Through our insight mining studies, extraction of valuable and actionable insights from large volumes of data or information is made possible. We do insight mining studies by analysing data from various sources, such as customer feedback, market research, social media, and other sources of information, to uncover meaningful patterns, trends, and relationships.
One of the world’s largest wine and spirits seller
Creating understanding of sustainability and its impact on alcohols & spirits
We deep dived into the problem statement and created a detailed understanding of sustainability and its impact on alcohols & spirits.
The research was done in 3 parts.
In the first part, client wanted to gauge insights on how is ‘Sustainability getting redefined in the post COVID world & what it means for Alcohol brands.’ For this – we answered some key questions like How is sustainability perceived in general? How is it perceived by consumers globally? How has Covid-19 changed the definition of sustainability? What are the recent developments around environmental sustainability that may affect alcohol industry? and so on.
In the second part, client wanted to know how is ‘Sustainability becoming increasingly important in travel & shopping & what it means for Alcohol brands in travel retail?’ For which – we focused on key questions like How is sustainability articulated in consumers’ travel context? How is this impacted in the post COVID world? and how are alcohol brands responding to the increased importance of sustainability in travel context?
In the third part, we focussed on ‘Sustainability becoming key to brand purposing and how are brands leveraging the opportunity?’ and on ‘Opportunities for Alcohol Companies to repurpose their brands towards sustainability.’
Our insights were used by the client to redefine their business and become more sustainable in their approach.
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Octagon Insights is a research-based consulting firm that assists mid-sized to large enterprises in discovering and sizing right business opportunities. We not only help our clients discover and deliver essential consumer and market truths that power effective growth strategies, but also help businesses capitalize on profitable opportunities through tailored research and strategic recommendations.
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