Almarai is the largest vertically integrated dairy firm in the Middle East and a premier food and beverage maker and distributor. Its objective is to produce high-quality, nutrient-dense foods and beverages that enrich customers' lives daily. Almarai faces challenges like higher costs of energy and transportation as well as decreased sales due to market contractions and increased competition. It has many stakeholders including corporate and individual shareholders. Almarai can adapt its objectives and respond to changes in the market by strengthening customer relationships and gaining insights into customer demands.
Almarai is the largest vertically integrated dairy firm in the Middle East and a premier food and beverage maker and distributor. Its objective is to produce high-quality, nutrient-dense foods and beverages that enrich customers' lives daily. Almarai faces challenges like higher costs of energy and transportation as well as decreased sales due to market contractions and increased competition. It has many stakeholders including corporate and individual shareholders. Almarai can adapt its objectives and respond to changes in the market by strengthening customer relationships and gaining insights into customer demands.
Almarai is the largest vertically integrated dairy firm in the Middle East and a premier food and beverage maker and distributor. Its objective is to produce high-quality, nutrient-dense foods and beverages that enrich customers' lives daily. Almarai faces challenges like higher costs of energy and transportation as well as decreased sales due to market contractions and increased competition. It has many stakeholders including corporate and individual shareholders. Almarai can adapt its objectives and respond to changes in the market by strengthening customer relationships and gaining insights into customer demands.
vertically integrated dairy firm in the world, as well as the Middle East's premier food and beverage maker and distributor. The Almarai brand has become superior in quality among consumers around the region. they say We live and work by the maxim to provide their consumers with Quality you can trust every day.
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OBJECTIVE OF THE COMPANY Their objective is to produce high-quality, nutrient-dense foods and beverages that enrich the lives of their customers on a daily basis. They are the consumer's chosen choice for outstanding products that suit their demands because they are quality-driven.Continuous enhancement and diversification of offerings across existing categories should be prioritized. To do so, they go through a rigorous research, development, and quality assurance process. As a result, consumers may be confident that our Dairy, Juice, Bakery, Poultry, and Infant Nutrition products have been designed to satisfy their specific requirements.
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CHALLANGES Almarai said the macroeconomic challenges that the firm faced included “structural economic changes” that led to higher costs in energy and transportation.
Also affecting the dairy producer’s topline were the
changes in the retail landscape leading to the closure of more than 3,000 shops, the introduction of VAT, the introduction of the expatriate levy, lower export sales combined with a general slowdown in the GCC markets, the statement said. his general contraction in the market has particularly impacted our discretionary categories,” it added. The dairy, juice and bakery segments saw the most marked slowdown, displaying the greatest sensitivity to the changes in market dynamics, Almarai said “We have achieved moderate volume led growth, but the increase in operating costs, mainly due to input cost of feed, expatriate levy costs and energy and transportation costs together with a high level of promotions and discounting activities led to significant margin erosion,” it added.
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some other challges for al marai is the compateors in the market like al ain being in the same fieald as al marai giving them a chance to copy al marais ideas STAKEHOLDERS Almarai ("the Company") defines its corporate management standards to ensure compliance with best corporate governance practices that protect the rights of shareholders and stakeholders. The Company is committed to the highest standards of corporate governance, born out of its belief that sound corporate governance rules are important for the longterm growth of shareholder equity. These rules are consistent with the Company's commitment to quality in all of its operations, activities and products. As at 31st December 2018 Almarai had 49,076 shareholders. Corporate investors represent 65.8% of the total share ownership, while individual investors represent 34.2%. There are 37 shareholders owning one million or more shares in Almarai, representing 90.3% of the issued shares. The following tables provide an overview of Almarai’s investors
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HOW AL MARAI CAN CHANGE THEIR BUSINESS OBJECTIVES IN DIFFERENT MARKET SITUATIONS.
they can change if market conditions
change for example if the rate of global warming increases they can change their objectives from selling
plastic products into selling in cartons
to make their brand even more
sustainable which can even attract even more customers
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HOW AL MARAI CAN RESPOND TO CHANGE IN SPENDING PATTERNS AND INCREASED COMPETITION IN COMPETITIVE MARKET
keeping solid customer relationships:
they can preserve their market share by guaranteeing that customers only buy from them. to do this they can give out
reward cards in which iwhenevr a
coustoumer is buying there product they get a reward stamp untill they reach enough amount of stamps to resive a prize They can also gain insight into their buying habits and respond to their demands and requirements in order to improve market share.