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. …
How Companies Can Deal With The Effects Of High Inflation And Prices 📱
As prolonged inflation rises all over the world, many industries are struggling to cope with the Covid-19 pandemic’s economic damage. More companies are facing staff shortages, component delivery delays, and high costs due to supply chain issues. As a result, it has eroded margins of up…
Are Cloud Providers Missing the Point with Their Pricing Models? ☁️
Cloud computing drives modern business, offering flexibility, scalability, and innovation. Yet, recent accusations against Microsoft remind us that success comes with responsibility. The UK lawsuit alleging Microsoft’s predatory pricing exposes a critical challenge in the cloud industry: how to price services fairly without alienating customers or…