Looking back at the past two years (2023-2024), what do you consider to be the most impactful innovation or strategic decision that drove La Vie's growth in Consumer Reach Points? And how critical were deep consumer insights in shaping and validating this particular initiative?
Our most impactful strategic moves centred on a three-pronged approach. The first was the relaunch of a meaningfully differentiated brand positioning foundation. Second was the introduction of precisely targeted product innovations. And third, a comprehensive digital transformation aimed at enhancing the consumer experience.
On the product front, we introduced La Vie Vị Dịu Nhẹ – a milder-tasting natural mineral water specifically formulated to appeal to consumers, particularly in the South, who might have found the original mineral taste less familiar. Concurrently, we launched a 19 litre large bottle featuring a built-in tap, significantly simplifying household usage by eliminating the need for additional equipment. These product enhancements were crucial in expanding our reach, making La Vie more accessible to new user segments.
At the same time, what really accelerated our growth was how we used digital innovations to execute personalised campaigns across touchpoints.
We segmented and personalised our communication messages and experience journeys based on lifestyle, behaviours, and other factors. We adopted AI-powered digital innovations to deliver contextually relevant communications, where the brand could offer tailored advice or reminders based on identified consumer needs or emotional states. Using data from our service platforms, we also identified high-potential users and personalised our messaging even further. This not only improved our conversion rates but also cut our acquisition costs by half.
None of this would’ve been possible without solid consumer insights. They helped us design the right products, craft the right messages, and deliver them at the right time to the right people.