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10 Ways to Increase Your Sales by Tapping into the Sharing Economy

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Many people are hesitant to use the sharing economy because they feel like it is too much work. This may be true if you try to start a business from scratch, but there are many ways to tap into this growing industry without starting your own company. 


Here are ten strategies that will help increase your sales by tapping into the sharing economy!
1. Offer a free trial for customers to share your product with their friends.

Most consumers don’t want to try a new product on their own, but if they can get it from a friend at no cost or risk, they will most likely be willing to give the product a go. You could offer your products for free for 30 days and include an option in your package that allows customers to add another one of their friends onto the subscription. This gives them an incentive not only to share with their friends but also decreases the chance that you won’t make any money because sometimes people forget about things when there is no deadline!
2. Build partnerships with other companies that offer sharing services.

You can also increase your sales by tapping into the sharing economy if you build partnerships with companies that offer similar services. For example, Uber has an affiliate program where they partner with local businesses to create discounts for their customers who are using Uber to get around town. If a customer is taking an Uber ride and comes across one of these promotions, it may encourage them to try out other products or services provided through partnering companies like Amazon or iTunes, which will bring additional revenue!
3. Create an app that includes all of the features you offer.

Some people may not want to pay for your product or service but might be willing to trade if they can use the app instead. This is a great way to make money off of free apps by including advertisements on them! You don’t have to build an entire website if you are trying to increase sales. Just create an app that has all of your features/products listed and includes ads throughout it. If someone finds one of your products interesting enough, they will most likely double-tap, which brings revenue directly into your pocket!
4. Provide free shipping.

Another idea for increasing your sales is to offer free shipping. This may not be the best method if you are trying to compete with big-box stores, but it works well when offering a product that would normally have high shipping fees associated with it! People are willing to pay more money just so they don’t have to deal with additional expenses at checkout. If you can implement these strategies into your business, I guarantee you will experience increased profits due in part to tapping into the sharing economy without having any of the drawbacks which scare away most businesses!
5. Make your website easy to use.
Another great way to increase sales without having high costs is by making your website/product very user-friendly! Websites that are difficult or confusing will scare away potential customers, but websites that make it simple for users can get lots of traffic quickly and begin generating revenue in a short amount of time. If you notice any areas on your site where customers may become confused, be sure to fix them immediately, so you don’t lose out on the chance of getting new visitors through word-of-mouth advertising!
6. Get your product in front of influencers.

By tapping into the sharing economy, you can get more exposure for your brand by having it seen on social media or other websites! If an influencer uses a service that is similar to yours but may not be as well known, they could gain new customers, which will increase sales and bring revenue back into their company’s pockets! Influencers have a huge audience, so this tactic works best when paired with another strategy, such as offering free shipping because if enough people see the post, then some might click through even if they don’t buy anything at first just due to curiosity. This also helps companies tap into new markets without spending too much time researching them individually since many consumers follow popular trends/influencers on social media!
7. Don’t forget to advertise.

Another great way to increase your sales is by advertising! This doesn’t always work depending on what industry you are in and how well known your brand is, but there are some industries, such as fashion, where this works very well because people will see the advertisement and think, “I need that!” It’s basically a shortcut for word of mouth since it can be difficult getting attention through other means when starting out in business. All you have to do is figure out which type of advertisements would best suit your company, then create them or hire someone else who knows what they’re doing, so customers pay more attention instead of scrolling past ads with ease.
8. Utilize social media.

Utilizing social media is another effective way to increase sales which helps companies tap into the sharing economy without spending money on advertisements (although they may still pay for them if they choose). If your product or service gets enough exposure through influencers, it can be very easy to gain new customers simply due to word-of-mouth advertising! Just make sure that you are posting regularly and tagging/sharing other brands who might share similar interests with your target audience, so people see what you’re up to! This not only brings in more revenue but also builds relationships with like-minded individuals who could help provide future support as well, so there’s no downside at all when using this strategy correctly.
9. Raise your prices.

One of the best ways to increase sales is by raising your prices! This works very well for companies who tap into the sharing economy because you can charge more money while still maintaining a competitive price point due to a lack of overhead costs like other businesses. The only drawback would be if customers decide not to buy at higher rates after all which could lead to an initial drop in revenue, but this should smooth out quickly once word gets around that they are charging more money than before, so people begin buying again and eventually it will balance out just fine!
10. Improve your product or service.

Another great way to increase sales is by improving your product or service! If you notice that customers are leaving reviews for things they don’t like about the company, then take the time to figure out how it can be fixed, so people no longer have any complaints and start buying again. Once this happens, word will spread quickly throughout all social media platforms, which means more revenue within a short amount of time! Just remember to keep an eye on what changes need to be made in order for this tactic to work since there’s nothing worse than fixing one thing only to break another aspect of the performance/experience, making everything go downhill once more.
Conclusion:
There are many ways to increase sales, and each of these tactics can be used together or separately depending on the situation. Just remember that you should always test out different options first before committing because it’s not smart sinking a lot of money into something without knowing how it will turn out! Once you find what works best for your company, keep doing those things, so revenue continues increasing over time without any problems along the way.
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How COVID-19 Impacted on Animal Nutrition in Food and Beverages Industry ?
COVID-19 Impact on Animal Nutrition in Food and Beverages Industry The novel Coronavirus has profoundly impacted all fields, including the food industry, healthcare, medical services, animal nutrition industry, automotive, pharmaceutical, and many others. This pandemic has led to shutdowns of mass production and disruptions in the supply chain that have impacted the economies of virtually every nation in the world. The COVID-19 has impacted the animal nutrition industry by increasing its demand across the global region. The extended lockdown has affected pet care product demand through e-commerce. The two major reasons are easy accessibility and the availability of multiple brands. For instance, · In the year 2020, spending on pets increased among 34% of pet owners, compared to 17% who spend less and 49% who did not change their pet budget Since the start of the COVID-19 pandemic, consumers became more inclined towards more essential nutrients and the feed intake of their animals and pets. Moreover, there has been an increase in the focus for care and maintenance among pet owners for a better quality of life thus growing the demand for various nutritional food products. All these factors have helped to boost growth for the animal nutrition market during the COVID-19 pandemic. IMPACT ON DEMAND Feed manufacturers and producers are prioritizing health, animal immunity, and safety over productivity and profitability due to this pandemic. They are looking for specialty feed flavor and sweetener ingredients as they become more aware of techniques and strategies to manage the health of pets. This pandemic has provided an opportunity for pet food manufacturers to show their assurance to their customers by delivering customized support, representing their reliability and consistency as suppliers, and augmenting their company’s biosecurity efforts across the board. Moreover, there has been a growing number of animals and pet adoption which is further expected to fuel the demand for the animal nutrition market. For instance, · The number of families owning a pet has increased by 40 percent from 2015 to 2019 hence the demand is also expected to increase Before the pandemic, pet food was considered comfort food by the animal holders owing to its feed intake increasing capacity. But due to the COVID-19 pandemic, the consumers are more inclined towards more essential nutrients and the feed intake of their pets. This factor has helped to boost the growth of the animal nutrition market during the COVID-19 pandemic. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET According to the U.S. Food and Drug Administration (FDA), in terms of the safety of pets, there is no recent evidence regarding the pet food associated with transmission of novel coronavirus diseases as the corona is primarily spreading from person to person through direct or indirect exposure of respiratory droplets. For instance, · According to the World Organisation for Animal Health, there haven't been any reports of pets spreading COVID-19 to people However, there has been increased concern regarding the quality care among pets by their owners. As a result, the key pet organization and welfare such as American Pet Products Association (APPA), the World Pet Association (WPA), the Pet Industry Distributors Association (PIDA), urged the governments for are taking initiatives so that the owners could care for their beloved companion animals. For instance, · In March 2021, the Pet Industry Joint Advisory Council (PIJAC) drafted an open letter to Federal, State, and Local Government Officials Regarding Pets and COVID-19 Precautions. This was an appeal urging government officials to consider the needs of pets and the people who care for them as they took steps to address the public health crisis IMPACT ON PRICE In the COVID-19, the price of animal nutrition is not much affected due to various reasons such as the boom of animal nutrition products including pet food. But