L.E.K. Consulting recently surveyed more than 200 U.S. brand managers and packaging stakeholders at consumer packaged goods companies to understand their packaging needs and views on trends driving demand.
The survey focused on topics that include:
- Brand trends and their effect on packaging demand
- Shifts within packaging (e.g., new materials, packaging innovations)
- Perspectives on packaging demand (including forecast spend on packaging for their brands)
This Executive Insights analyzes key findings from this proprietary research
The Diversity Imperative: 14th Annual Australian Chief Executive StudyPwC's Strategy&
This report provides insight into the 2013 Australian Chief Executive Study findings, compares the results to the global market and identifies trends. Our analysis looks at trends relating to performance and tenure; reasons for CEO turnover; and the number of insider appointments versus outsider appointments.
L.E.K. Consulting’s annual Media & Entertainment Study
was conducted between December 2018 and January
2019. We surveyed around 2,000 households on their
entertainment choices, preferences and viewing habits.
This Executive Insights analyzes key findings about
movie theater attendance and subscription services.
Since last year ended on such a strong note, many of us were optimistic about the prospects for Q1. Though not as strong as the fourth quarter of 2014, the first quarter of 2015 kicked off on a positive note, with 23 technology companies raising US$6.1billion* in proceeds from their IPOs. That’s the second highest first quarter proceeds in the past five years and impressive given the increased US market volatility and consistent with the high pre-IPO valuations we’ve seen recently. Granted, if you look at the year over year comparison, offerings were down 12% and proceeds declined 11%. And sequentially, the number of technology IPOs declined 32% while proceeds fell by 19%. Still, it’s a promising start for 2015. Learn more at www.pwc.com/globaltechipo
*Deal size greater than US$40 million
The prosperity that Australia enjoys today will be challenged in the next decade. Disruptive technology will create fewer but bigger winners and more losers. Business has to increase its risk appetite, discover new ideas, pursue more radical strategies, and take bigger steps. In the face of adversity, Australia must respond.
Federal Technology Vision 2021: Full U.S. Federal Survey Findings | Accentureaccenture
Leaders don’t wait for a new normal, they build it. The Accenture Federal Technology Vision 2021 identifies five key trends that agencies must address to lead in the post-pandemic world. Explore the full survey findings here. https://accntu.re/3sIBI0k
Joining Forces: Interagency Collaboration and "Smart Power"Booz Allen Hamilton
Has U.S. defense, diplomacy and development adopted a “smart power” approach? In this follow-up to a 2010 report, the Government Business Council (GBC) evaluates progress towards increased interagency collaboration and how budget pressures may change foreign policy. Moderator is GBC's Associate Director of Research Erin Dian Dumbacher and Speakers include Booz Allen senior associate's Cheryl Steele and Jonathan Allen. Download the full report here: http://www.govexec.com/gbc/report/smart_power_2011/
Learn more about Smart Power: http://www.boozallen.com/smartpower
18th Annual Global CEO Survey - Technology industry key findingsPwC
Tech CEOs are optimistic about the global economy and both near term and future revenue growth. They view strategic alliances, including partnering with competitors, as a primary means to grow their businesses. We invite you to explore the analysis and contact us to discuss how we can help your business capitalise on the new - but challenging - opportunities for growth. Learn more http://pwc.to/1DaolqY
Website: http://www.pwc.com/gx/en/ceo-survey/2015/industry/technology.jhtml
The Diversity Imperative: 14th Annual Australian Chief Executive StudyPwC's Strategy&
This report provides insight into the 2013 Australian Chief Executive Study findings, compares the results to the global market and identifies trends. Our analysis looks at trends relating to performance and tenure; reasons for CEO turnover; and the number of insider appointments versus outsider appointments.
L.E.K. Consulting’s annual Media & Entertainment Study
was conducted between December 2018 and January
2019. We surveyed around 2,000 households on their
entertainment choices, preferences and viewing habits.
This Executive Insights analyzes key findings about
movie theater attendance and subscription services.
Since last year ended on such a strong note, many of us were optimistic about the prospects for Q1. Though not as strong as the fourth quarter of 2014, the first quarter of 2015 kicked off on a positive note, with 23 technology companies raising US$6.1billion* in proceeds from their IPOs. That’s the second highest first quarter proceeds in the past five years and impressive given the increased US market volatility and consistent with the high pre-IPO valuations we’ve seen recently. Granted, if you look at the year over year comparison, offerings were down 12% and proceeds declined 11%. And sequentially, the number of technology IPOs declined 32% while proceeds fell by 19%. Still, it’s a promising start for 2015. Learn more at www.pwc.com/globaltechipo
*Deal size greater than US$40 million
The prosperity that Australia enjoys today will be challenged in the next decade. Disruptive technology will create fewer but bigger winners and more losers. Business has to increase its risk appetite, discover new ideas, pursue more radical strategies, and take bigger steps. In the face of adversity, Australia must respond.
