Global Marketing Essay

Sinar Sosro Private Limited is the first company that introduced bottled jasmine teatime to the public in Indonesia in the year 1940. The family started their wrinkle in fundamental Java, Indonesia which then expanded their market to Jakarta, Indonesia. Initially, the jasmine tea was brewed on the percentage point and served to the consumers. However, after they expand their market to Jakarta, they realize that the consumers find the tea that was brewed on the spot find the drink is too hot to be consume.Thus Sosro hang out with a new strategy, the bottling system of rules. In 1970, they came out with the first practice of the bottle where tea was pre-brewed and bottled when it was cooled down and thus sell it to the consumers. The design of the bottle changed again in 1972 and 1974, which the latter design was used till now. Today, at that place are 4 different products which are under Sosro Logo. They are Bottled Sosro tea, Sosro increase tea, Sosro Teabag and Sosro Joy Gr een Tea.In addition to the local market, Sinar Sosro had to a fault penetrated to the oversea market mainly by exporting their products in Tetra Pak and push aside packages to several(prenominal) countries much(prenominal) as Malaysia, capital of capital of capital of capital of capital of capital of capital of Singapore, Brunei Darussalan and several countries in the Middle einsteiniumern countries, Africa, Australia and unify States. In this report, I will be investigating and analyse the opportunities pull with in Singapore for Sosro brand product which is the Sosro Teabag which comes from Indonesia. ENVIRONMENTAL ANALYSIS OF capital of SingaporeSingapore is known as one of the best province in the world for having the suit fitting environs for line. locate at the crossroads of the world-wide trade routes, it is a constant top survival by multinationals governance to invest their money in. Singapore is known as a multi-cultural country with its diverse ethnic group, thus the varieties of cuisines are always in neediness. fare and Beverage fear is one of the major business in Singapore and there is always a market for investors under this sector.Below, we will be analyzing the environment of Singapore and it is chosen to be the destination of the product. GEOGRAPHIC Located in the central of South East Asia, Singapore has one of the major advantages in doing business through their sea routes. The approachability of the outside(a) and national transportation as well as the natural seaport had allowed Singapore to be one of the important hubs in the international trading. Changi Airport, the international aerodrome of Singapore allows the country to connect with more than 180 countries in the world.This status allows them to easily rile to all the premier Asian market. SOCIO-CULTURAL / PEOPLE With a population of more than 4 million mass including expatriates, Singapore is a densely populated island with different races of people livin g harmoniously together. The people are the main drive behind most of the brass decisions which charter to provide a better life for the people. With a population evolution rate of 3. 1% in 2009, the literacy rate of the population comes up to 95% in total contributes to the economic boom in Singapore.The increase of the population plays a major part in the increase of the demand oddly in the manufacturing field. Singapore is a knowledge based country, thus explained the passing educated people in the country. According to the Labor Force rating Measurement report, Singapore has the best labor force in the world. some of them suck high productivity, technical proficiency, work hard and work alacrity culture. With pros coming from all over the world, they bring extensive knowledge and professional expertise as well as experience which also contributes to the upbeat of Singapore.The distribution channels for the food and beverage industry in Singapore can be divided into tw o main sectors. They are through retailers (includes wet markets, shopping malls, and supermarkets) and food services (e. g. hotels, restaurants, airlines). When it comes to distributing the products, many of them are controlled by local suppliers and their agents. Many of the channels prefer to purchase the products directly from the suppliers if they have large rig quantity, for example, NTUC Fairprice and Cold Storage.However, for those who have a smaller order quantity will purchase their products from reliable suppliers. INFRASTRUCTURE Constant upgrading of the countrys infrastructure, Singapore remains as one of the most seek after country by investors to do their business. It is also ranked as Asias top convention city which had hosted some of the worlds most prestigious events. Depending on the size or nature of the business, investors can choose to send up their operations in an industrial/business park, own establishments or move into a readily available moneymaking(pr enominal) establishings.As it is a technology