Private Label Food Manufacturing- A Rational Choice
Unlike previous times, people are more willing to buy national brands nowadays. They feel more attached to the stuff they are buying. They spend ample time choosing the right product. They are health-conscious and hence brand conscious. So, in such times the private label food manufacturing can bring huge success. The private labelling refers to when one company produces the goods and the other company puts the label on the finished product and sells it under their name. This saves the marketing cost for the first company and adds more product lines for the second company. One can usually find the privately labelled products on the shelf of grocery stores. For instance, there are cereal boxes of many companies and some are there with the name of the grocery store on it. This is a private labelling done by the grocery store. The grocery store purchased the cereal boxes from a manufacturer and then stamped its label on the boxes. For a fresher in the business industry, private labell...