The client aimed to establish a new business from the ground up and engaged NorthSide to develop the concept and drive end-to-end commercialization.
NorthSide identified a compelling business concept that represented a blue ocean opportunity within a red large ocean category. NorthSide also helped in developing a regional strategy, establishing sales and supply chain systems, setting up e-commerce, and creating new products to drive growth.
NorthSide Approach
1. NorthSide identified a compelling blue ocean opportunity within a large category and recommended a mix of regional strategy and e-commerce to drive growth and optimize the business model.
2. Established a sales system to target the right set of outlets and set-up a supply chain system to maintain the right amount of buffer stock, ensuring less than 1% out-of-stock situations on a monthly basis.
3. Helped build the e-commerce marketplace
4. Executed demand generation campaigns that included BTL activations, e-commerce digital campaigns and regionally focused ATL campaigns.
5. Developed a robust process for innovation, resulting in a strong product pipeline of consumer-validated ideas using a globally acclaimed third-party tool.
6. Collaborated with the client from idea generation to commercialization of new products to fuel growth.
Results
- Achieved a 10x revenue growth in 18 months.
- Grew e-commerce from zero to 40% of the revenue mix.
- Successfully commercialized new product ideas.