Have
you heard of Amazon Spotlight? It is a
service that Amazon.com is testing in Seattle, WA where Amazon contracts with
local restaurants for proprietary menu item recipes, cooks the item in a Amazon
owned kitchen and delivers the food fresh to consumers. Then Amazon pay’s the restaurant a fee per order
sold. This allows local restaurant the
ability to expand without a opening a new storefront or buying additional
equipment.
Marketing,
advertising and building top line sales and bottom line profits within the
restaurant space is evolving much faster than most restaurants and even faster
than most chain restaurants want to even think about. What does your business
model look like 1980 or 2020?
In a new study in a titled “Growth Strategies: Unlocking the
Power of the Consumer,” by the Grocery Manufacturers Association and PwC, found
that 40% of CPG companies plan to sell
products directly to consumers this year, finding direct-to-consumer effective
for testing new products and growing their consumer base. Yes, bypassing the
Dollar Store and Grocery Store. How do you test products today?
New avenues of distribution are popping up all
the time. Which have you tired? Are you expanding your brand or placing
limits on it? In our Omni-channel retail world have you looked to see where else your
customers are buying food? Consumer are not eating less they are eating
somewhere else restaurant customer migration continues.
The consumer today while still time-starved, is exploring new flavors
profiles, and new non-traditional points of distribution. Restaurant
chains today must be creating or identifying from existing products or product
lines distinctive differentiated food consumable’s as an entity with identity by day part.
Then
position those uniquely branded products in multiple non-traditional avenues of
distribution that complement existing restaurant locations while embracing
consumers.
Brand growth can no longer be new store growth only in our
Omni-channel retail world. Today, restaurant brand managers must understand the
unique balance between palate, price, pleasure and the consumer’s drive for
qualitative distinctive differentiated new food consumables in all channels
including direct to consumer.
Start your business in restaurant industry to set up new business & get news in restaurant sector
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