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BIOCHAR BRIQUETTE FEASIBILITY STUDY BARD MBA IN SUSTAINABILITY TEAM MEMBERS: JACQI ROSE JUZER RANGOONWALA KERRY SINCLAIR SARAH BODLEY TONY NOGALES MAY 9TH, 2014

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 BIOCHAR  BRIQUETTE  FEASIBILITY  STUDY    

 

BARD  MBA  IN  SUSTAINABILITY  TEAM  MEMBERS:    

JACQI  ROSE  

JUZER  RANGOONWALA  

KERRY  SINCLAIR  

SARAH  BODLEY    

TONY  NOGALES    

MAY  9TH,  2014  

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

2  

   

 

 

 

EXECUTIVE  SUMMARY  ....................................................................................................................  3  

PART  I:  MARKET  SEGMENTATION  ..................................................................................................  4  

PART  II:  DISTRIBUTION  STRATEGY  ..................................................................................................  7  PART  II-­‐A:  NEAR-­‐TERM  DISTRIBUTION  STRATEGY  -­‐  CSA  PARTNERSHIP  ...................................................  7  PART  II-­‐B:  LONG-­‐TERM  DISTRIBUTION  STRATEGY  -­‐  RETAIL  MARKET  .......................................................  9  PART  II-­‐C:  LONG-­‐TERM  DISTRIBUTION  STRATEGY  -­‐  RESTAURANTS  .......................................................  12  

APPENDICES  ..................................................................................................................................  13  APPENDIX  A:  NATURAL  MARKETING  INSTITUTE  REPORT  ......................................................................  13  APPENDIX  B:  NYC  DEMOGRAPHICS  DATA  (CENSUS)  ..............................................................................  14  APPENDIX  C:  COMPETITIVE  PRODUCTS  .................................................................................................  15  APPENDIX  D:  CSAS  ..................................................................................................................................  16  APPENDIX  E:  RETAILERS  .........................................................................................................................  17  APPENDIX  F:  RESTAURANTS  ...................................................................................................................  23  APPENDIX  G:  ADDITIONAL  FACTS  AND  RESOURCES  ...............................................................................  26  

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

3  

EXECUTIVE  SUMMARY    The  following  report  is  a  feasibility  study  for  Community  Development  International’s  (CDi)  biochar  briquette,  and  its  introduction  into  the  New  York  City  (NYC)  marketplace.        CDi’s  focal  areas  are  Community  Building,  Sustainability,  Advocacy,  and  Health  &  Wellness.  CDi  needs  a  steady,  dependable  revenue  stream  to  fund  its  several  projects  related  to  their  focal  areas,  including  the  “Hygiene  &  Sanitation”,  “Organic  Agriculture”,  “Alternative  Fuels  &  Clean  Cook  Stoves”,  “Miles  of  Trees  Reforestation  Campaign”,  “Farmer  to  Farmer  Exchange”,  and  “Social  Enterprise  Incubation”.  These  are  designed  to  be  mutually  reinforcing  and  to  relate  local  sustainability  issues  to  their  global  interdependencies  through  tangible  community-­‐based  projects  and  exchanges.  CDi  has  an  innovative  biomass  briquette  solution  that  may  help  establish  a  revenue  stream.  CDi  engaged  the  Bard  MBA  in  Sustainability  team  to  conduct  a  feasibility  analysis  for  a  potential  market  for  the  briquettes,  and  subsequently  analyze  the  related  logistical  considerations  of  supply  chain  and  production  planning.    This  analysis  took  into  account  the  population  of  NYC,  the  charcoal  briquette  market  as  it  exists  today,  the  lifestyles  and  habits  of  our  target  consumer  and  the  distribution  channels  that  are  a  best  fit  to  access  the  target  consumer.    Following  our  analysis  and  evaluation  of  the  charcoal  briquette  marketplace  we  have  determined  three  recommendations.  First,  that  the  market  does  exist  for  an  artisanal,  socially  aligned  biochar  briquette,  and  the  target  market  to  pursue  is  household  grillers.  Second,  that  CDi  should  partner  with  a  local  farm  to  distribute  briquettes  through  CSA  shares.  Finally,  we  recommend  that  CDi  delay  entry  into  other  distributions  channels  until  operations  can  scale.   In  the  following  pages,  we  explain  our  methodology  in  reaching  these  conclusions,  and  include  additional  supporting  resources  and  reference  materials.          

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

4  

PART  I:  MARKET  SEGMENTATION  

The  objective  of  this  section  is  to  provide  CDi  an  estimate  of  a  target  market  for  their  charcoal  product.    We  start  by  determining  the  total  addressable  market  for  household  charcoal  grilling  in  the  specified  target  area.    We  define  household  grilling  as  families  that  enjoy  outdoor  grilling  at  home  and  those  that  avail  facilities  at  public  parks  for  their  grilling  needs.    We  then  narrow  our  market  size  based  on  the  qualities  of  the  CDi  product  and  the  behaviors  of   our   target   customer   base.     For   the   purposes   of   this   exercise   we   will   assume   the   marketable   CDi   product  properties   to   be   artisanal,   all   natural   biochar   briquette   with   an   underlying   social   cause   associated   with   the  resulting   revenues.     The   target   area   includes   the   five   NYC   boroughs;   additionally   we   will   include   data   for   the  adjacent  counties.      

The  analysis  was  conducted  in  the  following  steps  as  presented  below:  

1. Households  with  Grills  –  we  use  two  different  methods  to  determine  all  households  in  our  target  area  that  have  charcoal  grills.    We  will  use  the  lower  number  as  a  conservative  approach.  

2. Total  Addressable  Market  –  we  use  marketing  data  to  narrow  our  potential  customer  base  to  those  who  find  the  artisanal  all  natural  and  related  social  cause  appealing.  

3. Potential  Market  Size  –  we  use  estimates  for  market  penetration  and  conversion  rates  to  size  the  potential  CDi  briquette  market.  

