Taco Bell positions itself as a fun, youthful fast-food brand catering to millennials, offering inexpensive and customizable Mexican-inspired dishes. Despite facing several food safety incidents in the past, it has successfully rebranded as a social media sensation and introduced innovations like the Doritos Locos Taco and a breakfast menu. Current strategies include focusing on high-quality ingredients, promoting healthy eating trends, and expanding meal times beyond late-night offerings.