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7. Cost with Mike Schumacher
Manage episode 304615364 series 2994574
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Many variables impact the cost of producing disposable hygiene articles and setting the selling price. It can be challenging to put all the logistics together, set a price that consumers will actually pay, keep your business profitable, and never let competitors’ products and their pricing strategies out of your sights. In this episode of “Attached to Hygiene,” host Jack Hughes and Bostik’s Global Product Line Manager Mike Schumacher uncover some interesting aspects of costs, price points to reach business goals, and keeping consumers satisfied.
Highlights include:
- The importance of cost and how this market trend is driven by consumer needs
- An overview of the factors that can influence product cost
- Planning for unexpected variables that affect cost, such as weather events, labour shortages, and tariffs
- Finding the right pricing strategy for your business
- How your trusted suppliers should be able to assist you with cost goals
Recommended Resources
To stay up to date on Raw Material prices and how they impact your adhesive prices, please reach out to your Account Manager, email us at hygiene@bostik.com, or complete the below linked form with your request.
https://page.arkema.com/ProductRequest.html
Contact Mike Schumacher on LinkedIn or by email at hygiene@bostik.com.
Host: Jack Hughes
Music by Jonathan Boyle
Produced and edited by: Jack Hughes with help from Paul Andrews, Michele Tonkovitz and Green Onion Creative.
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