Federal Technology Vision 2021: Full U.S. Federal Survey Findings | Accentureaccenture
Leaders don’t wait for a new normal, they build it. The Accenture Federal Technology Vision 2021 identifies five key trends that agencies must address to lead in the post-pandemic world. Explore the full survey findings here. https://accntu.re/3sIBI0k
Joining Forces: Interagency Collaboration and "Smart Power"Booz Allen Hamilton
Has U.S. defense, diplomacy and development adopted a “smart power” approach? In this follow-up to a 2010 report, the Government Business Council (GBC) evaluates progress towards increased interagency collaboration and how budget pressures may change foreign policy. Moderator is GBC's Associate Director of Research Erin Dian Dumbacher and Speakers include Booz Allen senior associate's Cheryl Steele and Jonathan Allen. Download the full report here: http://www.govexec.com/gbc/report/smart_power_2011/
Learn more about Smart Power: http://www.boozallen.com/smartpower
18th Annual Global CEO Survey - Technology industry key findingsPwC
Tech CEOs are optimistic about the global economy and both near term and future revenue growth. They view strategic alliances, including partnering with competitors, as a primary means to grow their businesses. We invite you to explore the analysis and contact us to discuss how we can help your business capitalise on the new - but challenging - opportunities for growth. Learn more http://pwc.to/1DaolqY
Website: http://www.pwc.com/gx/en/ceo-survey/2015/industry/technology.jhtml
A.T. Kearney Consolidation of the US Banking IndustryKearney
More and more banked consumers are migrating from small to large banks, flagging the accelerated consolidation of the retail banking industry in the years to come.
A.T. Kearney reached out to more than 2,000 executives, business leaders, and heads of strategy functions to discuss their thoughts on the state of strategy today. Our findings indicate that while most leaders continue to believe in strategy, the return on their strategy initiatives has largely eroded over the past decade. In fact, when asked what it takes to secure a prosperous future, more than 80 percent of executives consider agility as important or more important than strategy when it comes to securing a prosperous future. Fortunately, the findings also point to promising ways to reclaim strategy—including using future-focused tools and techniques and engaging the organization in strategy formulation.
Top 8 Insights From the 2018 Beauty, Health & Wellness SurveyL.E.K. Consulting
Think nutritional supplements and skincare are of interest only to consumers of a certain age? Think again. According to L.E.K. Consulting’s third installment of a biennial survey of the healthy living marketplace, this one focusing on nutrition and skincare, some 80% of health and wellness (H&W) consumers across generations — from millennials to baby boomers — are highly engaged with both categories.
The survey captured insights from more than 1,600 respondents, representing roughly 77% of the U.S. adult population who identify with H&W themes, and generated eight key insights across categories. Together these insights make clear that consumer interest in nutritional supplements and skincare often lasts a lifetime.
The Accelerating Growth of Frictionless Commerce | A.T. KearneyKearney
Traditional payments are being replaced by new "frictionless" options that use customer-provided data to make a purchase without an explicit customer decision.
Intelligent Operations for Future-Ready Businesses | Accentureaccenture
Accenture reveals that the relationship between intelligent operations and business value creation is key to becoming a future-ready organization. Read More.
China Exit or Co-Investment Opportunities for German PE InvestorsL.E.K. Consulting
L.E.K.'s Karin von Kienlin recently presented at BVK on a study conducted by L.E.K. Munich and Shanghai. They wished to:
- Understand developments in Chinese equity investments in both the domestic China / pan-Asian market and cross-border investments between China and Germany / Europe
- Identify trends in likely future investment behavior and its drivers
- Defining success factors both for Chinese and German investors / corporates as to how to benefit from the potential opportunities of cross-border investments and cooperation
Learn more in the presentation here.
The 2016 Strategic Hospital Priorities Study examines the current direction of the industry and, in particular, how Medtech companies can capitalize on the many needs of hospital administrators.
While the healthcare market has steadily evolved since L.E.K. Consulting issued its first hospital study in 2010, many of the same trends remain in place — among them consolidation, non-acute care integration, accountability, technology enhancements and novel pricing schemes.
This Executive Insights addresses a number of key topics, including:
Hospital administrator’s chief priorities
Most valuable medtech services
Focus on IT spending
Outlook for outsourcing
TMT Outlook 2017: A new wave of advances offer opportunities and challengesDeloitte United States
Important trends continue to shape the technology, media, and telecommunications (TMT) industry. What developments should you anticipate in 2017? https://subscriptions.deloitte.com/default.aspx?eventid=1323075
Unleashing Competitiveness on the Cloud Continuum | Accentureaccenture
Accenture reports how the cloud continuum creates a seamless technology & capability foundation that meets business needs now and in the future. Read more.
MGI: From poverty to empowerment: India’s imperative for jobs, growth, and ef...McKinsey & Company
Some 680 million people, or 56% of India, live below MGI’s Empowerment Line and lack acceptable minimum standards of living; the Empowerment Gap is 4% of GDP in value terms (about 7 times the official poverty gap)
From 2005 to 2012, 75% of the improvement in living standards was due to rising incomes, the rest due to government spending; to reduce the gap faster, India needs more productive jobs and higher effectiveness of government spending (e.g., 85 million people below the official poverty line could have been lifted to minimum living standards just by improving delivery of public services)
Almost 40% of the Empowerment Gap comes from health care, drinking water and sanitation; in addition, hunger is a major issue for the poorest segments, and housing for the urban vulnerable
Apart from lacking the means, Indians also lack access to 46% of the basic services they need, with significant variations in the pattern of access deprivation across districts
A path of Stalled Reforms would leave 36% of India below the Empowerment Line and 12% below the Poverty Line in 2022, but the path of Inclusive Reforms can bring these down to 7% and 1% respectively – while achieving fiscal consolidation and reducing access deficit in basic services to 17%, from 46% currently. Raising government spending on subsidies alone delivers just 8% of the total impact. 4 themes are critical
Non-farm jobs deliver >50% of impact; 115 million jobs are needed (38 million more than Stalled Reforms) through 6 broad-ranging reforms and investments in 70-100 job creation engines
Agricultural yield growth delivers ~20% of impact, needing 9 farm sector initiatives and investment rebalancing towards rural infrastructure, research and extension
Public spending on basic services should grow at 7% p.a. in real terms and share of health, water and sanitation to rise from 20% to nearly 50%
Government spending effectiveness must improve from 50% to 75%, by working with private and social sector, community involvement and tight monitoring using technology
Six themes are essential to improve governance across the board (raise institutional capacity and strengthen external accountability)
The Fourth Annual Global Mobility Study [hyperlink] by L.E.K. Consulting, Vision Mobility and CuriosityCX highlights that there is a much greater uptake of ride-hailing and other new mobility options in India and China than in mature western economies. With relatively low levels of car ownership and less developed public transport systems in these Asian countries, new mobility use is now comparable with and set to overtake traditional transport for a segment of the population.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
Lifting the Barriers to Retail Innovation in ASEAN | A.T. KearneyKearney
Rising incomes and growing demand for consumer goods and services in ASEAN create rich opportunities for retailers in the region, which is especially significant as member nations join forces to become an economic powerhouse. Yet ASEAN retailers have been slow in terms of Innovation and as this market opens up, stepping up innovation is required to capitalize fully on the opportunities.
