PMRC Diaspora Series - Exploring the Zambia Diaspora “Tapping into Potential of the Zambia Diaspora”
Strengths Diversifies product mix Open diaspora market High Category Recognition among diaspora...
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Transcript of Strengths Diversifies product mix Open diaspora market High Category Recognition among diaspora...
Stoney Tangawizi:
The Repositioning
Concept
Reposition Coca Cola’s Stoney Ginger Beer in
America, Targeting the Indo Caribbean Diaspora
Market.
Current State of the Market
○ Soda companies are struggling
○ Movement toward healthier choices
○ People are choosing juices, teas and water over soda
Stoney Tanga-what??○ Ginger Beer , non-alcoholic
○ Known is some markets as Stoney Tangawizi
○ Distributed in by Coca Cola
○ Current Market : Southern Africa, Biggest Market is South Africa
○ Described as being biting “Kwetsa”
Stoney Tanga-what??○ Very successful in Southern Africa.
Situational Analysis
Strengths• Diversifies product mix• Open diaspora market• High Category Recognition
among diaspora market
Weaknesses• No brand recognition
• Stronger flavor than American sodas
• Limited target market
Opportunities• New jobs in bottling plants• Potential American market• Open the American market for
other international sodas
Threats• Home Brews
• Redd’s• Increased Health Concerns
S.W.O.T
Situational AnalysisIndo – Caribbean (IC)
People of mixed heritage including Native, Indian, African, European and Asian. These people are
concentrated in the Island Nations of the Caribbean Sea.
Situational Analysis○ About 22 million IC live
in the US , 3 million are foreign born
○ High population density in New York, Florida,
New Jersey, Connecticut,
Massachusetts, Georgia, Pennsylvania, Maryland
and Washington, D.C.
Situational AnalysisBrand Comparison
Stoney Redd’s Extra Ginger Brew Home Brews
Flavor Biting Ginger flavor, sweet Various/Inconsistent
Availability Online Only Most Grocery Stores Ingredients Widely Available
Brand Recognition NoneHigh Among Indo
Caribbean Population
High Among Indo Caribbean Population
Packaging Dark and Dated Tropical None
Repositioning
In America, Stoney should be sold in glass bottles. This will make the soda
seem premium. Also this will allow the soda to compete on the shelf.
Repositioning○ Ads targeted in communities with
high IC populations
○ Distribution Nationwide
○ Priced Competitively with other Coke Beverages, $1.50 - $2.00 depending on retail outlet
○ Radio & Television spots on local stations like ABC and CBS
○ Twitter, Instagram and Pintrest
Repositioning
Radio Transcript1. Whatcha drinkin’?2. Stoney Tangawizi
1. Tanga-what?2. Stoney Tang-a-wizi , taste it
1.Whoa that’s got bite2. Kwetsa! Yea that’s the real ginger taste
3. Huh? Mmm that’s good, what’s it called again? Tanga…
4. No just Stoney is fine.
…Calling it Stoney claims it in an American context.
Financial Forecast• Best case scenario: All 22 million IC’s drink 1 can
of Stoney in one year. • Coke spent 7% of sales on advertisement.
Following the same logic:• Coke has $8.1 mil to establish the bottling plant,
for safe measure.• These are funds coke would allocate for the
repositioning.
22 mil x 1.75 = 38.5 mil in sales38.5 mil x 0.07 = 2.69 mil. promotional budget
2.69 mil + 8.1 mil = 11 million dollar project
Market Situation vs. Plan
This sounds good…right? There are a few questions that need to
be answered.
But isn’t the soda market declining?Yes , BUT….
Ginger has lots of health benefits:o Protects Your Livero Heals Ulcerso Prevents Neuronal Plaqueo Settle Upset Stomach
Stoney may be a source to potential aid in some of these benefits
Why target the Indo Caribbean market?
o They both drink ginger beer
o Indo Caribbean usually make it for holidays. o Will purchase for
convenience.
The Indo-Caribbean market and Southern African markets share a similar palates.
What does coke gain from this?
• New market share
• New bottling facility
• Create jobs → Goodwill
Why will this be successful?
• Primary Data responded “We buy Reed’s but homemade is better.”
• Flavor profile of Stoney is closer to Home Made.
• Stony Facebook Page
Conclusions and Questions
• There is an open diaspora market for Stoney. • Coke can create new jobs with a bottling plant.
• Potentially open other markets for international sodas.
DON’T YOU WISH YOU COULD TRY SOME STONEY?
YOU CAN!!!!!!!!!!!!
Sources○ http://
online.wsj.com/news/articles/SB10001424127887323783704578245973076636056
○ https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTFNuC7W7KikWq2KDqcKNtLkwZmRhb-8v-dYzkgLU01xPtKnWrf
○ http://www.cocacola.co.za/brands/stoney.html○ http://www.youtube.com/watch?v=GbyMJTMDh8k○ http://
www.ibtimes.com/caribbean-americans-invisible-minority-seeking-identity-affirmation-795709
○ http://www.esquire.com/drinks/rye-and-ginger-ale-drink-recipe○ http://www.livestrong.com/article/549461-top-ten-benefits-of-ginger/○ http://www.asymco.com/2013/11/04/do-ads-work-the-ad-budgets-of-
various-companies/
○ Primary Date Respondents: Lyrechel Galarza, Khary Popplewell, Perrine DeShield, Skye Wilson, Kevin Borgella, Theo Derron