4. Potential  Sales  Volume  –  we  use  volume  estimates  to  determine  the  annual  potential  sales  volume.  

5. Revenue  projections  –  we  use  competitive  products  pricing  to  provide  an  annual  top  line  revenue  range  estimate  

MARKET  ESTIMATES  

1. HOUSEHOLDS  WITH  GRILLS  

SURVEY  METHOD  –  NYC  635K  HOUSEHOLDS,  ADJACENT  COUNTIES  442K  HOUSEHOLDS  

According  to  the  24th  Annual  Weber  Grill  Watch  survey1  62%  of  American  households  own  a  grill,  and  51%  of  those  are   charcoal   grills;   which   means   31.62%   American   households   own   charcoal   grills.   A   survey   of   25K   American  households   by   Statista2  indicates   that   32.6%  American   households   use   charcoal   to   grill.    We  will   use   the   lower  31.62%  for  our  calculations  going  forward.    

US  Census  data  shown  in  Appendix  B  include  the  number  of  households  in  the  NYC  and  adjacent  counties  region.    These  are  households  with  income  in  the  $25K  to  $150K  range.    Applying  the  percentages  from  above,  we  get  635K  households  in  the  5  NYC  boroughs  and  additional  442K  households  in  the  adjacent  counties.  

                                                                                                                                       1  http://weber.mediaroom.com/index.php?s=41&cat=1    2  http://www.statista.com/statistics/275456/us-­‐households-­‐usage-­‐of-­‐charcoal/  2  http://www.statista.com/statistics/275456/us-­‐households-­‐usage-­‐of-­‐charcoal/  

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

5  

Addressable  Market  Households  

19%  LOHAS  Consumers  

Potenoal  Customer  Base  :  

60%  Supporong  Social  Causes  

GRILLS  SHIPPED  METHOD  -­‐  NYC  595K  HOUSEHOLDS,  ADJACENT  COUNTIES  407K  HOUSEHOLDS  

The   table   below   shows   the   number   of   charcoal   grill   shipments   by   year   as   published   by   the   Hearth,   Patio   and  Barbeque  Association  (HPBA).3    We  assume  the  average  life  span  of  a  charcoal  to  be  5  years,  which  is  conservative.    Based  on  that  assumption,  the  total  number  of  active  grills  in  use  today  would  be  the  sum  of  grills  shipped  in  the  past  five  years.      

    2009   2010   2011   2012   2013   Total  

Charcoal  grill  shipments  

                 6,164,000    

                 6,232,500    

                 6,047,000    

                 5,917,000    

                 600,000*    

                 24,960,500    

To  Northeast4   16.10%   14.80%   18.40%   16.40%*   16.40%*      

Charcoal  grills  shipped  to  NE  

                         992,404    

                         922,410    

                 1,112,648    

                         970,388    

                     98,400    

                     4,096,250    

*  Average  of  previous  years  used  since  actual  data  not  available  

Northeast   United   States   as   designated   by   the   US   Census   has   a   combined   population   of   55,317,240.     Using   a  straight  population  ratio  between  the  Northeast  and  our  target  areas,  an  estimate  of  charcoal  grills  active  in  NYC  5  boroughs  will  be  about  595K  and  another  407K  in  adjacent  counties.  

2. TOTAL  ADDRESSABLE  MARKET  –  NYC  68K  LBS;  ADJACENT  COUNTIES  46K  HOUSEHOLDS  

Using  the  conservative  of  the  two  numbers  from  the  above  two  scenarios,  our  total  addressable  market   is  595K  households  with  charcoal  grills   in  the  5  NYC   boroughs   and   an   additional   407K   in   the   adjacent   counties.    According  to  the  National  Marketing  Institute’s  (NMI)  2007  report  (See  Appendix   A),   19%   of   those   would   fit   into   the   consumer   category  known  as  “Lifestyles  of  Health  and  Sustainability,”  or  LOHAS,  and  of  those   60%   are   likely   to   support   businesses   with   social   causes.    Applying  those  two  percentages  would  give  us  households  that  own  charcoal  grills  and  who  are   likely   to  be   influenced  by  our  product.      Our  potential  customer  base  is  about  68K  households  in  NYC  and  an  additional  46K  in  the  adjacent  counties.  

                                                                                                                                       3  http://www.hpba.org/statistics/barbecue-­‐statistics/bbq-­‐grill-­‐shipments    4  http://www.homechannelnews.com/article/barbecue-­‐grills-­‐numbers    

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

6  

3. POTENTIAL  MARKET  SIZE  (HOUSEHOLDS):  NYC  516-­‐1418;  ADJACENT  COUNTIES  353-­‐970  

Once  the  total  addressable  market  was  established,  we  apply  two  filters  to  determine  the  potential  market  size  for  CDi.    First   is  a  market  penetration  rate,  which  is  a  measure  of  CDi’s  ability  to  reach  its  potential  customers.    This  rate  will  depend  on  CDi’s  overall  market  distribution  strategy,  channel  strategy  and  investment.    For  the  purposes  of   this   analysis,   we   were   able   to   determine   a   range   using   the   following   methodology.     According   to   the  Department   of   Agriculture,   there   are   about   828   grocery   stores   in   the   five   NYC   boroughs.5     There   are   about   31  potential   retailers   we   reviewed   that   would   align   to   CDi’s   artisanal   product   genre   and   social   mission   based  approach,  which  gives  us  a  penetration  ratio  of  about  4%.    On  the  other  hand,  if  we  use  the  number  of  CSA  drop  points  as  a  representative  number  of  CDi’s  market  reach,  we  get  11%  penetration  rate  using  the  number  of  drop  points  of  the  one  recommended  CSA  (with  9  drop  points)  over  the  total  of  number  of  drop  points  of  all   the  Just  Food  CSAs  serving  NYC  (85  total  drop  points).    The  second  filter  is  the  conversion  rate  which  represents  the  ratio  of  people   in  our  target  who  will  actually  spend  their  money  and  make  the  purchase.    We  conducted  a  non-­‐random  survey  of  the  BARD  MBA  community  who  can  be  classified  as  the  LOHAS  segment.    52%  of  the  respondents  agreed  to  pay  more  for  a  product  with  environmental  and  social  benefits,  and  37%  would  pay  $1  more  for  these  products;  these  two  statistics  give  us  a  19%  conversion  rate.    Applying  the  two  filters  gives  the  potential  market  size  of  516  to  1418  households  in  NYC,  and  353  to  970  households  in  adjacent  counties.  

