Uncapping the power of the world’s quirkiest lip balm.
International sales for Carmex represented less than 8% of the brand’s total volume. Half of this volume could be traced to diverters reselling product back into the U.S.
Insights: Only a few of the countries produced significant volume. Brand presence was inconsistent from country to country. There were 36 different product formulations due to country-specific regulatory and registration issues. Growth Catalyst Actions: Bolin prioritized markets (countries). All distribution arrangements were reviewed and diverter relationships ended. Current and new brokers were asked to develop two-year, country-specific marketing plans with consumer and trade support. We selected a global regulatory agency and developed processes to manage sample requests, packaging approvals and forecasting. Outcomes: Three new distributors.
Shut down five diverter distributors.
Over 100 new or improved product packages.
First international distributors meeting.
Sales up 46.5%. |