I recently gave this presentaiton at Babson Executive Education\'s Innovation 2.0 Summit. There is some interesting data from the audience on practices in measuring innovation inside.
A.T. Kearney Consolidation of the US Banking IndustryKearney
More and more banked consumers are migrating from small to large banks, flagging the accelerated consolidation of the retail banking industry in the years to come.
A.T. Kearney reached out to more than 2,000 executives, business leaders, and heads of strategy functions to discuss their thoughts on the state of strategy today. Our findings indicate that while most leaders continue to believe in strategy, the return on their strategy initiatives has largely eroded over the past decade. In fact, when asked what it takes to secure a prosperous future, more than 80 percent of executives consider agility as important or more important than strategy when it comes to securing a prosperous future. Fortunately, the findings also point to promising ways to reclaim strategy—including using future-focused tools and techniques and engaging the organization in strategy formulation.
Top 8 Insights From the 2018 Beauty, Health & Wellness SurveyL.E.K. Consulting
Think nutritional supplements and skincare are of interest only to consumers of a certain age? Think again. According to L.E.K. Consulting’s third installment of a biennial survey of the healthy living marketplace, this one focusing on nutrition and skincare, some 80% of health and wellness (H&W) consumers across generations — from millennials to baby boomers — are highly engaged with both categories.
The survey captured insights from more than 1,600 respondents, representing roughly 77% of the U.S. adult population who identify with H&W themes, and generated eight key insights across categories. Together these insights make clear that consumer interest in nutritional supplements and skincare often lasts a lifetime.
The Accelerating Growth of Frictionless Commerce | A.T. KearneyKearney
Traditional payments are being replaced by new "frictionless" options that use customer-provided data to make a purchase without an explicit customer decision.
Intelligent Operations for Future-Ready Businesses | Accentureaccenture
Accenture reveals that the relationship between intelligent operations and business value creation is key to becoming a future-ready organization. Read More.
China Exit or Co-Investment Opportunities for German PE InvestorsL.E.K. Consulting
L.E.K.'s Karin von Kienlin recently presented at BVK on a study conducted by L.E.K. Munich and Shanghai. They wished to:
- Understand developments in Chinese equity investments in both the domestic China / pan-Asian market and cross-border investments between China and Germany / Europe
- Identify trends in likely future investment behavior and its drivers
- Defining success factors both for Chinese and German investors / corporates as to how to benefit from the potential opportunities of cross-border investments and cooperation
Learn more in the presentation here.
The 2016 Strategic Hospital Priorities Study examines the current direction of the industry and, in particular, how Medtech companies can capitalize on the many needs of hospital administrators.
While the healthcare market has steadily evolved since L.E.K. Consulting issued its first hospital study in 2010, many of the same trends remain in place — among them consolidation, non-acute care integration, accountability, technology enhancements and novel pricing schemes.
This Executive Insights addresses a number of key topics, including:
Hospital administrator’s chief priorities
Most valuable medtech services
Focus on IT spending
Outlook for outsourcing
TMT Outlook 2017: A new wave of advances offer opportunities and challengesDeloitte United States
Important trends continue to shape the technology, media, and telecommunications (TMT) industry. What developments should you anticipate in 2017? https://subscriptions.deloitte.com/default.aspx?eventid=1323075
Unleashing Competitiveness on the Cloud Continuum | Accentureaccenture
Accenture reports how the cloud continuum creates a seamless technology & capability foundation that meets business needs now and in the future. Read more.
