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Factors and Market
IK
by
Ilia Kondakov
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Updated Jun 24, 2021
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Chapters
00:00
Chapter 1
00:21
Chapter 2
00:46
Chapter 3
01:57
Chapter 4
02:34
Chapter 5
03:00
Chapter 6
Audio Transcript
Auto-generated
00:01 - 00:01
Hello Aaron.
00:02 - 00:03
This is really can take off today.
00:03 - 00:06
I want to present you marketing plan for Sofina Foods
00:07 - 00:09
are going to take a look at the external influences
00:10 - 00:14
that can impact the industry as well as marketing analysis
00:15 - 00:18
of european cheeky market and find out if there is
00:18 - 00:21
an opportunity for Sofina foods to engage through this market.
00:22 - 00:24
But for now, let's take a closer look at our
00:24 - 00:27
company. The final food is in the industry of shipping
00:28 - 00:29
and distribution of food commodities.
00:30 - 00:33
Their most popular product is cheap and they have already
00:33 - 00:37
established a strong presence in the Middle East, but today
00:37 - 00:41
there's a new target for them expand operation into europe
00:42 - 00:45
and let's see if there's some external influences that can
00:45 - 00:46
impact this decision.
00:47 - 00:52
The first thing is farming industry, large losses at the
00:52 - 00:56
beginning of the pandemic happened in the farming industry, downfall
00:57 - 01:02
of demand shutdown of businesses, rising unemployment, shortage of farmers.
01:02 - 01:06
All that has been happening for the last two years
01:06 - 01:09
and which can still, I can still see the effect
01:09 - 01:10
of those challenges.
01:11 - 01:14
Another thing that happened is no farmers, no food movement
01:15 - 01:19
that is originally happened in India, but now what are
01:19 - 01:24
Canadians and americans are heavily concerned about safety regulations and
01:24 - 01:26
government protection of farmers.
01:27 - 01:30
And now the industry they have been heavily affected by
01:30 - 01:35
some of the influences is shipping downsizing of commercial cargo
01:35 - 01:38
ships has been happening for the last two years, same
01:38 - 01:41
reason, downfall of demand and shortage of people.
01:42 - 01:45
But there was one accident has happened recently this year.
01:46 - 01:51
Evergreen and it shows it shipping oversee can have some
01:52 - 01:56
unprecedented challenges that must be accounted for but do not
01:57 - 01:57
let it scares me.
01:58 - 02:00
Let's take a look at the market, european market over
02:00 - 02:04
cheap. The number of vegetarian has nearly doubled for the
02:04 - 02:04
last four years.
02:06 - 02:07
This is unprecedented numbers.
02:07 - 02:10
This is huge for subpoena food is a big opportunity,
02:12 - 02:14
but vegetarianism is one thing.
02:15 - 02:20
And chickpeas, a product is completely different Chickpea production increase
02:20 - 02:22
over 300% in the last year.
02:23 - 02:24
Chip is a popular product.
02:25 - 02:27
The number of products that launched with the B protein
02:28 - 02:31
is increasing to 30% for the last 10 years.
02:32 - 02:33
The chickpea market is booming.
02:33 - 02:37
Another statistic that we can see Is that annual value
02:37 - 02:39
of Chickpea imported to the U.
02:39 - 02:45
has increased by 62% over the last years and will
02:45 - 02:49
increase. It will be increasing because this is growing market
02:50 - 02:54
and this is a huge opportunities for Sofina foods with
02:54 - 02:59
their quality, chippy and experience in the in the industry.
03:00 - 03:01
So now let's just sum it up.
03:02 - 03:03
External factors.
03:03 - 03:08
Of course, pandemic has left the shipping, distributing and farming
03:08 - 03:12
business with several challenge that will take some time to
03:12 - 03:13
recover and get back to normal.
03:15 - 03:18
But market european cheapie market has grown and grown fast,
03:19 - 03:23
and Sofina food has a real opportunity to engage and
03:24 - 03:25
be part of this booming market.
03:26 - 03:26
Thank you
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