with the rising number of cases, is creating a panic situation among growers and suppliers. Asia-Pacific saw an increasing demand for pet nutrition commodities, which has resulted in increasing prices of the products. · China has witnessed increased swine production despite this pandemic. According to a recently published report of USDA, swine production has been increased in April 2020 as compared to April 2019 · Thailand become the world’s 4th largest exporter of pet food with pet food exports worth over USD 1.693 billion in 2019 However, with the massive discount from the e-commerce platform, the prices for overall animal nutrition products have not changed much since the start of the pandemic. This will ensure that the market will substantially increase with the growing demand for the animal nutrition market. IMPACT ON SUPPLY CHAIN COVID-19 has printed a negative impact on the global economic outlook in the first quarter of 2020. The animal nutrition industry suffers from major supply chain disruption. There is an evident lack of supply of various animal nutrition foods, supplements, and medications such as pet medication and so on. For instance, · In March 2020, one of the prominent vendors of the feed market, Evonik, forced Majeure to fulfill the need for amino acids, especially threonine amino acids. The product of Evonik is facing the issue in the procurement of threonine due to the shutdown of the city However, COVID-19 is accelerating a shift to e-commerce that was already reshaping the animal nutrition market. Social distancing has generated a surge in online orders and led to growth for new models like Click and Collect and Third-Party Delivery. The long-term "stickiness" of this shift will depend on the ability of thinly stretched online infrastructures to meet demand without long shipping delays or out-of-stocks. In addition, most of the consumers have been looking out for products from various internet platforms. For instance, · According to the survey conducted by American Pet Products Association (APPA) in January 2020, 15% of the pet owners bought products through the internet sales channel, which is the second-highest after the superstore · Owing to the pandemic online pet product sales now makeup 30% of the total market, which has grown to 8 % since 2015 · According to its earnings report for Chewy, the sales rose to 47% in the retailer's fiscal year second quarter · According to a survey conducted by Packaged Facts of U.S. pet owners in 2020, 79% of owners said they're using the internet more, with 71% ordering and buying online more, 56% ordering/buying more with smartphone apps The ease of buying products through online channels offers greater flexibility and safety to the owners of pets. Hence, the benefits offered by the e-commerce channels that provide accessibility and options to choose from a variety of products are expected to drive the market in the coming years. EVENTS CANCELLATION Due to the pandemic, the various conferences such as the animal nutritional conference and the trade show have been postponed or cancelled until further notice is provided by regulatory authorities. Most of the companies or manufacturers are organizing online webinars to educate pet owners for a better quality of life, even during pandemic times. For instance, · American Feed Industry Association (AFIA) has cancelled their conference Purchasing & Ingredients Suppliers Conference (PISC), which was supposed to hold in March 2020. Animal Health & Nutrition Conference held by VICTAM in Bangkok will be held in July, and the U.S. Poultry and Egg Association (USPOULTRY) has been postponed With this uncertainty caused by COVID-19 regulatory bodies have taken initiatives to start their conference on the digital platform. For instance, · Alltech, one of the key players, converted its annual ONE Ideas Conference to a virtual format · In February 2021, The Pure Feed Company Ltd organized a webinar on understanding how and why to use supplements. This will help the company to educate the owners and, in turn, increase its business STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Many governments are taking initiatives for pet food manufacturing. For instance, · The Australian standard (AS5812) ‘Manufacturing and marketing of pet food’ specifies requirements for the production and supply of manufactured pet foods for cats and dogs. The Standard applies to both Australian made and imported pet foods and covers the production of pet food from sourcing and receipt of ingredients to storage, processing (including heat treatment), packing, labeling, and storage of products to assure its safety for pets Thus, owing to these measures that have been taken by many associations, governments, awareness regarding animal health has been increased which impacts the demand for feed flavours and sweeteners ingredients in positive terms. Cambodia’s government is looking for private investors to help raise domestic animal feed production. In May 2020, the Khmer Times reported that the Cambodian government has reduced its imports of swine from neighbouring countries to support local swine production. Cambodia imports up to 70% from neighbouring countries hence, the government is primarily focusing to reduce imports and supporting