MGI: From poverty to empowerment: India’s imperative for jobs, growth, and ef...McKinsey & Company
Some 680 million people, or 56% of India, live below MGI’s Empowerment Line and lack acceptable minimum standards of living; the Empowerment Gap is 4% of GDP in value terms (about 7 times the official poverty gap)
From 2005 to 2012, 75% of the improvement in living standards was due to rising incomes, the rest due to government spending; to reduce the gap faster, India needs more productive jobs and higher effectiveness of government spending (e.g., 85 million people below the official poverty line could have been lifted to minimum living standards just by improving delivery of public services)
Almost 40% of the Empowerment Gap comes from health care, drinking water and sanitation; in addition, hunger is a major issue for the poorest segments, and housing for the urban vulnerable
Apart from lacking the means, Indians also lack access to 46% of the basic services they need, with significant variations in the pattern of access deprivation across districts
A path of Stalled Reforms would leave 36% of India below the Empowerment Line and 12% below the Poverty Line in 2022, but the path of Inclusive Reforms can bring these down to 7% and 1% respectively – while achieving fiscal consolidation and reducing access deficit in basic services to 17%, from 46% currently. Raising government spending on subsidies alone delivers just 8% of the total impact. 4 themes are critical
Non-farm jobs deliver >50% of impact; 115 million jobs are needed (38 million more than Stalled Reforms) through 6 broad-ranging reforms and investments in 70-100 job creation engines
Agricultural yield growth delivers ~20% of impact, needing 9 farm sector initiatives and investment rebalancing towards rural infrastructure, research and extension
Public spending on basic services should grow at 7% p.a. in real terms and share of health, water and sanitation to rise from 20% to nearly 50%
Government spending effectiveness must improve from 50% to 75%, by working with private and social sector, community involvement and tight monitoring using technology
Six themes are essential to improve governance across the board (raise institutional capacity and strengthen external accountability)
The Fourth Annual Global Mobility Study [hyperlink] by L.E.K. Consulting, Vision Mobility and CuriosityCX highlights that there is a much greater uptake of ride-hailing and other new mobility options in India and China than in mature western economies. With relatively low levels of car ownership and less developed public transport systems in these Asian countries, new mobility use is now comparable with and set to overtake traditional transport for a segment of the population.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
Lifting the Barriers to Retail Innovation in ASEAN | A.T. KearneyKearney
Rising incomes and growing demand for consumer goods and services in ASEAN create rich opportunities for retailers in the region, which is especially significant as member nations join forces to become an economic powerhouse. Yet ASEAN retailers have been slow in terms of Innovation and as this market opens up, stepping up innovation is required to capitalize fully on the opportunities.
I recently gave this presentaiton at Babson Executive Education\'s Innovation 2.0 Summit. There is some interesting data from the audience on practices in measuring innovation inside.
Navigating the changing landscape of channel partners in technology industryJoonas Järvinen
What makes us followers? How to become a game changer?
Status Quo of partner channel performance with in the technology industry.
The speed of change in the technology industry in relation to products and services is accelerating, and the distribution needs of partners are also rapidly evolving to keep up. This brings to mind a number of questions: how is the channel adapting to this change, is the channel still relevant, are the roles changing in the channel and how are vendors and partners managing this change?
STR 581 & STR 581 Capstone Final Examination Part Three - Questions and Answe...UOP E Help
University of Phoenix Students focuses on the latest study guide of STR 581 Capstone Final Examination Part Three, STR 581 Capstone Final Examination Part Three Answers, UOP STR 581 Capstone Final Examination Part Three Questions and Answers Free, Capstone STR 581 Final Examination Part Three Week 1-6 Final Exam through by UOP E Help : http://www.uopehelp.com/University-of-phoenix/STR-581-Capstone-Final-Examination-Part-Three-Latest.html
We, the Team_Irreversible participated in a National Inter-University Case Study Contest named 'Greenwave', arranged by Swapnotthan, a voluntary organization of SUST.
In the second round of the event, a case was given regarding 'ecostore', a New-Zealand based eco-friendly company who are currently in confusion to adopt the Sugarcane-based PE technology and also in need of selecting a partner from three potential manufacturers.
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...Best Practices
In order to develop an effective global branding program for new bio-pharmaceutical products, it is important to ensure brand consistency across all functions and geographies.
Best Practices, LLC undertook research to gather benchmarks on key aspects of the global branding process, including activities, timing, positioning, key message development, regional alignment, agency utilization & cost and the tradename process.
Download Full Report: http://bit.ly/2a1XqUV
Vinamilk is the leading enterprise of the dairy processing industry in Vietnam. In addition to product quality that many customers trust, Vinamilk's brand is also known by many famous and effective marketing strategies and campaigns.
By observations and qualitative analysis with synthesis and inductive methods, and quantitative model (econometric), study results shows that first, Vinamilk can increase net profit through reducing cost and increasing sale. Also it needs policy to reduce inflation and risk free rate to increase its profit. Last but not least, one of its success factors is that Vinamilk is paying great attention to improving and supplementing its new product categories. And finally, the company also organized 3 distribution channels successfully.
5 Opportunities in the Nutritional Supplements IndustryL.E.K. Consulting
According to the third installment of a biennial survey L.E.K. Consulting conducted on the healthy living marketplace, U.S. adult consumers spend, on average, a reported $635 on nutritional supplements each year: $433 on vitamins, minerals and herbal supplements (VMS), and $202 on sports nutrition products. And yet, within both categories, there is still room for further growth.
Indeed, when asked about their prior month’s purchases, just 55% of consumers who make H&W a priority said they bought VMS, and only 25% had purchased sports nutrition products. In other words, for retailers and brands there are some significant opportunities — and even a lurking threat — to be found.
Infrastructure Victoria - AZ/ZEV International ScanL.E.K. Consulting
InfrastructureVictoria for released the Evidence Base that will inform its advice to the Victorian Government on the infrastructure required to support automated and zero emissions vehicles. The Evidence Base includes the findings of ten projects to address key areas, including transport, energy, ICT and urban design. L.E.K. Consulting contributed to this work program, undertaking an international scan of the regulation and technical standards relating to automated and zero emission vehicle technologies.
The Rapidly Evolving Landscape of Meal Kits and E-commerce in Food & BeverageL.E.K. Consulting
Consumers are increasingly strapped for time, and when they’re shopping for and preparing fresh, healthy food, every extra minute counts. Here’s where meal kits and e-commerce come in: they give consumers control and the ability to personalize their meals, while saving them valuable time otherwise spent on shopping and food prep.
In this webinar, Rob Wilson, Managing Director at L.E.K. Consulting, and The Food Institute will explore the $150 billion land grab of e-commerce sales in food & beverage and the role of meal kits in this rapidly evolving landscape.
