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Tuesday, January 20, 2009

Evolving Trends In Candy Vending Business

As the candy vending business evolves and emerges onto new grounds, Planet Antares vending operators have been forced to review their plans of the vending business due to changes in key supplier’s programs.

In the recent past, vending operators have already suffered one round of price increases, only to be faced with another one now.

Such a price hike has forced vending operators to rethink their buying plans for candy products. Many of them believe that they cannot raise prices more than they already have, due to the competitive pressure. On the other hand, some of the vending operators have considered larger size bars to allow them to provide greater value for a higher price.

Even though there is uncertainty in the candy vending segment, most vending operators agree that there could be more changes to the candy bar offerings in future since the introduction of the glass front Planet Antares snack/ candy vending machines.

Meanwhile, several vending operators are waiting for price points to go up just a little more before they start offering large sized candy in their vending machines. A good option is to reduce sale of candy in your vending machines by decreasing the candy facings from two shelves to one and a half. This can be a great alternative for businesses where candy is not an important, popular and profitable product.

Remember that some additional cost will be involved in changing candy spirals to larger snack spirals. From a long term view, this cost will be worthwhile for your Planet Antares vending business. At the same time, some snack companies and suppliers are willing to offer incentives in exchange for guaranteed placements.

Eventually you will realize that your profitability will not be compromised with higher priced items. Perhaps a few customers will complain about the rising prices of products. However, the number of such customers has been less than expected and this implies a positive change in customer response towards rising prices.

Undoubtedly, these changes will take time to find acceptance with customers who are used to the previous prices of candy. Still, large sized candy is finding popularity and huge market share and shows potential for great growth and profitability.

By adapting promptly to this trend, your Planet Antares vending business will definitely generate higher returns and more sales.

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