We have found increasing demand from businesses for end-to-end advanced demand growth solutions that lift their odds of success.
They seek to position and differentiate their product or business with less competition – with less pricing pressures – delivering new growth.
At both strategic and operational levels, it is a form of co-share relationship at each step – combing our toolkit and people – research, combined with lifting and delivering more trust, credibility, authority, and a powerful value proposition (Pitch).
Along with a strategic narrative that embeds into their social media, they are tested in real-time and adapted to land a proven differentiated offer with a precise buyer value.
Recent work with a new market entrant found that most competitors think, act and communicate the same way – even across countries.
Our research identified how to exploit new demand by offering significant value to a large part of the market.
The message – differentiated businesses – stand out and stand up faster.
A Top 10 McKinsey article summarised here explains how businesses can increase sales with differentiated ESG offers.
A joint McKinsey and NielsenIQ study examined sales growth for products that claim to be environmentally and socially responsible: the US CPG sector research — which has millions of employees and trillions of dollars in annual sales found the following results.
The questions are about products labelled.
- environmentally sustainable,
- eco-friendly,
- Fairtrade,
Are these business practices achieving the goals of
- Reducing carbon emissions across value chains,
- Offering employees fair wages and working practices,
- Supporting diversity and inclusion,
- Are customers responding to social and environmental claims with their wallets,
In a 2020 McKinsey US consumer sentiment survey, more than 60 percent of respondents said they’d pay extra for a product with sustainable packaging.
- A recent study by NielsenIQ found that 78 percent of US consumers say a sustainable lifestyle is essential to them.
- But many CPG executives report that their companies’ environmental, social, and governance (ESG) initiatives is the inability to generate sufficient consumer demand.
Mckinsey insights
- Consumers are shifting their spending toward products with ESG-related claims.
- Products making ESG-related claims averaged 28 percent cumulative growth over the past five-year period versus 20 percent for products that made no such claims.
- Brands of different sizes making ESG-related claims achieved differentiated growth: Mckinsey reports. The data can’t explain the underperformance of medium-size brands, but they may need to gain large brands’ marketing and distribution scale to communicate better.
- No one ESG-related product claim outperformed all others—but less-common claims tended to be associated with more significant effects.
- Combining claims may convey more authenticity. Products making multiple types of claims grew about twice as fast as those making only one.
The result delivers healthier financial performance and a healthier planet – a real win-win.