Climate Change: A new dawn for Marketing
Deteriorating environmental
conditions have been a major concern for governments and organizations all over
the world. Organizations pledging to provide eco friendly solutions to their
customers and governments pushing industries hard to save the environment have
lead to a new dimension of product development, promotion and overall
marketing. Increasing customer awareness and health consciousness also compels
industries all over the world to come up with eco friendly solutions and
understanding the need of the hour Organizations are not only developing eco
friendly products they are working on improving recyclability/ease in
disposition of the products as well.
With eco friendly solutions, not only
a company can get cutting edge in the market in terms of product offering,
rather it can also establish itself as a environment savvy brand. This kind of
attempt also calls for special consideration from the government side and it
can turn out to be a good deal.
Traditional companies considered
environment friendly activities to be a part of their CSR efforts only. But
gone are the days when companies could rely on their social arms to get these
things done. Now-a-days Companies like Starbuck, IKEA and other have been turning
the world upside down in order to not only establish and redefine their brand
but also to gain cost advantage wherever possible. This was bound to happen but
is happening now and it is no more a choice only those who adapt to this
phenomenon will survive in long term.
Comments
Post a Comment