Optimum Nutrition: Analysis of Issues and Strategic Recommendations
VerifiedAdded on  2022/12/23
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Report
AI Summary
This report provides a comprehensive analysis of the current issues faced by Optimum Nutrition, primarily focusing on the impact of the COVID-19 pandemic and the shift towards plant-based diets. The report details the actions the company has taken to mitigate these challenges, such as adjusting pricing and increasing marketing efforts. It then proposes several strategic recommendations, including targeting new markets in the US and Asia, enhancing marketing and promotional strategies, offering discounts, expanding the product line to include plant-based options, and tapping into untouched markets. The report also includes an assessment of the plausible, worst, and most likely conditions related to the pandemic's impact on the company's supply chain and sales, along with opportunities for market expansion. The report concludes by emphasizing the importance of adapting to changing consumer preferences and market dynamics to ensure continued growth and success for Optimum Nutrition.
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