Consumer Healthcare expert says companies can innovate their way to growth
Companies can innovate their way to growth despite crowded and highly competitive consumer healthcare products markets, says Robert Buckeldee, Head of Consumer Healthcare for Nielsen Innovation, Europe.
Robert Buckeldee will share six approaches to innovation and give examples of how they have been applied in the health and personal care categories, at ASMI's annual conference on 11 November, 2015.
"Compelling new productdevelopment is difficult to create in the health and personal care categories," says Buckeldee. "Most category areas are already crowded and highly competitive and creating new niche areas does not always yield huge consumer potential.
"Nevertheless, even in difficult economic times, consumers enjoy trying new products. In the fast-moving consumer goods and over-the-counter (OTC) segments, new products represent a relatively small economic risk to consumers as price points generally tend to be modest."
Market research agency, Nielsen, has identified six ways to approach innovation in the health and personal care categories:
- Make a professional-grade experience mainstream
- Relieve consumers of unwanted trade-offs
- Nail a job for the consumer and then build a platform
- Look for expanded or new usage occasions
- Provide a meaningful secondary benefit
- Stretch your brand.
Robert Buckeldee will explore each of these approaches in his conference presentation, with a spotlight on case studies demonstrating each innovative approach.
Filomena Maiese, ASMI Marketing and Business Development Director, acknowledged and thanked Bayer Australia for sponsoring Robert Buckeldee's plenary session. "Bayer Australia's support has enabled ASMI to bring Robert Buckeldee, a leading global expert in consumer healthcare, to Australia for the premier conference of the consumer healthcare industry. We are greatly looking forward to him sharing his global insights and learnings," Ms Maiese said.
For information on sponsorship opportunities of other ASMI Conference speakers click here.
Robert Buckeldee Bio
Robert Buckeldee is Head of Consumer Healthcare within the
Innovation Practice at Nielsen in Europe.
At Nielsen, Robert has had roles across the organisation in client management, marketing,operations and business leadership, and has led global client engagements with a number of the top Nielsen clients. He has extensive experience working internationally with clients in the health and personal care sector and with industry organisations.
ASMI 2015 CONFERENCE EVENT DETAILS:
When:Wednesday 11 November 2015. Registration and coffee at 10 am
Where:Waterview Convention Centre, Sydney Olympic Park, Homebush, Sydney
Who:Delegates from all sectors of the non-prescription medicines industry are encouraged to attend
How: To register online click here
Contact:Claire Johnson, ASMI Member Events and Services Associate
02 9922 5111 | firstname.lastname@example.org
For more information or to arrange a media interview, please contact:
About ASMI: The Australian Self Medication Industry (ASMI) is the peak body representing sponsors of non-prescription medicines - over-the-counter (OTC) and complementary medicines (CM). ASMI members make up 85 per cent of the $4bn Non-Prescription Medicines market. Membership totals 50 companies and ASMI members employ approximately 18,000 people with exports estimated at $1.2 billion annually. ASMI's mission is to advance consumer health through responsible self-care. This means driving a viable and responsible industry and empowering the consumer with evidence-based products and information with the aim of improving health and wellbeing. To find out more about ASMI or how to become an ASMI member, please visit (www.asmi.com.au).