Spotlight on Media & Entertainment: Box Office TrendsL.E.K. Consulting
In the first installment of our Executive Insights “Spotlight on Media & Entertainment" series – which features our insights in a new impactful visual format – we focus on box office trends. L.E.K.’s Dan Schechter, Gil Moran and Francesco Di Ianni explore the current trends in admissions, movie production, movie ticket prices and whether the 3D movie growth may be coming to an end.
Capitalizing on Opportunities in Fresh Prepared FoodsL.E.K. Consulting
With the increased focus on investing in the perimeter of the grocery store, fresh prepared foods is one of the most interesting growth areas for U.S. grocers. The lines of retail and foodservice have been blurring as grocers realize there is a golden opportunity to capitalize on consumers’ desire for fresh prepared foods and drive foot traffic.
This Executive Insights profiles the high-growth category of fresh prepared foods and why retailers and suppliers alike can expect to find significant opportunities in this market for years to come.
The 2016 Health & Wellness Study examines consumer spending preferences for nutritional supplements, personal care and healthy grocery products among Millennials, Gen X and Boomers. The study looks at category engagement, drivers of channel selection and, the potential for subscription services, as well as the success factors for private-label products. Selected highlights:
While some H&W categories are more “mature” in terms of generational penetration there appears to be significant opportunity to bring Gen Xers and Boomers into more complex categories such as functional beverages and sports nutrition
Traditional grocery and mass merchants continue to be main channels for food & beverage, while nutritional supplements and personal care must employ a broader channel strategy
Convenience plays a more significant role in shopping channel selection for food & beverage consumers than other categories
Millennials and Gen X consumers are far more likely to purchase subscriptions, especially for skin care products, compared to Boomers
Today’s air, rail and cruise/ferry passengers, conditioned by their interactions with retailers, have different expectations from those held in the past. They expect options during travel, require flexible pricing alternatives and value personalized experiences.
While passengers have idle time during transit, they each have different needs based on who they are, the purpose of their travel, and where they are in their journey. This gives transport providers the unique opportunity to leverage retailer best practices and provide a consistent, personalized customer experience.
In this Executive Insights Spotlight on Transport, L.E.K. examines the changing behaviors of passengers and reveals how transport providers must act and think differently to implement a differentiated merchandising strategy — one that truly captivates their passengers with personalized, bundled content and connectivity offerings and makes the most of their time on board.
Spotlight on Technology: Steering Clear of the IT Danger ZonesL.E.K. Consulting
In this Executive Insights' "Spotlight on Technology: Steering Clear of the Danger Zones," learn why companies are increasingly taking advantage of IT services to migrate their industry-specific services to the cloud, how customers are utilizing vendors and which vendors will win by capitalizing on these opportunities.
In the second installment of L.E.K.'s "The Perennial Millennial" Executive Insights spotlight series, we explore the uptake and future interest in Over-The-Top (OTT) services among Millennials by life stage and the potential impact on traditional Pay TV providers.
L.E.K. recently conducted the first in-depth analysis of U.K. Millennials’ media consumption habits by life stage, from living at home with parents all the way through to starting their own families. The research, which covers six life stages, shatters the common assumption that, once millennials are older and have their own children, they revert to more traditional media consumption patterns.
Spotlight on Media & Entertainment: Future of Advertising SpendL.E.K. Consulting
In this latest Executive Insights Spotlight on Media & Entertainment series, L.E.K. uncovers the latest in digital advertising spend and the future of industry consolidation.
Spotlight on Media & Entertainment: Virtual RealityL.E.K. Consulting
As new technologies are developed and price points drop, virtual reality (VR) is poised to take off for some applications. In this Executive Insights’ "Spotlight on Media and Entertainment" series, L.E.K. takes a look at the three different types of VR including Super VR, Medium VR, and Casual Mobile VR.
Maximising Value from Airport Investments – Adopting a Truly Active ApproachL.E.K. Consulting
Leading airports are now transforming into customer-led organizations, with real financial benefits and implications for their business models. L.E.K. experience has shown significant benefits from taking this kind of approach. This presentation looks at Australian and New Zealand airports in the context of this transformation - most have begun the journey, but there is further to go.
The New Face of Retail: Retail and Consumer Trends Reshaping the LandscapeL.E.K. Consulting
There are several trends reshaping the U.S. retail market today, from the decline of traditional media to smaller, more focused branding. In this webinar with ACG, L.E.K. Consulting’s Rob Haslehurst and Jon Weber discuss the trends reshaping the retail market today.
China: Opportunities and Hot-Spots in the MedTech (Medical Device), Pharmaceu...L.E.K. Consulting
In this presentation, Dr Neale Jones, Partner, L.E.K. Consulting Australia explores the "Opportunities and hot spots for Australian companies in China". This presentation aims to assist Australian companies in the life science industry in entering the China market. This was first presented at the Australia China Life Sciences Summit in Sydney Australia in February 2014.
Opportunities and Challenges Associated with Novel Companion Diagnostic Techn...L.E.K. Consulting
L.E.K. Managing Director Alex Vadas spoke at a BDA workshop on "How to Mature Emerging Technologies into Companion Diagnostics?" See his presentation here.
L.E.K.'s John Moran recently spoke at an NDC in Action conference hosted by Farelogix. He covered topics such as the evolution of consumer expectations, merchandising's potential, why NDC matters and 10 questions to ask about your ancillary strategy. Learn more in his presentation here.
Improving Sales Force Performance and EffectivenessL.E.K. Consulting
L.E.K. Managing Director Chris Kenney spoke at a Chief Executive Network event on improving sales force performance and effectiveness. See his presentation here.
8 Big Reasons Why Loyalty Will Transform the Customer ExperienceL.E.K. Consulting
L.E.K.'s Dan McKone recently presented at the 9th FFP Loyalty Conference 2013 on loyalty transforming the customer experience. Here's his presentation.
