
The art of brand management in today’s economic climate presents huge challenges. In Australia, the theory is that we have missed a recession, but we have been left with a hugely cautious consumer and a distinctly two speed economy. Managing the challenges of a ‘value’ conscious consumers and the relentless intensity of hungry competitors, both domestically and overseas is tough. The battlefront has been complicated with the fragmentation of media and the growth of the digital world. There is an awful lot for brand managers to get their head around.
There is little wonder that many food related brand owners are shaking their heads at the moment, when on top of all this they face total abuse, well certainly a lack of love, from their intermediaries. We have read a lot about the market power of the two major supermarket chains, Coles and Woolworths, their push into private label and the leverage of their clout with respect to new line fees, discounts and promotional support. I thought up until recently I had a fix on the extent of it all, so I was blown away to hear the latest iteration of screw the food brand owner from the third player in the category, Metcash.
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