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INTERNATIONAL MARKETINGCANDY OF THE YEAR (2015) IN INTERNATIONAL MARKET
D.S GROUP - NAME BEHIND THE TRENDING CANDYCompany Portfolio & Timeline
Tobacco Products
Mouth Freshener
Confectionary
Food & Beverages
Dairy
Rubber
Hospitality
AgroForestry
Printing &Packaging
Dharampal Ji in 1929
CANDY
OF THE
YEAR
2015
“To be a leading quality & innovation
driven global conglomerate.”
HOW PULSE GOT ITS PULSE ?
Manufactured in Uttarakhand, Jamnagar, Ahmedabad & Hyderabad.
LAUNCH: 4 FEB 2015 JAIPUR
CANDY OF THE YEAR
‘PULSE’ - A Kachcha Aam flavoured hard boiled candy with a tangy twist The new candy is not a mere candy but an experience of flavors combined with the gesture of sharing.
PULSING THE DOMESTIC MARKETCrossing the mark of 100 Cr. by March 2016
Producing 300-400 Tonnes of Pulse Candy every month.
Present at 8,50,000 + retail outlets in India.
THATS NICE! WHAT’S MARKETING BUDGET ?
INR: 0.0THEN HOW?
WHY INTERNATIONAL ?
Sugar confectionary and mouth fresheners is witnessing highestgrowth.
Diversification in all major industries in India. So why not GLOBAL ?
Aligned with Business Strategy
OK ! ACCEPTED!! BUT WHY THAILAND ?
RuleofLaw
GovernmentSize
RegulatoryEfficiency OpenMarketsPropertyRights
FreedomfromCorruption
FiscalFreedom
GovernmentSpending
BusinessFreedom
LaborFreedom
TradeFreedom
InvestmentFreedom
MonetaryFreedom FinancialFreedom
http://www.heritage.org
ANSWER: ECONOMIC FREEDOM PERSPECTIVE
WORLD RANK: 67 REGIONAL RANK: 11
ReasonsforChoosingThailandStrategically
• Population:68.7million(BiggerTestmarket)• GDP(PPP):$985.5billion(Morethan
Singapore)-UpperMiddleIncomeCategory• 0.7%growthin2014(Developing)• Inflation(CPI):1.9%(Morebuyingcapacity)• FDIInflow:$12.6billion(Mediumcompared
tootherAsia-Pac)
ReasonsforChoosingThailandTactically
• 3rdlargestMangoProducer(RawMaterial)• IslandCountry-SourTaste(TropicalNature)• AverageThaiSourness=HighestAmerican
Sourness• 1MnIndianTourists(2015),1MnIndian
Locals• 7.8MnASEANTourist(2015)
STRATEGY & TACTICS BEHIND THAILAND
India Thailand Free Trade Agreement
India's 'Look East' policy ,Thailand's
'Look West' policy
Indian exports to Thailand US $3.04
billion-’14 (8 times since 2000)
US $64Mn Investment from India-2014
INTERNATIONAL MERCHANDISE TRADE
http://www.doingbusiness.com
ANALYZing INTERNAL ENVIRONMENT
PESTANALYSIS
Constitutional Monarchy
Stable Government
Export: Major sourceof GDP
GDP: 985.5 BillionUSD
Unemployment Rate: 0.9%
GDP Per Capita : 15319 USD
Limited R&DInvestment
Weak IPR Protection
Population: 67.2 MillionReligion: Buddhist 93.6%
Low Literacy Rate
Income/Capita: Upper Middle Income Category
High SocialMedia Presence
T
SWOT ANALYSIS
S W O
Unique Flavor
Strong Inter-Country
Trade Relations
Liking of Sour Taste by Thailand
People
Consumption amongst Indian
Tourists
No Parent BrandPresence
Low MarketingBudgets
Relaxed LabourLaws
Within country Manufacturing
Feasibility
Sweet Confectionary
Market Growth: 73%
Established Local & Global Players
eg: Nestle, MentosAki-ko (Local)
Calorie Consciouspeople
Low EntryBarriers
Tamarind, A
ki-ko,Sour Punk etc.
Low Entry Barrie
r
Zour Bomb, Zip Bomb etc.
