27 de August de 2024
Innovation to maintain product quality and reduce costs.
INNOVATION STRATEGY | OPERATIONAL EFFICIENCY
In recent years, a major multinational food conglomerate has encountered rising costs for essential ingredients in its core chocolate products, including coconut powder, milk powder, and sugar. These price fluctuations stem from various external factors such as economic instability, inflation, climate change, currency shifts, supply and demand dynamics, government policies, and increased production costs.
These external pressures have prompted the organization to seek economically viable alternatives that would not compromise the quality and taste of its products.
After extensive deliberation over this challenge, the conglomerate resolved to commission The Bakery with identifying suppliers offering economically advantageous ingredients, to then evaluate within their laboratories.
Leading the project with client’s chocolate and R&D teams, we evaluated 74 alternatives and identified the most promising solution: a powdered dry substitute made from recycled. ingredients. This solution not only met organization’s quality requirements, but also offered a significant reduction in production costs.
The solutions presented to the client served as the foundation for initiatives developed and implemented over a five-year period.
These initiatives not only shaped the organization’s current product range but also redefined its long-term innovation strategies, enabling the company to address current competitive challenges while anticipating future trends that will shape its markets.
This strategic process gave our client a competitive advantage and accelerated continuous achievement of their goals that may have otherwise never came to fruition.
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