Looking back, if you had to pen down your top 3 learnings from 2022, what would they be?
The F&B industry has always been characterised by transformations and innovations. Although trends come and go, the key for Mad Over Donuts has always been about staying firm as a core principle, which allows the brand to innovate mindfully, adapt and optimum utilization of resources.
INNOVATE MINDFULLY: Embracing and driving change with innovation is arguably the best solution for the most rapidly growing challenges in the food and beverage industry, while thin profit margins and competition are the major growing issues. Change is all about integration with innovation. It is important to integrate the latest technology, digitalization, trends and sustainability with evolving consumer market) needs with a flavour of innovation. Driving innovation with integration in the food and beverage industry is important for creating value and product differentiation.
ADAPT: Adapting to market changes implies keeping the end-users you serve at the top of mind. Doing so will help you to create more meaningful products and services. So get familiar with your target audience beyond the numbers.
OPTIMUM UTILIZATION OF RESOURCES: When resources are effectively used in a company, it helps keep the cost under control. Practical usage of skills, knowledge, and talent of employees helps in reducing wastage, and results are achieved smoothly. When there is optimum utilization of resources, there is uninterrupted functioning and coordination can be witnessed. There is a division of work and proper responsibility and accountability of work.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Building the Midmanagement is Critical in a Scaling Organisation
Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right! opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth
Uppercase Upping the Ante
Travel gear brand Uppercase is upgrading the standard of luggage in India through innovative approach and prodcuts and sustainable practices
The Strategy is to Go City by City and Saturate Each
Gerard McGurk, Head of Retail and Commercial Operations at Index Living Mall and Mahesh M, CEO, Creaticity speak about Thailand's numero uno furniture brand's strengths, its India entry and strategy
Design and Experience Differentiate Indriya from Competitors
Sandeep Kohli, CEO of Aditya Birla Jewellery’s Indriya about the brand’s strengths, strategies and aspirations
At Good Glamm, AI Chatbots Have Slashed Workload by 70-80%
Deep Ganatra, Chief Product & Technology Officer (CPTO), The Good Glamm Group sheds light on the role of technology in the beauty and wellness industry and its impact on personalisation
How Blinkit, Swiggy Instamart, Zepto and Others are Redefining Shopping
A quick snapshot of India’s quick commerce landscape highlighting key players, challenges and opportunities
Electronics and Q-commerce: A Marriage of Convenience
Why more and more electronics and gadget brands are taking to q-commerce
5 ways D2C Brands Can Leverage the Power of Technology
The direct-to-consumer (D2C) market in India is at an exciting juncture, with brands redefining how they operate, innovate, and engage with consumers. But what does the future look like for these brands as they adopt technology?
The Business of Offering Immersive Experiences
Shopping centers are using immersive experiences to attract more shoppers and boost business
5 ways D2C Brands Can Maintain the Growth Momentum
D2C brands should embrace a customer-first mindset, leverage technology, and know when to expand offline to keep the growth momentum going
