Report on Snack Foods Australian Manufacturing Company
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This report provides an analysis of George Western Foods, the largest food product organization in Sydney, Australia. It includes a company analysis, brand analysis, key competitors, target market, and marketing strategies. The report also discusses the company's revenue and retail brands.
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Report on snack foods Australian manufacturing company
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INTRODUCTION George Western Foods is the largest food product organisation in Sydney, Australia. The organisation is specialised in selling bread, flour, meat etc. It was owned by Associated British foods plc. The organisation was established by George Weston in 1882. In this report, company's analysis, its competitors and brand analysis has been done. Further, marketing strategy for the new product is made in which positioning, product, price, promotion strategies are mainly focused (Akgun and et.al., 2017). These strategies have analysed the company's new strategies and development areas.
Company Analysis George Western Foods is very famous organisation in Australia Parent company of this organisation was Associated British Foods plc. There are 140,800 employeesproducts. Retail brands of the organisation are bakery brands, Jioe fresh, Moulin rouge, Gadoua. Overall revenue of the company is $32.742 billion.
Brand Analysis The organisation operates mainly with bread, flour, processed meat, Tip top, Jasol, KrCastlemaine, Weston milling Movedtofishprocessingbusinessandchooseseasternand western coast of oceans Focused on serving Canadian wheat Acquired Scottish biscuits' maker company annual sale of $2.8 billion
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Key Competitors The main competitors of George Weston Foods are Woolworth, Tesco, Coles Supermarket. Woolworth is supermarket store in Australia which has accounted 80% of the Australian market. Tesco is listed top in the list of London stock Exchange. Coles is providing the best online services to the people
Target market The organisation has targeted mainly adults and youngsters. Currently it has targeted all the age group people to increase their productivity and popularity. it has opened its stores near coastal and public areas. they have provided various discounts and offers on their food items
4P's of marketing strategy
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Positioning strategy George Weston foods have adopted differentiation positioning strategy. symbolic positioning is used by George Weston Foods to identify ego, social belongingness and self image in the market.
Product strategy The organisation has adopted low price product strategy The firm has also focused on developing new products like Don Krc etc. . The firm has also concentrated on packaging options
Price strategy The organisation has adopted cost based pricing strategy. The organisation has used this strategy to lead all the supermarkets and increase their overall sale. ]t has to launch club card system
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Promotional strategy AdvertisingpromotionalstrategyiisusedbyGeorgeWeston Foods. Use TV and radio for promoting their products. They have advertised their products on social media websites. public relations also plays significant role in maintaining the organisation image Personal selling and sales promotion are another important part of integrated market communications.
Place strategy The organisation has now employed online channel of distribution of the products. The firm has also used transportation channel like lorry, truck and vans to increase direct selling and offline sales. The channel members have taken advantage of online mode to access the information.
REFERENCES Akgun, A.E. and et.al., 2017. Why companies go positive marketing innovations: a new theoretical prototype for 4ps of innovation. Armstrong, G. and et.al., 2014.Principles of marketing. Pearson Australia. Baker, M. J., 2014.Marketing strategy and management. Palgrave Macmillan. Campelo,A.ed.,2017.HandbookonPlaceBrandingand Marketing. Edward Elgar Publishing. Chari,S.,andet.al.,2014.Emergentmarketingstrategiesand performance:Theeffectsofmarketuncertaintyandstrategic feedback systems.British Journal of Management.25(2). pp.145- 165.
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