The Fast Moving Consumer Good (FMCG) that I have chosen to analyse is Arnott’s Tim Tam Balls (Refer to Appendix One for product picture).
To explore the product from both a marketing and design perspective it is appropriate to conduct a SWOT analysis.
Strengths
Tim Tam Balls are a brand extension from one of Arnott’s best selling products, Tim Tam Biscuits. Arnott’s created the product as an easy to eat snack while on the go or as an after dinner snack. The easy to open soft packaging ensures that the product is for people on the go and thus Arnott’s are able to broaden their consumer base.
To avoid the risk of diluting or changing the meaning of the core brand (Tim Tam Biscuits) Arnott’s have maintained similar colours on
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This allows the company to branch out from its traditional round shape snack to say love hearts for Valentines Day, Christmas Trees at Christmas time.
The packaging states that they are ‘original’ flavouring. This allows for flavour development such as caramel and mint slice. In summary, product development is easily achievable.
Because the product is relatively small in size, Arnott’s are easily able to develop marketing campaigns to promote the product where the product is sold. Examples of campaigns would include point of sale ‘sell strips’ that hang from the supermarket shelves. This would increase brand awareness and shelf impact of the product.
While the packaging of the Tim Tam balls is altered, the core brand values of Arnott’s and Tim Tam biscuits is not lost. The packaging still displays the Arnott’s logo with the rosella bird and slogan “there is no substitute for quality”. The product is able to leverage itself from these core values to assert that the product is of good quality. This is called a leveraged superbrand.
Threats
Consumers may underestimate the taste of Tim Tam Balls due to the linkage of Tim Tam biscuits. Because of the popularity of Tim Tam Biscuits, consumers are expecting a very similar product in form and shape.
Due to this, it is easy for the consumer to relate Tim Tam balls to a competitor’s product such as Malteser’s, which a consumer may already have a preference for.
Developing a new flavor at Ben & Jerry’s is mostly a collaborate effort between Research & Development, Operations, Marketing and sometimes because of retail opportunities (feedback from the customers). There are a few ways in which a new flavor is born. Mostly, Research & Development creates a new flavor, and Marketing has to figure out an attractive name for it. Or once, Marketing have name to Research & Development, ‘Wavy Gravy’, who tried 159 times before they came up with the right flavor to go with the name ! Also consumers send in a lot of ideas for great names, like ‘Chunky Monkey’ and ‘Cherry Garcia’. It’s up to R&D to figure out the best flavor to go with those names.
Our long term storage, flavour options, and superior nutritional value will potentially give us a superior market position.
Aside from coffee and other beverages, Tim Hortons now include a number of baked goods such as donught holes (known as Timbits), muffins, croissants, biscuits, cookies, and bagels among others. In the mid-1990s, the franchise moved to other specialties such as flavored cappuccino, iced cappuccino, cheesecakes and a lunch selection of soups, chili and submarine style sandwiches. In October 2007, Tim Horton’s launched the chicken fajita wraps which contains spiced chickens and sautéed vegetables but was changed in to ranch chicken wrap snickers. Soon hash browns and Bagel B.E.L.T was
These stores have just been recently openend, so their is no data yet on record forinstance in regards to their packaging and labeling. The company unfortunatly does not make any effort in publicing this information.
The Chill mints have a new and unique design and mints were larger in size themselves than regular Tic Tac mints. Additionally, Tic Tac uses natural sweetener attracting more diet-conscious and diabetic customers. This new product has a versatile design that has flip-top packaging unlike the other products. At the same time, it keeps the originality of Tic Tac mints while retaining the classic packaging and product image.
There are regular promotional tie-in versions of the Kraft Dinner, aimed at kids. Packages have come with pasta in the shapes of various characters popular with children, such as Looney Tunes, Super Mario Bros., Pokémon, Spider-Man, Rugrats, The Fairly OddParents, The Flintstones, Peanuts Scooby-Doo, Madagascar, How to Train Your Dragon, Toy Story, Phineas and Ferb, Cars, Monsters University, Finding Dory, SpongeBob SquarePants, Minions, Teenage Mutant Ninja Turtles, and Star Wars. ( Per D.L Stewart) Although Kraft markets heavier towards children, they started to release more products under the product banner. These new products were aimed at the adult consumers by adding more quality items to the blue box. The new versions of macaroni and cheese had shaped different pasta and variety of cheese sauces and add ons.