8 Big Reasons Why Loyalty Will Transform the Customer Experience
2018 Brand Owner Packaging Survey
1. Packaging Survey Analysis
Executive Insights
2018 Brand Owner Packaging Survey
L.E.K. Consulting recently surveyed more than 200 U.S. brand
managers and packaging stakeholders to understand their
packaging needs and views on trends driving demand.
The survey focused on topics that include:
• Brand trends and their effect on packaging demand
• Shifts within packaging (e.g., new materials, packaging
innovations)
• Perspectives on packaging demand (including forecast spend on
packaging for their brands)
This Executive Insights analyzes key findings from this
proprietary research.
The 2018 L.E.K. Consulting Brand Owner Packaging Survey was conducted by Thilo Henkes, Managing Director;
Jeff Cloetingh, Principal; and Amanda Davis Winters, Senior Engagement Manager, in L.E.K. Consulting’s Paper &
Packaging practice. Thilo and Jeff are based in Boston, and Amanda is based in New York.
For more information, contact industrials@lek.com.
2. Packaging Survey Analysis
Executive Insights
Brand owners have been affected by
several trends that have led them to
pursue these product initiatives in the past
five years:
• Introducing more sub-brands, products
and SKUs
• Launching one or more product/
packaging innovations
• Optimizing pricing and promotional
strategies
Product packaging is affected more than
two-thirds of the time by these initiatives.
Packaging demand affected by broader trends
2018 Brand Owner Packaging Survey2
More key
findings
t
introduced more sub-brands,
products and SKUs49%
launched new product and
packaging innovations59%
implemented new pricing and
promotion strategies60%
of brand owners say their product
packaging has been affected by
these changes
65%
Out of more than 200 brand owners surveyed:
3. Packaging Survey Analysis
Executive Insights
Shift toward sustainability and more formats
2018 Brand Owner Packaging Survey3
More key
findings
t
The packaging landscape is going
through a transformation, and our survey
uncovered three notable shifts.
An increase in sustainable packaging:
Approximately 40% of brand owners
reported some change toward sustainable
packaging in the past two years, and the
majority of brand owners plan to move a
portion of volume to sustainable packaging
in the future.
More packaging formats: To combat
pricing pressures, nearly half of brand
owners plan to expand their price-pack
architecture offering over the next five
years, which will increase the number of
packaging formats.
Shorter, more profitable packaging
runs: As brand owners continue to launch
new products and SKUs proliferate over
the next five years, L.E.K. Consulting
believes packaging runs will continue to
be shorter — and more profitable.
plan to move a portion of volume
to sustainable* packaging in the next five years
plan to expand price-pack
architecture in the next five years
Most
50%
Out of more than 200 brand owners surveyed:
*Sustainable packaging material is defined as anything that includes biodegradable, recycled or compostable content.
4. Packaging Survey Analysis
Executive Insights
Demand and forecast spend remain strong
2018 Brand Owner Packaging Survey4
Key drivers
for growth
t
Packaging plays a key role in a brand’s
success. The majority of brand owners
reported that packaging is important to
their brand’s success.
Packaging is crucial to both brand and
private-label owners. Packaging was
rated high in importance by both branded
and private-label brand owners.
Investment in packaging is a priority.
Half of brand owners expect to increase
spending on packaging next year.
Recessions have a positive impact
on packaging. Brand owners typically
employ strategies that positively impact
packaging demand during slow economic
growth, such as introducing more value
sub-brands or SKUs, or adding more SKUs
to capture shelf space.
More than 80%
reported packaging is important to their brand’s success
Packaging’s importance was rated on average 5.5
out of 7, with 7 being
“very important”
50%
expect to increase package spend next year
Out of more than 200 brand owners surveyed:
5. Packaging Survey Analysis
Executive Insights
Over the past five years, brand owners
have found healthy, natural and
environmentally friendly products haven’t
only been good for their customers and
the planet — they’ve also been good for
their companies’ bottom line. In fact, 23%
of survey respondents cited healthier/
natural alternatives as a top driver of
growth, while 23% said environmentally
friendly products had the greatest impact.
Healthy and “green” products drive recent brand growth
Top drivers of brand growth, past 5 years
Percentage of respondents indicating one of the following as a top driver (n=204)
2018 Brand Owner Packaging Survey
Note: [Q] Which of the following were the biggest drivers of growth for your primary brand over the last 5 years?
Source: L.E.K. 2018 Packaging Survey
5
More key
findings
t
Offering healthier/natural/green products 46%
Gaining new consumers 23%
Opening of new outlets/locations for distribution 21%
Optimizing pricing and promotions 20%
6. Packaging Survey Analysis
Executive Insights
Those surveyed expect to face specific
barriers to growth over the next five years,
with increasing competition ranking the
highest, followed by pricing pressures
and rising labor costs tied for second.
Of note, pricing pressures rank as the
highest challenge among 49% of beauty
& personal care brand owners, while 40%
of healthcare consumer brand owners
expect regulatory and legislative pressures
to challenge growth. And 29% of those
surveyed in the food & beverage industry
believe rising distribution costs will pose a
threat to growth.
Brand owners face competition proliferation and pricing pressures
2018 Brand Owner Packaging Survey
Note: [Q] Which of the following do you expect to be the most significant growth barriers over the next 5 years?
