Part 2- Need PPT work.
Strategic Global Business Management
Course: Business Research
Course Code: BUS8375
Name of Professor: Robert Pal
Team No: 2
Team Members
Mercy Fawole
Modinat Agbeni
Chisom Ike
Introduction:
Nestlé, a global food, and beverage powerhouse is committed to the
transformative power of nourishing, delightful food that respects and preserves
resources for future generations. With expertise in nutrition, health, and wellness,
Nestlé contributes to happier and healthier lives for people and pets. Nido Milk, a
trusted brand under Nestlé, stands out for its diverse product range catering to
various age groups, providing a nutritional foundation for growth and
development.
This study aims to explore how Nido Milk can enhance its brand by leveraging
better materials, ingredients, and packaging, aligning with global sustainability
goals. The research investigates Nido Milk’s focus on responsible consumption and
production, examining its packaging strategies and addressing consumer
demands.
Relevance of the product
The significance of Nido Milk and its packaging solutions in advancing Sustainable
Development Goal 12 is evident through a five-pillar packaging strategy. This
strategy emphasizes reducing plastic usage, scaling reusable systems, designing
eco-friendly materials, supporting recycling infrastructure, and fostering
behavioral change. Nido Milk's commitment includes recyclable and reusable
packaging, the use of recycled and renewable materials, and a substantial
reduction in total packaging weight. Nestlé's contributions extend to employee
training and global educational campaigns and the four pillars of the sustainability
approach are Environment, Human rights, and Animal fare. Initiatives like the
ALDO refillable dispenser and trials of reusable packaging further position Nido
Milk as a sustainable product aligned with SDG 12, working towards a future with
minimal waste (Nestle, 2013).
Research Nestlé’s efforts address food insecurity, delivering77 130 billion servings
of affordable, fortified products in 2022. Their commitment to transparency, as
the first to disclose nutritional values using the Health Star Rating system for the
entire global portfolio, showcases accountability. Active participation in global
sustainability efforts, advocating for initiatives like the UN Treaty on Plastic
Pollution and COP conferences, coupled with top-ranking advocacy recognition,
solidifies Nestlé’s commitment to responsible practices among food and beverage
companies (Bulck, 2022).
MANAGEMENT PROBLEM OF NIDO
It has been discovered that the patronage for Nido Milk has dropped drastically in the past 2 years due to the below reasons.
1. Limited Availability in Mainstream Grocery Stores 2. Nutritional Comparison with Similac Grow & Go 3. Requires Proper Storage
This is problematic to management for several reasons which are decreased sales and revenue to the company, brand reputation or eroding, customer dissatisfaction, and supply chain problems leading to limited availability inefficiencies or breakdowns in distribution channels.
Ensuring every Nido milk carton is up to standard involves closely monitoring
every step of the production process. This means using quality materials to make
the milk, putting an eye to checking every stage of production, and making sure it
tastes great and the same its safe, and has all the ingredients required.
To achieve this, there is a great need to test it a lot, ensure that every team
member is doing their job right, and fix any problems quickly enough so that
people will keep liking it.
Packaging Efficiency: Making sure Nido milk is packaged properly and gets to
shops without any problems. This entails using the right materials, managing the
amount of milk produced, and working out how to recycle the packaging.
Quality Control: Ensuring every carton of Nido milk tastes great, is safe to drink,
and has all the right nutrients. This means checking the milk and packaging during
production, making sure the machines are working well, and fixing any issues
immediately to keep customers satisfied.
Increase Production and Distribution: Put more effort into increasing production
capacity to meet demand and ensure a steady supply of Nido in stores. Improve
distribution channels to reach more stores and ensure consistent availability.
Nutritional Content Improvement: Review and adjust the formulation of Nido to
ensure it meets nutritional standards and consumer expectations. This may
involve fortifying the milk with additional vitamins and minerals to address any
deficits.
Improve Communication and Education: Teach retailers and consumers about the
nutritional benefits of Nido and the importance of proper storage. Providing clear
labeling and instructions for storage to minimize quality degradation.
Research Objectives
The Research Objective is to explore the subtleties of customer behavior and
preferences related to Nestle's Nido Milk. The numerous elements affecting
consumers' choices to buy Nido Milk over other milk substitutes, like fresh milk or
rival powdered milk products, is one of the main areas of inquiry that we
investigate. We aim to gain knowledge of the distinct value proposition of Nido
Milk in the perspective of consumers by analyzing several characteristics such as
price sensitivity, convenience, perceived nutritional advantages, and brand loyalty.
This study also attempts to evaluate consumer satisfaction levels with Nido Milk
by investigating their experiences with the product, including preferences for
taste, convenience of preparation, and general contentment with the quality of
the product. Determining opportunities for development and preserving brand
loyalty requires an understanding of consumer happiness.
In addition, our objective is to investigate how customers view the nutritional
advantages that Nido Milk provides in comparison to alternative milk. This
involves looking at how consumers perceive and comprehend the nutrient
enrichment of Nido Milk, including its vitamin and mineral content, and how these
views affect their choices when making purchases. To examine the consumer
demand and evaluate the target statistics, marketing avenues, and branding
methods used by Nestlé to promote Nido Milk to expand their product
improvement.
Research Questions
How do customers perceive and understand the enrichment of Nido Milk
compared to Alternative Milk?
In what ways does convenience influence consumers' preferences for Nido
Milk, particularly in terms of preparation and consumption?
What are the opportunities for development in enhancing consumer
happiness and preserving brand loyalty for Nido Milk?
Why do consumers perceive nutritional differences between Nido Milk and
Similac Grow & Go and how can these perceived nutritional advantages
influence consumer choices?
What improvements can be made to better communicate the nutritional
benefits of Nido Milk and proper storage practices?
References Bulck, P. (2022). Creating Shared Value and Sustainability Report. Vevey, Switzerland: Nestle media .
creating-shared-value-sustainability-report-2022-en.pdf (nestle.com)
Nestle. (2013). The Nestle Policy on Environmental Sustainability. Vevey, Switzerland: Corporate Identity
& Design.
Our sustainable packaging strategy | Nestlé Global (nestle.com)
- References