Education
Training programs are offered to your company to assist you in maximizing your decisions.
Education = information to give you a “blueprint” to make effective decisions:
- Where to concentrate your resources
- Who are the retailers and where to start? Some retailers can take up to 6 months before you obtain an appointment
- Demographics – who is your target demographic for your product
- Market Intel – who is your competition? What is your competitive advantage?
- Partners – who will you need to partner with – brokers, distributors to get your product to market?
Why education?
Before entering the U.S market, companies need to understand the “retail landscape.” IRI data collects scan data from 8 geographical regions.
- What are these regions
- Cost of data
- Category review to category buyer/manager
Provides understanding and where to allocate your resources – time and funds.