1 STRATEGIC MARKET RESEARCH SOLUTIONS KONSORTIEDAGARNA 2014 NATALJA STRELKOVA EUROMONITOR INTERNATIONAL What is market reseach? Market Research Definition: The process of gathering, analyzing and interpreting information about a market, about a product of service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business‘s target market, the industry as a whole, and the particular competitors you face Source: Entrepreneur's small business encyclopedia http://www.entrepreneur.com/encyclopedia/market-research © Euromonitor International 2 EUROMONITOR INTERNATIONAL Conceptualising the differences © Euromonitor International 3 4 OUR COMPANY. MAKING SENSE OF GLOBAL MARKETS Euromonitor International • A global strategic market intelligence source for 40+ years • Helping clients make informed strategic decisions • Consumer-focused: industries, countries, consumers • Annually-updated syndicated research in 80 countries • Customised ad-hoc projects conducted globally • 1000 analysts in 80 countries • Regional research hubs and industry specialist support teams London Chicago Singapore Shanghai Dubai Vilnius Cape Town Santiago Tokyo Sydney Bangalore Sao Paulo © Euromonitor International ABOUT EUROMONITOR INTERNATIONAL Research methodology © Euromonitor International 5 PASSPORT Business intelligence platform Passport What is Passport? Passport features millions of statistics and in-depth reports on 28 industries across 80 markets worldwide, with demographic, macro- and socio-economic data and analysis on consumers and economies in 210 countries. © Euromonitor International 6 COUNTRIES & CONSUMERS INDUSTRIES Market sizes, 1998-2018 Company and brand shares 2001-2012 Distribution, pricing data and more data sets Monthly / quarterly analysis of key drivers influencing each industry Strategic global profiles of key players by industry, evaluating position and prospects Key facts and strategic direction of key local operators and subsids of global players. Industry overview, analysing broad crosscategory trends and operating environment. Category level analysis with focus on current trends and future prospects. Year round analysis of key industry “happenings” and important insights identified by our analysts. Global Briefings Global Profiles Local Profiles Market Insight Sector Briefing Statistics Global Reports Countries data, 1977-2030 Consumers data, 1990-2030 Reveal major and emerging trends in consumer behaviour. Strategy Briefings Technology, Communication & Media Company Profiles Country Reports Global Risk & Vulnerabilities Country Briefings Country Pulse Income & Expenditure Business Environment Country Profiles Future Demographics Consumer Lifestyles Comment Analysis of the TCM sector including home, public and mobile connectivity. Analysis of the key factors affecting macro-economic stability. Identify high income groups, spending patterns, and saving trends. Highlights the advantages and disadvantages of doing business Analysis of current socio-political situation, economic performance and future outlook. Identify consumer groups / population segments which will decline in importance, disappear or expand in the future. Identify the factors influencing a nation's lifestyle choices and reveal who consumers are, what they do and where and how they do it. Analysis of key socio-economic trends and trends shaping consumer attitudes, activities and spending habits. Highlights country specific issues affecting local consumers © Euromonitor International 7 8 PASSPORT Passport content Consumer Products Services Suppliers Alcoholic Drinks Home Care Consumer Finance Industrial (177 industries) B2B Apparel Hot Drinks Consumer Foodservice Ingredients Automotive Luxury Goods Retailing Packaging Beauty and Personal Care Packaged Food Travel and Tourism Consumer Appliances Pet Care Consumer Electronics Personal Accessories Consumer Health Soft Drinks Eyewear Tissue and Hygiene Fresh Food Tobacco Health and Wellness Toys and Games © Euromonitor International Home and Garden Countries & Consumers Consumer Trends and Lifestyles Industry, Infrastructure and Environment Economy, Finance and Trade Population and Homes Government, Labor and Education Technology, Communications and Media Income and Expenditure Cities Survey CAMI • • Macro model Commodity pricing model ANALYSIS WITH CROSS–INDUSTRY FOCUS Research solutions – soft drinks industry example © Euromonitor International 9 EUROMONITOR INTERNATIONAL Benefits for students, lecturers, researchers and specialists Academic society gets opportunity to have access to the same information which is widely used by very top companies: Get ready for the commercial world students will enter after graduation; Access to powerful data analysis functions and ability to create datasets customised for specific research needs; Possibility to track economic situations and outlook; Ability to monitor changing demographics (even for university it helps to plan future number of students, most popular disciplines etc.); Possibility for the researchers to use the data and analysis for the scientific papers; Get ideas for case studies; See the big picture; Ultimately, save time, since all information for different countries is accessible via one online platform. © Euromonitor International 10 CASE STUDY. MARKET ENTRY © Euromonitor International 11 PASSPORT: CONSUMER INDUSTRIES Visualisation and quick overview of selected industries and markets © Euromonitor International 12 PASSPORT: CONSUMER INDUSTRIES Market analysis and identification of the most rapidly growing categories © Euromonitor International 13 PASSPORT: CONSUMER INDUSTRIES Future forecasts to identify business opportunities © Euromonitor International 14 PASSPORT: CONSUMER INDUSTRIES Find out the biggest players in the market © Euromonitor International 15 PASSPORT: CONSUMER INDUSTRIES Find out which distribution channels are the