Powering Progress: How Emerging Technologies Fuel Brand Growth

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October 30, 2023

Emerging Technologies (Representative Image)

Businesses that embrace emerging technologies are often the ones that thrive in an era of rapid technological advancement. These cutting-edge resources and methods present fresh opportunities to engage with clients, improve business processes, and foster brand expansion.

Emerging technologies encompass a wide array of innovations, including artificial intelligence (AI), the Internet of Things (IoT), virtual reality (VR), and more. They have the potential to revolutionize industries and redefine the customer experience. Here’s why they are pivotal for brand growth:

Enhanced Customer Engagement: Emerging technologies enable businesses to engage with customers on a more personalized and interactive level, creating stronger connections.
Operational Efficiency: Automation and data analytics tools streamline operations, reducing costs and improving productivity.
Competitive Advantage: Companies that integrate emerging technologies often gain a competitive edge by offering unique services and experiences.

Ways to Harness Emerging Technologies

To leverage emerging technologies for brand growth, consider the following strategies:

1. Understand Customer Needs:

Start by understanding your customers’ needs and preferences. This information will guide the selection of technologies that best serve your audience.

2. AI-Powered Personalization:

Utilize AI and machine learning algorithms to deliver personalized recommendations, content, and offers to individual customers.

Emerging technologies 2023 (Representative Image)

3. Enhanced Customer Support:

Implement chatbots and AI-driven customer support systems to provide instant assistance and resolve issues.

4. IoT Integration:

Incorporate IoT devices and sensors to gather data that can be used to improve products and services.

5. Data-Driven Marketing:

Utilize big data analytics to identify market trends and develop data-driven marketing campaigns.

6. Virtual and Augmented Reality:

Explore the use of VR and AR technologies to create immersive brand experiences, especially in e-commerce and retail.

7. Blockchain for Transparency:

Embrace blockchain technology to enhance transparency and security, which can be particularly beneficial for industries like finance and supply chain.

8. Employee Training and Development:

Equip your workforce with the skills and knowledge to work with emerging technologies. Invest in training and development programs.

9. Partner with Tech Innovators:

Collaborate with tech startups or innovators in your industry to stay on the cutting edge of technology.

10. Continuous Adaptation:

Be agile and open to change. Emerging technologies evolve rapidly, and the ability to adapt is crucial for staying relevant.

Measuring the Impact of Emerging Technologies

Customer Engagement: Assess metrics like increased user interaction, website traffic, and conversion rates.
Operational Efficiency: Measure cost savings, improvements in productivity, and streamlined processes.
Customer Satisfaction: Gather feedback and conduct surveys to gauge customer satisfaction with the technology-driven experiences.
Market Share and Growth: Track market share and revenue growth to see the broader impact on your brand’s success.

The End:

The adoption of emerging technologies is not a luxury but a necessity in today’s fast-paced business landscape. The strategic use of AI, IoT, VR, and other innovations can revolutionize the way you engage with customers, optimize operations, and gain a competitive edge. In the world of brand growth, those who harness the power of emerging technologies are positioned for progress and success.

Government Doubles Wheat Bid to Stabilize Prices in OMSS!

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October 28, 2023

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OMSS News: On Friday, the government raised the bid quantity for wheat offered from the central pool under the open market sale scheme to 200 tonnes, effective from November 1. This move is part of an initiative to enhance the stability of wheat and wheat flour prices. In a bid to bolster wheat supply in the local market, bulk buyers such as flour millers and small traders are now allowed to participate in e-auctions for 200 tonnes, doubling the previous limit of 100 tonnes under the Open Market Sale Scheme (OMSS).

The Food Corporation of India, which serves as the government’s primary agency for acquiring and distributing foodgrains, is releasing wheat from its buffer stock through the Open Market Sale Scheme (OMSS).

As a result, the statement indicated that the overall quantity available for each e-auction nationwide has been raised from 200,000 tonnes to 300,000 tonnes.

OMSS – Objective:

The objective of the augmented bid quantity is to boost the presence of wheat in the open market and to continue fortifying the stability of wheat prices, as mentioned.

Since June 28, the government-owned Food Corporation of India (FCI) has been conducting weekly e-auctions to sell wheat and rice from the central pool to bulk purchasers, including flour millers and small-scale traders, as part of efforts to manage the retail prices of these essential commodities.

During the 18th round of e-auctions held on October 26, approximately 192,000 tonnes of wheat were successfully purchased by 2,318 bidders.

