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THE TEAM
Biswadeep Ghosh
Hazra
ChaosRedefined
Devark Chauhan
Team leader: Biswadeep Ghosh Hazra
Registered Email Address: um19148@stu.ximb.ac.in
Phone Number: 9051707408
College: XIMB
Team Name: ChaosRedefined
Brand Name: GUDNESS
Vison and Mission : To promote
good health and healthy eating
habits among our customers by
selling Jaggery and jaggery based
products. To Expand the jaggery
market in India.
Marketing Campaign
Marketing Goals
• To establish GUDNESS as a brand
aiming to promote good health by
providing quality jaggery based
products.
• To make GUDNESS synonymous
with quality jaggery .
Size of Food Services Market
Slogan : Gud Lao Cheeni Htao
We will launch a brand. Our Brand will
deal in selling jaggery and value
added jaggery added products.
Product Relevant for Uses
Jaggery Blocks All households Multipurpose Use
Jaggery Powder Tea lovers Direct sugar substitute
Jaggery Spread Jam Mothers and hostel/PG
people
Used for sandwiches and
salads
Jaggery Rum All Alcohol drinkers Substitute for normal rum
Value added Range
1) Protein Enhanced
2) Vitamin
Enhanced
3) Medicinal
(Ginger,
cardamom)
This range will be very
relevant for people who
love sweets but are also
paranoid about health.
We will provide them
extra benefits to them.
Relevant for sweet
tooth but health
conscious
Used to replace a lot of
confectionary items
Jaggery Butter All types of cook who
would like to use butter
Cooking
Campaign
With our wholistic campaign, we aim to cover all
customer touchpoints in their buyer’s journey.
We will keep our communication consistent to build the
brand.
Blog: Creating Awareness about the products and its
benefits
Purpose: Traffic generation for the blog
KPI: We will link our blog with google analytics and track
the average page per time, leakages , bounce rate etc.
YouTube Influencer: Creating the buzz around the brand
Purpose: Link them to our website store
KPI: Conversion of new customers
Instagram influencer: Food is best displayed my vivid
attractive images
Purpose: awareness and need generation
KPI: creating earned media
Social media : We will use our social media to complete
the user journey. Paid Facebook ads with target traffic
generation. We will post witty copy to compliment this.
Point of sale: we will start with our website based store
linked via our Instagram page, Facebook page, blog and
YouTube via influencers. We will apply to sell on amazon
and Flipkart to increase our network.
Offline: We will start with kiosks setups which will have a
QR code to redirect to our website, in malls to provide
samples of our jaggery products and take details of
people who are interest in the product to approach them
for complete feedback and surveys.
A study in over 30,000 people found that
those who consumed 17–21% of calories from
added sugar had a 38% greater risk of dying
from heart disease
~ Healthline.com
38%
For packaging the company will use
packaging that has a premium look and
feel to it. As the product is aimed mainly
towards urban customers, this will help in
brand recognition, retention and recall.
The color scheme will be based on the
colors of jaggery itself, from brown to a
mix of gold and brown .
This will be pour
brand LOGO
Segmentation
Broad Segment Cohorts
• Households
(Middle Class)
Persona:
Name: Siddharth
Age: 28
Personality:
Wakes up with
morning tea, a
tea aficionado
Subconscious
aim: Improve
health
A) Tea lovers
India consumes 1090 Million Kg of tea in
2019. Our aim with this cohort is to
derive the major usage of jaggery by
replacing usage of sugar in tea.
Tea is a major daily consumes item
which contains sugar.
B) Sweet Tooth but health conscious
This cohort is those people who love
eating sweet food but are increasingly
becoming health conscious
• Women
Persona:
Name: Renuka
Age: 36
Mother of two
kids, increasingly
worried about
their eating habits
and pattern.
Aim: Wants to
give her kids
nutritious and
tasty tiffin for
school lunch box.
A) PCOS Women
Polycystic ovary syndrome (PCOS) is a
hormonal disorder common among
women of reproductive age. 20%
women in India that is about 13 crore
women face the problem. According to
Celebrity nutritionist Rujuta Diwekar,
Jaggery helps with enlarged pores on
skin.
B) Super Moms
Parents are getting more worried about
what their children consume and want
to feed them nutritious food while
keeping its taste intact. This cohort will
derive our value added products like
Jaggery spread, jaggery butter, jaggery
jam.
