Nearly 4 in 10 consumers say they would switch to a new brand from a current preferred brand in favor of increased product transparency, and 73% of consumers would be willing to pay more for a product that offers complete transparency, according to a recent survey by Label Insight. The demand for transparency is clear, yet two of the most challenging categories in which to find information are those in which we come in contact the most - food and personal care products.
Many brands are currently deciding how to best approach upcoming changes to the Nutrition Facts Panel. But why update your packaging and product data for the new label and then go back and do it all over again for GMO disclosure? Plus, these are just the two current mandates that are part of a much larger consumer demand for product transparency that will continue to evolve. As brands seek to find the best way to answer this demand, many are choosing to participate in the SmartLabel initiative now to get ahead of the curve. Brands that adopt a "label it once" mindset and embrace a scalable and future-proof solution, such as SmartLabel, will be able to easily update their product data to respond to evolving regulation changes. SmartLabel is not a one-time, band-aid solution. It is a multifaceted, dynamic approach to delivering more complete and accurate information to your consumers while also complying with industry regulations. We thought it would be helpful to share some best practices for getting started with SmartLabel including how to plan for your data, organize your internal resources, prioritize your products, and create high quality SmartLabel pages.
GMO labeling is officially mandatory, and QR codes could become the new standard on the grocery aisle.
Owned brand. Store brand. Private label. Brand X. Typically thought of as generic products of questionable quality, no-frills packaging and basic typefaces, intended only for those on a strict budget. We were loyal to the big, national brands we trusted. Sure, when money was tight, we might have overlooked the stigma of owned brands because of the lower price, but when times got better, we’d return to our favorite national labels. And as the health and wellness trend grew with an ever-increasing focus on natural and organic foods, we willingly paid the price for what we perceived to be superior products and superior brands.
Industry leaders will integrate deep product attribution and QR code technology into their solutions for brands participating in the transparency initiative Label Insight the leading provider of SaaS data solutions that strengthen the connections between CPG brands, retailers and consumers, and Scanbuy, the global leader in mobile marketing solutions, have partnered to enhance their respective end-to-end solutions for helping brands participate in the SmartLabel initiative.
Implementing SmartLabel is no small task for a company. A lot of questions are asked as a brand decides if and how it will participate in this transparency initiative. Do we start with one product, or go live with all products? What product information is most important to consumers? How will we gather this information?
Welcome to SmartLabel™ Leaders, a series of interviews with the leading minds and organizations, brands and service providers fueling the SmartLabel transparency initiative forward.
Your consumers want transparency. They want to know what’s in the products they’re eating and using. As a brand, you want to deliver this information. So when the SmartLabel initiative was announced you rejoiced. A way to conveniently give shoppers access to lots of information about your products? Yes, please!
We recently hosted a webinar with Unilever titled Getting Smart About SmartLabel. Our goal was to share all of the great learnings we gleaned from the launch of the Hellmann’s brand SmartLabel pages. Label Insight Chief Customer Officer Ronak Sheth co-hosted the webinar with Unilever Brand Manager Tracy Shepard-Rashkin. In the spirit of transparency, both shared open, honest feedback about the things that worked, and where bumps in the road arose.
It’s no secret that consumers are demanding more information about the products they use and consume. For brands, this means finding new and better ways to share product details to help inform shoppers’ buying decisions. One such way is SmartLabel. This transparency initiative is aimed at providing consumers with instant, detailed product information.