Bulletproof the independent natural products channel
Align. Adapt. Act.
The natural products channel is being attacked from a number of different forces at the moment. The industry’s future is at a great fork in the road. We could see new monumental achievements as more people seek to control their health or we could be shutting the doors by failing to compete and succeed in a demanding new world of commerce.
We now find ourselves like David, fighting Goliath. However, we are not just facing one giant, we are facing a multitude: big pharma, big-box retailers, Amazon and other e-commerce giants.
We must ALIGN to protect each other from the forces by sharing time-tested best practices within certain situations.
We must have the staff and partners that allow us to ADAPT to new challenges never seen before that have been brought on by the new and coming digital age.
Retailers must ACT on the changes that are necessary for their business and the industry to thrive. Choosing not to act out of laziness or selfishness has the strong potential for irreparable damage on not only your business but the industry as a whole.
It seems like everyone has jumped on the CBD trend in the last year. Stores are popping up left and right that just sell CBD products, major pharmacy chains have joined in, not to mention all of the health food stores that are carrying it. As exciting as it is to have a new product that is in high demand and provides great amounts of revenue, it’s important to ask the question, “Is hemp a savior for the industry, or is it a life vest?”
It is becoming more and more apparent to retailers we talk to, and even manufacturers, the importance of finding the best brands that are going to support independent retailers in our industry. The time is now to be making a name for ourselves as the experts in our...
Ed has been a bright light in the industry since 1979. Ed is The Holistic Navigator and founder of Nutrition World in Chattanooga, Tennessee. He is very passionate about the longevity of the natural products industry because it has been a phenomenal platform for him to help nearly a million people over the years.
Chase has been in the industry since 2007. Chase’s passion is to see retailers understand their competitive advantages and grow to better serve their communities.