Source: L.E.K. 2018 Packaging Survey
6
Rising competition
impacts packaging
t
Challenges to growth over the next 5 years
Percentage of respondents indicating each is a top challenge (n=204)
= particularly relevant to the end market
Total
Food &
beverage
(n=89)
Beauty &
personal care
(n=35)
Healthcare
(n=25)
Pet &
household
(n=28)
Increasing competition 31% 29% 29% 32% 36%
Pricing pressures 26% 17% 49% 28% 29%
Rising labor costs 26% 26% 26% 20% 36%
Rising distribution costs 21% 29% 14% 12% 14%
Regulatory and
legislative pressures
19% 17% 14% 40% 14%
7. Packaging Survey Analysis
Executive Insights
Competitive pressure affects packaging decisions
2018 Brand Owner Packaging Survey7
More SKUs on
the horizon
t
In an effort to ride market tailwinds and
combat the headwinds, brand owners
have launched myriad initiatives to
improve brand positioning, some of which
have affected packaging. For instance,
unique packaging has been used to
signify a new product launch, introduce a
new brand, or convey special pricing and
promotions to consumers.
Note: [Q] You previously mentioned a few ways you have improved your primary brand’s positioning. Have any of these brand
changes affected your primary brand’s packaging as a result of the changes made to improve your primary brand’s positioning in
the last 2 years?
Source: L.E.K. 2018 Packaging Survey
Have any of these brand changes affected your brand’s packaging over the last 2 years?
Percentage of respondents that indicated “yes” (n=204)
Introduce one or more product
or packaging innovations
Optimize pricing and
promotional strategies
Enter new outlets/
locations for distribution
Source from local suppliers
Implement new
partnerships
Merge with/acquire
another company
Introduce more sub-brands,
products and SKUs
0 25 50 75
Including packaging
material shifts
72
72
68
63
63
59
58
8. Packaging Survey Analysis
Executive Insights
SKU, sub-brand and product proliferation trend continues
2018 Brand Owner Packaging Survey8
SKU fragmentation means
shorter runs
t
Both branded and private-label brand
owners plan to continue launching more
sub-brands, products and SKUs over
the next five years. And while growth
is trending upward for both groups,
branded brand owners expect to launch a
greater number of sub-brands, products
and SKUs than private-label brand
owners. For instance, branded brand
owners on average expect to launch 57
new SKUs in the next five years versus 38
new SKUs for private-label brands.
Note: [Q] How has the number of total sub-brands/different products available/different SKUs from your primary brand evolved over the last 5 years?
How do you expect it to evolve over the next 5 years? *Includes year-round and seasonal/promotional SKUs
Source: L.E.K. 2018 Packaging Survey
Average number of sub-brands, products and SKUs (2012, 2017, 2023F)
Mean number of respondents (n=204)
Sub-brand count Product count SKU count*
55
50
45
40
35
30
25
20
15
10
5
0
5 years from now
Today
5 years ago
9
18
37
18
23
40
24
31
52
9. Packaging Survey Analysis
Executive Insights
Brand owners indicate that SKU
fragmentation has been a major driver for
shorter packaging runs over the past five
years. And this trend is not expected to
slow down: The number of shorter runs
is only expected to increase over the next
five years.
Shorter run lengths gaining share at expense of longer run lengths
2018 Brand Owner Packaging Survey9
Product innovations
impact packaging
t
Note: [Q] Across your brands that utilize [rigid plastic/flexible plastic], how has your use of various run lengths changed in
the past 5 years? How do you expect them to change in the next 5 years?
Source: L.E.K. 2018 Packaging Survey
Prevalence of “short runs” for branded products (2018, 2023F)
Percentage of runs (n=204)
Rigid plastic
This year
(n=93)
0
5
10
15
20
25
30
35
40
Rigid plastic
5 years from now
(n=93)
Flexible plastic
This year
(n=97)
Flexible plastic
5 years from now
(n=97)
36
3434
31
Run length definitions
for flexible and
rigid packaging:
Short:
Less than 30,000 units
Medium:
30,000-150,000 units
Long:
More than 150,000 units
10. Packaging Survey Analysis
Executive Insights
Packaging keeps pace with product innovations
2018 Brand Owner Packaging Survey10
Outlook on packaging
innovations
t
A number of product innovations have
driven changes to packaging in the past
two years. For instance, the good/better/
best pricing of “value” products can often
lead to differentiated packaging. Another
example is the expansion of price-pack
offerings — which often leads to greater
packaging variety within a brand.
Packaging also communicates brand-new
flavor profiles, the latest and greatest
technology features, the degree to
which products are “clean label,” and a
product’s health benefits or safety claims.
And as environmentally friendly, green
products grow in popularity, brands want
not only their products to be sustainable
but their packaging to be as well.
Note: [Q] You previously mentioned a few ways you have improved your primary brand’s innovation.
Have any of these brand changes also affected your brand’s packaging in the past 2 years?
Source: L.E.K. 2018 Packaging Survey
Have any of these brand changes affected your brand’s packaging in the past 2 years?
Percentage of respondents that indicated “yes” (n=204)
Introduce flavors/
product lines
Introduce value products
Introduce health-focused
products
Expand price-pack offerings
Provide safety assurances
Introduce environmentally friendly/
sustainable products
Introduce new packaging
formats for select SKUs
Introduce new technology-based
products
Provide traceability of
materials/ingredients
75%
74%
73%
73%
72%
71%
70%
69%
77%
11. Packaging Survey Analysis
Executive Insights
Innovations expected in labels, graphics and materials
2018 Brand Owner Packaging Survey11
Packaging during
a recession
t
Brand owners expect to continue the
trend of implementing packaging changes
over the next five years, specifically
in labels, graphics/printing, primary
packaging materials, secondary packaging
materials and packaging shapes. Other
key findings include:
• Flexible plastic is expected to continue
outpacing growth of other packaging
materials
• Most respondents plan to move a
portion of volume to sustainable
packaging in the next five years
• Brand owners expect to make changes
to labels and graphics as a way to
differentiate products (e.g., through
use of digital printing)
Note: [Q] Have you made any of the following changes to your primary brand packaging in the last 2 years?