4. POTENTIAL  SALES  VOLUME:  NYC  25K  TO  70K  LBS;  ADJACENT  COUNTIES  17K  TO  48K  LBS  

The  HBPA  estimates  that  on  average  each  household  barbeques  about  20  times  in  a  season.6    Assuming  an  average  usage  of  5  lbs.  of  charcoal  every  grill  event,  the  average  usage  per  household  would  be  100  lbs.  per  grilling  season.    The  HPBA  estimates  68%  of  all  charcoal  shipped  to  be  briquettes;  the  rest  is  lump  charcoal.    Of  the  briquettes,  73%  are  regular  briquettes;  the  remaining  are  instant  light  briquettes.    The  behavioral  aspects  of  our  potential  market  base  would  not  use  the  chemical  laden  instant  light  briquettes,  so  we  stay  on  the  conservative  side  by  eliminating  that   27%  market   share.     Factoring   these   numbers   the   total   volume   projections   per   season   for   an   artisanal,   all  natural   charcoal   briquette  with   a   social   cause  would   range   from   25,000   to   70,000   pounds   in   NYC   and   another  17,000  to  48,000  pounds  in  adjacent  counties.  

5. ANNUAL  TOP  LINE  REVENUE  ESTIMATES:  NYC  $19K  TO  $105K;  ADJACENT  COUNTIES  $13K  TO  $72K  

Using  the  potential  sales  volume  numbers,  we  can  now  estimate  the  annual  potential  top  line  revenue  estimates.    A  competitive  products  analysis  (see  Appendix  C)  revealed  a  price  point  range  from  $0.57  for  the  Whole  Foods  365  Real  Hardwood   charcoal   brand,   to   $1.51   per   pound   for   the   all  Organic,  made   in   the  USA  Big  Green   Egg   brand.    Considering  the  artisanal  and  social  cause  alignment  of  CDi’s  product,  a  retail  price  range  of  $0.75  to  $1.50  would  be   reasonable   depending   on   the   sales   channel,   packaging   volume,   and   a   detailed   cost   analysis.     The   estimated  annual  top  line  revenue  estimate  ranges  from  $19,000  to  $105,000  for  NYC,  and  an  additional  $13,000  to  $72,000  for  adjacent  counties.  

 

                                                                                                                                       5  http://www.nyc.gov/html/nycfood/downloads/pdf/ll52-­‐food-­‐metrics-­‐report-­‐2013.pdf    6  http://static.hpba.org/fileadmin/factsheets/bbqFAQ.pdf    

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

7  

PART  II:  DISTRIBUTION  STRATEGY  

The  following  section  outlines  three  channels  of  distribution  explored:  Community  Supported  Agriculture  (CSA)  Partnerships,  Retail/Grocery  outlets,  and  Restaurants.  Our  findings  indicate  that  the  best  strategy  is  to  begin  by  establishing  a  partnership  with  a  CSA,  and  in  the  long-­‐term,  consider  pursuing  restaurant  and  retail  channels,  with  caution.    

Omitted  channels  are  not  described  in  detail  in  this  report,  but  are  summarized  here:    Farmers  Markets:  we  ruled  out  farmer’s  markets  due  to  their  extremely  stringent  guidelines  on  product  types  and  local  production.7  However,  if  CDi  is  able  to  establish  a  connection  with  a  local  farm  that  can  either  sell  on  CDi’s  behalf,  or  produce  biochar  briquettes,  this  may  be  a  viable  avenue  to  explore.  There  are  currently  very  clear  rules  prohibiting  this  type  of  product,  so  a  strong  case  would  need  to  be  made,  and  a  partner  farm  in  good  standing  would  certainly  help.    Camping  retailers:  we  ruled  these  out  quickly  because  there  are  only  2-­‐3  reputable  retailers  in  NYC  area,  and  they  are  large  chains  (REI,  EMS)  that  would  involve  challenges  with  corporate  barriers  to  entry.  Again,  this  may  be  something  to  explore  once  CDi  has  a  well-­‐established  production  line,  but  not  something  we  recommend  currently,  or  in  the  near  future.    Street  Cart  Vendors  were  ruled  out  early  on,  upon  learning  that  they  primarily  use  propane,  and  are  mostly  concerned  with  low  costs,  due  to  their  typically  very  low  margins.      

PART  II-­‐A:  NEAR-­‐TERM  DISTRIBUTION  STRATEGY  -­‐  CSA  PARTNERSHIP    According  to  University  of  Kentucky  research,  CSA  customers  generally  fall  into  two  categories,  Upper-­‐middle  class  consumers  with  above-­‐average  incomes  and  some  interest  in  buying  higher  quality  or  local  food,  and  consumers  valuing  the  idea  of  local  food  enough  to  invest  a  substantial  amount  in  it  for  an  entire  season.  Some  customers  will  be  extremely  interested  in  the  farm  and  the  way  crops  are  grown.  Others  will  be  more  concerned  with  the  end-­‐quality  of  the  produce,  product  diversity  and  the  freshness  of  the  product.  These  descriptions  fit  well  into  the  LOHAS  market  segment  that  we’ve  targeted  as  the  best  consumer  for  CDi’s  biochar  briquettes.8      Another  added  bonus  of  the  CSA  community  is  that  they  are  comfortable  taking  suggestions  from  their  local  farm.  They  trust  the  farm’s  judgment.  In  many  cases,  farms  provide  recipes  and  tips  to  their  customers,  especially  at  the  beginning  and  end  of  the  season  when  shares  contain  more  unfamiliar  products  like  beets,  turnips  and  kale.  Farms  also  send  out  newsletters  and  weekly  emails  to  their  customers.  Information  on  CDi,  how  to  use  biochar,  what  the  biochar  is  made  of,  and  even  updates  on  the  Haiti  projects  could  easily  be  included  in  the  farm’s  regular  emails  and  newsletters.      In  2014,  over  43,000  people  will  receive  food  through  a  New  York  City  CSA.  This  market  includes  over  28  farms  that  service  84  drop  points.  With  such  a  large  selection,  where  should  CDi  start?      Just  Food  is  a  non-­‐profit  organization  that  connects  communities  and  local  farms  with  the  resources  they  need  to  make  local  food  accessible  to  all  New  Yorkers.  They  have  helped  farms  launch  CSAs  in  NYC,  as  well  as  aggregated  a  map  of  CSAs  so  that  consumers  can  find  the  CSA  drops  nearest  their  homes  or  offices,  for  easy  pick-­‐up.  Using  their  data,  we  compared  the  number  of  drop  points  for  each  CSA  to  the  number  of  boroughs  that  each  services.  Each  farm  is  represented  separately  in  the  graph  in  Appendix  D.  The  Y-­‐Axis  represents  the  total  number  of  drop  points  for  the  corresponding  farm.  The  different  colored  bars  represent  the  number  of  boroughs  covered  by  the  farm  –  

