JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Friday, April 4, 2025

KC Confectionery aims for more exports

by

Peter Christopher
1003 days ago
20220624

It has been 100 years since KC Con­fec­tionery start­ed op­er­a­tions as a fam­i­ly busi­ness in Cou­va.

But in the last two years, the com­pa­ny’s re­solve was test­ed more than ever.

KC had evolved from a sim­ple fam­i­ly op­er­a­tion sell­ing Par­adise Plum sweets with­in their com­mu­ni­ty to a ful­ly-fledged com­mer­cial gi­ant in the Trinidad and To­ba­go mar­ket. But in its cen­ten­ni­al year it its tra­di­tion­al streams shak­en by the COVID-19 pan­dem­ic.

“Well the biggest im­pact on KC over the last two years has been a de­cline in sales. And of course, as you know, ma­jor sec­tors of the econ­o­my shut down, which is what re­strict­ed sales and al­so a lot of our chan­nels of sales, es­pe­cial­ly like in schools, restau­rants, the casi­nos, the bars, which were closed, so there was no op­por­tu­ni­ty to sell in those ar­eas,” said the com­pa­ny’s CEO Sat­nar­ine Bachew.

Bachew be­came CEO of the can­dy com­pa­ny ear­li­er this year, and has the chal­lenge of chart­ing a new course for the com­pa­ny as it plots the re­cov­ery from the fall­out of the pan­dem­ic. He ex­plained that de­spite the de­clines in sales, there have been lessons learned and the com­pa­ny’s re­solve has been strength­ened.

“We had to re­struc­ture our strat­e­gy to get in­to the su­per­mar­kets, the phar­ma­cies, what­ev­er on a greater em­pha­sis so that we can keep up with our sales but there was still de­clines be­cause de­mand was low. What this has brought to us is the fo­cus more on niche mar­kets and how we can get bet­ter sales when there are not the mass prod­ucts out there. This is a les­son that we’ve learned over the last few years,” said Bachew.

The com­pa­ny as a re­sult, has placed greater em­pha­sis on its ex­port mar­ket. Bachew ex­plained KC had a sig­nif­i­cant pres­ence out­side of Trinidad and To­ba­go, but the time had come to ex­pand even fur­ther.

“I must say very proud­ly that KC is a net earn­er of for­eign ex­change, and our ex­port mar­kets have worked tremen­dous­ly for us. Al­most 70% of our pro­duc­tion is ex­port­ed and this has brought great val­ue in terms of earn­ing US dol­lars, and we con­tin­ue to ex­pand that area. Cur­rent­ly, af­ter the COVID we are re­vis­it­ing all of our cur­rent ex­port mar­kets to see where the op­por­tu­ni­ties are that we can grow and al­so look­ing at new mar­kets. Es­pe­cial­ly in the US, the UK, we re­cent­ly sent our first ship­ment in­to the UK just Feb­ru­ary of this year. And that is an op­por­tu­ni­ty for ex­pan­sion. Be­cause you know, UK, we know we can ex­pand in­to Eu­rope, which will bring re­al val­ue to us,” he said.

The com­pa­ny has be­gun to see signs of fur­ther­ing its reach. Last Wednes­day it achieved a mile­stone with­in the Cari­com mar­ket, as for the first time KC sent a full con­tain­er of prod­ucts to Grena­da, when tra­di­tion­al­ly its dis­trib­u­tors would on­ly call for less than a con­tain­er.

The com­pa­ny has not been afraid to en­ter un­chart­ed ter­ri­to­ry, ac­cord­ing to Bachew it is the KC spir­it of ad­ven­ture that lead it to be­come a mar­ket leader in can­dy pro­duc­tion and sales in Trinidad and To­ba­go.

“(KC) has al­so been a very cre­ative and in­no­v­a­tive com­pa­ny in terms of the prod­ucts that they pro­duce. They try to blend in the lo­cal cul­ture in terms of some of the prod­ucts that we make and that has gone a long way in cap­tur­ing mar­ket share. It has al­so been a very ad­ven­tur­ous com­pa­ny in terms of ex­pan­sion. In the very ear­ly days, the com­pa­ny was based in Cou­va. It still is but most of its mar­ket was in Cou­va,” said Bachew, “The Found­ing Fa­thers saw the op­por­tu­ni­ty to ex­pand this in­to Cari­com, in­to the US, in­to the UK, in­to Cana­da. And this is what has pro­vid­ed the en­gine of growth for KC over the years. So its cre­ativ­i­ty, its in­no­va­tion, its ad­ven­ture in­to the ex­port mar­ket, to good sales and al­so its care of its peo­ple and the du­ty of care.”

The com­pa­ny has recog­nised, par­tic­u­lar­ly in the wake of the pan­dem­ic that it can not sim­ply ex­pect to re­ly on its tra­di­tion­al streams.

This has prompt­ed the com­pa­ny to be­come a bit more in­no­v­a­tive and ex­plore new lanes to en­sure con­tin­ued suc­cess in its sec­ond cen­tu­ry.

Bachew said, “It’s al­ways search­ing for the new wave and this is where we are right now search­ing for what will pro­pel KC in­to the fu­ture, where the growth is gonna come from and we are putting a lot of em­pha­sis on ex­pan­sion of our mar­kets. The ex­port mar­ket is go­ing to be the key to KC. Be­cause as we know what we call mar­ket is 1.3 mil­lion peo­ple where­as the ex­port mar­ket is a whole world out there.”

He ad­mit­ted that were new chal­lenges posed by the Ukraine Rus­sia con­flict but the com­pa­ny through the ded­i­ca­tion of its staff, many of whom stayed on in spite of chal­lenges dur­ing the pan­dem­ic, KC is push­ing on­ward.

“To our em­ploy­ees who have stayed with us, most of our em­ploy­ees every year for a very long time. And it’s be­cause of the du­ty of care and the love of this com­pa­ny. So we want to say thanks very much and we look for­ward, ea­ger­ly in­tel­li­gence in­to the fu­ture. Al­though there are so many un­cer­tain­ties in terms of es­pe­cial­ly in the glob­al sup­ply chain right now, which is so dis­rup­tive, that you know, the whole ar­rival of spares and raw ma­te­ri­als and every­thing brings the chal­lenge of its own,” said Bachew.

He stressed how­ev­er that it will re­quire a lev­el of ded­i­ca­tion and hard work from the team, but he was con­fi­dent the com­pa­ny would de­liv­er.

“Of course, that is not go­ing to just hap­pen just like that. We have a new prod­uct line that we are work­ing on and that is good to give us the im­pe­tus to get back out there. Plus, of course, be­com­ing more com­pet­i­tive, pro­duc­ing more, ex­pand­ing our op­er­a­tions. And this is where our head­space is. It’s all about growth. We have come to a cer­tain dis­tance over 100 years and the next 100 is go­ing to be even bet­ter,” he said.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored