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FORMAL PRESENTATION
Jinessa Belizaire
Created on March 18, 2024
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Transcript
The manufacturing opportunities in one specific Asian
Presenters:
- BELIZAIRE Jinessa
- GUEYE Mouhamed
- THIANDOUM Aby
- THIANDOUM Amy
Index
Introduction and Presentation of the issue
Data analysis
Introduction and the summary of a text
Strategic Recommendations
Conclusion
Introduction and Presentation of the issue
As lifestyles and eating habits evolve worldwide, the snacking industry is gaining momentum within the food sector. For companies seeking growth, it's essential to explore new manufacturing opportunities to introduce snacks into the market strategically. Today, attention is drawn to Vietnam, an Asian country experiencing rapid development. Although snacking isn't yet widespread there, the market shows promising growth potential. Vietnamese consumers are increasingly open to new food experiences, presenting an opportunity for snack manufacturers to tailor products to local tastes.
Vietnam's snack culture
Value of the savory snacks market in Vietnam from 2019 to 2020 with forecasts until 2026(in million U.S. dollars)
Published by Statista Research Department, Nov 8, 2023
Why Vietnam?
- Easy Transportation
- Massive Labor Force
- Large Capacity
- Variety of Goods
- Reputable
- Tax Benefits
Strategic Recommendations
Innovative Marketing Strategies to Surpass Competitors in vietnam
Product Positioning and Market Segmentation
Distribution Strategies adapted to Emerging Markets in Vietnam
These strategies will be developed considering the logistical challenges specific to Vietnam, while leveraging both traditional and emerging distribution channels in this country. We will explore local strategic partnerships, collaborations with Vietnamese supply chain stakeholders, and investments.
Marketing strategies will be specifically designed to captivate and engage emerging Vietnamese consumers, using creative tactics and communication channels tailored to this market. Company will implement targeted marketing campaigns, on-the-ground activations, and partnerships with local influencers.
These will be carefully develop these aspects by integrating an in-depth analysis of market trends, consumer behaviors, and specific cultural characteristics of each emerging market in Vietnam.
Conclusion
Exploring manufacturing opportunities in Vietnam requires much more than a simple understanding of consumer preferences, effective distribution strategies, and innovative marketing approaches. It also demands adaptability to changing market trends, an ability to anticipate future consumer needs, and a willingness to invest in local partnerships to ensure long-term success. By combining these elements with robust quality management and social and environmental responsibility, companies can not only thrive in the snack sector in Vietnam but also positively contribute to the country's economic and social development.
Thank you!