local farmers for swine production. In the country, the demand for swine is about 8,000 per day, out of which local farmers can supply 6,000 per day. Hence, it is expected to impact demand for feed flavors and feed ingredients positively As the Coronavirus outbreak has impacted the global animal nutrition market badly, several organizations have taken certain initiatives to provide their products in the market. For instance, "Our driving concern is the health and safety of our employees and their families. We have implemented measures to reduce COVID-19 risk to our customers, our employees, and their families while doing all we can to continue product supply to our customers. We are doing everything possible to continue the supply of Phibro products to our customers in every market while adhering to strict safety and quality protocols. We have increased our stock of raw materials and finished products to help ensure a continuous supply. We are in constant contact with our logistics partners to secure timely shipments to customers. We require our employees to work from home, where possible. Those who need to work at our facilities maintain social distancing and, where possible while working in shifts. Our sales and technical service staff are staying engaged with customers to service their needs through digital channels as much as possible. All employees involved in production or logistics who must work on-site are adhering to strict hygiene protocols and social distancing, and where possible, we have implemented split shifts to reduce employee contact. We have also implemented increased biosecurity protocols for freight carriers who deliver and collect goods at our facilities." - Phibro Animal Health "As a global manufacturer, we operate in more than 90 countries on six continents, with manufacturing facilities in places like China, Italy, and Singapore – countries that have been severely impacted by COVID-19. Kemin remains committed to ensuring the same level of supply assurance as you are accustomed to. This type of incident is an anticipated scenario in our global end-to-end supply chain risk management strategy. We have prohibited all non-essential international and domestic travel for all our global employees. We are utilizing digital meetings and telecommunications to conduct business, and we are minimizing meetings with external parties to only those necessary." - Kemin Industries "We are making location-based decisions on work-from-home policies based on individual situations, local regulations, and health official recommendations. We have business continuity plans for various scenarios and are prepared to respond if we see potential impacts on our business operations. We are closely monitoring the situation and are communicating regularly with our employees and customers through various channels as the situation continues to evolve." - ADM Animal Nutrition Barentz International has entered in acquisition with pet food ingredient supplier Chicago-based Ingredients Inc. "This is a promising new route, from which both parties will immediately benefit from each other's strengths," -Jim Stewart, founder and Managing Director of Ingredients Inc. "We are taking the potential risks of the coronavirus very seriously and are committed to doing our part to keep our colleagues, their families, and the communities where we operate safely. We are taking necessary precautions throughout our business, including: · Enhancing hygiene and cleaning protocols in all facilities · Implementing a minimal staff model at our critical global offices and facilities with all employees who can work remotely doing so · Prohibiting all non-critical travel for employees and contractors and all non-business-critical visitation to our facilities · Actively screening all visitors, including delivery drivers, for COVID-19 symptoms · Implementing procedures to address potential employee or partner exposure issues following CDC guidelines for mitigation and reaction, quarantining, and cleaning We are closely monitoring the situation and are communicating regularly with our employees and customers through various channels as the situation continues to evolve." -ADM CONCLUSION COVID-19 outbreak has impacted positively on animal nutrition market. The animal nutrition industry is expected to grow substantially during the coming years, with the rising awareness among consumers that as pet holders. But due to the social distancing, start-ups and many producers are facing restricted access to bring their products in the market. Many pet care manufacturing companies are taking various initiatives as a part of COVID-19 and creating awareness among the people. Due to COVID-19, most of the people are staying at home, and they are getting enough time for taking care of their pets, so they are inclined to buy pet food and supplement care products through e-commerce platforms, hence, creating a demand for animal nutrition during COVID-19 pandemic. Thus, the impact of the COVID-19 pandemic has been neutral for the pet food market across many the globe compared to other feed ingredients segments, and hence, a stable growth can be observed in the industry during coming years, with many opportunities for new products development for the manufacturers.
