LAS VEGAS — Frito-Lay North America, a business unit of PepsiCo, Inc., Purchase, N.Y., sells approximately 18 million units per day. To build sales velocity and advance the company’s financial objectives, Frito-Lay’s marketing team is focusing on serving individual consumers with personal experiences.
Smartphones have changed the expectations of how consumer-packaged goods companies interact with consumers, said Jennifer Saenz, senior-vice president and chief marketing officer for Frito-Lay North America. Ms. Saenz spoke at Information Resources Inc.’s Growth Summit April 18 in Las Vegas.
“It is critical we anticipate consumer wants and needs and understand how technology is changing how people shop,” she said. “What consumers are looking for are personal experiences. Being personal to someone also means we have listened and offered a solution that speaks to them.”
But listening is only one part of the equation. Marketing efforts must also be frictionless and simple, Ms. Saenz said.
“Technology has made us fickle consumers,” she said. “There is little tolerance for slow experiences. In some cases, people are more concerned with saving time than money.”
Successful and frictionless examples she cited include the hotel industry’s offering of digital keys that have streamlined the check-in process, and Amazon Go retail outlets eliminate many aspects of the retail shopping experience.
To understand and respond to consumer interests requires companies utilize data that assess overt and latent personal consumer characteristics and develop marketing ideas that align with a company’s strategic goals.
“This is where the magic happens,” Ms. Saenz said.
Two examples Frito-Lay has executed in the past 12 months that she cited focused on the company’s Cheetos and Tostitos brands. The first was a pop-up restaurant concept the company created called The Spotted Cheetah.
“Through social listening we learned Cheetos was being used as an ingredient,” Ms. Saenz said. “We were seeing it everywhere, in salads, sushi, etc. We took that inspiration and created a restaurant concept where all of the dishes used Cheetos as an ingredient.”
The company partnered with a celebrity chef, promoted the concept through social media, and opened the pop-up restaurant during New York’s restaurant week. When reservations for the dining experience became available, all 500 seats sold out in less than 7 hours and there was a waiting list of 8,000 people.
To capitalize on the consumer interest, Frito-Lay created a downloadable book that featured recipes of all of the dishes served at the pop-up restaurant. Between the social media interest, physical venue and e-recipe book, Ms. Saenz estimated the brand received more than 4 billion digital impressions.
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