A total of 201,000 tonnes of wheat were made available for sale from 444 depots across the nation. A noteworthy 2,763 pre-approved buyers took part in the e-auction.

The weighted average selling price was INR 2,251.57 per quintal for fair and average quality wheat, as against the reserve price of INR 2,150 per quintal.

The weighted average selling price of under relaxed specification wheat was INR 2,317.85 per quintal as against the reserve price of INR 2,125 per quintal.

The ministry said traders are kept out of the ambit of wheat sale under OMSS to avoid hoarding of stocks.

Regular checks and inspections are also being made at the flour mills of the processors who have purchased wheat under OMSS, the statement said, adding that 1627 checks were undertaken till October 16.

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Sid’s Farm Joins United Nations ESCAP’s Inclusive Business Program!

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October 28, 2023

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Sid’s Farm, a premium dairy brand based in Telangana, has marked a momentous milestone by securing its participation in the prestigious Inclusive Business Program initiated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). This significant accomplishment was sealed with the formalization of a Memorandum of Understanding (MOU) among Ecociate, Endeva (as the Coach), and Sid’s Farm (in the role of Coachee), underscoring their unwavering commitment to advancing inclusive and sustainable business practices.

Within the framework of the Inclusive Business Program, Sid’s Farm is set to embark on an ambitious initiative entitled “Improving Smallholder Dairy Farmers’ Milk Productivity by 1.2x Annually.” This project is designed to create significant social benefits for smallholder farmers and individuals situated at the lower rungs of the economic ladder, all while maintaining economic sustainability.

Sid’s Farm Joins UN ESCAP’s Program!

According to Santosh Gupta, director, Sustainable Agriculture at Ecociate, said, “We are excited about the potential this coaching program holds for an inclusive business journey and are keen to start working with Sid’s Farm. Their commitment to inclusive business marks a significant step forward in our collaboration. Together we can bring about lasting changes in the realm of sustainable agricultural practices in India.”

Sid's Farm Cow Butter and Buffalo Butter — Sid’s Farm Cow Butter and Buffalo Butter (Representative Image)

Commenting on the inclusion, Dr. Kishore Indukuri, Founder, Sid’s Farm said, “We are honoured to have received this opportunity. We have been working tirelessly for years now towards the creation of ethical and sustainable dairy farming practices within our ever-growing network of farmers, and it is truly humbling when you are among the chosen few for a prestigious and impactful ESCAP programme as recognition of your efforts.”

The program is set to encompass 500 small-scale producers, placing a distinct emphasis on empowering women in agriculture, particularly targeting 300 female smallholder dairy farmers. By June 2024, a comprehensive evaluation will be conducted, comparing the progress reports submitted by Sid’s Farm in October 2023 with the anticipated outcomes. Sid’s Farm’s objective is to achieve a remarkable 20% enhancement in milk productivity for these farmers, directly or indirectly benefiting a network of 2,200 individuals.

ESCAP’s choice to designate Sid’s Farm for its coaching services underscores the company’s unwavering commitment to nurturing beneficial social and economic transformation at the grassroots level. This exciting partnership emerged after extensive discussions among Sid’s Farm team members during a face-to-face session.

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Additionally, as an active participant in the ESCAP Inclusive Business Program, Company is proud to have received an invitation to engage in the esteemed investment dialogue in India and partake in a range of other activities harmonizing with the program’s goals. ESCAP is orchestrating these activities with backing from the Bill & Melinda Gates Foundation.

Sid’s Farm is resolutely dedicated to effecting a substantial positive change in the lives of smallholder dairy farmers and the communities situated at the economic foundation. This collaboration with ESCAP, Ecociate, and Endeva signifies a momentous stride towards a more promising and sustainable future for all stakeholders engaged in this endeavor.

Third Wave Coffee Opens 46th Store in Bangalore’s Phoenix Mall

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October 28, 2023

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Third Wave Coffee, a coffee-first QSR brand, has unveiled its 46th store in the vibrant city of Bangalore at the Phoenix Mall of Asia. This launch represents a significant milestone, being situated within one of the largest malls in Asia and marking the 109th outlet for Third Wave Coffee across India.

The grand opening of the establishment saw Co-Founder Ayush Bathwal, alongside Manish Singh, Director of Phoenix Mills Group, and Basil Mathew, Senior Vice President of the Phoenix Group, leading the inaugural ceremony.

Third Wave Coffee Expands Bangalore!

