Years ago, the power balance between manufacturers (suppliers) and retailers was skewed towards the former, but with consolidation in retail and the formation of large players like Tesco & Walmart, the power balance favours retail currently. Imbalance driven by low fragmentation in the sector In the UK, the large grocers/supermarket chains (Tesco, Sainsbury’s, Morrisons and …
Continue reading “Can a shift in power balance help the FMCG sector?”
So you have a great product and you have defined and validated your target audience(consumer segment). How do you deliver your brand/SKU to the customer(brick & mortar/online) and make it available for your target consumers to buy? The next P, Process, covers this aspect. The sales process followed in any organisation influences execution in store …
Continue reading “Process – A newer addition to the traditional 4Ps”
Product is, probably, the most crucial component of the 6Ps. It originates directly from your consumer through an unmet need that they have. This can be a physical item, a service, a platform or software. It is produced at a cost and is made available to the target audience at a price to help fulfil …
Continue reading “Product – the most important element of retail execution & the marketing mix”
This blog is about how lockdown easing is expected to impact sales in different sectors.
So what is the future of retail as it pertains to groceries? We believe that brick & mortar stores, whether they are supermarkets, convenience stores or even open air markets, are here to stay. Online grocery stores will take more share from brick & mortar stores. However, they will co-exist. Total grocery revenues will be …
A month or so ago, I sent out a survey to understand the future of grocery retail across the globe. We got more than 300 responses from 25 countries and across ages ranging from 20 until 70+. Super appreciate everyone who replied. Thank you! Everyone talks about how online buying is on the rise and …
Continue reading “The Future of Retail as we see it at Salesbeat”
So the stars have aligned and you are ready to launch that new food brand that you’ve been developing for the last 6 months. You have the funding, you have found the right manufacturer with the right licenses and you have a national listing. What could possibly go wrong? Consumers don’t want it: Now you …
Continue reading “Top reasons why Food & beverage start-ups and NPDs fail”
