Description:Ã‚Â A few months ago, Eric Helms, the 42-year-old founder and chief executive officer of Juice Generation, a chain of juice and smoothie bars in New York City, wanted to display what he calls Ã¢â‚¬Å“the next big superfruitÃ¢â‚¬Â in his stores. Having bought exclusive import rights to a yearÃ¢â‚¬â„¢s supply of pitaya, a softball-sized fruit that grows from cacti mostly found on the side of an active volcano in southwest Nicaragua, Helms had become the only American purveyor of the fruitÃ¢â‚¬â„¢s pulp. But when he tried to order whole pitayas for his display, he discovered there were none around. Due to fears about fruit flies arriving in the U.S. from Central America, all pitayas had to be pulped and frozen before shipping. So after spending nearly half a million dollars for his new, marquee item, Helms had to settle for Vietnamese dragonfruitsÃ¢â‚¬â€the pitayaÃ¢â‚¬â„¢s Asian cousinÃ¢â‚¬â€as doppelgÃƒÂ¤ngers. Ã¢â‚¬Å“It was crazy,Ã¢â‚¬Â Helms says. Ã¢â‚¬Å“But anyone whoÃ¢â‚¬â„¢s ever been on an international flight understands why I couldnÃ¢â‚¬â„¢t just call up my supplier and ask him to put a few pieces of fruit in the mail.Ã¢â‚¬Â
Date: Sep 06, 2012
Questions for Discussions:
- How does customer knowledge or the absence of knowledge explain the development of this business?
- Why do you suppose people are attracted to this fruit?
- How else could an entrepreneur develop this business?
- What marketing strategies would you recommend?