• Latest
  • Trending
  • All

Fast Food Market Forecast – The Subway Example of Strategic Product Positioning

January 21, 2021

MEMBER, STATE BOARD OF EDUCATION DISTRICT 3, VETERANS IN POLITICS ENDORSEMENT INTERVIEWS

June 27, 2022

Ukraine has the HIMARS and is putting them to use

June 27, 2022

Wounded veteran surprised with I-Bot wheelchair

June 26, 2022

Veterans Face Another Battle: Getting Hired

June 26, 2022

Troubles amnesty plan will protect IRA terrorists who murdered hundreds of soldiers, opponents say

June 26, 2022

#VeteranOfTheDay Air Force Veteran William Earl Brown Jr

June 26, 2022

Homeless Veteran Supporters, Blue -Medicine for our Military

June 26, 2022

Table Tennis European Veterans Championships 2013 Bremen 16) Semifinale Appelgren-Boehm

June 26, 2022

The deepest shipwreck ever found is this WW2 destroyer

June 26, 2022

President Trump delivers remarks on supporting veterans and military families

June 25, 2022

"Unsung Heroes: Recognizing and Honoring Chinese American World War II Veterans" Book Talk

June 25, 2022

Post 911 GI Bill – Study Abroad : Veterans

June 25, 2022
Monday, June 27, 2022
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
198 Veterans News
No Result
View All Result
  • Home
  • Global Veterans
  • USA Veterans
  • EU Veterans
  • Canadian Veterans
  • Australian Veterans
  • Asia Veterans
  • African Veterans
  • Veteran Supports
  • More
    • Global Veteran Supports
    • Veterans Nonprofits
    • Veterans Sponsors
    • Sponsorship
    • Veteran Blogs
    • Veteran Books
    • VIP videos of Veterans
198 Veterans News
No Result
View All Result
Home Sponsorship

Fast Food Market Forecast – The Subway Example of Strategic Product Positioning

by The Editor
January 21, 2021
in Sponsorship
245 8
0
Share on FacebookShare on TwitterShare on Email

The United States fast food market has seen a healthy rise in growth within the last three years which forecasts can be sustained. The fast food market is forecast to maintain its current growth expectations, with an anticipated Compound Annual Growth Rate (CAGR) of 2.3% for the five-year period 2005-2010. This is expected to drive the market to a value of $57.6 billion by the end of 2010. Drivers of growth include increasing numbers of Americans in the workplace, which reduces the amount of time spent on preparing meals at home. In 2010, the United States fast food market is forecast to have a value of $57.6 billion, an increase of 12.1% since 2005.

Forecast Volume

In 2010, the United States fast food market is forecast to have a volume of 37 billion transactions (Figure 1). This represents an increase of 5.3% since 2005. The CAGR of the market volume in the period 2005-2010 is predicted to be 1%.

Success Factors

Success factors for fast food franchisees will include products and marketing targeted to healthier menu selections, brand consistency, low start-up costs, franchisee support, and consumer convenience. Subway ® represents a poignant example of a fast food franchisee ready for success in the future fast food market. Their strategies transcend the fast food market and apply to many other markets and products.

SWOT Analysis

Subway sandwich shops are well positioned to leverage their strengths and address reasonable threats, weaknesses, and opportunities. The table below highlights these Strengths, Weaknesses, Opportunities, and Threats.

Strengths

  • Size and number stores and channels
  • Menu reflects demand for fresh, healthy and fast.
  • Use of non-traditional channels.
  • Partnering with the American Heart Association.
  • Worldwide brand recognition.
  • Customizable menu offerings.
  • Low franchisee start up costs.
  • Franchisee training is structured, brief and designed to assure rapid start-up and success.

Weaknesses

  • Décor is outdated.
  • Some franchisees are unhappy.
  • Service delivery is inconsistent from store to store.
  • Employee turnover is high.
  • No control over franchise saturation in given market areas.

Opportunities

  • Continue to Grow Global Business.
  • Update décor to encourage more dine-in business.
  • Improve Customer Service Model.
  • Continue to expand channel opportunities to include event wagons.
  • Improve franchisee relations.
  • Experiment with drive-through business.
  • Expand packaged dessert offerings.
  • Continue to revise and refresh menu offerings.
  • Develop more partnerships with movie producers and toy manufacturers to promote new movie releases through children’s menu packaging and co-branding opportunities.

Threats

  • Franchisee unrest or litigation.
  • Food contamination (spinach).
  • Competition.
  • Interest Costs.
  • Economic downturn.
  • Sabotage.
  • Law Suits.

Competitive Analysis

Subway is not without competitive pressures. Chief competitors include Yum! Brands, McDonalds, Wendy’s, and Jack in the Box. Yum! Brands are the world’s largest, with 33,000 restaurants in over 100 countries. Four of the company’s highly recognizable brands, KFC, Pizza Hut, Long John Silver’s and Taco Bell, are global leaders of the Mexican, chicken, pizza, quick-service seafood categories. Yum! has a workforce of 272,000 employees and is headquartered in Louisville, Kentucky.