                                                                                                                                       7  http://www.grownyc.org/files/gmkt/questionnaire/nonfarmer.pdf 8  http://www.uky.edu/Ag/CCD/marketing/csa.pdf  

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

8  

orange  is  three  boroughs,  green  is  two,  and  purple  is  one.  By  addressing  the  largest  number  of  drop  points,  CDi  can  access  the  most  individual  consumers.  The  addition  of  borough  coverage  maximization  allows  a  more  distributed  word-­‐of-­‐mouth  customer  network.      Our  recommendation  is  to  pursue  a  partnership  with  Garden  of  Eve  Farm.  We  believe  this  would  give  CDi  the  best  market  coverage,  while  starting  small  with  only  one  partner.  By  starting  small,  the  CSA  market  allows  CDi’s  distribution  to  grow  incrementally  as  production  increases.  Once  production  is  high  enough  that  Garden  of  Eve’s  distribution  network  is  not  big  enough,  CDi  can  partner  with  another  farm.      

POTENTIAL  SALES  VOLUME  CALCULATIONS  FOR  GARDEN  OF  EVE  CSA:    By  using  average  CSA  size,  and  the  conversion  rate  from  our  previous  market  segmentation  section,  we  are  also  able  to  project  the  possible  sales  volume  for  CSA  partnership  as  3,300  pounds.  We  believe  this  approach  is  the  best  short-­‐term,  first  step  distribution  strategy  for  CDi  and  will  allow  entry  into  the  market  while  scaling  production.      Number  of  Drop  Points  =  9            Average  Customers  Per  Drop  point  =  100  Total  potential  customers  =  9  x  100  =  900    Per  the  Weber  survey,  31.6%  Americans  use  a  charcoal  grill.  Potential  charcoal  grillers  =  900  x  31.6%  =  288  customers.    Now,  these  are  already  considered  LOHAS  since  they  are  sourcing  from  an  organic  CSA.  So,  per  our  previous  segmentation  analysis,  we  take  60%  of  them  who  are  willing  to  pay  for  a  product  with  a  social  cause.  Then,  apply  our  conversion  rate  of  19%  to  get  our  total  estimated  customers.    Total  estimated  customers  =  288  x  60%  x  19%  =  33    Using  previously  mentioned  20  grill  events  and  5  lbs  per  event  consumption,  we  find:  33  x  20  x  5  =  3,300  lbs.  of  sales  volume  for  the  one  CSA.        

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

9  

PART  II-­‐B:  LONG-­‐TERM  DISTRIBUTION  STRATEGY  -­‐  RETAIL  MARKET    Selling  in  a  more  mainstream  retail  market  would  bring  CDi’s  biochar  briquettes  to  a  wider  audience,  but  depends  on  a  few  critical  success  factors.  Most  importantly,  retail  sales  are  time  consuming  and  require  a  larger  scale  that  CDi  will  need  to  develop.  Hence,  we  suggest  that  CDi  delay  pursuit  of  this  channel  for  the  time  being,  until  the  production  process  has  been  streamlined  and  you  have  a  clear  understanding  of  the  resources  and  scale  that  is  possible  to  maintain.      When  CDi  is  ready  to  pursue  entry  into  the  retail  market,  it  will  be  necessary  to  approach  multiple  potential  retailers  (see  Appendix  E  for  recommendations  on  stores,  and  a  recommended  order  of  approach).  We  suggest  starting  by  approaching  co-­‐operatives  and  small,  local  health-­‐food  stores,  many  of  which  have  community  at  the  core  of  their  missions,  and  which  will  have  fewer  barriers  to  entry.  CDi  should  cultivate  relationships  with  retailers  that  could  be  long-­‐term  sellers  of  your  product.    Expansion  in  retail  market  –  depending  on  the  outcome  of  CDi’s  initial  entry  into  the  market,  as  well  as  production  capacity,  it  may  be  possible  to  expand  your  reach  via  additional  types  of  retailers.  The  bigger  chains  (e.g.  Whole  Foods,  Trader  Joe’s)  may  have  more  paperwork  and  potentially  some  challenges  in  terms  of  paying  for  shelf  space,  but  are  very  much  in  line  with  CDi’s  mission,  so  would  be  an  excellent  fit,  if  you  are  willing  and  able  to  produce  at  a  larger  scale.      

HIGH  POTENTIAL  SALES  VOLUMES  The  Park  Slope  Food  Coop’s  website  indicates  currently  that  it  has  15,500  members.9  Assuming  that  the  Coop  is  primarily  frequented  by  individuals  in  the  LOHAS  category,  and  knowing  that  it  is  only  open  for  shopping  to  members,  we  assumed  the  total  potential  customers  to  be  15,500.      Per  the  Weber  survey,  31.6%  Americans  use  a  charcoal  grill.  Potential  charcoal  grillers  =  15,500  x  31.6%  =  4,898  customers.    As  noted,  these  are  already  considered  LOHAS  since  they  are  members  of  a  Coop.  So,  per  our  previous  segmentation  analysis,  we  take  60%  of  them  who  are  willing  to  pay  for  a  product  with  a  social  cause.  Then,  apply  our  conversion  rate  of  19%  to  get  our  total  estimated  customers.    Total  estimated  customers  =  4,898  x  60%  x  19%  =  558.4    Using  previously  mentioned  averages,  20  grill  events  per  season  and  5  lbs.  per  event  consumption,  we  find:  558.4  x  20  x  5  =  55,837.2  lbs.  of  potential  annual  sales  volume  for  just  one  Coop.  

