The power of pricing



In an ever-increasingly competitive world, the majority of companies have been experiencing shrinking margins like never before; yet these same organizations firmly believe the solution to enhancing profits directly lies in the implementation of strategies either related to cost-cutting or volume growth. By shifting all their efforts, resources, and capabilities towards visioning these strategies, organizations tend to underestimate a key untapped profit lever, known as “PRICE”, resulting in a considerable amount of money left on the table.
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Last month, at the Gulf Food Manufacturing exhibition in Dubai, I joined a packed panel discussion on the future of consumer-packaged goods (CPG). Amid the buzz, one statement resonated deeply with the room: “We’ve perfected our distribution for yesterday’s market. But Gen Z isn’t buying like their parents did, and our channels haven’t caught up.” This wasn’t […]
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