Silver Pail Dairy Specialist in quality Ice Cream, Sorbet and Ice Cream Cakes 19 November 2009 Agenda Company Background Current Position in Foodservice Approaching the Irish Foodservice Market Innovation and NPD Silver Pail Dairy Private family owned business located in Fermoy, Co Cork Retail and Foodservice product ranges Current markets are Ireland, UK and Middle East. Key customers are a mix of major international companies, retail groups and foodservice wholesalers and operators Silver Pail & Foodservice Key route to Irish foodservice market is via wholesalers Wholesalers are strategically targeted by geographical location and customer base Foodservice customers vary greatly in size Product ranges are designed specifically for the Irish market Products are both branded and private label Our Approach 1. Prepare Define clear targets of who will use/sell your products 2. Understand Be clear on what makes your products different within potential customers existing range 3. Make the Sale Success for both parties! 4. Retain and Build Long term relationships BUT margin for both parties 1. Prepare Know your Unique Selling Points What makes your products different? Is there anything unique about your process that gives you an edge above the competition? Be creative with your UPSs Wholesalers Identify clearly who to target and why Ensure their customer profile fits your range of products Operators Is there a central buying office? What is their preferred distribution method? Do they trade in the Cost or Profit sector? 2. Understand Wholesalers What ranges do they currently stock and how is your product different? When does their catalogue go to print? What do they expect in terms of support? Marketing Practical Operators Menu cycles Branded v’s non-branded Site visits Standard equipment available in sites Help and support with operational issues for your product. 3. Make the Sale Wholesalers Margin expectation Driving volume Promotional activity Train the sales force Operators Product innovation New to market Tastes and/or looks better Operational benefits Saves time Packaging benefits Assistance with training 4. Retain and Build Constantly innovating Attentive account management Be the industry expert 100% service levels Proactive support Customer insight/research grabs attention Innovation and NPD Bord Bia as a resource Constantly reviewing ranges Use key foodservice customers for market research Take inspiration from other areas of the business and apply to foodservice Review and understand your competitors products Aim to launch a new concept to the market at least every 2 years Summary Rewarding market to operate within Fully understand the market Allocate sufficient resources Challenging times for all Stay abreast of changes and trends Watch your credit control Don’t put the Irish Foodservice Directory on the shelf!