Do you need this or any other assignment done for you from scratch?
We assure you a quality paper that is 100% free from plagiarism and AI.
You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)
NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.
NB: All your data is kept safe from the public.
Harmonie Water: Bottled Water Production in the U.S.
Introduction
In essence, the global market for bottled water is a highly competitive and dispersed supply environment. The frequent introduction of several firms into the market is the primary cause of this. These fresh faces include regional vendors or well-known companies that work across sectors. The fundamental reason why there are so many vendors in this market is that there are few entry barriers. Brand impression demonstrates that Harmonie Water operates well in the extremely competitive market of today. However, the companys rivals, their strategies, and marketing demonstrate that it can perform better and make the required investments.
Harmonie Waters Competitors
There are several vendors that compete with Harmonie water and can be considered key players in the area. These companies, which create different brands of water in various locations, include Nestle, Coca-Cola, Pepsi, and Danone. Each of these companies produces bottled water in a unique way and has a unique strategy for sales and content management. The primary distinction between Harmonie Water and Nestle, Coca-Cola, Pepsi, and Danone is their price strategy. The Harmonie Water bottle production inherently costs more for each packed water bottle than its rivals since it is made of highly biodegradable plastic (Quelch and Teopaco). These pricing and sales strategies allow rivals greater leeway and boost revenue.
The methods used for marketing and content strategy also vary greatly. The companys rivals are all well-known international companies with sophisticated and varied infrastructures. Their marketing approach is based on building a strong worldwide brand and a positive reputation that makes it simpler to introduce new items and work with PR agencies (Troncoso). Despite the expenditures, Harmonie Water continues to make efforts in a variety of areas, including client trust and high-quality production (Quelch and Teopaco). As a result, more consumers interact with well-known firms like Pepsi or Nestle than they do with Harmonie Water. However, Harmonie Water gives preference to adapting to the local markets on a more sophisticated scale rather than its competitors. Given that Danone and Coca-Cola have more advanced supply chains, this also has an impact on shipping costs and worldwide reach (Troncoso). These variables create a highly competitive environment for Harmonie Water products worldwide.
Comparison
Compared with its competitors, Harmonie Water has continually embraced a communications adaptation approach, in which a brand advertises the same good in several cultures in various ways depending on the local circumstances. However, the business is considering restructuring to break away from its current processes and eventually implement a worldwide branding strategy that would double down on communications (Troncoso). This will allow it to compete on a global scale since its competitors are using their world brand recognition to engage with new markets and push their agenda in different regions.
Conclusion
In conclusion, companies utilize a variety of strategies to get an advantage in the fiercely competitive bottled water industry. Amid this setting, Harmonie Water develops a distinct character in the fast-moving dynamics of the bottled water market. Sales and revenue growth may be influenced by a number of variables, including health concerns, the desire for hygienic water, a lack of well-developed water supply infrastructure, and the ongoing contamination of natural water resources. However, the companys rivals in the market frequently introduce new items with various flavours and advantages, which aids in drawing clients. Additionally, a competitors use of low-cost production materials and well-known worldwide brands might be a way for promotion.
Works Cited
Quelch, John A. and Teopaco, John L. Harmonie Water: Refreshing the World Naturally. Harvard Business School: Brief Cases, 9917527, 2017.
Troncoso, Kimberly. Industry Report: Bottled Water Production in the US. IBISWorld, 31211B, 2022.
Do you need this or any other assignment done for you from scratch?
We assure you a quality paper that is 100% free from plagiarism and AI.
You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)
NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.
NB: All your data is kept safe from the public.