Rationale for Country Selection
Sea salt flavor of Burts Potato Chips has been selected to export to the Singapore where company is not currently operating. Singapore is the highly developed country in the South East Asia where can be described as a one of the global financial hub. It is renowned for strict local laws, stability and security. (BBC, 2015)
Singapore savory snack market had total revenue of $248m in 2013 and value has been strongly grew at a compound annual rate of 5.5% in the period of 2009-2013. Performance of market is forecast to drive the market to a value of $307.3m by the end of 2018.Under the processed snacks category Potato Chips recorded the highest volume consumption in 2014. (Marketline, 2014). Therefore, considerable amount of consumers can be seen in potato chips industry in Singapore.
Singapore is a high income economy of GDP $307.9 and $55,150 per capita income as of 2014. According to the World Bank reports Singapore
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The food and safety standards of Singapore is authorized by Agri- Food and veterinary Authority (AVA). According to the AVA reports, least number of food borne diseases are recorded in the world while depending on the imported foods. Stringent food safety standard are observed by AVA as a national authority for food safety in Singapore. (www.ava.gov.sg, 2015) Burts Potato Chip is handmade with best natural ingredients. It’s free from MSG, artificial colour flavorings gluten and hydrogenated fat. Thus, Singapore Food and safety standards are met by Burts Potato chips.
Singapore is the destination for high standard education system. Two universities are listed within the world’s top 15 universities. (www.topunversities.com, 2015) As an international country university students are migrate from all over the world. They have been influenced by western eating habits so British handmade potato chip can be considered as the marketable product in this
Howard Moskowitz, a food industry consultant, detailed how to increase the flavor appeal of Dr. Pepper by its consumers, with large amounts sugar. In Prego spaghetti sauce, after tomatoes, sugar was made the next greatest ingredient in amount. The classic Lay’s potato chip brand included many different flavors such as chips with salt & vinegar, salt & pepper, cheddar, and sour cream flavoring. Mr. Moss goes on to describe how Frito-Lay executives hope to develop “designer sodium,” which may decrease the sodium content of their products by a considerable
It is recommended that Frito-Lay’s (FLD) aggressively promote its current line of shelf-stable, “chip dip” products and should not enter the “vegetable dip” market until a future date.
Singapore: It has growing affinity for Western-products. The per capita GDP of US$28,100 and is 5th wealthiest in the world. It has 100% urbanization rate with third most expensive Asian country to live in. The existence of rival Morton's Steakhouse and its ability to survive there shows that the consumers have the liking toward this concept.
Popchips is a chip brand who claim their chip is a healthy snack. Popchips claimed that they do not use any flavor enhancer, no added preservatives, no fake flavors, and no synthetic colors. Their product use all-natural ingredients from non-GMO sources (Faq). This particular ad created by Popchips used a bright red color that brings the audience’s eyes to attention. The ad is divided into three sections. The top section writes “less guilty, more pleasure.” Three stacks of potato chips at different height are in the middle of the page. An enormous “100 calories” laid behind the three potato chip stacks. Below each stack is the names of chip types including: fried chips, kettle style chips, and Popchips. Underneath the names are short nutrition facts of the chips. The bottom section depicts a short description of Popchips.