DeFi: The DeFining Moment for Crypto
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And is it here to stay? Impact of DeFi On The Cryptocurrency Market DeFi has become the news of the hour and many popular names in the finance world have some very insightful comments about the currency. Salil Deshpande, who is a partner at Bain Capital Ventures and oversees the company's crypto investments, thinks people initially got interested in DeFi because “they have a libertarian streak.” According to him, people like that they can build censorship-resistant products, and some developers are simply intrigued with the technological capabilities that DeFi has to offer. "The goal of DeFi is to reconstruct the banking system for the whole world in this open, permissionless way, ”ascertains Alex Pack, managing partner at Dragonfly Capital, a $100 million crypto fund. “You only get that shot every 50 years." Jill Carlson, a former Goldman Sachs trader and strategy lead at blockchain company Chain, has been researching how Venezuelans are utilizing digital assets to combat hyperinflation as part of a nonprofit she co-founded, the 'Open Money Initiative'. According to her “Crypto is not saving Venezuela." But bitcoin is being used by small numbers of people as a tool to protect against inflation and to send money to family members in other countries. To cut the long story short, people are looking at DeFi as the antidote for many archaic issues that are present in the global financial services landscape. The demand for the DeFi coins has been heightening exponentially in recent times due to the revolutionary surge in the popularity of decentralized finance. The reason behind this is that they take away the burden of centralized control over financial services. Why is DeFi Getting So Popular? #1 They Pan Out A New Future For Finance DeFi can disrupt finance as we know it today. For instance, DeFi coins can help people in borrowing and lending easily within a peer-to-peer network. In addition, DeFi tokens can also aid in claiming insurance amounts directly without the intervention of central institutions like governments and banks. Thus, DeFi tokens can enable users of DeFi platforms and token holders in accessing the same services presented by traditional financial service providers. #2 Stability If you have been questioning the crypto market for its instability. DeFi might be able to provide you with some relief. Most of the DeFi tokens operate with smart contracts on the Ethereum blockchain. Therefore, DeFi has formidable capabilities for scaling up the value of ETH through corresponding price improvements. In case you are apprehensive about investing in DeFi tokens, then you can invest directly in ETH. #3 Improved Standards In the Market DeFi tokens could establish new precepts of transparency and access. At the same time, they decrease the costs of financial services alongside providing the benefits of mechanization. DeFi tokens essentially serve as a crucial use case of blockchain. Built on blockchain networks like Ethereum, DeFi tokens redefine the true capability of blockchain. #4 Tokenization Any conversation on the advantages of DeFi without the mention of the merits of tokenization is incomplete. Tokenization is one of the most notable topics that have emerged recently in the blockchain domain. Ethereum facilitates strong smart contract capabilities, thereby opening up the roads for publicizing crypto tokens. Cryptocurrency tokens basically work as digital assets present on a blockchain alongside having several features and uses. Tokens are capable of enabling you to achieve different functionalities. The real estate tokens could help you accomplish fractional ownership of physical properties. On the other hand, security tokens could also assist effectively in managing digital shares in a particular application. Difference between DeFi Coins And DeFi Tokens Even though in the crypto industry DeFi coins and tokens are terms that are used quite interchangeably they have some key differences among them. A DeFi coin is much like a digital version of a fiat coin — it transfers value in the course of a financial transaction. DeFi coins are built on and often named for their unique, native blockchain networks. In spring 2021, Maker, Compound, Uniswap, Aave, Chainlink, and Ankr are among the most popular DeFi coins. DeFi tokens also transfer value, but not necessarily always in a financial sense. 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دبيبروكار ,استثمار, شقق, بيعوشراءعقار - Grey Wolf
جري ولف شركة عقارية, متخصصة في بيع Grey Wolf وشراء العقارات لجميع المعلومات والاستفسارات يرجى التواصل Info@greywolf.ae مشاريع قيد الانشاء يعتبر البيع العقارات قيد الانشاء الخيار الأكثر شعبية بين المستثمرين. تقدم شركة Gray Wolf Properties أفضل المشاريع قيد الإنشاء مع كبار المطورين مثل مراس, إعمار, من دبي العقارية , إلخ., مع خطط سداد ميسرة مشاريع جاهزة احصل على معلومات كاملة حول العقارات الجاهزة للانتقال الى دبي, المبيعات الأولية والثانوية. سواء كان ذلك للاستثمار أو لاستخدامك الخاص, احصل على الاستشارات الكامل من خبرائنا. جري وولف العقارية تأسست في دبي بإدارة وطنية وفريق ذو خبرة عالية في مجال العقارات فريقنا: على استعداد لخدمتك واستشاراتك العقارية, وهي شركة وساطة عقارية رائدة, وشركة استثمار واستشارات. يقدم فريقنا جميع الحلول والاستشارات العقارية في دولة الإمارات العربية المتحدة فريقنا مدرب تدريباً عالياً ولديه خبرة واسعة في مبادئ التسويق العقاري ومؤهل لدراسة الأسواق وتحليل اتجاهات السوق. يقدم لك أفضل النصائح لاستثمارك المستقبلي, سواء كان الهدف هو عوائد استثمار عالية أو المكان الأنسب للعيش فيه. نهدف إلى أن نكون مصدرك الأول للحصول على معلومات عقارية معينة وموثوقة تساعدك على اتخاذ القرار الأفضل في ضوء البيانات المتوفرة في السوق وتحليل الاتجاهات المستقبلية Website: - https://greywolf.ae/projects/
Why website is important for small business
Top Reasons Every Small Business Needs a Website Your website is a digital representation of your company and is the best online storefront for your business. A website not only helps small business promote their products and services but also sell them. It distinguishes itself from its competitors especially for those customers who rely on the internet to know about the company. This is the reason websites are considered as one of the most important business assets for building credibility, sharing information, and standing out in the marketplace. The best websites for small business owners are those that perfectly reflect the nature of their work. It is recommended to establish a website for every small business. Here’s why: Displays Your Portfolio Websites allow you to convince visitors why they should choose you. You can show off your previous projects and even add some case studies. This will enhance your reputation and give your customers peace of mind that you can perform similar tasks for them. The ideal website design for small business owners shows visitors a portfolio. Adds Credibility The website promotes the perception of your entire brand. If you have a professional website, your small business will be more likely to be viewed as reliable by customers. You can present your services and products in the best way on the website. This allows you to easily convince customers why they should choose you. It can also be a hub where you produce informational content that will help you establish yourself as a leader in your industry. By submitting valuable content, you can convert more qualified leads, which can help your business grow.
