South-East Asia’s rising inflation: How FMCG brands should react | WARC | The Feed
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South-East Asia’s rising inflation: How FMCG brands should react
Inflation presents huge challenges for brands, which need to be aware that shoppers, categories and markets are responding differently to the pressure of rising prices, say Kantar Worldpanel Asia’s Nelson Woo and Kacey Lim.
Why it matters
To boost performance in an inflation-driven market, brands can consider five options: increase the list price, change product mix, reduce price promotion, innovate, reduce pack size.
Takeaways
- Marketing strategy must examine changes in shopping baskets, channels and brands, and how inflation can encourage trading up.
- Consider what products are typically bought together, as the higher price of one item may mean other items...
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