McDonald’s Corporation (McDonald’s) is the world’s largest foodservice retailing chain with 31,000 fast-food restaurants in 119 countries. The company also operates restaurants under the brand names ‘The Boston Market’ and ‘Chipotle Mexican Grill’. McDonalds operates largely in the US and the UK and is headquartered in Oak Brook, Illinois employing 447,000 people.

Wendy’s International (Wendy’s) operates three chains of fast food restaurants: Wendy’s (the third largest burger chain in the world), Tim Horton’s, and Baja Fresh. Wendy’s operates over 9700 restaurants in 20 countries, has been included in Fortune magazine’s list of top 500 US companies, is headquartered in Dublin, Ohio, and employs about 57,000 people.

Jack in the Box owns, operates, and franchises Jack in the Box quick-service hamburger restaurants and Qdoba Mexican Grill fast-casual restaurants and is headquartered in San Diego, California.

Target Markets

The increase in sales of the sandwiches has been a result of decreases in consumer interest in hamburgers and fries and increases in demand for healthier options. Sales of sandwiches are growing 15 percent annually, outpacing the 3 percent sales growth rate for burgers and steaks.

Current Marketing Program

A new breed of restaurant is making big gains against the market-saturated hamburger establishments. Termed “fast-casual,” these restaurants are dominated by Mexican chains, and sandwich restaurants offering fresh-baked breads and specialty sandwiches.

Responding to evolving consumer expectations for health, fresh, custom-made sandwiches; Subway’s marketing program addresses these expectations through a number of approaches. The most notable were the television commercials featuring Jared. These commercials emphasize the healthy aspects of a Subway sandwich by highlighting the 245 pounds Jared lost by eating a Subway sandwich diet. Subway also markets through a national sponsorship in events such as American Heart Association Heart Walks and local events such as triathlons, and children’s sports teams.

The Subway example represents marketing and product strategies that are classic examples of focusing on market demand, consumer trends, product leveraging, and innovation. The marketing strategies of creating clear brand recognition, brand and product association, and market demands, have strategically positioned Subway to advance market share into the near future. These marketing strategies are also repeatable fundamental marketing strategies transcending the fast food market. Does your marketing strategy bind brand recognition to products that support your market’s future direction?



Source by Michael Mccarty

Tags: FastFoodForecastMarketPositioningProductStrategicSubway
Share197Tweet123Send
  • Trending
  • Comments
  • Latest

Desmond inquiry: Lionel Desmond’s case manager at Veterans Affairs begins testimony – Halifax

June 22, 2021

Afghans, Canadian veterans in Alberta fear Taliban takeover will undo years of progress

August 14, 2021

Lionel Desmond inquiry: Veterans Affairs review cites delays, calls for changes – Halifax

June 25, 2021

Hello world!

1

Lady Gaga Pulled Off One of the Best Halftime Shows Ever

0

Barack Obama’s Now Mainly Focusing on Wearing This Casual Backwards Hat

0

MEMBER, STATE BOARD OF EDUCATION DISTRICT 3, VETERANS IN POLITICS ENDORSEMENT INTERVIEWS

June 27, 2022

Ukraine has the HIMARS and is putting them to use

June 27, 2022

Wounded veteran surprised with I-Bot wheelchair

June 26, 2022
198 Veterans News

Own and operated by The Ike Lemuwa Group, LLC a Commonwealth of Virginia Limited Liability Company, USA.
Info@nigeriasmartnews.com / info@ikelemuwagroup.com
Toll-Free: 1 888 642 8433
3821 Dominion Drive Dumfries, Virginia, 22026. USA

Trending News

Troops En Route to Afghanistan Aim to Help Remove Civilians, Pentagon Official Says > U.S. Department of Defense > Defense Department News

Veterans History Project – Byron Williams

Emmaus for Veterans www.e4v.org Wefunder Pitch!!!

Canada’s veterans honoured with personalized banners in Clarington, Ont. community – Durham

Wounded Warrior Returns to St. Louis

Recent News

MEMBER, STATE BOARD OF EDUCATION DISTRICT 3, VETERANS IN POLITICS ENDORSEMENT INTERVIEWS

Ukraine has the HIMARS and is putting them to use

Wounded veteran surprised with I-Bot wheelchair

Veterans Face Another Battle: Getting Hired

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Policy
  • T & C
  • Contact

198 Veterans News - Copyright AllRights Reserved.

No Result
View All Result
  • Home
  • Global Veterans
  • USA Veterans
  • EU Veterans
  • Canadian Veterans
  • Australian Veterans
  • Asia Veterans
  • African Veterans
  • Veteran Supports
  • More
    • Global Veteran Supports
    • Veterans Nonprofits
    • Veterans Sponsors
    • Sponsorship
    • Veteran Blogs
    • Veteran Books
    • VIP videos of Veterans

198 Veterans News - Copyright AllRights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In