How COVID-19 Impacted on Potato Chips in Food and Beverages Industry ?
COVID-19 Impact on Potato Chips in Food and Beverages Industry Countries worldwide have faced numerous consequences due to the COVID-19 outbreak. Most of the industries have been affected due to the COVID-19 pandemic, both in positive and negative ways. The pandemic has disrupted the economy of the U.S., which is considered one of the major economies in the world, by disrupting all the businesses. Government restrictions, shutdown of the businesses, and income losses are some of the reasons behind the disruption of the economy. However, the demand for some products grew even at the time of COVID-19 pandemic. Snacks, such as potato chips, tortilla chips, and others, have grown in demand during the COVID-19 as people were more concerned about stocking up food edibles. Consumers shifted to budget spending on ready-to-eat products with long shelf life products such as potato chips, tortilla chips, and others. Key players in the market have acquired small companies during the pandemic as the demand for potato chips was high. For instance, · In January 2020, J.R. Simplot Company acquired Pinnacle Agriculture. This acquisition represents a significant and important milestone for the J.R. Simplot Company, and it will help the company reach new heights. However, disruption in supply chain has directly affected the production of various small potato chips companies, further decreasing the growth rate during COVID-19. STRATEGIC DECISION BY GOVERNMENT TO BOOST THE MARKET The step that the government is planning to take towards the comeback of the food industry is to make the industry less dependent on imports. Most of the manufacturers have decided to reduce their dependence on China for supplies. Many companies are trying to shift their supplies from China to other countries. This is one of the steps suggested by the government in discussion with the potato chips manufacturing companies to keep the supply chain unhindered. The new rules and mandates were introduced and implemented for the people's safety such as social distancing, utilization of masks and sanitizers, and many others. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE In 2020, the global potato chips market witnessed positive growth. However, the manufacturers of potato chips faced significant challenges during COVID-19 due to lack of transportation and disruption in the supply chain. To gain a competitive market share after COVID-19, the manufacturers have taken certain strategic decisions. · PRODUCTION OF PREMIUM QUALITY PRODUCTS: Several manufacturers are focusing on producing high-quality products with innovative features to improve the demand among the customers. The premium potato chips are chips that are made with high-quality materials. Many manufactures have currently launched many new products during the COVID-19. For instance, · In February 2021, Sietefoods.com introduced a new line of kettle-cooked potato chips. This launch will increase the customer base of the company. Thus, the following instances show that the global potato chips market in countries U.S. and many others are expected to grow drastically. Furthermore, with the impact of COVID-19, the market for e-commerce and online shopping is likely to grow and lead the market in the coming years. IMPACT ON SUPPLY CHAIN As potato chips ingredients are derived from vegetables such as potatoes, the fluctuation in supply of these materials directly impacted the potato chips supply. Due to the outbreak of COVID-19, the supply chain suffered drastically. Manufacturers of raw materials had stock, but they were not getting enough demand. Moreover, companies faced several issues with the supply of raw materials as most of the country was completely shut down. In this situation, manufacturers faced untimely availability of raw materials. Labor availability was another factor that affected the supply chain of potato chips. At several parts, the manufacturers were struggling for raw material reach, and at the same time, some were struggling to deliver the product. For a few manufacturers, the end-product was ready but could not reach their customers due to restrictions on transportation and thus losing revenue. Thus, the impact on supply is not due to one factor but was from multiple points. IMPACT ON PRICE The prices of potato varieties such as russet, yellow, red, white, fingerling, and purple or blue potatoes witnessed a decline due to outbreak of the COVID-19. The U.S. has significant demand for raw materials such as potatoes and this demand is generally fulfilled with local production. For instance, · In May 2021, Frito-Lay North America is the convenient foods division of PepsiCo, Inc., they issued a voluntary recall of select 16 1/8 oz. bags of Ruffles All DressedPotato Chips because they may contain undeclared milk ingredients, because People who have an allergy or severe sensitivity to milk run the risk of a