brewing innovation in a saturated market
TRANSCRIPT
Webinar Series
Brewing innovation in a saturated market
Webinar Series
Christy RansomVice President,
Customer EnablementVision Critical
Eileen ChenConsumer Insights
AnalystKeurig Canada
Meet our speakers
The landscapeUncovering new areas of growth
Challenges
A market quickly becoming saturated
Need to innovate faster without
cannibalizing market
Battle for shelf space
Strategy: Identify new white space opportunities
1 2 3The complex and evolving
purchasing journey
The competitive landscape
The preferences, attitudes, and motivations of coffee fanatics
In a market that’s becoming more saturated, we need to understand:
The Keurig Coffee Insiders Community
Why an insight community?● Fast and agile
● Ongoing insight throughout the innovation cycle
● Targeted segmentation
● Build an ongoing relationship
● Iterate and get product feedback on demand
Concept testingIs there interest in this product at this price?
Accelerating every part of the innovation pipeline
PackagingHow do we optimize packaging?
DistributionDoes this product fit with the retailer in mind?
IdeationWhat accessories should we make?
Iterative product development
White Space - Syndicated data shows market for milk-based beverages are growing. Can we validate it?
Concept testing - Is there an interest? What color should it be?
Packaging - How do we optimize packaging?
Product improvement - How do we improve the product? Are they using Keurig K-Cup pods?
LAUNCH
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Go-to-market● Tests product ideas and flavors for specific retailers
● Delivers data-driven recommendations to retail partners
● Helps close deals faster and improves partnerships
Measuring success
Validateswhite space opportunity
Influencesproduct and
go-to-market strategy
3 weeksaccelerated product launch timelines
$831,000saved in
research costs
Our insight community is an exceptional tool to get a quick, reliable and extremely helpful reading of our customers and prospects on new product ideas and packaging design. The community helps Keurig become more consumer centric, develop best-in-class products and maximize in-market performance.
Brand Management DirectorKeurig Canada
Stéphane Renauld
Be a key strategic partner to your stakeholders
Challenge assumptions with insight
Use tools that can keep up with the speed of product development
Share insight with your customers, retail partners and stakeholders
Iterate with relevant segments of your customers
Key takeaways1
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Q&A
Eileen ChenConsumer Insights
AnalystKeurig Canada