THE INNOVATION
Private Label Innovation
Private label is a strategic tool that enables entry to a new or existing category and to increase revenue or to improve profitability.
At McLawrence, we see private label development as an opportunity to win consumer loyalty in discerning marketplaces. Major brands or companies use private label strategy to compete in new product category, carry out product packaging change, and to fight competitions. Interested?
Private Label Development Benefits
Private label development provides numerous benefits to businesses:
- A new source of revenue generation
- Reach new target markets or customers
- Tailored advice including organic growth plans
- Expertise that enables you to compete in new markets
- A permissible structure that improves product margin profiles
- Building own brand and image
- Increase footfall in stores / at point-of-purchase.
What's included?
There are many outputs you will get from this service:
- Brand / Product Reality Analysis
- Competitive Benchmarking (company profiling)
- Market / product gap analysis
- Concept and idea screening
- Private label development planning
- Market Sizing / Volume forecasting plans
- Top-level product launch plan
Private Label Development Applications
Private label development has applications across many aspects of business, including:
- Brand management
- Product management
- Supply chain
- Sales, operations & development
- Research & development (R&D)
- Retail store management
Enter A New Product Category With Your Own Custom Branded Product!
We Can Help You Achieve this Ambition With Minimum Investment, With Our Private Label Solution.
Our innovation advisory service covers
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Business Model Innovation
Digitalisation, emerging economies and globalisation are just some of the factors prompting business model innovation.
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Pipeline Innovation Development
Innovation is key in this fast-paced marketplace where consumers’ needs are constantly evolving, but necessary investment can be significant.
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Private Label Innovation
Private label development is a strategic tool that enables entry to a new category or market and aims to improve profitability.
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Product Innovation
Product Innovation is now continuous, and the ever-changing needs of future markets constantly have to be considered.
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