Alcohol & Beverage

Manufacturers in the alcohol and beverage industry are increasingly facing a saturated market, increased costs, and shrinking margins. Revenue Management Labs helps clients in this industry stay ahead of the competition by driving profitability and market share, identifying and executing on revenue management opportunities, and delivering on business goals.

It is more timely than ever for companies to investigate price increases to keep up with higher input costs. But how can you convince resistant customers to accept an increase? One wrong move can produce costly consequences, as many companies have figured out. With our experience in implementing price increases for clients, we wanted to share four best practices to keep in mind.