A Client engaged in the manufacture of protective equipment hired Stax to gauge the attractiveness and opportunities for expansion within the food services and processing verticals globally.
We sought to provide insights with regard to global market drivers and trends, industry dynamics, customer budgeting and spending expectations, as well as future demand outlook.
Stax analyzed Client data and publicly available information, along with data gathered through interviews with Client employees and external stakeholders worldwide.
We also developed a food vertical assessment matrix and a value chain map, through the data gathered, to identify the most attractive food verticals for expansion and points of value addition within food processing and food services.
Stax research highlighted potential strategic options in food services and food processing available to our Client.
We also pointed out additional opportunities available to our Client through the exploration of adjacencies.
We found that animal processing (including dairy and seafood) and restaurants & bars were the most attractive in terms of demand for Client products.
The industry landscape suggested limited barriers to entry, and an ability for our Client to compete and win.
We also discovered that in food processing, end-users drive brand decisions and seek innovation – supportive of our Client’s sales model.