Page 21 - Tata_Chemicals_yearly-reports-2017-18
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Risks                              Opportunities

                  •   Aggressive competition from    •   Strengthening markets to grow the
                      unorganised market, regional players,   core portfolio – growth in micro   Consumer engagement
                      and private labels                 market segments in salt and modern   1. Consumer research
                  •   Changes in environmental norms in   channels in Foods               a.  Segmentation studies
                      areas such as circular economy and   •   Addressing evolving consumer needs   b.  Usage and attitude studies
                      recycling plastic waste, and other   through new products and scaling
                      regulations                        them up, addressing di erent health   2. Product development
                  •   Variable commodity prices          dimensions through everyday foods  a.  Consumer research programme for
                                                     •   Improving operational e ciencies     new product development
                                                         through use of technology        b.  Consumer Focus Group Discussions    Integrated Report
                  Our sustainability-lead growth                                            (FGDs), quantitative and
                  Key material issues unique to CPB:                                        qualitative studies
                  •   Green manufacturing including energy and waste management           c.  Cooking observations
                  •   Product stewardship to deliver excellence
                  •   Sustainability, health, and environmental impact of the supply chain  3.  Consumer feedback and
                  •   Community development                                                 understanding
                                                                                          a.  Brand track and awareness studies
                                                                                          b.  Customer satisfaction surveys
                  Key sustainability goals           Achievements                         c.  Stockist meets

                  Development of recyclable packaging for   Successfully piloted in Delhi  d.  Retail audits
                  Tata Salt                                                               e.  Market visits
                  Energy e ciency                    Conversion of double conveyor/machine   4. Insights from consumer interaction
                                                     to single conveyor
                                                                                          (Junoon programme)                Statutory Reports
                  Achieving 100% resolution of product   100% root cause analysis and resolution    a. Consumer home visits
                  quality complaints and highest standards   of product quality complaints  b. Product ideation and improvement
                  of product stewardship                                                  c. Retail visits
                  Safety incidents                   2 lost workday cases (LWC) and
                                                     1 restricted workday case (RWC)      5. Nutrikart
                                                                                            Online sales to customers

                  Future plans for each category
                  Salt                               Pulses and besan
                  We will strengthen our position in markets   Our portfolio will expand with the
                  to grow our portfolio base and increase   introduction of value-added pulses and
                  penetration of products such as Tata   besan-based products. By investing in   Looking ahead
                  Salt Lite, Tata Salt Plus, Black Salt and   regional packaging centres and scaling   •   Drive Thought Leadership through
                  Rock Salt where demand is increasing   up our direct to stockist model, we aim to   new and innovative products and   Financial Statements
                  through organised retail channels. New   increase the freshness of our products in   platforms
                  product launches will allow us to meet the   the market. Our focus will be on modern   •   Scale up new launches with pan-India
                  evolving needs of urban consumers.  retail formats and e-commerce, which is   footprint expansion
                                                     growing fast across India. Investments in   •   Continue strengthening distribution
                  Spices                             brands will drive volumes.             presence in relevant channels
                  Marketing investments will scale up                                   •   Accelerate brand investments,
                  volumes of existing products to establish   New foods and mixes           strengthen brand preference
                  product superiority. We will also bring new   We are exploring accelerated pilots such   •   Expand the width of sourcing
                  products to identi ed white spaces within   as organic to reduce the time to bring    •   Scale up exports in countries with
                  the spices market.                 new products to market. We will accelerate   large Indian diaspora
                                                     new product launches under Tata    •   Explore higher cost e ciencies in
                                                     Sampann in collaboration with partners   supply chain
                                                     like Star Bazaar and Amazon.

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