Targeting
Initial Place of launch : Delhi
Why : Proximity to Uttar Pradesh
Service Addressable Market:2900K+
How :
• Targeted Facebook Ads
• YouTube Influencers
• Instagram Influencer
• Food Blogs
We will use Content Marketing in
forms of Moment Marketing and
infographic marketing on our social
media handles with witty copy.
Rick Prefers
GUDNESS Jaggery
powder over sugar
for his tea.
Rick cuts on extra
calories.
Sample Ad for Social Media
Strategy
• As our brand is very much focused on health
benefits, we will start an awareness blog to
talk about health benefits of having jaggery.
• We will run paid targeted ads on Facebook
using witty copy and images with CTA as our
blog link, redirecting the traffic to our blog
• Influencer Marketing :
• We will use YouTube Influencers who are
home cooks to promote our brand as our
product will mostly be used by everyday
people
• Nisha Madhulika –A 61 year old mother of
two, she will use our jaggery products to show
ease of usage of products YouTube channel
has 8.34 million subscribers. She is relevant as
her demographics fall completely in sync with
our target cohorts.
• Bhartzkitchen- Bharat a young adult guy, with
5.89 million subscriber, known to innovate
traditional recipes. He is relevant as it will give
our value added products a place in regular
households.
• Instagram Influencer: passionate about
baking, Instagram influencer with 132K
followers. Focuses on healthy baking. She is
relevant as she gives a sweet tooth angle to
our product which falls in sync with our
cohort, Sweet tooth but health conscious.
Size of women segment in Delhi
PROCUREMENT TRANSPORTATION WAREHOUSING
The jaggery will be
sourced from the
cottage industry
The products are
transported to
GUDNESS plant(s)
using refrigerated
mini vans (Picture
below)
Once out of the
factory, it goes into
the warehouse,
where the items are
kept there until they
are ready to be
moved
Sugarcane
Farmer
Jaggery
maker
The company
(Gudness)
Value Added
Product 1
Value Added
Product 2
The Procurement Flow
Warehouse
The Distribution Network
Plant (Gudness)
Delivery/Logistics
Partner
End-Customer
Name of the
logistics partner
Average price
per 500 gm
parcel
India Post Rs. 40
Delhivery Rs. 65
DHL/Blue Dart Rs. 70
DTDC Rs. 100
First Flight Rs. 40
FedEx Rs. 70
The distribution network will entail tying up with a logistics solution provider who
will be able to dispatch and deliver the products as quickly, as cheaply and as
satisfactory (quality wise) as possible. For calculation, the distance between the Pin
Codes 110027 and 700055 is taken (distance: 1522 Km). This will give an idea of the
maximum possible delivery costs that might be incurred. All price data taken from
official websites of these logistics providers.
Looking at the table, India Post and First
Flight seem to be worthy options as
logistics partner. There are other viable
options as well. For eg- Ecom Express is a
company that only delivers logistic
solutions at cheap prices. Their base price
is Rs. 22 per 500 gms.
The Process Flow
Final options for logistics partners-
Ecom Express First Flight Blackbuck India Post
Delhivery Rivigo
Initially, our plant will follow a Job Shop
approach due to limited demand and
quantity machines available (maximizing
utilization). It will move on to Batch
Production process enabling better
Quality Control and greater flexibility in
product designs. Having future product
expansion plans, the optimum production
process would be the intersection
between Batch and Mass Production
giving scope for Lean and Six Sigma (pic)
Once a jaggery maker
spends enough time with
Gudness as a partner
delivering high quality
jaggery, that jaggery maker
will be incorporated into the
company supply chain by
providing new machineries,
skilling of workers, knowledge of sugarcane industry etc.
Industry Analysis
Financials
• i) We have created financials for the complete supply chain
• ii) Sourcing sugarcane from farmers conversion to jaggery by
cottage industry and finally coming to GUDNESS.
• iii) Average margin obtained by cottage industry jaggery
producers are 8-10% as per our secondary research. We have
increased their margin to 15% in our financials.
• iv) We believe this would be possible as we are converting as
unorganised business into an organised business by
streamlining operations and marketing.
• v) We have calculated monthly breakeven sales according to
relevant assumptions for business.
• VI) Marketing Costs are also included.
