1.0 Background of Tutti Frutti Naza Group of Companies, Malaysia’s largest and prestigious importer of luxury automobiles was originally founded in 1975. They are the main importer and distributor of automotive brands such as Ferrari, Peugeot and Brabus but to name a few Naza has all but grown into a leading conglomerate in Malaysia. The company has expanded into a variety of prominent industries, which includes property development, motorbikes, hospitality, food and beverages, finances and insurance, manufacturing, research and creative solutions, transportation and logistics and agriculture. Their ambition is still as high as ever as they set their sights on building a global presence in business. They continue to push the boundaries …show more content…
Whereas health conscious consumers are free to choose more nutritious complements to their yogurt such as kiwi, strawberries and other fresh fruits. Lots of health benefits Although it might seem similar to ice-cream, it has a number of health benefits. Firstly, it is less sweet than ice-cream. This makes it perfect for diabetics and health-conscious customers. Frozen yogurt is nonfat and low in calories as compared to ice-cream. This leads to lower cholesterol levels for consumers. Frozen yogurt also has bacteria such as L. Bulgaricus, L. Acidophilus, and S. Thermophilus that assist in human digestion. With these benefits, Tutti Frutti's frozen yogurt is marketed as the healthier choice for dessert, beating its competitors that instead are serving ice-cream. There has yet a dessert company in Malaysia that markets itself in such way. This also elevates Tutti Frutti’s image as a brand that cares about consumers’ wellbeing. The only dessert restaurant with the self-serve system. Tutti Frutti is the only dessert restaurant that operates on a self-serve system. This means that customers can take their own food according to their liking and in the exact amount that they want, This increases the sense of personalization as the customer would feel like they are creating their own unique dessert menu, rather than ordering something standard and the same like everyone else. It is also a strong point because this increases efficiency within the stores itself. Lesser
Threat of Substitution is high. Many other products are able to meet consumer needs for snacks, including beer, soda pop, chocolate, and other candies. Many of these other industries are far larger than the Russian ice cream industry and thus have greater access to resources and bigger marketing budgets. Rivalry Among Existing Competitors is low. International players have entered the market and other domestic producers are able to make some of the staple products produced by Ice-Fili. However, many international companies were scared away by Russia’s volatile economy, and many of the domestic producers were not able to successfully transition from state-run factories to private companies. In addition, a large
In contemporary China, people not only focus on what’s delicious, but also the health benefits that the food product had to offer. Frozen yogurt is a hybrid food, offering both a delicious taste and health benefits. The usage of fresh fruit and lower calorie ingredients has thrust frozen yogurt into popularity amongst dessert lovers worldwide, while still capturing the health food sector of the market. High quality and healthy food defined the Yogen Fruz culture and allow the company to appeal to its target market.
In this case, Ice-Fili hold this competitive advantage since the company mainly use natural ingredients and do not use any preservatives or colorants (“Lakomka”). At the time of the case Ice-Fili’s ice cream are seen as a quality product which fit with the traditional recipe. At the opposite, Nestlé adds preservatives which distort the taste, but by using these ingredients, it decreases the total costs.
Hamdi Ulukaya envisioned a yogurt with pure, authentic and all natural taste, just the one he used to eat in his home country, Turkey. He wasn’t satisfied at all at how yogurt tasted in the U.S and believed there was a big potential in the market for a new kind of yogurt.
An interior project called Gelatoria is being developed. To make this successful, it is important to become familiar with the industry not just by knowing the components and ingredients of product but also through familiarity with other factors correlated with the success and survivability in the market. The typical gelato shops in Italy are characterized by its unique atmosphere imitating the European lifestyle. Its homemade frozen desserts are the center of attraction not only for adults but for all consumers of all ages. Gelato is indeed popular in Italy as it is enjoyed by all kinds of consumers (D’amico, Nevstrueva, Guan, Gon, Annini, and Yang 8). This paper aims to provide a discussion of the cultural, economical and social factors that affect the industry of gelato, ice cream, yogurt and other frozen desserts. These factors will provide a deeper understanding why certain products become successful in specific regions and how culturally diverse products could be introduced to other nations.
We believe that Ice-Fili, to stop the decline in its market share, should focus on the market opportunities in the Russian ice cream market. The main opportunity seems to lie in consumers’ behavior. They only consider ice cream as an "on the go" snack. Ice-Fili should use all possible means to create a change in their way of consumption. It would be doubly useful as it would both increase ice cream sales in restaurants but also in supermarkets so that families eat them at home.
This also opens up access to people who may not be able to visit the stores due to poor mobility.
Ice-Fili is the top ice cream producer in Russia. Currently, the company is experiencing tough competition with Nestle, Baskin-Robbins and regional ice cream producers. Its loss in market share due to their poor quality decisions-making after Russia became an open marketing in 1992. Nestle took great advantage of Ice-Fili’s low reaction adjustment and is taking over their market.
Ice-Fili’s marketing approach and product distribution could be seen as weaknesses in the company’s primary activities. In 2001 the firm started its first TV marketing campaign years after competitor’s advertised through the media outlets. To date Ice-Fili is still very inexperienced and far lacking of marketing strategies deployed by Western competitors such as Unilever and Nestle. Not only does Ice-Fili need to market more fiercely against competitors within industry, it must also compete against other consumables such as beverages and snacks. Another weakness is the distribution that is handed over to several distribution companies. There is a much higher chance (twice as likely) to find products of its biggest competitor Nestlé than those of Ice-Fili. Another detriment is how ice cream is viewed socially. Currently ice cream is primarily an impulse purchase. If Ice-Fili can change this outlook, it would result in an enormous
Because the product was leaving the warehouse and getting to stores quicker, I was able to reduce the storage space which was an initial problem so the increase of costs because of it decreased. The stores showed a moderate increase in profit.
Natureview has succeeded in the natural foods channel over the usage of sales brokers that send its yogurt to natural food stores. Nature View has prospered by apprehending 25% of the natural food market. To cement the success, the company has planned to raise the sales of its 8 grain and 32-ounce portions and to create apportion diversity by introducing the children multi-pack.
The company has shown excellent numbers ever since Reiss took over as CEO and is financially in a position to reinvest profits into developing new product lines. Indeed innovation has been the hallmark for the brand and the company has consistently developed products that are not only technologically at the cutting edge but also are up to date in terms of fashion as well.
Ice-Fili is a famous and one of the oldest ice-cream producers in Russia. Ice-Fili produces ice cream generally loved by consumers because its products contain 15% milk fat, compared to 10% found in the western ice cream. Ice-Fili traditional method of production adds to the unique flavor of its product. Typically, the company produces ice cream with natural ingredients with no preservatives making million of foreigners to consider Russian ice cream to be best in the world. In 2002, Ice-Fili engaged in an aggressive unique product offering, and the company offered up to 170 different kind of ice-cream products, and the company adds other
The move to the state-of-the-art facility will result in the organization being more efficient and will as well result in quicker pull of inventory and quicker shipment. Furthermore, stock will be handled more efficiently with less errors resulting in higher profits for the organization.
At the beginning, this market segment represents about 30% of the total potential sales. In the current years, there are few ice-cream produces on the markets that are designed for this segment, because of there are increasing group of consumer in this segment are more concerned and aware of the implications of diet on their health. Most of there consumers do not buy ice=cream as a consequence, such as they thought ice-cream have high calories and not good for