Retail
foodservice is evolving faster than the economy. Consumers are trying new
formats, niche and outlets all seeking quality, affordable authentic meals or
meal components. Retail food operators are evolving product mix and or menu mix
in order to keep up with the changing consumer.
Family after family is expressing that they are now becoming
exasperated, worried and directly affected by the prolonged economic down turn.
McDonalds dropped the Angus burger line, Wendy’s said it must allocate more
marketing dollars to its value menu. 7 Eleven is offering more food and drink
items at $0.99 than ever before and growing store counts.
All the
while grocery stores are providing more and more Ready-2-Eat and Heat-N-Eat
meal component options. Chain Drug stores are now selling Ready-2-Eat fresh
prepared food and Convenience stores continue up grading fresh and prepared
meal offerings. Restaurateurs must rapidly readjust menus to reflect the
increased in fresh prepared ready-2-eat and heat-N-eat meal competition and new
points of food distribution.
If
success leaves clues one key clue is follow the customer as fast as you
can. If you do not your brand may very
well loose its consumer relevance.
During the past three years the grocerant niche has expanded and
excelled. Companies and brands that are
or have been practicing brand protectionism are losing market share to those
practicing brand evolution. New points of fresh food distribution are opening
daily. You have new competitors albeit
some have questionable food quality, other very good quality. What have you
changed of late? How are you evolving?
If you are practicing brand protectionism do you know why?
Foodservice
Solutions® specializes in outsourced business development. We can help you
identify, quantify and qualify additional food retail segment opportunities or
a brand leveraging integration strategy. Foodservice Solutions of Tacoma WA is the global leader in the Grocerant niche visit
Facebook.com/Steven Johnson, Linkedin.com/in/grocerant or twitter.com/grocerant.
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