Home / Insights / Ensuring Effective Broker Services Engagement

insights-espresso-icon whitepaper

Ensuring Effective Broker Services Engagement

Espresso-live Speakers
by Madhavankutty T , Senior Research Analyst
27 June 2013

? Broker service agencies provide services like headquarter sales, retail merchandising, data gathering and in-store promotion support to manufacturers in the Consumer Packaged Goods (CPG), Food Beverage and Tobacco (FBT) and other consumer product industries across different classes of retail trade like grocery, drug, mass merchandiser, club, convenience, value, consumer electronics, home improvement and specialty and have gained increased prominence as partners for CPG and FBT companies with the growing focus on shopper centric marketing. ? This white paper explores the U.S. broker services landscape, current engagement models and some of the key challenges involved in the selection of such agencies, while providing some pointers for meeting the challenges. Introduction Significance of Effective Broker Services to Brand Impact in the Store Environment ? Forces like rising power of big-box retailers, shift in consumer preferences away from traditional marketing channels, and intense competition have induced companies in the consumer packaged goods, food and beverages and consumer care industries to shift their marketing budgets more towards shopper-centric marketing. ? This shift has been supported further by impact of multi-channel shopper marketing on shoppers? purchasing decisions across categories, making it a major spend category with an annual spend about 55 Billion USD in the US alone (2012). ? In this scenario of growing relevance of shopper-centric marketing within the marketing mix, execution at the store-level gains paramount importance. And broker services agencies that provide retail merchandising, headquarter sales, in-store support and data collection become central to shopper marketing campaigns fulfilling their promised value.

SHARE
Linkedin Twitter Facebook
Leave a comment

Please enter a valid name

Post your comment

Please select captcha

Instagram

Get more stories like this

Subscirbe for more news,updates and insights from Beroe

Get Ahead with AI-Enabled Market Insights Schedule a Demo Now

Schedule a Demo Now