savy country, Singapore tries to use technology to build up their efficiency and approximately 99% of the population have glide path to internet broadband network. POLITICAL / LEGAL Singapore political system is one that depicts laws, decides priorities and sets regulations using a rational and pro-business approach. It have a lot of bringing the country to the front line of the industrialized nations with its stable and cleanly governance. Singapore government emphasizes its efficiency and effectiveness in every locomote of life.As it is run with integrity and transparent, investors can set up their business in an efficient manner without any hassle, bureaucratic delays or the need to pay corrupt officials. According to World Banks report, Singapore is rated strongly for government effectiveness, regulatory quality and control of corruption. Singapore government reviews their policies and programmes and takes extreme measure to re store their economy back to stable as quickly as possible if they come upon economic crisis.Development of Singapore laws reflect and awareness of the need to recognize and accommodate the investors with their current international business and commercial practices. As there are clear-cut laws regarding workings hours, minimum wages, industrial protection and revenueation, Singapore makes an attractive place for investors to set up and operate their businesses. ECONOMY unrivalled of the major reasons of doing business in Singapore is the economic factor. Being a member of ASEAN (Association of South East Asia) and FTA (Free Trade Agreement) allows Singapore to be of the best destination to do their business.As part of the member of FTA, Singapore had signed an agreement on the harsh Effective Preferential Tariff (CEPT) scheme on 28 January 1992 which aims to rule out tariffs and non-tariff barriers in the region. Other than Singapore, countries who are part of the ASEAN had als o signed the agreement. Investors also enjoy a range of benefits such as preferential access to certain sectors, attractive value regime, liberal immigration policies and intellectual retention protection. Taxes are always an important factor that all investors take into consideration.One of the unique advantages of Singapore is that they have low corporate taxes. Companies that earn realize up to SGD 300,000 are imposed with 9% tax and it is capped at 18% for the amount more than that. Furthermore, Singapore follow a single-tier tax policy which means investors will be able to receive dividends tax free. In order to move away from direct taxes, Singapore government have adopted a more broad based utilisation tax which is known as Goods and Services Taxes (GST) which is 7%. Intellectual blank space Protection is taken seriously in Singapore.Investors or companies are able to register their assay-marks in Singapore and also to apply for global trademark registration. In order to promote their economy, Singapore government had also realised few programmes which is to assist investors to improve the efficiency and explore new opportunities. The availability of loans, grants and tax incentive as well as equity finance gave many investors the reason to invest in Singapore. COMPETITORS As all the training above mentioned, we know that the industry of food and beverage in Singapore is a thriving business.Thus there are many companies that brought in their products to the country. In the current market, there are many competitors that bring in their product. Using our product as a category, we have tea brands such as Lipton, Dilmah, Twinnings, Boh Plantations tea and many others as our competitors. CONCLUSION After analyzing the environment of Singapore, we realize that there are many opportunities that can be explored by the company for our products. With the correct strategy and right marketing strategy, we will be able to have a competitive advantage agains t other competitors and shed our brand to the front.Looking at the economy of Singapore and how the government make decisions with the pro-business attitude, we believe that Singapore will be a good choice of location to invest the product. REFERENCES 1. EDB Singapore (2009), Singapore Facts and Figures, July 24 2010 http//www. fta. gov. sg/benefit. htm 2. FTA Singapore (2008), Benefits of FTA, July 24, 2010 http//www. fta. gov. sg/benefit. htm 3. boil down Singapore (2009), Business Opportunities, July 27, 2010 http//www. focussingapore. com/singapore-industry/business-opportunities. tml 4. Guide Me Singapore (2008), Advantages of Doing Business in Singapore, July 25, 2010 http//www. guidemesingapore. com/business/c643-singapore-business-setup-benefits. htm 5. Kotabe, M. and Helsen, K. (2008) Global Marketing Management, John Wiley and Sons Inc. United States of America 6. Sosro (2008), Company Profile, July 23, 2010 http//www. sosro. com/sejarah-bisnis. php 7. Statistics Singapo re (2007), Latest Data, July 24, 2010 http//www. singstat. gov. sg/stats/latestdata. html