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Manmeet Global Trade Assignment (31 Jan
Manmeet Global Trade Assignment (31 Jan
TABLE OF CONTENTS
Introduction
Outline resources
Conclusion
references
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Northern Brews’ international market expansion into the United Kingdom
INTRODUCTION
In this modern scenario of globalized market, Northern Brews which is a renowned Canadian
coffee brand known for its high-quality, ethically sourced coffee, is considering venturing
With a well-established presence in the Canadian market, Northern Brews is now embarking
on an exciting venture across the Atlantic to introduce its premium coffee products to the
United Kingdom. The United Kingdom, renowned for its thriving coffee culture and diverse
consumer base, presents a promising opportunity for Northern Brews to expand into the
international market. This research brief serves as a vital roadmap for Northern Brews'
aspirations of international expansion, aiming to provide key insights into market dynamics,
cultural intricacies, regulatory requirements, and the competitive landscape. The overarching
objective is to ensure that Northern Brews' premium coffee offerings find a warm and
lucrative reception in the cups of the United Kingdom, thereby enhancing the brand's global
presence.
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Northern Brews’ international market expansion into the United Kingdom
RESEARCH OBJECTIVES
Our main goal is to figure out how well Northern Brews' coffee products can do in the United
Kingdom. We want to know if people there want our coffee, if there's a chance for our
business to grow, and who our potential customers might be. We also want to understand the
challenges and opportunities of entering the UK market, like dealing with competitors,
understanding rules and regulations, and considering the cultural differences that could affect
how we enter the market. By setting these goals, we're making a clear plan for our research.
This way, we can get the information we need to make smart choices about how Northern
There are several strong reasons why we've chosen the United Kingdom as the target market
population making coffee a daily habit. The growing demand for high-quality coffee
Economic Stability: The UK's stable economy makes it an ideal place for business
expansion. A strong economy means people have more money to spend, increasing
Common Language: English is the primary language in both Canada and the UK. This
common language makes it easier for Northern Brews to communicate and enter the
Trade Relations: Canada and the UK have a long history of strong trade relations.
This facilitates the export of Canadian products, including premium coffee. Existing
trade agreements and established supply chains streamline the export process.
Market Research Insights: Initial research shows untapped potential in the UK market
for high-quality Canadian coffee products. This aligns with Northern Brews'
commitment to ethical sourcing and premium quality, which can resonate with UK
consumers.
Geographic Proximity: The relatively short distance between Canada and the UK
simplifies the logistics of product distribution. This reduces transportation costs and
Potential for Growth: With changing consumer preferences favoring premium coffee
experiences, Northern Brews has this opportunity to establish a strong presence and
products, primarily due to their Canadian origin. This bias could potentially influence
my assessment of the market potential for Northern Brews' coffee products in the
United Kingdom. To ensure the objectivity and integrity of our research, steps will be
taken to minimize the impact of this bias. These steps may include involving multiple
subjecting our findings to critical peer review. The goal is to provide an impartial and
RESEARCH BRIEF
unwavering commitment to
Canadian market, Northern Brews now sets its sights on a bolder aspiration: expanding its
global presence.
transcends mere habit and evolves into a sensory experience, Northern Brews contemplates a
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Northern Brews’ international market expansion into the United Kingdom
pivotal move across the Atlantic to introduce its premium coffee products to the discerning
palates of the United Kingdom. The backdrop is set by the United Kingdom's burgeoning
coffee culture, where demand for premium coffee experiences is on a steady rise. For
and become a prominent player in one of the world's most dynamic coffee markets.
Analyzing UK Competition:
Cultural Adaptation:
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Northern Brews’ international market expansion into the United Kingdom
Adjusting Northern Brews' brand and products to align with the cultural
preferences of UK consumers.
Mitigating Risks:
international expansion.
sourced coffee.
To make Northern Brews successful in selling coffee in the United Kingdom, we will do
some important things based on our research. First, we will study the market very well to
understand what UK customers like and want. This will help us make the right products that
people will enjoy. At the same time, we will find partners to help us distribute our coffee, and
we will look at different ways to enter the market to find the best one. We will also check the
rules and cultural things that affect how we sell in the UK, so we follow the laws and match
what people there like. Finally, all this research will help us make a detailed plan, including
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Northern Brews’ international market expansion into the United Kingdom
the steps we need to take, when we need to do them, and how much money we will need.
This plan is essential for us to introduce Northern Brews' premium coffee successfully in the
UK. These steps are like a guide for our expansion strategy, using good research to take
DEADLINE
The research is scheduled to be finalized within a six-month timeframe, with the final report
ESTIMATED BUDGET
The anticipated budget allocated for this research initiative amounts to $50,000 CAD. This
budget allocation encompasses various expenses vital to the success of the project, including
costs associated with comprehensive market research, travel for on-site assessments or
meetings, and consultancy fees to engage subject matter experts as necessary. Efficient
budget utilization is crucial to executing a robust research plan that provides valuable insights
OUTLINE RESOURCES
We will look at detailed reports about other companies selling coffee in the
Working with groups that businesses join will give us more information about
rules, new trends, and the best ways to do things in the coffee industry.
4. Government Papers:
Papers from the government will tell us about the rules for trading, what we
need to do to bring our coffee in or send it out, and other legal things for
We will ask people in the UK about what coffee they like, what they expect,
6. Experts in Culture:
People who know a lot about the UK's coffee habits will help us change our
7. Legal Advisors:
Advisors who know the laws will help us understand and follow the rules
8. Money Experts:
Experts in money will check if it makes sense for us to enter the market,
including how much money we should spend and what risks we might face.
Working with experts in the supply chain will help us figure out the best way
People who have experience in going into new markets will give us smart
ideas to create a plan that will make our entry into the UK market successful.
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Northern Brews’ international market expansion into the United Kingdom
CONCLUSION
the UK market. The research outlines goals, reasons for choosing the UK, and a
budget. Acknowledging potential biases, the plan includes thorough market study,
understanding regulations, and cultural adaptation. The deadline is set at six months,
with a budget of $50,000 CAD. Resources involve market experts, competitor reports,
and customer surveys. This strategic approach ensures a well-informed and successful
international expansion.
REFERENCES
(JOHNSON, 2023)