The Growth Strategy Of Ingredient Branding
Today let’s focus on ingredient branding, an effective growth strategy under the right conditions.
NEW THINKING
Today let’s focus on ingredient branding, an effective growth strategy under the right conditions.
Recently, I took what felt like a fairly expensive Uber ride from the San Francisco airport. Ridesharing used to be far less expensive than taking a taxi, but that is not the case anymore; in many places, it’s equally expensive, if not more.
We live in an uncertain world. We have become more skeptical and distrusting. Our environment seems unsettled, unpredictable and unstable. And, then, to magnify these feelings, we experienced Covid-19.
Current hot-button issues for consumers are genetically modified organisms (GMOs), the overemployment of pesticides, and the overuse of antibiotics in dairy. There are haters. There are skeptics. And a recent study showed that people were willing to pay more for a product labeled “xxx- free,” even when xxx was a made-up ingredient. So when a company who manufactures pesticides came to us to help improve their reputation, we knew it was going to be no...
A company with a truly great product – the InstaPot – is bankrupt.