 

CRITICAL  SUCCESS  FACTORS:    PRODUCTION  CAPACITY  AND  COST  ANALYSIS.  We  recommend  CDi  perform  a  detailed  analysis  of  your  production  costs,  and  impacts  of  scaling  your  operations,  in  order  to  determine  whether  retailing,  which  depends  on  scalability,  truly  is  a  cost-­‐effective  channel  for  the  organization.        PRICING  ANALYSIS.  Selling  via  retail  channels  requires  setting  a  wholesale  price  point  significantly  lower  than  the  consumer  price.  Pricing  analysis  should  consider  both  the  end-­‐price  and  the  markup  you  need  in  order  to  cover                                                                                                                                          9  http://www.foodcoop.com/go.php?id=32    

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

10  

your  costs,  but  not  be  so  high  that  it  deters  the  retailer  from  purchasing  your  product.  Retailers  mark  up  wholesale  prices  differently  depending  on  the  commodity,  but  a  safe  rule  of  thumb  is  to  assume  a  50%  markup  when  targeting  a  price.      OPERATIONAL  LOGISTICS  MANAGEMENT.  Retailers  will  want  to  know  the  ins  and  outs  of  the  sales  processes:  how  quickly  can  you  fill  an  order?  Do  you  have  minimum/maximum  order  sizes?  What  is  the  best  way  to  submit  the  order?  What  is  your  mode  of  delivery?  How  often  do  you  make  deliveries?  Who  is  the  point  person  for  orders?  How  do  you  handle  problems  with  an  order?      INTEGRATED  MARKETING  STRATEGY.  CDi’s  social  mission  is  a  primary  distinction  in  the  sale  of  the  briquettes.  It  is  important  for  you  to  clarify  the  distinction  between  a  need  for  exposure  to  CDi’s  mission,  and  a  need  to  generate  revenues,  as  you  design  your  marketing  strategy.  We  suggest  that  during  the  near-­‐term  distribution  via  CSA  partnerships,  you  continue  to  develop  a  strategy  for  entry  into  retail  and  restaurants  separately,  with  careful  consideration  of  your  revenue  needs,  and  distinct  benefits  to  entry  into  each  channel.      

RETAILER  IDENTIFICATION  METHODOLOGY:    The  list  of  potential  retail  partners  included  as  Appendix  E  has  been  compiled  primarily  through  internet  research  on  various  platforms,  including  Yelp,  Google,  and  various  independent  “health  food  store”  raters.  This  is  not  intended  to  be  a  complete  list  of  the  many  grocery  stores  located  in  the  five  boroughs  of  NYC,  but  is  a  comprehensive  sampling  of  a  range  of  possibilities  within  the  health-­‐foods  arena,  which  we  believe  includes  the  most  prominent  and  best  known  options  catering  to  LOHAS  consumers.  Our  team  has  examined  each  candidate  looking  for  certain  indicators  as  to  whether  or  not  they  would  be  a  good  fit.      The  methodology  described  in  below  is  shown  in  parts  2  and  3  of  Appendix  E.  A  simple  list  of  vendors  including  contact  details  and  notes  is  also  included  as  part  1.  CDi  should  target  the  retailers  with  high  scores  in  both  of  the  following  categories.    

ALIGNMENT  WITH  CDI’S  MISSION  AND  VALUES    In  order  to  determine  the  best  potential  matches,  we  identified  a  set  of  specific  criteria  based  on  CDi’s  mission  and  values.  Each  potential  retailer  was  ranked  on  a  scale  of  0-­‐3  according  to  the  identified  criteria.  A  score  of  0  indicates  a  firm  “NO,”  1  indicates  “unknown/unlikely  based  on  other  indicators”,  2  indicates  “unknown/likely  based  on  other  indicators”,  and  3  indicates  a  firm  “YES”.  For  example,  if  a  retailer  indicates  that  they  sell  “natural  produce”,  but  makes  no  mention  of  “organic  produce”  specifically,  they  would  be  ranked  as  a  3  for  natural,  and  a  2  for  organic.  Each  of  the  criteria  is  also  weighted  giving  more  importance  to  items  that  are  more  aligned  with  CDi’s  mission  and  values.  

CRITERIA  (WEIGHTED  %)  –  DESCRIPTION  AND  REASONING  • Social  mission  (25%)  –  CDi’s  biochar  briquettes  are  distinct  in  their  revenues  supporting  a  social  mission,  

so  this  characteristic  was  given  more  weight.  • Organic  (10%)  –  though  CDi  may  not  plan  to  pursue  organic  certification,  LOHAS  consumers  are  attracted  

to  organic  products.  Therefore,  stores  that  carry  organic  products  were  acknowledged  for  this,  but  with  a  lower  weight.  

• Local  (20%)  –  though  currently  CDi’s  production  site  is  not  local,  LOHAS  consumers  are  attracted  to  local  and  artisanal  products;  knowing  that  CDi  plans  to  ensure  sustainable  delivery  methods,  and  possibly  local  production  in  future,  this  was  given  slightly  more  weight.  

• Fair-­‐trade  (15%)  –  CDi’s  use  of  human  and  natural  capital  is  sustainable,  and  stores  being  approached  

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

11  

should  have  an  awareness  of  supply  chain  issues  and  treatment.  • Natural  (15%)  –  ranked  slightly  higher  than  “organic”  since  “natural”  labeling  has  no  restrictions,  and  is  

still  attractive  to  LOHAS  consumers.  • Value-­‐driven  (15%)  –  retailers  that  are  driven  by  strong  values  and  vision  may  be  more  aligned  with  CDi’s  

mission.  

POTENTIAL  BARRIERS  TO  ENTRY  To  further  narrow  down  the  approach,  we  also  considered  potential  barriers  to  entry  for  each  retailer.  Using  the  same  scale  of  0-­‐3,  we  plotted  each  potential  retail  partner.  These  answers  were  not  weighted.  Some  information  was  less  readily  available,  but  the  questions  we  examined  were  as  follows.  

CRITERIA  -­‐  DESCRIPTION  AND  REASONING  • Mission  Statement  -­‐  if  a  store  has  a  mission  statement  and  values  in  alignment  with  CDi,  we  assumed  they  

would  be  more  open  to  a  pitch  (rated  higher).    • Ownership  structure  -­‐  smaller  stores  and  cooperatives  were  rated  higher,  based  on  the  assumption  that  it  

will  be  easier  to  identify  the  correct  person  to  pitch.  Larger  chain  stores  were  assumed  to  potentially  have  a  single  location  that  handles  incoming  vendors,  or  work  with  an  agent.  

