EARNEST ADAMS
Strengths:
- New Zealand made product: “Proudly Baked in NZ”
- Has a wide range of well established baked products such as slices and ginger kisses, etc.
- Brand has a history making it a more reliable product in the customers’ eyes
- Family of bakers means experience in baking
- Affordable
- Laminated bags to keep freshness
- Ideal for families who want a quick snack or a lunchbox treat
- Middle of the range within bagged biscuit varieties- for customers that don’t want the most expensive option (Arnotts) but also no the cheapest (Home Brand)
- Has potential to be improved
Weaknesses
- Colours and packaging do not reflect New Zealand
- The style is outdated and surpassed by newer, younger product design
- The cookies themselves are smaller than the competition
- The bag is not resealable, limiting freshness “Store in an airtight container”
- Doesn’t have an sufficient website
- Name is not memorable or catchy
- Only one type of biscuit in a bag
- Emphasis on being homemade style but packaging looks very mass produced.
Opportunities:
- There is room for a entirely different approach to enter the bagged biscuit range
- Drastic change in colour palette
- Variety of flavours in each packet
- There are only common flavours, potential for new variations and something more inventive
- Has the potential to relaunch itself while keeping customers who are familiar with the brand
Threats:
- Farmbake biscuits is becoming better known and a more trusted brand by New Zealanders even if it is an Australian brand
- Products need to look more organic and homestyle as they claim
- Macro trend of local products
- More people are becoming healthier and avoiding processed foods
- Customers are more concerned about the origins of ingredients
- There is other competition that isn’t bagged such as TimTams that taste better
- Can the average family afford to buy items like this in their weekly grocery shop?
- Farmbake is far stronger in promotional material
FARMBAKE
Strengths
- Arnott’s is the market leader of the Australasian biscuit industry- large variety of popular products
- More neutral coloured and friendly packaging
- More relevant packaging to brand concept of being on the countryside
- Focuses on forecasting and responding to market trends
- Arnott’s is consistent with 135 years of developmental history, recognized by customers
- Large factories and many employees meaning they have production facilities to produce more than smaller companies
- Higher-middle range of biscuits
Weakness
- Less affordable for people on a budget as prices are higher than other options
- Bag is not resealable
- Emphasis on being homemade when packaging makes it look mass produced
- Packaging is not environmentally sustainable
- Have no variety in flavours
Opportunity
- Could go for a more environmentally friendly approach in regards to packaging and production while still keeping the rustic country style
- Create new and interesting flavours
Threats
- Other brands may continue to lower their prices
- Earnest Adams or Homebrand could make their product slightly more upmarket increasing the completion between the brands
- People may decide to eat healthier and stop buying processed foods
- Start preferring actual homemade cookies to store bought
- Macro trends towards local, New Zealand made products