The product itself is ice cream flavored gummies. Gummies that are designed to taste and look like as if you were getting soft serve ice cream on a wafer cone. The flavors are vanilla bean, chocolate, strawberry, mint, and even a cone flavor. The cone flavor is a caramelized brown sugar gummy so it is neutral enough that it does not take away from the ice cream, but it also reminds someone of the taste of a cone. We are calling the product Eis Gummi, which is German for Ice Cream gummies. We chose this name because gummy bears originated in Germany, and the name Eis Gummi is a short, clever name for Ice Cream Gummies.
The label of their individually wrapped chocolates says their name, the type of chocolate it is, organic if so, and describes the premium ingredients such as the peppermint oil infused mint dark chocolate shown below. Under the Holiday tab of their website, the brand sticks firmly to their sleek and modern design by simply offering bundled gift boxes instead of directly targeting specific holidays and religions for their products. These boxes are sleek and slender, called a library by the company, and have beautiful, nature inspired,
In terms of rarity, Rogers can get lost in the shuffle of other well-known brands such as Godiva, Lindt, Purdy, Rocky Mountain Chocolate Factory and Laura Secord. All brands provide a high-end product offering so the lack of rarity in this area does not present Rogers with a sustainable competitive advantage. Similarly, this means that it would be relatively easy to substitute many of their products for products made by competitors - it is only Rogers’ more unique products like their almond bark and nutcorn that may be more challenging to imitate.
The high quality of the product is certainly a crucial factor for the success of the proposed strategy. The stress on the genuine origin of the ingredients and the company 's name "Homemade" creates and nourishes this impression in the eyes of the customer. The company 's strong R&D department constantly develops new, this helps to create the cutting edge innovative flavors. Even though the barrier to imitation is extremely low to stay ahead of the competition.
The confectionary market consists of retail sales of chocolate, gum, cereal bars and sugar confectionary. The chocolate segment of the market was the most profitable in 2014, with a total revenue of $18,835.3m USD, which equates to 50.4% of the markets total value while the sugar confectionary segment achieved a total revenue of $11,193.8m USD, equalling 29.9% of the markets aggregate value. (MarketLine 2015, p.7)
The Ferrero Group has a successful and popular product (Tic Tac) that has remained a top competitor in the breath mint industry. They have been able to remain competitive by upgrading their product throughout the years. Tic Tac 's brand recognition began in 1969 and The Ferrero Group started to introduce new flavors in the 1970s. In the 1980s, to keep up with the health craze, they marketed Tic Tac as "The 1 1/2 Calorie Breath Mint". They would also introduce many other flavors over the next 20 years to further diversify flavor options.
The commercials also helped get the word out in a humorous way to give insight and show how Tyson protein adds strength and energy to everyday life. The marketing department specifically concentrates on things that focus towards consumer targets such as fast and easy or even pre-cooked. A major key point is to provide some relief to everyday consumer problems such as less prep time for meals or as easy as popping it into the oven. Marketing paper advertisements are primarily for adults who prepare the meals for their selves or for the family. Television advertisement is done solely without violence, prejudice, sex, and profanity. All marketing advertisement whether printed or aired on television does not disparage any religion, ethnic, or political group. As an ongoing basis, Tyson thrives to identifying the distinctive markets and business opportunities best for the company. Tyson is committed to finding the everyday solution for customers and the consumers through research and by coordinating a mix of activities on both rational and emotional levels.
The Bakers delight “Finger Buns” advertisements has been criticized by parents and health advocates as ethical issues surround the advertisement to young children. The advertisement was displayed on signs around Sydney shopping centres and on various billboards in Sydney. The main focus on ethical issues surrounding children was the finger buns that are covered in chocolate M&M's featured on the advertisement. It is clear that the advertisement’s primary target market is primary school children and a quick and easy school lunch is advertised. The bakers delight advertisement is considered as unethical as it undermined the promotion of healthy foods. The advertisement
Product description: Premium, High Quality Organic Chocolate Bars of various flavours. The company is part of the ‘World Fair Trade Organization’.