• No  similar  products  -­‐  if  stores  carry  similar  products  they  may  be  less  inclined  to  add  CDi’s  briquettes  to  their  shelves.  

• No  agent/3rd  party  vendor  recruitment  -­‐  assumption  that  stores  who  work  with  an  agent  or  third  party  recruiter  will  be  more  difficult,  due  to  barrier  between  owner  and  vendor.  Those  without  an  agent  or  3rd  party  are  ranked  higher.    

• Single  location  -­‐  assumption  that  a  single-­‐location  store  will  be  less  challenging  to  meet  demand,  and  to  make  a  pitch.    

MAKING  THE  PITCH  Be  able  to  describe  the  product  and  why  it  stands  out,  in  just  a  few  minutes.  Highlight  the  things  that  differentiate  it,  e.g.  “artisanal,  all-­‐natural  biochar  briquettes  with  an  underlying  social  cause.”  Market  research  &  customer  testimonials  -­‐  as  you  begin  to  sell  the  product,  try  to  get  direct  responses  from  consumers.  Proven  demand  will  improve  your  pitch.  

PACKAGING.    The  packaging  design  should  beautifully  identify  those  characteristics  that  differentiate  CDi’s  briquettes  from  otherwise  similar  products.  Make  sure  your  packaging  is  sustainable;  perhaps  it  can  be  burned  with  the  product.  Use  it  to  tell  your  story!10  

CO-­‐BRANDING  Larger  stores  with  their  own  product  lines  may  consider  co-­‐branding  opportunities.  Co-­‐branding  would  help  to  avoid  some  of  the  typical  barriers  to  entry,  particularly  slotting  fees  and  packaging  design,  which  in  most  cases  the  store  would  take  care  of.  For  example,  Whole  Foods’  Whole  Planet  Foundation  includes  the  Scanback  program,  which  allows  Whole  Foods  suppliers  to  donate  a  portion  of  their  sales  back  to  the  Whole  Planet  Foundation  supporting  microloans  to  entrepreneurs  in  59  countries  around  the  world.  Currently  there  is  one  project  in  Haiti.11  The  Whole  Planet  Foundation  website  does  not  indicate  a  process  for  accepting  proposals,  but  we  suggest  that  you  consider  this  option  as  you  develop  your  existing  relationship  with  the  Virginia  branch.    

                                                                                                                                       10  http://supermarketnews.com/sustainability/store-­‐brands-­‐2014-­‐packaging-­‐purpose?page=1  11  https://www.wholeplanetfoundation.org/project/haiti/  

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

12  

PART  II-­‐C:  LONG-­‐TERM  DISTRIBUTION  STRATEGY  -­‐  RESTAURANTS  

   Opportunities   in   the   restaurant  market   for  CDi  are  both   lucrative  and  complicated   to  endeavor.  Presently  CDi   is  developing  its  ability  to  meet  consumer  demand,  and  looking  for  a  distribution  channel  that  will  provide  sufficient  revenue  to  the  organization.  While  restaurants  offer  the  possibility  of  a  high  demand  for  biochar  briquettes,  they  are  extremely  cost  sensitive  due  to  the  quantity  of  product  required  for  cooking.  The  most  commonly  used  source  of  energy  for  cooking  is  propane,  followed  by  charcoal.  Because  restaurants  buy  in  bulk,  there  is  no  opportunity  for  CDi  to  charge  a  premium  on   its  briquettes   in  this  market.  There  are  one  or  two  restaurants  with  the  capacity  to  produce  briquettes   for  use   in  their  establishments;   this  channel  may  provide  an  opportunity   for  CDi  to  co-­‐brand  with  the  restaurant  to  further  its  social  mission.    

METHODOLGY      In   order   to   determine   the   best   fit   for   CDi   within   the   restaurant   industry,   we   compiled   a   list   of   the   5   best  restaurants  for  CDi  to  approach  as  either  a  supplier,  or  a  partner  in  production.  The  restaurants  were  chosen  based  on   reviews  of  organic   and  otherwise   sustainable  establishments;   tools   such  as  Google  and  online   culinary  blogs  aided  this  investigation.  The  analysis  of  each  restaurant  was  based  on  the  same  methodology  as  the  retail  market;  including  critical  success  factors,  criteria  weighted  for  alignment  with  CDi  values,  and  potential  barriers  to  entry.  Most  NYC  area  restaurants  using  charcoal/wood  fire  cooking  methods  are  more   interested   in  the  flavor  that  the  method  produces,  than  the  environmental  benefits.  The  complete  list  of  restaurants  used  in  this  study,  and  the  full  outcome  of  the  analysis  is  charted  in  Appendix  F.    

LONG  TERM  STRATEGY  –  WE  RECOMMEND  BLUE  HILL  AT  STONE  BARNS  FOR  PARTNERSHIP    Based  on  this  methodology,  we  have  concluded  that  Blue  Hill  at  Stone  Barns  is  the  best  restaurant  for  CDi  to  enter  into   this  market.  As  both  a   farm  and  restaurant  chain,  originating   in  Pocantico  Hills,  New  York,  The  Stone  Barns  Center  for  Food  and  Agriculture  supplies  all  3  of  its  restaurants:  2  in  upstate  New  York  and  1  in  New  York  City.  The  farm   is  a  producer  of  biochar,  and  CDi  has  already  engaged  with  the  company  to  determine  better  practices   for  producing   biochar   briquettes.   This   establishment  may   represent   the   opportunity   for   CDi   to   expand   its   network  north  into  the  Hudson  Valley,  and  to  partner  with  a  reputable  organic  farm  for  increased  briquette  production.      At   this   time   the   coalition   opportunity   remains   uncertain   and   we,   the   NYCLab   team,   recommend   developing  another  channel  of  distribution   first.  We  believe   that  as  CDi   increases   its  brand  equity,  as  well  as   its  capacity   to  produce  briquettes,  a  co-­‐branded  relationship  with  Blue  Hill  may  be  attractive  to  both  parties.  As  CDi  operations  grow,  it  will  be  necessary  to  source  raw  material  for  biochar,  and  produce  the  subsequent  briquettes  in  a  location  proximate   to   the  New   York  metropolitan   area.   The   capacity   of   Blue   Hill   to   act   as   producer,   distributor,   and/or  coalition  partner  in  the  CDi  social  mission  is  evident  from  the  operations  already  underway  at  the  Hudson  Valley  location.  CDi  should  continue  to  develop  a  partnership  with  this  company  for  future  operations.        

