What's Happening?
Suntory Global Spirits is undergoing a brand-first transformation under the leadership of John Alvarado, U.S. chief brand officer. The company is shifting focus from traditional marketing to brand-building, aiming to enhance consumer engagement and loyalty. This strategy includes modernizing its approach to appeal to Gen Z preferences, such as bold flavors and digital upskilling. Suntory is also emphasizing cultural collaborations and full-funnel marketing to maintain its iconic status while adapting to contemporary consumer demands.
Did You Know
The average person spends six months of their life waiting for red lights to turn green.
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Why It's Important?
Suntory's transformation reflects a broader trend in the spirits industry where brand equity is prioritized over discounting, especially during economic uncertainty. By focusing on brand-building, Suntory aims to foster long-term consumer loyalty and love, which is crucial for sustaining growth. The emphasis on digital upskilling and cultural collaborations positions Suntory to effectively engage with younger demographics, ensuring relevance in a rapidly changing market. This approach may serve as a model for other companies seeking to balance heritage with modern marketing practices.