most promising © Euromonitor International 16 PASSPORT: CONSUMER INDUSTRIES Compare prices © Euromonitor International 17 PASSPORT: CONSUMER INDUSTRIES Find explanations of changes, trends and developments on the market © Euromonitor International 18 PASSPORT: CONSUMER INDUSTRIES Follow the strategy of global competitors © Euromonitor International 19 PASSPORT: CONSUMER INDUSTRIES Understand consumers trends and expenditures... © Euromonitor International 20 PASSPORT: CONSUMER INDUSTRIES ...their lifestyles © Euromonitor International 21 PASSPORT: CONSUMER INDUSTRIES Know you target audience: what are the average income by age and future demographics © Euromonitor International 22 PASSPORT: CONSUMER INDUSTRIES Understand business environment... © Euromonitor International 23 PASSPORT: CONSUMER INDUSTRIES ...and potential risks within the country © Euromonitor International 24 PASSPORT: CITIES More than 270 city level indicators to better understand cities development trends © Euromonitor International 25 PASSPORT: CITIES Find out detail insights on 126 world‘s largest cities © Euromonitor International 26 27 PASSPORT: INDUSTRIAL Passport Industrial contents STATISTICS PRODUCTION »» 5 years of forecasts »» Production value at manufacturer selling prices »» Producer Price Index FIRMOGRAPHICS REPORTS »» Number of companies »» Over 3000 reports »» Number of micro, extra small, small, »» Analysis of key trends for each of the 177 industries medium and large companies »» Production share of micro, extra small, small, medium and large companies »» Producer Volume Index »» Company shares for TOP 5 producers IMPORTS AND EXPORTS INDUSTRY COSTS AND PROFITABILITY »» Import and export value »» Top 5 export destinations »» Top 5 import locations »» Share of imports in market size »» Share of exports in production »» Foreign trade balance MARKET SIZES »» Value sales at purchaser prices »» Value of household purchases »» Value of B2B purchases »» Value of government purchases © Euromonitor International »» Labour costs »» Number of employees »» Average wages »» Taxes »» Operating and input costs »» Profit value »» Profitability (%) ATTRACTIVENESS INDEX »» Comprehensive rating measuring industry performance in stable and challenging economic conditions PASSPORT: INDUSTRIAL Get a view on an entire country's economy from a B2B perspective... © Euromonitor International 28 PASSPORT: INDUSTRIAL ...from various perspectives – import/export data, profitability, companies within the industries and much much more © Euromonitor International 29 PASSPORT: INDUSTRIAL Track performance of related industries in both risky and stable economic environment © Euromonitor International 30 31 EUROMONITOR INTERNATIONAL Passport users: Business Academy Copenhagen North Copenhagen North is a state-funded and self-governing institution comprising a business college as well as a business academy. Copenhagen North all together has about 2000 full-time and 3000 part-time students. The institution offers professional higher education programmes within IT and business. Passport subscription since 2001. Students Extremely useful for students working on cases and projects. Excellent tool to get an overview of the markets, trends and dynamics. Lecturers Passport helps to prepare for classes and case studies. A large amount of internationally comparable information needed for economy classes. Industry and country reports are the most useful. User-friendly. It is easy to save searches and export results to Microsoft Excel, Microsoft Word or Adobe Acrobat. Primarily market shares but also macroeconomic indicators are used for teaching. All relevant information in the same place. More than 72 000 downloads over May 2008 – May 2009. FMCG industry analysis helps to monitor trends, product launches and factors driving growth. Why have you chosen Passport? Because of the right amount and combination of information as well as easy © Euromonitor International access. Librarian, Business Academy Copenhagen North Marketing department Great analysts’ perspectives on future trends in the industry. Strategic analysis of the business environment Access to the same business intelligence that world leading companies and governmental organisations rely on when making important strategic decisions. Combining old and new information into innovations. Finding new ways to use the existing information in own research. 32 EUROMONITOR INTERNATIONAL Passport users: Copenhagen Business School CBS is regarded as the leading business school in Denmark. It is a full-range institution , which offers undergraduate and graduate programmes as well as executive education and a full-time MBA. Founded in 1917, Copenhagen Business School is the largest business school in Northern Europe with more than 15,000 registered students of which approx. 2,000 are international. CBS participates in the prestigious CEMS and PIM exchange networks, and has a strong international focus. CBS strategic target areas are Internationalisation, Partnership with the business community and The Learning University. Passport GMID subscription since 2000. Why have you chosen Passport among other databases? “Because of the content and user interface. Passport was the first database containing detailed content” Contract manager, Copenhagen Business School Copenhagen Bussines School Total downloads, May 2008 - May 2009 Related Statistics 3% Sources 4% 10000 Number of downloads 9000 8000 7000 Comment Research Sources 1% 0% Definitions 1% 5000 Related Comment 0% Reports 39% Related Reports 20% 6000 Related Country Ranking 0% 4000 Statistics 32% 3000 2000 1000 0 May Jun Jul Aug Sept Oct © Euromonitor International Nov Dec Jan Feb Mar Apr May Downloads by type, Copenhagen Business School, May 2009 AWARDS 2014 AWARDS 33 34 THANK YOU NATALJA STRELKOVA SENIOR CLIENT DEVELOPMENT EXECUTIVE NATALJA.STRELKOVA@EUROMONITOR.LT