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Marketing Plan and Research Report of GREGGS
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Abstract
The COVID-19 pandemic has significantly impacted the global economy, with the food sector particularly affected due to the necessity to maintain operations amidst health and safety challenges. This research report examines the operational dilemmas faced by Greggs, a prominent British bakery chain, in the wake of the pandemic. Utilizing PESTLE analysis, the study explores the political, economic, social, technological, legal, and environmental factors influencing Greggs' strategic decision-making and operations. Key findings indicate that Brexit and health regulations have introduced uncertainties and risks, while technological advancements offer opportunities for improved customer experience and operational efficiency. The study employs the SMART model to outline Greggs' goal of expanding its retail presence while maintaining food quality and safety. Market research methodologies, including questionnaires, interviews, and focus groups, reveal consumer preferences and the impact of COVID-19 on Greggs' accessibility and sales. The report concludes with a marketing mix summary, emphasizing the need for digital transformation and innovative strategies to adapt to the new consumer landscape shaped by the pandemic.
Keywords
COVID-19 Impact, Food Sector, PESTLE Analysis, Market Research, Marketing Mix
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Cite this article
Liu,Y. (2024). Marketing Plan and Research Report of GREGGS. Advances in Economics, Management and Political Sciences,105,32-39.
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Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
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