Do you expect to make any of these changes in the next 2 years?
Source: L.E.K. 2018 Packaging Survey
Changes in brand packaging, historical and forecasted
Percentage of respondents reporting changes (n=204)
Last 2 years Next 2 years
0
10
20
30
40
Label
36%
34%
27%
37%
35% 34%
Graphics/printing Primary packaging material
12. Packaging Survey Analysis
Executive Insights
Recessions adversely affect brand sales
2018 Brand Owner Packaging Survey12
Employing pricing strategies
during recessions
t
More than half of brand owners indicate
that a typical recession is likely to have
more than a 15% revenue impact on their
brand. And their typical response is to
employ pricing strategies that positively
affect packaging demand.
The estimated average impact to revenue
across end markets surveyed was similar,
ranging from 17% (food & beverage) to
20% (pet & household).
Note: [Q] In your best estimate, what would the total retail sales impact be if there was a U.S. economic recession
for your primary brand? *Limited impact includes 0-4%, limited impact and “I don’t know” responses; **Total
includes “other consumer goods” category; ^Cyclicality defined as >15% impact on brand sales in a recession.
Source: L.E.K. 2018 Packaging Survey
Average percentage revenue impact on brand sales in a recession
Percentage impact on sales (n=204)
0
20
40
60
80
100
Total**
(n=204)
Average percent revenue
impact by end market
5%
13%
24%
16%
18%
13%
12%
>30% impact
25-29%
20-24%
15-19%
10-14%
5-9%
Limited impact*
18%
Overall
20%
Pet food &
household
18%
Beauty &
personal care
17%
Healthcare
17%
Food &
beverage
Decreasinglycyclical^
13. Packaging Survey Analysis
Executive Insights
Recession-era strategies expand diversity of brand owner packaging needs
2018 Brand Owner Packaging Survey13
Packaging integral to
brand’s success
t
L.E.K. Consulting found that price-pack
architecture and value products are
among the top pricing strategies brand
owners employ during periods of slow
economic growth. Consider high-end
chocolatier Godiva, which post-recession
began repackaging its chocolates in
individually wrapped servings to compete
in grocery store aisles against Ghirardelli
and Lindt.
Other strategies include switching to
lower-cost ingredients/materials and
adding more SKUs to capture shelf space.
For instance, Nature Valley recently
introduced oat bar and organic brownie
products to increase its presence in the
natural snack category.
Note: [Q] What actions would you consider and implement during a U.S. economic downturn for your primary brand?
Source: L.E.K. 2018 Packaging Survey
Likelihood of implementing recession actions (2018)
Percentage of respondents (n=204)
Introduce more value
segment sub-brands
Change product to lower-cost
materials/ingredients
Add more SKUs to
capture shelf space
Change packaging to
lower-cost materials
Make no changes to SKU
portfolio within brand
Enter more value
retailers
0 10 20 30 40 50 60 70 80 90 100
Would implement
Would consider but unlikely to implement
Would not consider
39%
39%
33%
30%
27%
27%
37%
44%
41%
36%
50%
48%
24%
17%
26%
33%
23%
25%
14. Packaging Survey Analysis
Executive Insights
Packaging crucial to brand’s success
2018 Brand Owner Packaging Survey14
An uptick in
packaging spend
t
More than 80% of packaging brand
owners responding to the survey reported
that packaging is important to their
brand’s success. Across end markets,
beauty & personal care and food &
beverage brand owners tend to see the
value of packaging and its effect on their
brand’s success the most, while it ranked
less important to healthcare brand owners
in comparison.
Note: [Q] How important do you think packaging is to the success of your primary brand? Please rate the importance of
packaging on a scale of 1 to 7 where 1 = “Not at all important” and 7 = “Very important.” *”Other consumer goods”
includes computer/electronics, jewelry, shoes.
Source: L.E.K. 2018 Packaging Survey
Importance of packaging to a brand’s overall success, by brand type
and by brand end market (2018)
Percentage of respondents, ranked on a scale of 1 to 7 (n=204)
0
10
20
30
40
50
60
70
80
90
100
5.5 5.5 5.6
Average
score
Type of brand
Total
(n=204)
Branded
(n=148)
Private label
(n=56)
7 Most important
6
5
4 Neutral
3
2
1 Least important
25%
33%
25%
11%
21%
36%
26%
11%
34%
27%
21%
11%
4% 5%
4%
15. Packaging Survey Analysis
Executive Insights
Packaging spend expected to grow
2018 Brand Owner Packaging Survey15
Nearly 50% of brand owners anticipate
increasing packaging spend next year.
And of those brand owners, 22% expect
to increase spend by more than 10%.
Other key findings among brand owners
who plan on increasing spend:
• Branded brand owners expect to increase
an average of approximately 6%
• Private-label brand owners expect to
increase an average of roughly 7%,
which is likely driven by room for
growth in private-label growth and
premiumization within the private-
label category
Note: [Q] How has your spend on packaging for each of your primary brand SKUs changed over the last 12 months? How do you expect spending
to change for each SKU over the next 12 months? *Includes spend estimates for 900+ SKUs given by 204 respondents.
Source: L.E.K. 2018 Packaging Survey
Change in packaging spend, historical and forecasted
Percentage of SKUs (n=204*)
0
100
80
60
40
20
Last 12 months Next 12 months Next 12 months
Decrease
27%
Decrease
23%
Increase 0-4%
41%
No change
34% No change
28%
Increase 5-9%
38%
Increase
40% Increase
48%
Increase >10%
22%