2020 year in review.
2020 was a record year for Premium, despite its significant challenges. We celebrated 35 years since our founding and six years since we expanded into Canada. As we reflect, we’re in awe of the continued accomplishments amongst incredible obstacles.
The spotlight on the retail services Premium executes every day became more critical than ever after COVID-19 hit. As the pandemic spread in March and April, Premium answered retail’s changing demands.
To ensure our Premium Heroes remained safe and healthy while working on the frontlines, we sourced and received protective supplies while implementing new health and safety protocols and training. In April, our National Logistics & Distribution Center (NLDC) safely deployed supply kits of face coverings and hand sanitizer to 4,300 field employees less than 24 hours after receiving the materials.
Premium became Rite Aid’s exclusive merchandising services provider in January 2020. And, in a testament to our drug channel team, Walgreens, Rite Aid, and CVS trusted us with additional projects and surge coverage as stores were hit harder than ever.
We expanded grocery and mass coverage and product ordering for Lindt & Sprüngli, and added Foster Grant to our client roster. Expansive resets and revisions in retailers such as Ulta have enabled Premium to develop a specialized Transformation Team, increasing efficiency for clients.
Additionally, Premium’s co-owners Brian and Kevin Travers announced a $1MM commitment to enriching teens’ lives in disinvested communities through technology in partnership with Best Buy. We will continue to work with Best Buy to open five additional Teen Tech Centers around the United States in 2021 and 2022.
With social distancing, stay-at-home orders and curbside pickup taking prominence, we accelerated the development of our digital brand advocacy solutions to assist our clients in adhering to the new world.
In July, we introduced Premium On Demand, which facilitates video interactions between shoppers and product experts from their favorite brands. This fall, we supported Best Buy in developing the Health, Fitness & Wearables category via virtual consultations with shoppers and the rollout of an interactive game series to engage stores and train associates called BrandBuzz.
Premium On Demand
Government influence, consumer attitudes and behaviors, retailer protocols, and local COVID-19 case rates have greatly influenced the store environment this year. Our analytics team provided weekly updates and insights to our clients and leadership team, ensuring field actions and behaviors remained responsive, impactful and geographically appropriate.
We developed nearly 100 new business intelligence dashboards and rolled out the Premium BI mobile app, enabling clients and field teams to interact with real-time KPI performance visualizations and delivering an in-depth view into new business opportunities.
Smartcom, Premium’s predictive analytics engine built exclusively for Walmart suppliers, helped clients overcome out of stocks in a tumultuous year for product inventory.
Our Operations Support Center (OSC) managed nearly 50,000 omnichannel interactions via phone, email, and text. Additionally, our specialists ensured quality by completing 6.6 million photo reviews. Greenlight, our real-time photo validation solution, prevented over 6,000 revisits by providing reps with near-instant corrective action or approval.
Employee Recognition & Development
In our 2019 Town Hall, we asked our team what Premium could improve upon in 2020. Their answer was career development and performance incentives.
We responded by launching Premium Proud, a new employee recognition program designed to recognize and reward top-performing field team members. In our continuing commitment to help our employees #GrowWithPremium, 18% of our field team members received promotions this year.
Premium’s training team also developed the University of Premium (UP) this year for self-guided career and personal development. UP will contain several development paths ranging from Field to Executive-level leadership. All employees will be eligible to apply in 2021.
We’re proud of the continued focus on culture and employee engagement at Premium. This year, we were certified as a Great Place to Work in Canada and awarded St. Louis’ Top Workplaces for the third year in a row.
We’re thankful for our extended Premium family – team members, clients, and partners. As an organization, we deemed Q4 2020 as “Mission: Possible,” and your collaboration has undoubtedly contributed to the many missions completed in 2020. Here’s to a fantastic 2021!