serious or life-threatening allergic reaction if they consume the product contained inside the recalled bags, this announcement was published by the FDA as a public service. · In August 2021, Ballreich Snack Food Co. Tiffin, Ohio, recalls its 1.5oz, 2.75oz, and 7oz packages of BAR-B-Q Potato Chips due to a potential contamination Salmonella. An organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Therefore, case of such recalls of products, containing allergenic ingredients and contamination of the products hampers the company popularity and revenue. T IMPACT ON DEMAND The demand for potato chips faced an incline due to the COVID-19 outbreak across the U.S. As most of the countries were under lockdown, the consumption of potato chips increased as it comes under ready-to-eat food items, which witnessed a significant demand in the lockdown period. Thus, the potato chips industry witnessed an incline in the fiscal year 2020 due to the breakout of COVID-19. As the consumption of the potato chips and other type of snacks increased, major players in the food experienced an increase in revenue in fiscal year 2020-2021. In addition, there have been changes in the budgetary support from the government. Another application of potato chips is in confectionery products, convenience food product, and other industries and households. Since these industries have registered high sales during this pandemic, the demand for potato chips has also grown. CONCLUSION The potato chips is mainly used as a snack food. Owing to COVID-19 induced lockdown, the sales of potato chips increased as consumers resorted to filling their shelves with adequate food supplies. Few manufacturers faced issues with supply of raw materials. At the same time, the manufacturers struggled to maintain the supply as per the demand. Also, the gap in supply chain hampered timely availability of end-product in the potato chips market. However, the situation has recovered, and the potato chips market is likely to see normalized growth as compared to 2020 levels as panic buying has disappeared owing to recovery of COVID-19 cases.
3 Critical Aspects For Lead Generation Services To Create Quality Opportunities
Reputed companies providing lead generation services like The Global Associates perform one of the toughest jobs in the world, extremely busy decision makers and ever-intensifying global competition make it even more challenging in the present-day business scenario. The job of lead generation services providers is not just about approaching calling and engaging the prospects with meaningful conversation, they must take care of certain aspects for making their working more effective and result-oriented. Trying to create more quality opportunities and making full use of the leads at hand at the same time is critical in this regard. One must follow the basic fundamentals of the trade besides forming sound strategies to taste greater success. It thus becomes necessary to put in place solid processes for qualifying existing sales leads, and develop a better way of working to be able to maximize long-range business leads and grow your business steadily. Following are some aspects lead generation services must take care of to run a successful campaign. · Prospecting is critical The importance of prospecting cannot be undermined, it’s an essential process for lead generation services providers for running a successful campaign. Business has its ups and downs, one cannot rely only on the big accounts or just focus on qualifying the existing leads in their sales pipeline. It would land them in a soup sooner or later. You must ensure a steady flow of fresh leads coming in to replace the existing ones. Try having some smaller accounts to keep you afloat in case you lose a big account. Investing time in prospecting ensures that you have enough quality leads for troubled times. · An accurate forecasting system A poor forecasting system could greatly harm your lead generation campaign. It’s imperative to have in place a system that accurately forecasts the trajectory of the business leads in your pipeline in order to plan your course of action more efficiently. An accurate forecasting system gives you a good idea of your present situation. It presents a fair idea about how many accounts are going to close and when, and how many promising leads you must follow up with. · Sales purgatory You must assess the level of motivation of each prospect individually. It’s not wise to devote too much time on a stalled lead. Move on to more promising leads, there’s no point losing sleep over leads lying in the sales purgatory. Managing their sales pipelines efficiently is essential for lead generation services vendors in order to maintain a successful program. Taking care of certain critical aspects becomes necessary to achieve this objective, like investing quality time on sales prospecting, having an accurate forecasting system in place and managing your sales purgatory well.