Evolving the success of Ready-2-Eat and Heat-N-Eat
fresh prepared food has been documented on this blog talked about and written
about a lot for one reason of late. It
is driving top-line sales and bottom-line profits within every sector of retail
foodservice today according to Steven Johnson, Grocerant Guru® at Tacoma,
WA based Foodservice Solutions®.
Are you a retailer Looking A Customer Ahead? Is your food company prepared to succeed in 2020? Here are some of the
advantages to entering or expanding your business within the grocerant niche:
Increase
Customer Counts and Check Average
Many
legacy retailers have practiced brand protectionism so long that their brand
looks more like 1980 than 2019. Rather
than expanding the brand, many restaurants today continue doing what they did
back in the hay-day when almost any concept could succeed in what was an underserved
restaurant marketplace.
The
narrower a legacy brands focus, the more regular routine marketing that brand
has become. The consumer is dynamic not static brands must grow with consumers
or risk capitulating customers. What has worked for 50 years, is not working
today.
While legacy
retailers have honed their brand and supply chain. They have set and defined
boundaries, and it is difficult to get outside of what they have always
done. Today, time and technology have
redefined the consumer playing field.
Your brand must
become dynamic again or risk losing consumer relevance. There is a huge
opportunity to increase ‘share of stomach’ if you elect to evolve you brand
with migrating fresh food consumers. That means to the Ready-2-Eat and
Heat-N-Eat grocerant niche filled with fresh prepared food.
Consumers
Experiment New CPG Today they Migrate to Fresh
Large food retailers
typically pay more at the C-level, and are seen as stable employment currencies
(not-taking risk). One of my client’s CEO’s says “my job is to Do No
Harm”. One problem, consumers are
dynamic not static if your company is not evolving fast enough your year over
year customer counts will be in decline.
Today, doing nothing or very little is simply doing harm.
However, grocerant
niche products, when vertically integrated into an existing brand, can create a
new level of excitement within the entire company. When sales grow, the opportunity for
advancement expands, building team momentum, excitement explodes like a
wildfire. Customers can feel the
proactive positive buzz from employees. Doing nothing, Boring. Doing more of the right something,
Soaring.
Your
Brand is an Invitation be Proactive
Evolving, creating
and driving change is incredibly dynamic, consumer focused. Change can be
contagious if based on customer relevance. Your company will grow and will go
through a bell curve, and you see the whole thing step by step when you
vertically integrate change into your brand and consumer values. If you do not
integrated your innovative messaging, you do not really get to the velocity of
the event/messaging, but change is exciting nonetheless and customers will
still follow.
Consumer Relevance
Means Change
So, how is “Doing no
Harm” working for you? Are you going to tangibly impact your company or
maintain the status quo? Today, like never before companies have the ability to
evolving a brand at a speed not seen since your company was a start-up. What
impact are you going to have on your company? There is a difference between the
work you do and the impact you have.
Fresh Food retailing is evolving at break neck speed. Is your brand evolving fast?
Grocerant
niche is a Springboard to Increased Profitability
If you do nothing but
wait, watch or blame the economy you are very likely to simply spin out of
control. Redefining your brand with consumer relevance will position you too
either create a positive spin off or springboard to the next level. Legacy organizations need to be mindful that
springboards do great things for your organization, your team and your
shareholders.
LTO’s can drive top-line
sales and bottom-line profits while taking you in a new direction. Are your LTO’s leading your brand, testing
your brand or simply copy-cat marketing tactics absent strategy? Doing ‘no harm’.
Foodservice Solutions® specializes in
outsourced business development. We can help you identify, quantify and qualify
additional food retail segment opportunities or a new menu product segment and
brand and menu integration strategy. Foodservice Solutions® of Tacoma WA is the global leader in the Grocerant niche
visit Facebook.com/Steven Johnson, www.Linkedin.com/in/grocerant/ or www.twitter.com/grocerant/
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