Question: industry they created will depend on their ability to adapt. Each is making efforts. In some cases, those efforts are in R&D , such as
industry they created will depend on their ability to adapt. Each is making efforts. In some cases, those efforts are in R&D such as Nestl working to develop a "hollow" sugar molecule that will let it make the same candies with percent less sugar. In other cases, established companies are acquiring successful niche brandsGeneral Mills now owns Annie's, ConAgra owns Smart Balance and Udi's, Mondelz owns Tate's Bake Shop, and Kellogg owns RXBAR. But the price of acquiring hot, niche food brands is on the rise, even as Kraft Heinz's cashonhand declines. The bottom line: Unless Kraft Heinz can adapt to changing consumer tastes and preferences, it will continue to see both its treasured brands and its fortunes shrink.
Questions for Discussion
Of the factors that influence consumer behavior, which category or categories cultural social, personal, or psychological best explain Kraft Heinz's current situation?
Choose the specific consumer behavior factor for example, culture, family, occupation, attitudes that most accounts for Kraft Heinz's current situation.
With respect for buying groceries, discuss the buyer decision process and how it has changed in recent years.
Make recommendations for Kraft Heinz that you think will turn its situation around.
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