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

13  

APPENDICES  

APPENDIX  A:  NATURAL  MARKETING  INSTITUTE  REPORT    

• According  to  a  2007  Natural  Marketing  Institute  Report:  

o 19%  Americans  are  LOHAS  -­‐  40  million  in  2007  

§ They  conserve,  recycle  and  use  environmentally-­‐friendly  products  and  services  to  

support  personal  and  planetary  health.  They  are  the  most  politically-­‐active  

consumers  and  will  also  boycott  businesses  that  they  perceive  to  be  socially  

irresponsible.  

§ 60%  more  than  likely  care  about  socially-­‐responsible  business  

§ Mean  Age  -­‐  46.7;  Median  income  $64.4K  

§ They  are  significantly  more  likely  than  any  other  segment  to  be  willing  to  pay  20%  

more  for  eco-­‐friendly  products  and  services;  66%  affirmative  

§ Vote  heavily  on  the  Democratic  side;  45%    

§ Significantly  more  likely  to  have  a  library  card  

§ Most  likely  to  support  civic-­‐oriented  groups  than  any  other;  37%  

§ Strongest  ties  to  building  a  sense  of  community  

§ Physical  fitness  is  a  significant  part  of  their  lifestyle  (NY  has  19%  Gym  Membership  

rate)  

§ Twice  as  likely  interested  in  using  the  internet  to  buy  hard  to  find  green  products  

o 19%  Americans  are  Naturalites  -­‐  40  million  in  2007  

§ They  are  primarily  motivated  by  their  personal  health  and  wellness,  are  a  “lighter  

shade  of  green”  compared  to  LOHAS  consumers.  They  have  the  strongest  will  among  

non-­‐LOHAS  segments  to  learn  more  about,  and  to  do  more  to  protect,  the  

environment  in  the  future.  This  is  a  tremendous  opportunity.  

§ Of  that  -­‐  36%  care  about  socially-­‐responsible  business  

§ Mean  age  45.5;  Median  Income  $45.6K  

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

14  

APPENDIX  B:  NYC  DEMOGRAPHICS  DATA  (CENSUS)    

 

  NYC  5  

Boroughs  Adjoining  

Counties*  Both  

Total  Population   8,036,697   5,499,843   13,536,540  

Households  ($25K  -­‐  $150K)   2,009,631   1,398,933   3,408,564  

Males  (20-­‐45  years)   1,541,877   902,209   2,444,086  

*  includes  Westchester  County,  Nassau  County,  Rockland  County,  Bergen  County  NJ,  Hudson  County  NJ,  Union  County  NJ,  Middlesex  County  NJ    

NYC  PARKS  USAGE    

According  to  the  NYC  Parks  Bureau12,  there  are  56  park  areas  in  the  five  NYC  boroughs.    We  estimate  an  average  of  5  grills  for  each  park  area,  for  a  total  of  280  grills.    There  are  32  weekend  days  between  Memorial  Day  and  Labor  Day.     Current   Results   estimates   68%  of   days   annually   are   sunny13  which   gives   us   22   potential   days   for   outdoor  grilling.    Assuming  75%  capacity  utilization  for  each  of  the  grills  and  usage  of  5  lbs  per  grill  event,  potential  market  size  will  be  23,000  pounds  of  charcoal.      

   

                                                                                                                                       12  http://www.nycgovparks.org/facilities/barbecue  13  http://www.currentresults.com/Weather/New-­‐York/annual-­‐days-­‐of-­‐sunshine.php    

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

15  

APPENDIX  C:  COMPETITIVE  PRODUCTS  

 

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BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

16  

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APPENDIX  D:  CSAS  

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

17  

APPENDIX  E:  RETAILERS  

 

 

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CDi  Biochar  Briquette  Feasibility  Study  

20  

POTENTIAL  RETAILERS  RATINGS:  CDI  VALUES  ALIGNMENT/BARRIERS  TO  ENTRY  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

22  

VISUALIZATION  OF  RETAILERS’  RATING  

 

   

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BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

23  

APPENDIX  F:  RESTAURANTS  

LONG  TERM  STRATEGY  –  POTENTIAL  RESTAURANT  PRODUCERS  AND  BUYER  

 

 

 

 

 

 

 

 

 

 

 

 

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

24  

RATING  CRTIERA  FOR  CDI  +  BARRIERS  TO  ENTRY  

 

 

 

 

 

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

25  

MATRIX  BASED  ON  EVALUATION  CRITERIA  –  BLUE  HILL  AT  STONE  BARNS  TOP  CHOICE  

 

 

 

 

 

 

   

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

26  

APPENDIX  G:  ADDITIONAL  FACTS  AND  RESOURCES  

USES  OF  CHARCOAL:  CURRENT  MARKET  TRENDS  IN  US    

• US  consumption  2012:  (total  tons  of  charcoal  shipped)  26%  instalight,  643,300;  68%  regular  briquettes,  244,400;  6%  lump,  51,800  TOTAL  887,700  +  51,800  (HPBA)  

• Average  retail  price:  $8.92  (regular  briquettes);  $15.23  (instalight);  $7.55  (lump)  (HPBA)  • 85%  is  used  in  food  preparation  • Most  producers  use  bags  that  hold  between  5  and  20  lbs.,  with  the  most  common  sizes  in  the  8-­‐10  lb.  

range  (Virginia  Tech)  • Lump  charcoal  is  gaining  market  share  over  the  past  3  years,  interest  in  it  growing  as  part  of  “organic”  

movement  (HPBA)  • Regular  briquettes  declining,  losing  market  to  lump  • Instalight  briquettes  unaffected  by  lump  charcoal  • 60%  of  charcoal  reaches  northeastern  users  in  2-­‐4lb  bags;  25%  in  5-­‐10lb  bags;  15%  in  bushel  bags  