Sanjay Patil, Senior Vice President, Projects, Third Wave Coffee, said, “Our new cafe is a step forward in our commitment to expand our footprint across India and bring the best coffee brews and food offerings to the growing community of coffee lovers throughout the country. With the launch of our new store, we are excited to bring our unique coffee blends and food offerings to more people in Bangalore and to share our passion for coffee with them.”

Last month, the QSR coffee and food brand secured $35 million in a Series C funding round spearheaded by Creaegis, accompanied by contributions from current investors Westbridge Capital and angel investors. The company intends to allocate the raised capital for nationwide expansion, enhancing the supply chain, and investing in technological advancements.

The recently opened café transcends coffee into an artistic masterpiece and a stunning design spectacle. Drawing inspiration from the mall’s ultra-premium design concept, it effortlessly blends into the mall’s visual appeal, showcasing gold and rose gold hues in flowing shapes, skylights, and detailed coffee-bean artworks. Adding a wooden finish enhances the environment, infusing it with a welcoming and cozy ambiance.

In 2017, Ayush Bathwal, Anirudh Sharma, and Sushant Goel came together to establish the coffee chain.

Kalyan Jewellers Expands in Moradabad, Inaugurated by Kriti Sanon!

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October 28, 2023

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Kalyan Jewellers kriti sanon (Representative Image)

The city of Moradabad witnessed a momentous occasion as crowds eagerly gathered to witness Bollywood actor Kriti Sanon inaugurate Kalyan Jewellers’ new showroom in Civil Lines. This significant launch signifies Kalyan Jewellers’ expansion to a total of 16 locations in the state of Uttar Pradesh. The freshly opened showroom, graced by Bollywood diva Kriti Sanon, offers a lavish and comprehensive shopping experience to its patrons, featuring a diverse range of exquisite jewellery designs. The company has been steadfast in expanding its brand footprint and operational reach in the region, a momentous endeavor aimed at facilitating its growth and increasing accessibility for customers in Uttar Pradesh.

Kalyan Jewellers with Bollywood star Kriti Sanon!

Ramesh Kalyanaraman, the Executive Director of Kalyan Jewellers said, “As a company, we have achieved significant milestones and made substantial progress in establishing a holistic ecosystem designed to enhance the shopping experience for our customers. We arBe thrilled to announce the inauguration of our new showroom in Moradabad. As we embark on the next phase of our growth journey, consistently extending our geographical presence in the region, we are unwavering in our commitment to offer our customers a superlative shopping experience, all while upholding the company’s fundamental values of trust and transparency.”

The recently revealed showrooms will present an extensive selection of designs from Kalyan Jewellers’ diverse jewelry collections, all presented in a world-class setting. In celebration of this launch, Kalyan Jewellers has introduced attractive promotions for its esteemed customers in the area.

Kalyan Jewellers exclusively offers jewelry that bears the hallmark of the Bureau of Indian Standards (BIS) and undergoes stringent purity evaluations. Furthermore, customers can enjoy the advantages of Kalyan Jewellers’ 4-Level Assurance Certificate, assuring purity, complimentary lifelong maintenance of their jewelry, comprehensive product information, and transparent exchange and buy-back policies. This certification emphasizes the brand’s steadfast dedication to delivering the highest quality to its devoted customers.

Try more news: Third Wave Coffee Opens 46th Store in Bangalore’s Phoenix Mall

The showroom will also feature Kalyan’s renowned in-house brands, encompassing Lila for diamonds and semi-precious stone jewelry, Tejasvi for Polki jewelry, Mudhra for handcrafted antique jewelry, Nimah for temple jewelry, Glo for dancing diamonds, Ziah for Solitaire-like diamond jewelry, Anokhi for uncut diamonds, Apoorva for diamonds tailored for special occasions, Muhurat for wedding jewelry, and Rang for precious stones jewelry.

FAT Brands’ Q3 2023 net loss grows, but revenue reaches new highs

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October 28, 2023

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In the third quarter (Q3) of 2023, FAT Brands recorded a net loss of $24.65 million, marking a slight increase from the $23.44 million net loss reported in the same period last year.

The company reported an adjusted net loss of $17.1 million for the quarter, which is slightly higher than the $16.3 million adjusted net loss from the same period in the previous year.

FAT Brands – End of Quarter Report!

In the quarter ending on September 24, 2023, the company experienced a 6% increase in total revenue, reaching $109.4 million compared to $103.2 million in Q3 of the previous year.