Calcium- 40-100 mg Vitamin A- 3.8 mg
Magnesium- 70-90 mg Vitamin B1- 0.01 mg
Potassium- 1056 mg Vitamin B2- 0.06 mg
Phosphorous- 20-90 mg Vitamin B3- 7 mg
Sodium- 19-30 mg Vitamin B5- 0.01 mg
Iron- 10-13 mg Vitamin B6- 0.01 mg
Manganese- 0.2-0.5 mg Vitamin C- 700 mg
Zinc- 0.2-0.4mg Vitamin D2- 6.50 mg
Proteins- 250mg Vitamin E- 111.3 mg
Nutrition Benefits of jaggery will be displayed behind
every pack (100 gm)
The micro-nutrients present in jaggery possess anti-toxic
and anti-carcinogenic properties. Magnesium in jaggery
strengthens the nervous system, and potassium maintains
the acid balance in cells. Jaggery is rich in iron and helps
prevent anemia in women. Its intake in the diet can prevent
the atmospheric pollution related toxicity and may have a
role to reduce the chance of lung cancer
• Farmers
• Cottage Industry
(Jaggery Makers)
• Logistics Partner
• Warehouse
Owners
• Social Media
Influencers
• Retailers
• Packaging
solution providers
• Sourcing High
quality Jaggery
• Delivering timely to
customers
• Maintaining
Stakeholders
• Farmers
• High quality
Jaggery (Raw
Material)
• The supply chain
• Earned Media
• Providing Value to
farmers and cottage
industries in form of
increased margins
• Providing Value to the
customers in form of
nutritious value added
jaggery products
• Adding Value to
society by making
them aware about
health benefits of
jaggery
• Making customers
healthy and fit
• We will address all
the grievances via our
website helpline. Chat
bot and Email will be
primary
• We have two broad
customer Segments
• Households
• Ageing Women
• We have four
cohorts under these
two broad segments
• Tea lovers
• Sweet tooth but
health conscious
• PCOS women
• Super Moms
• We will launch
exclusively online
initially including
ecommerce
• We will roll out to
retailers like big bazaar,
Reliance fresh in future
• Primary Source of revenue will be product sales from
our channels
• In future we will run ads on our website and blogs for
revenue
• After being established as a brand we will strengthen
the revenue base with affiliate marketing
• Primary cost will be of sourcing jaggery from
trusted sources
• Carrying and Holding cost of Inventory
• Marketing Cost for Influencers and paid ads
• Distribution cost
• Warehouse maintenance and rent
Case Study on Jaggery Cottage Industry in India (Biswadeep Ghosh Hazra and Team) - {SJMSOM}

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Case Study on Jaggery Cottage Industry in India (Biswadeep Ghosh Hazra and Team) - {SJMSOM}

  • 1. 1 THE TEAM Biswadeep Ghosh Hazra ChaosRedefined Devark Chauhan Team leader: Biswadeep Ghosh Hazra Registered Email Address: um19148@stu.ximb.ac.in Phone Number: 9051707408 College: XIMB Team Name: ChaosRedefined
  • 2. Brand Name: GUDNESS Vison and Mission : To promote good health and healthy eating habits among our customers by selling Jaggery and jaggery based products. To Expand the jaggery market in India. Marketing Campaign Marketing Goals • To establish GUDNESS as a brand aiming to promote good health by providing quality jaggery based products. • To make GUDNESS synonymous with quality jaggery . Size of Food Services Market Slogan : Gud Lao Cheeni Htao We will launch a brand. Our Brand will deal in selling jaggery and value added jaggery added products. Product Relevant for Uses Jaggery Blocks All households Multipurpose Use Jaggery Powder Tea lovers Direct sugar substitute Jaggery Spread Jam Mothers and hostel/PG people Used for sandwiches and salads Jaggery Rum All Alcohol drinkers Substitute for normal rum Value added Range 1) Protein Enhanced 2) Vitamin Enhanced 3) Medicinal (Ginger, cardamom) This range will be very relevant for people who love sweets but are also paranoid about health. We will provide them extra benefits to them. Relevant for sweet tooth but health conscious Used to replace a lot of confectionary items Jaggery Butter All types of cook who would like to use butter Cooking Campaign With our wholistic campaign, we aim to cover all customer touchpoints in their buyer’s journey. We will keep our communication consistent to build the brand. Blog: Creating Awareness about the products and its benefits Purpose: Traffic generation for the blog KPI: We will link our blog with google analytics and track the average page per time, leakages , bounce rate etc. YouTube Influencer: Creating the buzz around the brand Purpose: Link them to our website store KPI: Conversion of new customers Instagram influencer: Food is best displayed my vivid attractive images Purpose: awareness and need generation KPI: creating earned