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Many industries in Europe have been under pressure to change, consolidate or restructure. One of the largest and most fragmented sectors, the manufacture of food and drink, has been relatively untouched. The advent of the European Union has created the impetus to review the marketplace and look for new opportunities to drive increased revenue.
Key opportunities exist for large food and beverage producers to transfer their scale-based capabilities to the right opportunities in Europe’s wholesale markets. This will require manufacturers to apply their skills in range management, logistics, and marketing to exploit these opportunities.
However, new challenges from consumers worldwide demanding inexpensive fresh foods has made it difficult for operatives to take advantage of some of the bio-tech enhancements. At the same time increased regulation, restrictive import quotas, reducing tariffs and harmonising consumer health rules are having an impact.
For Pharmaceuticals the picture is very different. The cost of innovation has become so high and the result so unpredictable, that it has looked both internally and creatively to deal with these challenges. Companies are now applying as much scrutiny to internally developed drugs as they do to licensed ones – thus creating a benchmarked standard to their R and D teams and achieving a better balance between internally and externally generated candidates. At the same time they are forging ahead with alliances to reduce complexity, costs and create better value for all parties.
TKP’s approach is to help ensure a wide multifunctional understanding of your business and your environment. Our consultants can then apply the relevant skills that can make the most difference in supporting clients in their search for improved operational effectiveness. At TKP, we have over 70 seasoned professionals who have chosen to specialise in this sector. Having access to consultants with real experience in delivery and an understanding of your specific industry challenges is critical to your success.
Our consultants have partnered with leading organisations to address and deliver against a number of key industry challenges:
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Understand the trends and dynamics of the food, drinks and pharma market
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Identify the areas with most potential for expansion
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Target products and promotional strategies to meet consumer needs
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Monitor customer and competitor activity in the marketplace
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Track corporate developments in the industry, including strategic alliances
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