Wednesday, September 26, 2012

globalEDGE Blog: gE Blog Series: Global Branding Part 3 ...

The food and beverage industry covers an assortment of products and companies within.? It happens to include one of the largest commodity markets, coffee.? With its distinctive socio-cultural ties, coffee has been produced, branded, and marketed uniquely in every part of the world.? With any product, various factors must be taken into consideration when developing a brand: consumption patterns, cultural relevance, product expectation, and marketplace competition to name a few.? Branding essentially tries to build an emotional kinship with the consumer that transcends the products actual function.? Brands aspire to create an identity, a lifestyle to live by.

Brand expectation also fluctuates by cultural outlook.? American society places emphasis on the environmental awareness and social responsibility of their drink (e.g. fair-trade, organic), while most European and South American have adopted certain brews as national treasures (e.g. Sumatra blend from Indonesia, Columbian roast from the Andes, Arabica from Turkey, Robusta originating from Vietnam).? A company must include all these aspects into their final product, but emphasize various aspects depending on the social demographics.

Companies competing in the coffee industry are a perfect example of how brand definition should be altered based on cultural connotations.? Nescaf?, a multinational coffee supplier, branded their products as memories that create lasting impressions in Southeast Asia.? Whereas, in the United States, their brand has been built as the ?Taster?s Choice?, satisfying a consumer?s need for caffeine while fulfilling their desires.

Some may see the dark beverage as offering a brief time for mental recuperation and relaxation done during a ?coffee break,? while others might view it as a leisurely caf? drink to be enjoyed slowly in the company of friends.? Thus, a different brand is derived, and a distinctive emotional connection put to the test.? What other industries do you see trying to transform a commodity into a lifestyle?

Source: http://globaledge.msu.edu/Blog/Post/1349/gE-Blog-Series--Global-Branding-Part-3---Branding-in-the-Coffee-Industry

j.k. rowling axl rose google earnings pat burrell hilary rosen grilled cheese allen west

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.