$10.6 BILLION PER YEAR
FERRERO, STARTED AS A SMALL PATISSERIE IN ALBA, ITALY IN 1946 BY
THE FERRERO FAMILY. IN 1956 IT SET UP A LARGE PLANT IN GERMANY
WHICH WAS SOON FOLLOWED BY EXPANSIONS ALL OVER EUROPE. IN
1963, NUTELLA WAS LAUNCHED WHICH IS BY FAR FERRERO’S HIGHEST
SELLING PRODUCT. TODAY FERRERO IS THE 22ND MOST REPUTABLE
COMPANY IN THE WORLD AND HAS RECENTLY ACQUIRED THORN
TONS AND OLTAN.
A WORLDWIDE SUCCESS
18 FACTORIES WORLDWIDE
18.9% MARKET SHARE
Q.) EVALUATE FERRERO AUSTRALIA’S DECISION TO INVEST IN THE HAZELNUT FARM.
WHAT ARE THE KEY REASONS FOR DOING THIS?
Australia, is an emerging market where people have the capacity to
buy chocolates at a premium rate. Thus, before entering into Asia-
Paciﬁc Ferrero experimented in Australia. The decision to invest in
Hazelnut Farms in Australia is good one, which is going to beneﬁt
Ferrero in later stages.
Some of the Key Reasons for doing this are :-
•Australia, is one of the emerging markets .
•The investment will boost the state’s economy
•The investment will provide employment
•It also encourages the other farms to grow hazelnut.
•Ferrero builds on it’s quality supply of hazelnuts.
•Local supply of hazelnuts will reduce other manufacturing
Q.) HOW CAN FERRERO USE NEW TECHNOLOGY TO MARKET IT’S PRODUCTS BETTER?
•Ferrero can create brand awareness and build long-term
relationships among their existing customer.
•Social Media and Web or Mobile based tools could be used for
sharing and discussing information.
•Blogs could be built.
•Ferrero should focus on Mobile Marketing.
•Ferrero can add QR codes to it’s Advertisements and websites.