Competitive Rivalry
HIGH
Threat of Substitute
MODERATE
Bargaining Power ofSuppliers
HIGH LOW
Threat of New Entrant
RELATIVELYHIGH
PORTERS 5 FORCES
Bargaining Power ofBuyers
PRODUCT ADAPTATION BEFORE GOING INTERNATIONAL
Shape of Candy to be in Mango.
Lūkxm rs perīyw thī dī thīsud kạb bid
Modification in Packaging from Kacha Aam with Tangy Twist to
“The Ultimate Sour Candy with a Twist”
MARKETING PLANBrand Name: Paas Paas PulseCategory: Boiled Sugar Candy
Features: Raw Mango with Powdered Core.Shape: Mango Shaped
Packaging: Wrapped in Dark Green & Black wrappers.
Super Market: 22 %Convenience Stores: 16%
Candy Stores: 12%Gas Station & Drug Stores: 8%
Pricing Strategy: Going Rate PricingAvg Candy: 400-500 Thai Baht/KgCost Per Candy: 2 Thai Baht. (TBH)
IMC Channels:Online Advertising - YouTube/ Facebook / Instagram
Promotions: In-Store & Sales Promotions OOH Advertising.
Product
Place
Price
Promotions
SEGMENTATION - - - - - TARGET MARKET
Geographic
Demographics
Psychographic
Behavioral
North Region, Northeast Region,Central Region,East Region, West Region & South Region
Age: Anyone above 5 years of Age
Gender: Male & Female
Income Groups: 5000-10000 || 10000-20000 || 20000 +Central,South & East Region
Gender: Male & FemaleAge: Anyone below 26 years
Income: 5000-10000 TBHLifestyle: Low Health Lifestyle
Frequent PurchaseLifestyle: High on Health Consciousness &
Low on Health Consciousness
Rate of Usage & Loyalty Status
TARGET MARKETSELECTIONSTRATEGY
Product Specialization
Strategy
UNLIKE OTHERS! WE ARE UNIQUE
Aki-ko Japanese
Fruit Candy
Sampalok/Tamarind
Candy
Mango Pulp Chewy Soft
Candy
Botan Herbal Freshener
Candy
AVAILABLE CANDIES IN THAI MARKET
Not just a mere candy but an experience of flavors combined with gesture of sharing & friendship.
WHATS SO DIFFERENT ?Sensational Raw Mango Flavor
Slow Emergence of salt flavor
Sweet Taste when you’re almost done!
The ultimate sour candy with a twist!
LETS MAKE THE JOURNEY INTERESTING & CHALLENGING
OOH Ads.
Brand Awareness
Test Marketing
Variants like: Tamarind,Orange &
Lemon, Lychee.
Brand Recall
Aggressive Marketing
Exploring other chocolates & mouth freshener markets.
Pruning non-successful
product lines
WOAH! WHY WAITING ? LETS KICKSTART
Billboard: To signify difference from traditional
candies available in Thailand
Product Placement at streets.
?Maximum Eyeballs Continuous Brand RecallHigh Brand Awareness
HURDLES TO CROSS IN THE JOURNEY
Exporters need to navigate relevant product registration, retailer listing processes and labeling requirements for Thailand with strict domestic standards and
processes which involves a lot of time and cost.
POSSIBLE BARRIERS High Transaction
Cost
LanguageBarrier
Limited Support by Govt.on R & D , HRD Programs
HOW TO OVERCOME ?
Know opportunities from exporters, freight forwarders, foreign importers, distributors & state govt.Develop an export plan with adequate resourcing, long term perspective and commitment.
FINAL WORDS
In a nutshell, Thailand still needs to simplify its taxation, customs and other public administration, procedures and regulations for easy trade.
Like India, ‘Pulse’ could be a huge success in Thailand because Thai people have a similar taste when it comes to candy and most of them eat candy 2-3 times a
week.
When marketers see the opportunity in a new foreign market and decide to expand into that market, they need to consider the uncertainty and unfamiliar
problems that lie ahead and should set their marketing plan accordingly.
PEOPLE BEHIND THE EFFORTS
Tuhina Sharma
Gaurav Mishra
Aditi Jain
Parag Samant
Meet Dave
Gaurav Singh Bisen
The Google of our Group.
Our Marketing Data Scientist! Can’t prove him wrong !
Women behind Ad Campaigns & USP.
The Deep Dive Thinker & Loud Presenter!
Man behind our Advertisement from Scratch!
Designer behind making the “ppt” an Experience.