Project Title: Evaluation of the BevAlc e-commerce competitive space
ReserveBar LLC
| Details | |
|---|---|
| Project Title | Evaluation of the BevAlc e-commerce competitive space |
| Project Topics | Growth Strategy Mergers & Acquisitions |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity |
The Current Challenge:
Over the last decade the online, DTC BevAlc business has been slowly plodding along with pockets of success in wine. This governor of growth has been largely due to regulation. But recently, in the last few years, with changes in the laws and COVID, the space has not only grown exponentially (with new entrants and revenue potential) but also a sifting out of top players, smaller participants with unique value propositions, specialties, etc. Growth and consolidation of the category will be part of the future. For ReserveBar to continue to grow and be a competitive leader in the space, we need to have a full understanding of all the category participants (across spirits, wine, beer, hard beverages, etc). Additionally there will be other entrants that are broader like Instacart, gopuff, Grocery Store enterprises and Big Box/Club retailers to consider.
Activities/Action Items Suggested by Industry Mentor:
-Research online BevAlc space Eg. Boucard Nesin from Rabobank
-Develop comprehensive competitive participant mapping
-Identify potential new entrants
-Identify potential strategic acquisitions or partnerships for ReserveBar
-Develop SWOT analysis among top competitors and ReserveBar
Goal/Project Success for Industry Partner:
Complete research documentation to understand where ReserveBar sits against competitors, potential ReserveBar opportunities for acquisitions and partnerships for continued growth.
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| Project Synopsis: Activities/Actions Required | |
| Project Synopsis: Expected Results |
Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
|
Program Kickoff |
Mar 30 2022 | Event |
|
Upload Final Deliverable |
Aug 04 2022 | Submission Required |
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Project Intro Presentation & Project Working Session |
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Debrief with ReserveBar's Leadership |
Program Managers
| Name | Organization |
|---|---|
| Alex Markle | Fordham University |
| Chakshu Mittal | The International Accreditation Council for Business Education (IACBE) |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| No Teams Available |
