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Change has been a pervasive theme throughout the first quarter of 2012: clients are adapting strategy and tactics to match changes in their markets, activity in the transaction space continues to change in response to the evolving financial and economic landscape, and change in own businesses is necessitating diligent management.
This Newsletter contains two articles that both talk to the need for change. The first relates to the Consumer Goods sector, where a number of our clients are developing new approaches to address both the opportunities and threats posed by the growth in Private Label. The second relates the Sports sector where the nearing London Olympics prompt us to question what changes are going to be required to ensure continued successes for Australia in the medal tally.
In this newsletter we discuss:
With the coming Olympics in London – it is timely to look the reasons for Australia's elite sporting success, and whether and how this can continue in future. Australia has performed extremely well in Olympic sports for many years, built in part from our ground-breaking investment in the Australian Institute of Sport (AIS) and Australian Sports Commission (ASC).
The pervasiveness of private label in recent times is undeniable, with Australia's largest grocery retailers publicly promoting their private label strategies with extensive promotional, brand and market activation support. As the retailers continue to espouse the benefits of private label to consumers – the key being lower prices, particularly for staples such as milk and bread – private label has dramatically changed the competitive dynamics between retailers and suppliers, typically as we have seen to suppliers' detriment.