media Social media : We will use our social media to complete the user journey. Paid Facebook ads with target traffic generation. We will post witty copy to compliment this. Point of sale: we will start with our website based store linked via our Instagram page, Facebook page, blog and YouTube via influencers. We will apply to sell on amazon and Flipkart to increase our network. Offline: We will start with kiosks setups which will have a QR code to redirect to our website, in malls to provide samples of our jaggery products and take details of people who are interest in the product to approach them for complete feedback and surveys. A study in over 30,000 people found that those who consumed 17–21% of calories from added sugar had a 38% greater risk of dying from heart disease ~ Healthline.com 38% For packaging the company will use packaging that has a premium look and feel to it. As the product is aimed mainly towards urban customers, this will help in brand recognition, retention and recall. The color scheme will be based on the colors of jaggery itself, from brown to a mix of gold and brown . This will be pour brand LOGO
  • 3. Segmentation Broad Segment Cohorts • Households (Middle Class) Persona: Name: Siddharth Age: 28 Personality: Wakes up with morning tea, a tea aficionado Subconscious aim: Improve health A) Tea lovers India consumes 1090 Million Kg of tea in 2019. Our aim with this cohort is to derive the major usage of jaggery by replacing usage of sugar in tea. Tea is a major daily consumes item which contains sugar. B) Sweet Tooth but health conscious This cohort is those people who love eating sweet food but are increasingly becoming health conscious • Women Persona: Name: Renuka Age: 36 Mother of two kids, increasingly worried about their eating habits and pattern. Aim: Wants to give her kids nutritious and tasty tiffin for school lunch box. A) PCOS Women Polycystic ovary syndrome (PCOS) is a hormonal disorder common among women of reproductive age. 20% women in India that is about 13 crore women face the problem. According to Celebrity nutritionist Rujuta Diwekar, Jaggery helps with enlarged pores on skin. B) Super Moms Parents are getting more worried about what their children consume and want to feed them nutritious food while keeping its taste intact. This cohort will derive our value added products like Jaggery spread, jaggery butter, jaggery jam. Targeting Initial Place of launch : Delhi Why : Proximity to Uttar Pradesh Service Addressable Market:2900K+ How : • Targeted Facebook Ads • YouTube Influencers • Instagram Influencer • Food Blogs We will use Content Marketing in forms of Moment Marketing and infographic marketing on our social media handles with witty copy. Rick Prefers GUDNESS Jaggery powder over sugar for his tea. Rick cuts on extra calories. Sample Ad for Social Media Strategy • As our brand is very much focused on health benefits, we will start an awareness blog to talk about health benefits of having jaggery. • We will run paid targeted ads on Facebook using witty copy and images with CTA as our blog link, redirecting the traffic to our blog • Influencer Marketing : • We will use YouTube Influencers who are home cooks to promote our brand as our product will mostly be used by everyday people • Nisha Madhulika –A 61 year old mother of two, she will use our jaggery products to show ease of usage of products YouTube channel has 8.34 million subscribers. She is relevant as her demographics fall completely in sync with our target cohorts. • Bhartzkitchen- Bharat a young adult guy, with 5.89 million subscriber, known to innovate traditional recipes. He is relevant as it will give our value added products a place in regular households. • Instagram Influencer: passionate about baking, Instagram influencer with 132K followers. Focuses on healthy baking. She is relevant as she gives a sweet tooth angle to our product which falls in sync with our cohort, Sweet tooth but health conscious. Size of women segment in Delhi
