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CADBURYS INFO. The Launch The launch strategy of any new product is critical.
Cadbury has two targets for its products - trade customers ...
Submitted by THUGDADDY on June 22, 2006
Category: Business
Words: 802 | Pages: 4
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The Launch
The launch strategy of any new product is critical. Cadbury has two targets for its products - trade customers who stock the product and consumers who buy it. In recent years, product launching has become an art which can make or break a product. A successful launch makes potential customers aware of the new product and keen to try it.
Before consumers could try the product, however, it was important for Cadbury to gain the support of its trade customers. Retailers had to view it as helpful in encouraging customers to visit their shops. If the product had failed to interest retailers and distributors, the costs of investment would not have been met and they would not have stocked the product.
Cadbury conducted one-to-one briefings with over 70 key trade customers. This helped Cadbury build awareness and commitment to the launch and obtain significant orders for in-store displays and merchandising ahead of the launch date. The trade commitment was reflected in high levels of display support in store during the launch.
Traditionally, new confectionery products are initially launched in one region of the country, in order to gauge the product's success, before moving on to other regions over a period of time. Time Out and Wispa Gold, for example, were launched in this way. The commitment to the success of Fuse was so great, however, that it was Cadbury's first completely national launch for 20 years.
There were certain key requirements to the co-ordination of the launch:
Secrecy had to be paramount!
Marketers who had identified the gap in the market had to work closely with individuals from research and development as well as other external agencies.
Manufacturing operations, in conjunction with marketing and finance, had to evaluate a new factory investment for Board approval.
Having a catchy 'hook' for a new launch helps...
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