Why Property Insurance Premiums Are Rising Faster Than Before 👨🏻🔧
A business owner in Queensland receives their insurance renewal notice. The property insurance premium has jumped by 20%. They stare at the figure, unsure how they’ll cover the cost. Meanwhile, across the world in Los Angeles, wildfires have devastated entire neighbourhoods. You might wonder—what’s the connection?…
How Entry-Level FMCG Pack Pricing Shapes Consumer Loyalty 🧩
Pack pricing for small and entry-level products can feel like walking a tightrope for FMCG brands in Australia. On one hand, small packs are a crucial part of your sales strategy, providing accessibility to price-sensitive customers. On the other, rising production costs and shrinking profit margins…
Why Petrol Retailers Must Optimise Their Pricing Management Strategies ⛽️
Petrol retailers find themselves under mounting pressure from both governments and consumers, compelling them to seek improved pricing practices. In response to growing concerns over environmental sustainability and energy efficiency, governments increasingly push for more transparent and competitive pricing to ensure fair treatment of consumers. Concurrently,…
What Kraft Heinz Mistakes Teach Us About Effective Pricing Strategy 🥫
Kraft Heinz has long been a giant in the food industry. But even the biggest names face challenges in implementing an effective pricing strategy. Last year, the company implemented a modest price increase of 1.2%, boosting profit margins to an impressive 34.3%. However, this wasn’t the…
How To Prepare For The Rise Of Supermarket Digital Price Tags 🕹️
Suppose your supermarket uses digital price tags that change prices in real-time. You’re not just setting prices based on weekly promotions or sales anymore. Instead, you can adjust prices based on demand, stock levels, or time of day—just like that. But with these innovations come challenges. …