The company credited the revenue growth to several factors: a 4.8% uptick in royalties, a 2% rise in revenue from company-owned restaurants, a remarkable 228.5% surge in franchise fees, and an 18.9% increase in income from its manufacturing facility.

In the quarter, FAT Brands achieved a system-wide sales growth of 0.8% compared to the fiscal quarter of the previous year.

In Q3, the year-to-date system-wide same-store sales increased by 1.3%.

The company reported the opening of 30 new stores in the third quarter of fiscal year 2023.

In the quarter, FAT Brands’ adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to $21.9 million, a decrease from the $24.6 million reported in the year-ago quarter.

See more News: Kalyan Jewellers Expands in Moradabad, Inaugurated by Kriti Sanon!

FAT Brands co-chief executive officer Rob Rosen said, “While franchise interest remains high across all of our brands, we continue to be focused on the expansion of Twin Peaks. This year, we plan to open 15 to 17 new lodges, of which 11 have been opened so far.

“We expect to end the year with over 110 lodges, a 35% increase since acquiring the brand in 2021.

“Our growth pipeline includes over 125 lodges and Smokey Bones’ healthy real estate portfolio provides us with the opportunity to convert over 40 locations into Twin Peaks lodges, with the potential to significantly accelerate the growth of the brand.”

BJs Restaurants: Q3 Sees Revenue Growth, Net Loss Widens

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October 28, 2023

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BJs Restaurants recorded a net loss of $3.8 million in the third quarter (Q3) of 2023, marking a contrast with the net loss of $1.6 million in the corresponding period one year earlier.

The diluted net loss per share for the quarter was $0.16, which stands in contrast to the diluted net loss of $0.07 per share from a year ago.

The company highlighted that its Q3 2022 net loss and diluted net loss per share incorporated a $4.1 million income tax benefit, representing its estimated annual effective tax rate.

In the quarter concluding on October 3, 2023, the restaurant company experienced a 2.3% year-on-year increase in total revenues, reaching $318.6 million.

In the most recent quarter, comparable restaurant sales increased by 0.4%, while the total restaurant operating weeks saw a growth of 0.8%.

The company’s restaurant-level operating margin increased to 11.9%, up from 10.3% one year ago.

BJs Restaurants Revenue Growth:

BJs Restaurants reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $19.6 million for the quarter, marking a significant increase from the $15.2 million reported one year ago.

BJs Restaurants president and CEO Greg Levin said, “Our third quarter results mark further progress with our sales building programs and cost savings initiatives, which enabled us to expand restaurant operating margin and adjusted EBITDA.

“We improved restaurant-level operating margin by 160 basis points and increased adjusted EBITDA by approximately 30% from the prior year. We remain focused on growing guest traffic and sales through gracious hospitality and a culinary strategy of elevating familiar foods made brewhouse fabulous.

“Additionally, we continue progressing with our cross-functional cost savings initiative to improve operating margins without compromising our quality standards. We have now realised more than $30m of annualised savings to date and anticipate capturing additional savings in the fourth quarter.”

Granarolo’s €300M Plan Targets Global Market Expansion

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October 28, 2023

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Granarolo, a prominent dairy company headquartered in Italy, has unveiled a comprehensive strategic plan outlining its objectives for the period from 2024 to 2027.

The announcement highlighted that the endeavor will encompass a €300 million ($316.8 million) investment, primarily directed towards projects focused on expansion to attain a substantial upsurge in revenue throughout the specified plan duration.

This action comes in the wake of the Bologna-headquartered company successfully raising €160 million by selling a portion of its business earlier this year.

Granarolo Full Plan:

Granarolo president Gianpiero Calzolari said, “The objectives that the company intends to achieve through the implementation of the new plan are to consolidate and increase its presence on the national market through digital transformation and innovation of the product supply chain, strengthen its positioning at an international level, and innovate to anticipate new solutions of product in a continuously evolving market.”

The company stated that the plan encompasses “significant organic growth targets as well as exceptional operations designed to bolster the group’s competitive position both within Italy and on the international stage.”

When pressed for further information regarding its plans, a spokesperson from Granarolo indicated that their forthcoming innovations will involve the creation of functional products designed to have an extended shelf life.

Additionally, the spokesperson mentioned that their primary international growth targets will be the European markets and the United States. However, they refrained from disclosing specific details at this stage regarding heightened turnover goals or any potential involvement in merger and acquisition activities as part of their strategy.

