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Audience: Retail clear filter
Tuesday, March 25
 

9:45am PDT

How to Succeed With Premium Tea in a Budget-Conscious Era
Tuesday March 25, 2025 9:45am - 10:45am PDT
Years of inflation at the grocery store has made it harder that ever to convince consumers to pay extra for value-added attributes. How can premium tea navigate such a challenging environment and convince consumers to spend on high-quality tea when they are watching every dollar? In this session, we will look at what the rise in grocery prices has done to consumer mindsets and shopping patterns in the last few years and then describe the strategies that are working in the premium space: Leading with wellness, embracing “Little Treat Culture”, and targeting the luxury segment. Description: The attendees at the expo tend to be selling tea that is higher-quality and they all face a real challenge from consumers very frustrated with inflation and turning to mass brands, private labels, etc. This is true even if the Federal Reserve does bring inflation back down to 2% by the Expo because what consumers are reacting to is not inflation but price levels (it’s not that things are getting more expensive, it is that they have gotten more expensive and the reference point for what things “should cost” remains that of 2019). Of course, it is still possible for value-added categories to succeed and tea basically has three options. The first is wellness, because data indicates where consumers are willing to spend extra their top choice is wellness because it is “investing in themselves” and so makes financial sense even in tough times. The second is “Little Treat Culture” or what in traditional economic terminology is known as the “Lipstick Effect” or the idea that if budgets are stretched, people turn to small, affordable splurges to make themselves feel better. The third is to appeal to consumers whose incomes are high enough they do not really feel the sting of inflation, who are not numerous but who do have high spending power. The idea of this presentation is to lay out the consumer mindset as it currently stands and then take them through the routes where premium tea can succeed, with the idea the attendees will figure out which path makes the most sense for their own brand given its positioning.

You will better understand how consumers:
  • currently shop for food and beverage products
  • under what circumstances they will pay more for higher-quality teas  
  • what strategies might work for them specifically to appeal to consumers in this environment
Speakers
avatar for Matthew Barry

Matthew Barry

Insight Mgr. F & B, Euromonitor
Matthew Barry is an Insight Manager at Euromonitor International, specializing in food and beverage products with a particular focus on hot beverages. His analysis of the industry is often shared in business and trade press, including The Wall Street Journal, The Economist, and The... Read More →
Tuesday March 25, 2025 9:45am - 10:45am PDT
Room #221
 
Wednesday, March 26
 

8:30am PDT

"Taming the Tea Trade: Key Components of Effective Tea Supply Contracts"
Wednesday March 26, 2025 8:30am - 9:30am PDT
This session aims to equip attendees with the knowledge and tools needed to understand tea supply contracts. Participants will gain practical insights into key contract components, risk mitigation strategies, and negotiation techniques, all of which are essential for ensuring successful and sustainable tea business operations.


Speakers
avatar for LaBrae McMillan-McCalla

LaBrae McMillan-McCalla

Owner & Principal Attorney, McMillan-McCalla Law
I am a long-time tea enthusiast and business attorney. With a bachelor's in business administration from Clark Atlanta University and a J.D. from Florida A&M University College of Law, I've practiced law for over 5 years, serving as in-house counsel for Fortune 500 companies. I am... Read More →
Wednesday March 26, 2025 8:30am - 9:30am PDT
Room #221

11:00am PDT

Making Permissible Labeling Claims and Staying Ahead of Class Action Lawyers
Wednesday March 26, 2025 11:00am - 12:00pm PDT
Statements on your label can (and should) showcase how amazing your product is. However, certain claims can run afoul of labeling laws and regulations (which are enforced by government agencies such as the FDA), or can expose your company to the risk of being sued by competitors or class action lawyers who claim that your label is inaccurate or otherwise misleading.
Session Take-Aways
 
  • The various types of claims (nutrient content, health, structure-function claims) and the importance of making permissible labeling claims.
  • “High Risk” claims - Labelling claims to avoid and claims that should be made with caution (for example: “all natural,” “Manufactured in the USA,” “Antioxidant-rich,” and “No added sugar”).
  • The increased focus on environmental factors – heavy metals, PFAS, etc. – and federal and state laws on claims like biodegradable, compostable, and “free of”
  • Strategies for proactively protecting your business against unnecessary legal distractions relating to labelling claims that can hurt your bottom line and brand reputation.
Speakers
avatar for Lindsay Aherne

Lindsay Aherne

Of Counsel, Greenberg Traurig Law
Of Counsel at the law firm of Greenberg Traurig, LLPWebsite: https://www.gtlaw.com/en/professionals/a/aherne-lindsay-nLindsay is an attorney that assists clients across the nation with regulatory compliance and litigation (including lawsuits threatened or filed against the company). Lindsay has experience representing clients in the food, beverage, dietary supplement, medical device, personal care prod... Read More →
Wednesday March 26, 2025 11:00am - 12:00pm PDT
Room #221
 
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