23 December 2022
Dear Reader, This year has been a year of marked progess and incremental growth in comparison to the previous year. Early into Q1, we began officially trading with Fergie’s Sparkling Water ® and have been garnering sales throughout the year. Between late Q2 and mid Q3 , we encountered challenges and hinderances in involving our marketing campaign impeding us from fully capitalising upon the double heatwave that swept through the UK in the Summer. Due to thte unwelcomed impact, we have parted ways from the responsible marketing firm that oversaw our campaign during the periods of the aforementioned quarters. New marketing partners have been identified for 2023. Despites seeing sales and an increase in social media follwers across all platforms, we have had to contend with difficult macroeconomic factors. The leading macroeconomic factor has indeed been the steep rise in inflation, exacerbated by the Russia-Ukraine conflict in March of this year leading to soaring commodity prices affecting businesses, families and individuals alike. As a result of this, the UK, amongst other countries in Europe, are enduring a cost of living crisis. In relevance to our sector, for Fergie’s Sparkling Water ® , grocery shopping (food) inflation currently stands at 14.6% (down 0.1%, 6 Dec 2022), significantly higher than this time last year’s recorded at 4.2%. To combat this inflationary environment we have decided on two courses of action. Firstly, we have opted not to engage in cost-push inflatuion from our end, which would see us pass the additional cost onto the consumer. This is clearly demonstrated by us not levying a delivery charge on the customer’s orders. Secondly, we have offered small sample packs and have revised and reduced our prices across our current SKU (flavours/lines) which now includes multiflavour packs. These practices have created new customers, returning customers and prospective customers. Regarding the later, we have seen an increase in orders left at the basket checkout (a common practice observed by e-commerce merchants and retailers). We would prefer to convert these incompleted orders to sales. We shall indeed concentrate attention and focus on this practice and these prospective customers in the coming year. Aside from opening achievements and current challenges, we have achieved milestones on a marketing and parternship front this year. In mid Q2 we were part sponsors of a well known health conference with leading dietician and nutritionist . We will explore the possibility of sponsoring this event again. In addition to this come Q1 of 2023 we will be sponsoring a University Netball Team Club for the second half of their season. We intend for this to be a promising promotional endeavour. Whilst forming sponsorship links we enagegd in our first out-of-home (OOH) marketing campaign in a thriving and bustling area within the city of London. This achievement and opportunity allowed us for to showcase our distinctive golden cans and unique and delicious flavours to passers-by in the capital. Again, we aim to incorporate this form of marketing into future marketing campaigns. Rounding up on positive fronts, the final preparations are being made towards the end of Q4 following the better articulation of our product portfolio and strategy heading into 2023. On behalf of the company I am filled with much confidence and optimism as to what lies ahead for 2023. Overall, 2022 has provided an additional 12 months that have served as an invaluable learning curve. Both in evaluation and identification and better yet, realization. And come the end of this year we realize the necessity and central importance of securing funding in 2023. I believe my confidence and optimism are not misplaced surrounding the current potential and awaiting achievements of this company. For, if we can successfully complete our next round of funding and secure sufficient capital investment, it would serve as both fuel and vehicle to propel our commercial ambitions and endeavours. Nnadi’s Healthcare & Pharmaceuticals aspires to make its contribution to the gauntlet and satellite challenges that have arisen following the aftermath of the COVID-19 pandemic and subsequent scrutiny of the pharmaceutical industry. Given our stance towards the current perception of the pharmaceutical industry and our intended efforts to a propose remedy to the heightened scrutiny through Nnadi’s Healthcare & Pharmaceuticals’ operating model, hence there has not been a more enticing time to be involved in this sector. Nnadi’s Healthcare & Pharmaceuticals will strive to be among those enterprises, big and small, who wish to use all their efforts in tackling the challenges and seizing the opportunities that lie ahead in this field. Again, our ambition can only be realized with the necessary capital to fortify and grow based on what we have achieved so far. In closing, and returning to current matters, I would like to take this time to thank you for reading this and subsequent articles we have posted this year. I would like to thank all those who have supported and offered advice to bring us this for. And finally, above all else I would like to thank our customers who have invaluable not just in support through purchase, but in patience too. I would like to wish you and you a very Merry Christmas and a happy and prosperous New Year. May 2023 be a year of achivements and delivery for you as I hope it will be for Nnadi’s Healthcare & Pharmaceuticals. Kind Regards, Sonny Ume Founder & Managing Director Nnadi’s Healthcare & Pharmaceuticals Ltd.