In the stake sale conducted by the group in late March, €100 million was invested by the Italian state lender, Cassa Depositi e Prestiti (CDP), as part of the €40 billion Patrimonio Rilancio national strategic fund, which is funded by the country’s Treasury.

It secured an approximate 15% ownership interest in the milk and cheese producer.

Try More News: BJs Restaurants: Q3 Sees Revenue Growth, Net Loss Widens

Agricultural labor pension agency Enpaia and the controlling shareholder, Granlatte, a farmers’ cooperative, each contributed €30 million.

Granarolo, known for its production of pasta and deli meats, maintains 14 production facilities within Italy and an additional nine in various locations including France, the UK, Brazil, Germany, New Zealand, and the US. The company works in collaboration with over 600 milk-producing farmers and delivers its products through an extensive network of 50,000 sales outlets.

Costa Coffee Reveals Festive Menu & Limited Edition Cups!

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October 28, 2023

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Costa Coffee has unveiled its Christmas menu, showcasing a fresh addition: the Sticky Toffee Latte and Sticky Toffee Iced Latte.

The new drink selection also features the Roasted Hazel Latte and Roasted Hazel Hot Chocolate.

In addition to the fresh drink choices, the Christmas menu will introduce novel lunch items such as the Vegan Turkey and Trimmings Toastie, as well as the Honey Roast Ham and Wensleydale Ciabatta. It will also offer new desserts like the Sticky Toffee Loaf Cake and the Belgian Chocolate Ganache Cake.

Costa Coffee Launches New Festive Menu!

Costa Coffee will also launch a special limited-time takeaway cup, carefully designed to capture the spirit of beloved festive traditions in the lead-up to Christmas.

The new cups come in sizes ranging from 4oz to 20oz and are crafted from plant-based materials. They will be accessible at UK retailers and Costa Express machines across the nation for the purchase of hot beverages.

Check More News: Granarolo’s €300M Plan Targets Global Market Expansion

“We’re thrilled to introduce our enchanting and cosy new festive menu that will undoubtedly unleash customers’ Christmas spirit. As we embrace the magic of the festivities, our delightful new products and returning favourites hope to add some joy to the season,” Naomi Matthews, Food Innovation Director UK & Ireland at Costa Coffee.

The Ribbon Room Bar & Tequileria Debuts in Mumbai wth Culinary Delights!

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October 28, 2023

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The Ribbon Room Bar & Tequileria, nestled within the ambiance of Juhu’s Sea Princess Hotel, stands as an initiative towards creating an elegant dining space. Co-founded by Sunny Sara, Ritik Bhasin, and Neha Gundecha, this brand aims to offer a distinctive dining experience. The venue boasts a sophisticated ambiance characterized by its wood and leather decor, exuding an aura of refinement and sophistication.

“We have crafted a dining and drinking space that oozes flair and finesse. Our bar and tequileria hosts a vivid variety of spirits, and our customised agave menu will surely fetch a lot of ardent fans! Our interiors also elicit a sense of wow and wonder. We have achieved the perfect marriage between chic and classy as well as colourful and flamboyant in our interior design. An unforgettable visual and unparalleled dining experience awaits patrons at The Ribbon Room,” said Sunny Sara, Director, Orion Entertainment.

The Ribbon Room – Bar & Tequileria!

The focal point of The Ribbon Room is its vibrant bar, dedicated to agave-based drinks. This establishment presents a wide array of infusions for beverages, setting the tone for an extensive and diverse selection.

Check more news: Costa Coffee Reveals Festive Menu & Limited Edition Cups!

The Ribbon Room boasts a varied menu, ranging from a selection of Sushi and Dim Sum to platters of Rolls and Dumplings. Additionally, their offerings include items such as Nori fries, Butter Spiced Shimeji, and Filo-coated Dynamite Prawns.

Individuals who value a healthy eating regimen can request from the kitchen a nourishing assortment of salads, tartares, and carpaccios, all abundant in essential proteins.

NewsHub

Ways to Harness Emerging Technologies

Measuring the Impact of Emerging Technologies

The End:

OMSS – Objective:

Sid’s Farm Joins UN ESCAP’s Program!

Third Wave Coffee Expands Bangalore!

Kalyan Jewellers with Bollywood star Kriti Sanon!

FAT Brands – End of Quarter Report!

BJs Restaurants Revenue Growth:

Granarolo Full Plan:

Costa Coffee Launches New Festive Menu!

The Ribbon Room – Bar & Tequileria!