Please
research the brand “Boxed Water” , and write:
1.a diagnostic about the brand
current marketing strategy and implementation, use any criteria you feel are
appropriate.
2. based on your analysis and evaluation, make
recommendations for how to fix the problem you
spotted.
Note: Please focus on this problem “low differentiation” : the problem of similarity with other mineral water packaged using sustainable paper materials. and provide recommendations accordingly based on research.
Boxed water has been growing
in popularity recently, and for a good reason. Consumers are buying bottled
water because they cannot trust tap water, which is a huge market. Companies
have benefited from this rise since they can sell their products without
competition. Boxed water is taking advantage of this by selling its product in
a recyclable box that looks good. They are also selling the water for much
cheaper than bottled water companies, thus eliminating the competition. Boxed
water is a large industry that is growing rapidly. Boxed water is gaining
popularity due to the convenience of carrying it to places such as schools or
the gym and not paying for plastic bottled water. For a better insight into the
boxed water brand, it is crucial to examine its current marketing strategy and
implementation. Additionally, reviewing the problem of low differentiation and
developing recommendations to battle the challenge is also essential.