  • 4. PROCUREMENT TRANSPORTATION WAREHOUSING The jaggery will be sourced from the cottage industry The products are transported to GUDNESS plant(s) using refrigerated mini vans (Picture below) Once out of the factory, it goes into the warehouse, where the items are kept there until they are ready to be moved Sugarcane Farmer Jaggery maker The company (Gudness) Value Added Product 1 Value Added Product 2 The Procurement Flow Warehouse The Distribution Network Plant (Gudness) Delivery/Logistics Partner End-Customer Name of the logistics partner Average price per 500 gm parcel India Post Rs. 40 Delhivery Rs. 65 DHL/Blue Dart Rs. 70 DTDC Rs. 100 First Flight Rs. 40 FedEx Rs. 70 The distribution network will entail tying up with a logistics solution provider who will be able to dispatch and deliver the products as quickly, as cheaply and as satisfactory (quality wise) as possible. For calculation, the distance between the Pin Codes 110027 and 700055 is taken (distance: 1522 Km). This will give an idea of the maximum possible delivery costs that might be incurred. All price data taken from official websites of these logistics providers. Looking at the table, India Post and First Flight seem to be worthy options as logistics partner. There are other viable options as well. For eg- Ecom Express is a company that only delivers logistic solutions at cheap prices. Their base price is Rs. 22 per 500 gms. The Process Flow Final options for logistics partners- Ecom Express First Flight Blackbuck India Post Delhivery Rivigo Initially, our plant will follow a Job Shop approach due to limited demand and quantity machines available (maximizing utilization). It will move on to Batch Production process enabling better Quality Control and greater flexibility in product designs. Having future product expansion plans, the optimum production process would be the intersection between Batch and Mass Production giving scope for Lean and Six Sigma (pic) Once a jaggery maker spends enough time with Gudness as a partner delivering high quality jaggery, that jaggery maker will be incorporated into the company supply chain by providing new machineries, skilling of workers, knowledge of sugarcane industry etc.
  • 5. Industry Analysis Financials • i) We have created financials for the complete supply chain • ii) Sourcing sugarcane from farmers conversion to jaggery by cottage industry and finally coming to GUDNESS. • iii) Average margin obtained by cottage industry jaggery producers are 8-10% as per our secondary research. We have increased their margin to 15% in our financials. • iv) We believe this would be possible as we are converting as unorganised business into an organised business by streamlining operations and marketing. • v) We have calculated monthly breakeven sales according to relevant assumptions for business. • VI) Marketing Costs are also included. Calcium- 40-100 mg Vitamin A- 3.8 mg Magnesium- 70-90 mg Vitamin B1- 0.01 mg Potassium- 1056 mg Vitamin B2- 0.06 mg Phosphorous- 20-90 mg Vitamin B3- 7 mg Sodium- 19-30 mg Vitamin B5- 0.01 mg Iron- 10-13 mg Vitamin B6- 0.01 mg Manganese- 0.2-0.5 mg Vitamin C- 700 mg Zinc- 0.2-0.4mg Vitamin D2- 6.50 mg Proteins- 250mg Vitamin E- 111.3 mg Nutrition Benefits of jaggery will be displayed behind every pack (100 gm) The micro-nutrients present in jaggery possess anti-toxic and anti-carcinogenic properties. Magnesium in jaggery strengthens the nervous system, and potassium maintains the acid balance in cells. Jaggery is rich in iron and helps prevent anemia in women. Its intake in the diet can prevent the atmospheric pollution related toxicity and may have a role to reduce the chance of lung cancer
  • 6. • Farmers • Cottage Industry (Jaggery Makers) • Logistics Partner • Warehouse Owners • Social Media Influencers • Retailers • Packaging solution providers • Sourcing High quality Jaggery • Delivering timely to customers • Maintaining Stakeholders • Farmers • High quality Jaggery (Raw Material) • The supply chain • Earned Media • Providing Value to farmers and cottage industries in form of increased margins • Providing Value to the customers in form of nutritious value added jaggery products • Adding Value to society by making them aware about health benefits of jaggery • Making customers healthy and fit • We will address all the grievances via our website helpline. Chat bot and Email will be primary • We have two broad customer Segments • Households • Ageing Women • We have four cohorts under these two broad segments • Tea lovers • Sweet tooth but health conscious • PCOS women • Super Moms • We will launch exclusively online initially including ecommerce • We will roll out to retailers like big bazaar, Reliance fresh in future • Primary Source of revenue will be product sales from our channels • In future we will run ads on our website and blogs for revenue • After being established as a brand we will strengthen the revenue base with affiliate marketing • Primary cost will be of sourcing jaggery from trusted sources • Carrying and Holding cost of Inventory • Marketing Cost for Influencers and paid ads • Distribution cost • Warehouse maintenance and rent