Pricing power can get SEA brands through tough times | WARC | The Feed
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Pricing power can get SEA brands through tough times
Pricing power is a consumer’s willingness to pay a premium for brand equity: 75% of the Kantar BrandZ Top 30 Most Valuable Southeast Asian Brands share this attribute, which allows them to derive better value and higher margins.
Why pricing power matters
Brands can harness pricing power and build brand value by meeting the emotional needs of consumers and inspiring trust with new consumer values, using sustainability to differentiate themselves, and reinforcing relevance in consumers’ daily lives.
Takeaways
- One way to achieve pricing power is to build trust through new consumer values such as integrity, identification and inclusion.
- Corporate responsibility...
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