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Success Case Study: Silk - Staying Ahead of the Curve With Constant Innovation

  • April 2015
  • 12 pages
  • GlobalData
Report ID: 3351358

Summary

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Summary
This case study is part of Canadean Consumer's Successes and Failures research and explores the reasons behind the success of Silk, a leading plant-based food and beverage brand in the US.


Synopsis
- Use Canadean Consumer's selection of successful and failed product launches and marketing campaigns from across the globe to inspire innovation.

- Reduce the risk of failure by learning from brands/products that have underperformed: failed innovation can severely impact profit and reputation.

- Understand the relevant consumer trends and attitudes that drive and support innovation success.

- Obtain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.

Reasons To Buy
- Why is Silk considered an interesting case of success?

- What consumer insight underpins this success?

- What can I learn from the success of Silk?

Key Highlights
Silk holds the no.1 brand position among plant-based food and beverage brands in North America and has achieved continual significant continuous success over the years, generating sales worth $685m in 2014.

A key reason for Silk's success has been its strong focus on adopting a "consumer-centric" approach to new product development.

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