Shopper Summit - Tyson & Foresight ROI 3/28/2017
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Transcript of Shopper Summit - Tyson & Foresight ROI 3/28/2017
![Page 1: Shopper Summit - Tyson & Foresight ROI 3/28/2017](https://reader030.fdocuments.in/reader030/viewer/2022020411/5a66fa097f8b9acd178b484d/html5/thumbnails/1.jpg)
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Partnerships in Shopper Marketing are very Successful
Industry Averages for Partnership Events
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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Why Partners Makes Sense
Relevance to Shoppers
Strong Cross Purchase
Similar Objectives
Deliver a Powerful Solution for the Retailer
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Evolution of the Partnership…..a bit like dating and can take years to get to the wedding!
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Types of Partnerships
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Determining the Right Partnership
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Partnership Analysis – Strategic Filters
1. Basket Relevance?2. Shopper Appeal?3. Drive Period Relevance?4. Usage Occasions?5. Purchase frequency?6. Distribution/Customer Focus?7. Price Point?
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Steps 1-4: Alignment & Legal
Step 5-7: Process Review & Feasibility
Step 8-9: Scope (i.e.: retailers, investment)
Step 10-11: Brainstorm, Concepting
Step 12-13: Joint Planning, Sell-in Decks
Step 14: Execution & Budget Compliance
Step 15: Post Analysis
Vetting the Opportunity
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Roles
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Shopper Insights
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L E T ’ S C O N S I D E R M O M I N J A N U A R Y - R E T U R N S C H O O L S E A S O N
Her Mindset
Persona
In-Store
Media
Incentive
s/Offers
Her Shopping Behavior
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A N D H E R M E A L M A K I N G N E E D S
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A well-balanced meal
A meal that’s not too hard to make
A meal that appeals to the whole family
A meal that can be whipped up quickly
A meal where the ingredients are mostly on-hand/in-home
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WHAT’S FOR DINNER?
Source : NPD Eating trends 2014, IRI L52W 8/3/14
• 71% involve chicken
• 67% involve salad
• Fresh food (salad) consumption is expected to increase more than 11% in the next two years!
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Insight: “I want to eat healthier, but struggle to build a well-balanced, flavorful meal, that will satisfy my family—it seems like a lot of things to pull together.”
CPG Partner +
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BRINGING THE PARTNERSHIP TO LIFE
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Retail Activation
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Assets to leverage
5 Recipes videos produced by GHTV
In-store POS
DisplaysDigital
CouponsOLV
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THE RESULTS
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Shopper Marketing Best Practices
Source: Foresight ROI Shopper Foresight Industry ROI Norms
Insights-based Solution
Cost Sharing with Partner
Customize by Retailer Strategy
Frequency/Depth Aligned with Category
Shopper Plans Integrated with Trade
Relavant Timing, Concept and Creative
Communicate Along the Path To Purchase
Pre-store Offer
In-store Message
Digital Tactics
NORM
% Tyson
ComplianceIndustry Best Practice
ROI
Impact
% Industry
ComplianceInsights-based Solution
Cost Sharing with Partner
Customize by Retailer Strategy
Frequency/Depth Aligned with Category
Shopper Plans Integrated with Trade
Relavant Timing, Concept and Creative
Communicate Along the Path To Purchase
Pre-store Offer
In-store Message
Digital Tactics
NORM
% Tyson
ComplianceIndustry Best Practice
ROI
Impact
% Industry
Compliance
Insights-based Solution
Cost Sharing with Partner
Customize by Retailer Strategy
Frequency/Depth Aligned with Category
Shopper Plans Integrated with Trade
Relavant Timing, Concept and Creative
Communicate Along the Path To Purchase
Pre-store Offer
In-store Message
Digital Tactics
NORM
% Tyson
ComplianceIndustry Best Practice
ROI
Impact
% Industry
ComplianceInsights-based Solution
Cost Sharing with Partner
Customize by Retailer Strategy
Frequency/Depth Aligned with Category
Shopper Plans Integrated with Trade
Relavant Timing, Concept and Creative
Communicate Along the Path To Purchase
Pre-store Offer
In-store Message
Digital Tactics
NORM
% Tyson
ComplianceIndustry Best Practice
ROI
Impact
% Industry
Compliance
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Partnerships Drive Higher ROI Along the Whole Path to Purchase
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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Pre Store:
Sales Lifts are Higher for Each Brand
Source: Foresight ROI Shopper Foresight Industry ROI Norms
Lower Marketing Costs from Sharing
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In Store: Sales Lifts are Lower for each brand, though the lift is spread over multiple brands
Source: Foresight ROI Shopper Foresight Industry ROI Norms
Slightly Higher Marketing Costs for each brand
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Partnerships Drive Higher ROI Along the Whole Path to Purchase
Pre-Store + In-StoreOffer + Message
Full Path to Purchase =
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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More Partnership Events are Full Path to Purchase
Pre-Store + In-StoreOffer + Message
Full Path to Purchase =
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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Trade Integration Increases SM ROI. . . Especially with Partnerships
% Spend on Events with High Trade Integration
Opportunity for Better Trade Integration
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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Trade Integration Increases SM Sales Lifts and the Category Growth Impact from Shopper
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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Collaborate with Partners & Customers to Win
Source: Foresight ROI Shopper Foresight Industry ROI Norms
Size of balls is Dollar Spend
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Tyson & CPG company tossed in plenty of best practices to drive success.
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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Walmart:
“The partnership provided Walmart with a full spectrum of relevant shopper marketing touchpoints that demonstrated our commitment to the Grilled & Ready brand. The customer was excited we focused our efforts on a healthy offering that tied nicely with a non-frozen category.”
What are retailers are saying……
Kroger:Awesome collaboration between Tyson & Kroger resulting in incremental volume and displays as part of Kroger’s Meal Solutions. Based on the success of this program Kroger specifically the meat department is looking for other partnerships to drive incremental volume, dollars, and building the basket cart.
Meijer:Tom (Meijer) really liked the program. It was a great opportunity to provide a meal solution while partnering with another strong brand and leveraging Meijer’s shopper marketing vehicles to create value to the consumer, Meijer, CPG and Tyson.
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Follow Best Practices for Predictable Improvement Results
Source: Foresight ROI Shopper Foresight Industry ROI Norms
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• Commitment
• Communication
• Compromise
• Patience
• Honestly/Transparency
• Assume Positive Intent
• Self Awareness
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Keys to Successful Marriage
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Contact us to learn more our Best Practice Benchmark Assessment and other shopper marketing ROI solutions:
312-575-0024
www.foresightroi.com
https://www.linkedin.com/in/rickabens/
@ForesightROI
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