to come.
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