Each type has special flavor to meet customer’s interest and eating style. Acecook Vietnam focuses on the average segment, Masan Consumer focuses on the premium segment with higher price products like Omachi, Kokomi. Masan is concentrating on unique to make it different. Omachi resolves customer’s worries when they eat instant noodle that it make hot inside. Omachi is made by Potato fiber, really delicious but hot unfear. Or “Oh! Ngon’ creates a special flavor to the consumer, experience with ‘genuine
Scott Snacks Limited (SSL) is a private limited company that manufactures and markets “Muckle Chips”. The company is owned and managed by Scott Mackie. He fashioned this product when he recognised that there was a gap in the market for “for one” size bags of their crisps, and that his product could do well in this marketplace. SSL have a small factory in Scotland, outside
The Snap Pea Crisps are supposedly healthy but wait till you see what is in them. Companies always try to make their foods sound healthy but when you look and the nutrition label you will realize that they are not healthy at all. The one thing no one can change or hide is the nutrition label. “This product is highly processed. If you'll take a look at its ingredient list, you'll discover new words to add to your vocabulary. Many of theses ingredients are required to increase the shelf life of the product and improve the flavor that disappears when food is not fresh.” (fooducate) These products may help save the life span to the food but it does not help with your life at all. Some products actually cause your life to be shorter if you eat
utterly staggered nonsense eminating from the vacuums of eternity winds of spirits and bones blowing viciously blistering me to the ground eruptintg joyously with a fierce greivance whipping wildly into the dawn Savage senses take hold engrossing, nonsense grows closer wild orange light burning savagley for all paradigms we all gather around and enjoy effigys and fires and company and the joys and sorrows of life and death remains... in the hands of the
Economic wealth :Singapore is one of the richest countries in the world because they reserved of natural gas
Frito-Lay first toyed with multigrain snack chips in the 1970s, when research indicated a need for a snack in this category. Prontos, released in 1974 and distributed for four years, weren’t incredibly well received. While a lack of success is attributed to a confusing name, poor manufacturing and too narrow a market, Dwight Riskey, VP of Marketing Research and New Business, admits that he is “not sure there were dramatic things wrong with the product design [...]. It may have been invented and introduced before its time.” This sentiment was reflected in the Harvest Project in the early 1980s, when Frito-Lay developed several multigrain products to attempt and have a possible healthy alternative to saltier snack foods for the baby-boomer generation. Lackluster response caused the project to stall into the mid 80s as focus was put on developing new flavors and healthier alternatives in other brands.
It is also easy for many other companies to set up headquarter in Singapore as their starting point in Asia to make it possible to reach to its market point. In addition, Singapore is unique in different lifestyles and culture. It is also known for its capability of attracting sizable foreign investment, pro-business environment and entrepreneurs. Singapore focuses more on a knowledge based economy which can be seen in its education sysem. Furthermore, Singapore is located in the heart of Asia and it plays an important role in international
In the article “Why the Fries Taste Good” the author points out how the French fries, once made fresh and natural handmade ingredients, now contain “natural flavor” that are actually made of chemicals and artificial ingredients, which severely affect our health. Schlosser argues that companies like IFF are artificially creating aromas of every kind to make our food taste and smell good, with the exclusive purpose to increase the producers’ profit. This article warns the consumers about all the chemicals contained in processed foods, which are labeled as natural flavored with the sole intent to mislead them. Indeed, the market of processed food does not take in consideration one’s health by focusing on creating addiction on hordes of unsuspecting
My research will be based on Political, Economic, and Social Organization of Singapore—an industrialist city-state. Even though Singapore 's history dates from the 11th century, the island was little known to the West until the 19th century. Singapore is one of the World 's largest ports, because the city of Singapore has become a major port, with trade exceeding that of Malaya 's, Malacca and Penang combined. The opening of the Suez Canal in 1869 and the advent of steamships launched an era of prosperity for Singapore as transit trade expanded throughout Southeast Asia (Bureau of East Asian and Pacific Affairs, 2010). Singapore is a very
Singapore has a highly developed market which has historically revolved around extensive exports trade, in other words an export driven economy hugely dependant on export of goods to other countries.
Singapore is an island that lies just off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean. Its strategic location on major sea lanes has provided the country with an economic importance in Southeast Asia. Singapore is often considered as a base for global enterprises looking to expand into Asia and Asian enterprises looking for global connectivity. Located at the heart of Asia, Singapore is sitting at the centre of business opportunities. Having the four key attributes - Trust, Knowledge, Connected and Life, Singapore is being positioned as an ideal city to Work, Live and Play. Singapore was ranked first in Mercer’s Quality of Living Survey 2009.