MarsIncorporatedisanAmericanmultinationalcompanyprimarilyengagedinproductionandmarketingofconfectionery,Petcare,drinksandotherfoodsproducts.Marshasawiderangeofpopularproductsinallcategoriesandisfocusedonproducingnutritiousproducts.Marshasapresenceinover78countriesgloballyandisaprivatelyownedcompany.
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Sustainabilityinitiatives:Marshassetitselfvarioussustainabilitygoalsforthefuture,oneofwhichisaneliminationofGreenhousegasesfromMars’operationsby2040.Ithasalsosetgoalsforefficientwaterusageandreducingitswastecreation.Suchinitiativeshelpthecompanytosetsustainablelong-termgoalsaswellasreduceitsoperationcosts.
Strongproductportfolio:TheCompanyhasvariouspopularproductsinthePetcareaswellasinthechocolatecategoryforexample;inthePetcareindustryPedigree,RoyalCanin,Whiskasetc.andinthechocolateindustryMars,Galaxy,andSnickersetc.Marshasastrongportfolioofproductsinthedrinkscategoryaswell.Withstrongproductportfolioindifferentsegments,Marshasawiderangeofcustomerstotargetandalsoincreaseitsmarketpenetration.
FocusonofferingNutritiousproducts:Marshasfocuseditsapproachtomakingthenutritiouspetaswellchocolateproducts.Marshasfocusedonreducingthecalorificcontentinitsproducts.Thereisalatentdemandfornutritiousproductsaspeoplearegettingmorehealthawarethroughouttheworld.
Productrecallshamperimage:Marshashaditsshareofcontroversiesregardingitsproducts.TherehavebeenseveralrecentinstanceswhereMarshashadtorecallproducts,forexample;InJune2016,MarshadtorecallsomeofitschocolateproductsinNorthAmerica.Suchinstancesespeciallyintheconsumerproductcategoryaffecttheimageandbusinessofthecompany.
Oppositionforusinganimalrennet:MarshashaditsshareofprotestsforusinganimalrennetinitsproductswhichcreateabadimageofthecompanyespeciallythevegetarianswhoopposedusinganimalrennetinMars’products.
Growthinconfectionery:Theconfectionerymarkethasshownpositivegrowthgloballyintherecentyearsandisexpectedtogrowatafastrateinthefuture.Marsissettobebenefittedbythegrowthintheconfectioneryindustry.
GrowingPetcareindustry:ThePetcareindustryaroundtheglobehasshownaslowbutsteadygrowth.Mars,beingoneofthelargestPetcarefoodmanufacturersintheworld,iswellpositionedtograbtheopportunitycreated.
ImprovingLifestyleinemergingmarkets:Withimprovinglifestyleinemergingmarkets,thePetcare,aswellastheconfectioneryindustry,isexpectedtogrowrapidlyinthesemarketsespeciallyinIndiaandChina.Marsiswellequippedtotapthedemandcreatedintheemergingnations.
CombiningMarsandWrigleybusinesses:InOctober2016,MarsannouncedmergingitsbusinessoperationswithWrigley,toformMars-WrigleyConfectionery.Thiswillhelpthecompanytoincreasepenetrationaswellasoffermoreproductsandincreasebottom-line.
Intensecompetitionacrosscategories:Marsissubjectedtocompetitionacrossitsproductcategories.InPetcarecategory,itfacescompetitionfromPetSmartwhichhasvariousproductsinthecategory.Inconfectionery,itfacescompetitionfromthelikesofMondelezInternational,NestleandHershey’setc.Suchcompetitionlimitsmarketshareandinducespricewarswhichaffectprofitability.
IncreasingHealthconsciousness:Thereisanincreasingawarenesstowardhealthacrosstheglobeespeciallyinthedevelopedmarkets.Although,Marshasfocusedondecreasingcalorificcontentinitsproductstheincreasingawarenessmaydivertthefocusoftheconsumerstootherproductsandhenceitisstillathreat.
IncreasingwagesintheUS:LabourwageshavebeenincreasingintheUShaveincreasedintherecentyearscausinganoverallincreaseintheproductionaswellastransportationcostforMars.
HiteshBhasinistheCEOofMarketing91andhasoveradecadeofexperienceinthemarketingfield.Heisanaccomplishedauthorofthousandsofinsightfularticles,includingin-depthanalysesofbrandsandcompanies.HoldinganMBAinMarketing,Hiteshmanagesseveralofflineventures,whereheappliesalltheconceptsofMarketingthathewritesabout.
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