Latest news with #NPD
Business News Wales
a day ago
- Business
- Business News Wales
Successful New Products Start with a Brief
New products are the lifeblood of the food industry. 'New' is one of the best on pack messages to encourage shoppers to buy. Successful new products have kick-started and transformed food businesses. But if you watch Channel 4's Grand Designs, you probably know what happens when a house build starts and the plan is a bit vague, the budget isn't confirmed and there doesn't appear to be an architect involved. It usually ends up with ad hoc decisions, lots of tears, a massive overspend and the family living in a caravan for much longer than they wanted. Apart from the caravan, the consequences of starting a product development project without a brief are probably similar. During my career I've being involved in launching more than 1,000 new products including own label ranges at Tesco, branded products at McVitie's and supporting client businesses to launch their products. The larger companies have very structured and robust new product development (NPD) processes, which usually start with a very comprehensive product brief. At Tesco this was one of my responsibilities and in my group, with suppliers' support we would launch around 350 new products a year. Despite having NPD briefs, I've been involved in a number of NPD failures. A brief is no guarantee of a successful product launch, but the absence of one significantly increases the likelihood of failure. Bringing new products to market can be time consuming and costly. This sounds harsh, but it is irresponsible to start an NPD project without a formal and robust brief. The real benefit of a brief is that writing it ensures that some thought has been given to the purpose and requirements of the product. A brief helps to clarify thinking, to bring colleagues from different functions together and hopefully avoid costly mid-project changes. At ZERO2FIVE Food Industry Centre we use a comprehensive, seven-page NPD briefing document. This contains sections and questions to ensure adequate thought and research is put into writing the brief. It's better to agree requirements such as maximum retail price and allergens to avoid at the briefing stage rather than after the recipe has been signed off. We run workshops to support clients to complete NPD briefs and below are some of the suggestions from the workshop: Market and consumer insights- include a summary of market and consumer insights that have informed the new product idea. Define the proposition- include reasons why both the consumer and trade partner would want to buy this new product. What's different and what's better than competitors' products? include reasons why both the consumer and trade partner would want to buy this new product. What's different and what's better than competitors' products? Team effort- involve all relevant colleagues to contribute to the brief. They will feel more invested in the project and their expertise will make the brief better. For example, if the sales team require a 50% trade margin to gain listings, this should be built into the product costings from day one. involve all relevant colleagues to contribute to the brief. They will feel more invested in the project and their expertise will make the brief better. For example, if the sales team require a 50% trade margin to gain listings, this should be built into the product costings from day one. Set clear benchmarks- there are likely to be some mandatory requirements for the product to have a chance of succeeding. This could be out-scoring competitors on key sensory measures, meeting internal margin requirements, having a minimum shelf life etc. there are likely to be some mandatory requirements for the product to have a chance of succeeding. This could be out-scoring competitors on key sensory measures, meeting internal margin requirements, having a minimum shelf life etc. Be realistic- this is particularly important when setting time scales and financials. Very few NPD projects could be launched earlier than they are and even fewer deliver better margins than expected. In my experience, costs and timings rarely improve during the course of a product development project. this is particularly important when setting time scales and financials. Very few NPD projects could be launched earlier than they are and even fewer deliver better margins than expected. In my experience, costs and timings rarely improve during the course of a product development project. Focus on the details- a good brief will focus minds and avoid the mid project changes that often delay launches and cost money. For example, specifying in the brief that Shelf Ready Packaging (SRP) is required may seem trivial nine months before launch, but a late request for SRP can reduce margins, change pallet configurations, result in a poorly designed solution and delay the launch. a good brief will focus minds and avoid the mid project changes that often delay launches and cost money. For example, specifying in the brief that Shelf Ready Packaging (SRP) is required may seem trivial nine months before launch, but a late request for SRP can reduce margins, change pallet configurations, result in a poorly designed solution and delay the launch. Director level buy-in- having senior colleagues approve an NPD brief is important. This can also help to avoid senior colleagues interfering during the development process. having senior colleagues approve an NPD brief is important. This can also help to avoid senior colleagues interfering during the development process. Minimise changes to the brief- although changes to a brief are almost inevitable, if a senior colleague has to sign off amendments it will encourage colleagues to get it right at the first attempt. During the process it is essential to refer to the current (and original) version of the brief. This avoids mission creep and the proposed new 'six pack of organic sourdough rolls for £2.50' becoming 'a four pack of white burger rolls for £2.90'. Through the Welsh Government's HELIX Programme, we're running a series of New Product Development workshops for Welsh food and drink manufacturers in June and July. More details are available here: Training and events – ZERO2FIVE
Yahoo
4 days ago
- Business
- Yahoo
Analysts See Value in Spectrum Brands Holdings, Inc. (SPB) at Current Levels
Spectrum Brands Holdings, Inc. (NYSE:SPB) is among the best bear market stocks to buy according to analysts. On Wednesday, Spectrum Brands Holdings, Inc. (NYSE:SPB) reached a 52-week low, declining to $54.54. Analysts believe that the stock is undervalued at its current levels, making it a valuable stock. With the company being loud on one thing: it will not chase short-term revenue at the expense of its robust financial position, we can expect it to have promising opportunities ahead. One strategy that Spectrum Brands Holdings, Inc. (NYSE:SPB) is holding onto is new product development (NPD) to drive future growth. Investments in innovations are expanding core categories and boosting sales and new adjacencies. The company considers buying assets at a better price as the silver lining in this macro environment, making M&A initiatives highly likely. A person enjoying the convenience of their pet products, that simplify clean-up. The COVID era speaks volumes about the performance of the company. During the peak lockdown period, Spectrum Brands Holdings, Inc. (NYSE:SPB) grew by more than 23% in 2020, in contrast to the broader market, which grew by around 17%. Thus, in similar circumstances, SPB has a high chance of outperforming its peers when there is demand uncertainty. This is supported by the one-year price guidance of $83.57 by Yahoo Finance, implying an upside of nearly 61%. Spectrum Brands Holdings, Inc. (NYSE:SPB), headquartered in Wisconsin, United States, is a diversified consumer products and home essentials company. The core offerings of the company include pet products, personal care items, small household appliances, and home pest control solutions. From North America and Europe to Asia Pacific and the Middle East, SPB has a powerful industry presence. While we acknowledge the potential of SPB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Daily Record
14-06-2025
- Entertainment
- Daily Record
Diagnosed narcissist reveals how to tell for sure that you aren't one
Jacob Skidmore has shared with his 300,000 followers what it is like to live with narcissistic personality disorder. A diagnosed narcissist with his own social media account has revealed the 'real reason' you can tell that you aren't one. Jacob Skidmore has shared with his 300,000 followers what it is like to live with narcissistic personality disorder (NPD). NPD is a mental health condition that gives an increased sense of self-importance, a deep need for admiration, and a lack of empathy for others. Skidmore, who is known as The Nameless Narcissist online, says he didn't tell people about his diagnosis for years. "Whenever I attempt to be vulnerable with my friends, it's like the shame catches the words in my throat and I psychically can't say it," he told LADBible. In a video uploaded to his TikTok page, Jacob said: "A lot of people will be like, 'Oh, I have those thoughts too sometimes. Does that mean I'm a narcissist?' And the answer is probably no, and it's not because necessarily that, 'Oh, if somebody considers they're a narcissist, that means that they're not a narcissist'. "I mean, obviously I've considered it, been considering it for a while, been diagnosed with it." The 'real reason why you probably aren't a narcissist' he says is because these thoughts have to apply 'to literally everything in your life'. "Not just 'Oh, man, I got a promotion at work, so I'm feeling a little grandiose and thinking a little narcissistically'," Jacob added. "No, it's, 'Oh, I took in the groceries today better than anybody who's ever existed'." Jacob said that narcissistic thoughts must be pervasive and ego-based, meaning there's no self-judgment involved. True narcissists don't feel the need to hide their thoughts or feel guilty about them, as they believe their behaviour is justified, he says. Jacob continued: "Like me, for example. I know that these thoughts are abnormal, but I don't have any cognitive dissonance regarding them. I'm not like, 'Oh, man, I can't believe I thought this narcissistic thought today'. No, I'm thinking, 'Everybody should think like this'." He added: "A genuine narcissist thinks it's okay and justified to be a narcissist." Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. The content creator, who is better known online as The Nameless Narcissist, previously shared a clip with his hundreds of thousands of followers explaining there are three main signs which can indicate you don't have NPD. Jacob explained that he'd never met a narcissist who didn't 'do these things', but pointed out this is just his opinion. First, he explained that feeling 'genuine' emotions is a sign someone isn't a narcissist, as he finds himself 'faking' his, saying: "Narcissists don't have those normal emotional reactions, we have to emulate them half the time." Next is whether or not you believe every person on the planet has equal worth - as in his eyes, it's 'inconceivable that two people can have it inherently the same amount of worth.' Jacob said: "For me, there's always gonna be a better person and a person below." Lastly, if you love yourself, the diagnosed narcissist reckons you definitely haven't got NPD. "A lot of people think narcissists love themselves," Jacob said of the common perception around NPD. "No, we think we're better than everybody else. "We might love how we look. We might love our intelligence. But my internal monologue is a constant stream of 'You're so stupid. Why did you do that? You're better than all these other people. How could you be so stupid?' 'There is no self love. There is no self compassion there. It's just grandiosity."
Yahoo
07-06-2025
- Yahoo
Norfolk judge grants bond to Harris Teeter guard accused of assault
NORFOLK, Va. (WAVY) — A Norfolk General District Court judge granted bond to the Harris Teeter security guard accused of beating a man inside the store. Kharel Jones-White is facing one charge of malicious wounding related to the incident. He was working as an armed, uniformed security guard on the evening of June 2. Several family members and Harris Teeter employees as well as a man who said he was White-Jones' boss at the security company were in court to testify and show support. NPD: Man seriously injured after assault at W Ocean View Ave. Harris Teeter A witness in the case testified that White-Jones and the victim entered the store at the same time that night. A short time later, the witness said, White-Jones approached him and told him there was an issue with the man. 'The victim kept going at [White-Jones],' the store employee told the court, describing antagonizing behavior. Then, a physical altercation broke out between the two men. The witness told the court that White-Jones had the man in a headlock. Then, the man attempted to grab White-Jones' holstered handgun. White-Jones then stepped away to hand the gun to an employee, according to the witness. At some point, the victim began attempting to hit or stab White-Jones with a gold object, according to the witness and the defense attorney. The witness said the victim was trying to strike back during the entire incident. The commonwealth's attorney on the case opposed the bond motion, arguing that White-Jones had exercised excessive force, breaking the victim's eye socket and spilling 'a substantial amount of blood.' The prosecutor said that video, which was not show in court, captured the incident and showed White-Jones using OC spray before straddling the victim and punching him in the eye. 'This looks like that scene from 'No Country for Old Men,'' the judge remarked, when shown images from the security video. White-Jones' attorney said that he followed DCJS (Department of Criminal Justice Services) protocol. The judge ultimately released White-Jones on a $7,500 personal recognizance bond. He's prohibited from contacting the victim. A preliminary hearing date was set for August 6. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-06-2025
- General
- Yahoo
Woman hurt after being shot on Alexander Street in Norfolk
NORFOLK, Va.(WAVY)– Police in Norfolk are investigating an overnight shooting that left a woman hurt. According to police, officers were called to the 6300 block of Alexander Street just after 2 a.m. for the report of a shooting. When officers arrived on scene, they located a woman suffering from a gunshot wound. She was taken to the hospital for treatment. The extent of her injuries is unclear at this time. Just before midnight, NPD responded to a shooting on Chesapeake Boulevard where a man was taken to the hospital with non-life-threatening injuries. We are working to learn if these two shootings are connected. If you have any information about this case, you can submit an anonymous tip by calling 1-888-LOCK-U-UP, downloading the P3 tips app to a mobile device, or visiting and submitting a tip. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
