As we all know, Mayora is one of Indonesia’s largest consumer products companies, doing well not only at home but also in several international markets. Could you tell us a bit about Mayora’s mission as a CPG manufacturer?
We believe that our mission is to serve goodness and happiness to consumers around the world – not only in Indonesia.
Mayora is well known for its products in categories like biscuits, candies and coffee, and in recent years has successfully launched new brands in tea, mineral waters, and also detergents. How do you manage your portfolio in terms of identifying which products to launch, and how do you measure your success?
The first thing is the market size and the growth situation in that particular category or segment. This is where Kantar plays a big role in providing research and insight. Another crucial thing is having a good product, but also a good concept – you need to have something distinctive to offer the consumer so they can see the value.
Measuring the success of a product is very simple for us: that’s when the consumer buys your product again and again. So, if the purchase is not repeated, then it’s not successful.