Our target market at Pod Foods is 100% of retail grocers across all channels, but actually only about 16% of CPG brands that they carry. Let me explain: Our aim is to be a strategic secondary supplier to EVERY retail grocer in the US who is looking for improved speed to shelf and assortment of innovative brands. Since ALL retailers (to varying degrees) want innovation, we have a niche to fill as a national secondary at every one. Today Mark Rider and Matthew Bowen from our team are presenting exactly this at Schnuck Markets, Inc. We actually have no aspiration or desire to ever displace the primary distributor at any of these accounts. Our core value proposition of speed to shelf and first to market assortment is only valuable on the left side of the adoption bell curve. This consists of the true innovation just entering the market for the very first time, and the early stages of scaling that product into mainstream adoption. Everything that we do to optimize our platform is built to improve this core value proposition by making the path to market simpler and faster. The remaining 84% of the grocery supply chain is out of the scope of this strategy, since it involves product already saturated in the mainstream and is no longer innovative. Since the TAM of the retail grocery industry is around $600BN as of this year, we’re happy to focus on this 16% and call it a day. Flowspace Total Quality Logistics #cpg #innovation #earlyadopters
I grew up shopping in Schnucks and I'm hoping Mark can help me bring SoulTox back to my hometown of St. Louis
Moving forward!
Founder, Elite Commerce Group | E-Com & Retail Media - Amazon, Walmart, Instacart, Criteo | Banned from Chuck E. Cheese | USMC Combat Vet
5moSo you’re the innovation distributor, but for every retailer. Is that right?