0 évaluation0% ont trouvé ce document utile (0 vote)
19 vues3 pages
The document discusses a case study on introducing new flexible packaging for an agricultural product. It outlines:
1. Parameters to consider like customer preferences, affordability, demand.
2. Potential threats like loss of brand recognition and opportunities like lower costs.
3. Strategies to regain market share such as co-marketing, push marketing, and demand generation.
4. Views of stakeholders (distributors, retailers, farmers, salesforce) on the new flexible packaging.
The document discusses a case study on introducing new flexible packaging for an agricultural product. It outlines:
1. Parameters to consider like customer preferences, affordability, demand.
2. Potential threats like loss of brand recognition and opportunities like lower costs.
3. Strategies to regain market share such as co-marketing, push marketing, and demand generation.
4. Views of stakeholders (distributors, retailers, farmers, salesforce) on the new flexible packaging.
The document discusses a case study on introducing new flexible packaging for an agricultural product. It outlines:
1. Parameters to consider like customer preferences, affordability, demand.
2. Potential threats like loss of brand recognition and opportunities like lower costs.
3. Strategies to regain market share such as co-marketing, push marketing, and demand generation.
4. Views of stakeholders (distributors, retailers, farmers, salesforce) on the new flexible packaging.
Management 1. Parameters that need to be mapped before the launch of the new packaging: • Behavior pattern of buyers- A thorough study should be made to know the preferences of the customers, whether they are ready to accept the pouch version of the product or not and also to check how convenient it is. • Affordability- The pouch strategy would prove successful only when the unit price is lower than the price of the bottle • Land holding size and demand of the product- If the land holding size is large in the particular region, then the customers would definitely go for bulk buying rather than purchasing pouches of 40g sizes. • Display pattern at retail outlets- Pouches require proper display patterns as compared to bottles to attract the eyes of customers • Know competition- Many “Me Too” brands pop up easily and affect the sales of the product easily. So, the packaging material should not be easily replicable. Therefore, we should know the competition and try to be different
2. Threats and opportunities of new packaging
Threats: • Product might become unrecognizable- The new packaging might create suspicion in the minds of users regarding the authenticity of the product. There is a probability that they consider it as a duplicate/me-too product. This kind of step can have negative impact on the brand name and might not be accepted by customers in the market. • Improper display in retail outlets- To increase the product visibility, appropriate display pattern is required because bottles can be made to stand easily as compared to pouches. But the retailers might just throw the pouches in one corner of the shelves because they require extra effort. • Mishandling of the product- Careful handling techniques need to be adopted as single tear in the pouches can lead to leakage, which is very unsafe. The channel members involved might not divert so much time towards proper handling and storage. Opportunities: • Capture the low-end segment of the customers- The pouch enables a consumer who may not have been able to afford to spend high, to try a premium product. It might stimulate consumption • Reduction in shipping volume- A carton which could accommodate few bottles can now accommodate many pouches, thus bringing down the logistic charges. • Convenience- Pouches are handy in nature and easy to carry as they are light weight where as bottles are not. • Dose demarcation becomes easy- In case of bottles, farmers need to measure the specific dosage where as in case of using pouches, dose demarcation becomes easy as pouches are available in 40g SKUs.
3. Strategies to regain its lost market share:
• Co-marketing- The company can collaborate with another company who caters to the same target audience and deepen the product penetration in the market and tap more customers in the space • Push marketing strategy- The company should incentivize the retailers to push the product in the market by offering loyalty programmes or better margins. Retailers play an important role in decision making by the farmers as they offer credit as well as knowledge about products to farmers. Using, this relationship the company must promote its product through retailers. • Distribution changes- Instead of just selling the products at specific pesticide or seeds retail stores, diversification can be done by selling it at petroleum pumps, cement shops, etc. which is at a convenient site and accessible to the farmers. • Strong demand generation activities- One of the main reasons for the success of an agri-input product is strong ground level activities done by the company representatives. So, the marketing team should build on doing frequent promotional campaigns like field-day, harvest day, farmer meetings, field demonstrations, etc. The above-mentioned strategy should not only be applied for large farmers but also for small and marginal farmers as they belong to a huge chunk of market share.
4. Views of different stakeholders towards new packaging.
Distributors Retailers Farmers Salesforce
The distributor will He might have to This may or may They might have a have concern about make changes in not appeal to the negative opinion stocking and display patterns, high-end customer on the packaging storage pattern. stocking and segment but would as they would now Pouches would storage pattern to definitely give a have to put more require less space push the product. feeling of effort in educating as compared to Even he needs to affordability to the the customers as bottles. So, this make extra effort low-end customer well as pushing would save much in pushing the segment. the product in the of his storage product in the It may raise market. But they space. Out of all market. question regarding can also use the stakeholders, he authenticity of the small SKUs as would be product in the trial packs to concerned the minds of capture the low- least. customers if not end segment of educated properly. customers.