(industrial  users)  (US  forestry  report)  • Most  individual  users  prefer  “one  shot”  packages  of  2-­‐4lb,  best  for  single  use  grilling;  other  individual  

users  and  restaurants  tend  to  buy  5-­‐10lb  bags  • Market  is  seasonal    • New  producers  are  recommended  to  develop  local  markets  • Consumers  prefer  gas  grills  to  charcoal  grills,  making  charcoal  increasingly  a  niche  market  overall,  and  

more  so  for  the  biochar  market  (Kingsford  case  study;  appendix,  exhibit  1:  https://docs.google.com/document/d/1yFH6dJTUdveTcz8vtMdbkSLr9KONfkgZeF0SyhL0Ano/edit)  

• US  ranks  10th  in  charcoal  production  (FAO)  http://rankingamerica.wordpress.com/2009/02/18/the-­‐us-­‐ranks-­‐10th-­‐in-­‐charcoal-­‐production/  

COAL  FIRED  PIZZAS    • Are  gaining  in  popularity  around  the  country,  especially  in  the  Northeast.    • The  preferred  coal  is  what  is  called  Anthracite  coal.    • The  Northeast  especially  Pa.  is  a  great  source  and  most  of  it  comes  from  there  (local,  more  or  less).    • The  most  common  preferred  characteristic  is  the  high  heat  (upwards  of  1,000  degrees)  that  it  can  achieve  

13,000  BTU/  #,  as  opposed  to  wood  which  is  6,500  BTU/#    • The  high  heat  gives  it  a  characteristic  char  and  quick  cooking  times,  somewhere  around  3-­‐4  minutes  

depending  on  size  of  pizza.    • According  to  Woodstone,  a  manufacturer  of  wood  and  coal  fired  ovens,  estimates  the  coal  usage  to  

somewhere  around  60-­‐80  pounds  a  day.    o This  depends  on  size,  desired  temperature  and  production  needs.    

• Coal  can  be  purchased  in  50#  bags,  by  the  pallet  or  ton,  and  requires  1/2  the  storage  capacity  of  wood  for  the  same  amount  of  BTU.    

• Coal  fired  ovens  are  challenging  to  operate  and  require  at  least  1  1/2  hours  to  2  hours  to  come  up  to  temperature.    

• A  short  ton  (2,000  #’s)  of  anthracite  coal  around  costs  $300-­‐$400,  a  typical  restaurant  will  use  14-­‐18  short  tons  a  year.  (Delivery  depends  on  your  location)    

• More  challenging  to  light.      

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

27  

ADDITIONAL  RESOURCES    

Barclay,  Eliza.  “The  Great  Charcoal  Debate:  Briquettes  Or  Lumps?”  (2013).  The  Salt:  NPR.  Retrieved  from:  http://www.npr.org/blogs/thesalt/2013/05/24/186434261/the-­‐great-­‐charcoal-­‐debate-­‐briquettes-­‐vs-­‐lumps    

Better  Business  Bureau:  www.bbb.org    

Bureau  of  Labor  Statistics:  http://www.bls.gov/iag/tgs/iag445.htm    

Cooperatives  information:  http://www.foodcoopinitiative.coop/  http://www.kehe.com/treeoflife/Home.aspx  http://www.coopdirectory.org/distributor.htm  http://www.cooperativegrocer.coop/  

Fredman,  Josh.  “How  to  Mark  Up  Prices  from  Wholesale  to  Retail.”  Houston  Chronicle.  Retrieved  from:  http://smallbusiness.chron.com/mark-­‐up-­‐prices-­‐wholesale-­‐retail-­‐39929.html    

Gaines,  Melinda.  “How  to  Market  and  Sell  a  New  Food  Product  to  Grocery  Stores.”  Houston  Chronicle.  Retrieved  from:    http://smallbusiness.chron.com/market-­‐sell-­‐new-­‐food-­‐product-­‐grocery-­‐stores-­‐10795.html    

Gallagher,  Julie.  “Today’s  Man  Goes  Grocery  Shopping.”  (2013).  Supermarket  News.  Retrieved  from:  http://supermarketnews.com/shopper-­‐insights/today-­‐s-­‐man-­‐goes-­‐grocery-­‐shopping?page=1    

Hamstra,  Mark.  “Retailers,  Vendors  Cite  Successful  Partnerships.”  (2013).  Supermarket  News.  Retrieved  from:  http://supermarketnews.com/retail-­‐amp-­‐financial/retailers-­‐vendors-­‐cite-­‐successful-­‐partnerships    

Klein,  Karen  E.  “Great  Product.  Now,  How  to  Sell  It?”  (2012).  Bloomberg  BusinessWeek.  Retrieved  from:  http://www.businessweek.com/articles/2012-­‐03-­‐15/great-­‐product-­‐dot-­‐now-­‐how-­‐to-­‐sell-­‐it  

Marketing  101  “Fooddude”  Instruction  guide  on  distribution  channels,  branding,  pricing,  packaging,  and  more:  http://www.fooddude.com/distribution_channels.htm    

Merwin,  Hugh.  “Hot  Hot  Hot:  Could  High-­‐End  Charcoal  Actually  Become  a  Thing?”  (2012).  Grub  Street.  Retrieved  from:  http://www.grubstreet.com/2012/01/chefs-­‐using-­‐custom-­‐high-­‐end-­‐charcoal.html.    

"Mobile  and  Temporary  Food  Vendors." (2014). Mobile  and  Temporary  Food  Vendors.  N.p.,  n.d.  Retrieved  from:  http://www.nyc.gov/html/doh/html/environmental/food-­‐service-­‐mobile.shtml.    

NAICS  Association  http://www.naics.com/free-­‐code-­‐search/siclist.html?sictwo=54    

"New  York  City  Fire  Code."  (2014). Fire  Code.  N.p.,  n.d.  Web.    

“Producing  and  Marketing  Natural  Wood  ‘Lump’  Charcoal.”  N.d.  Virginia  Tech  Department  of  Forest  Resources  and  Environmental  Conservation;  Virginia  Department  of  Forestry;  Virginia  Cooperative  Extension;  Virginia  Forest  Landowner  Update;  Resource  Conservation  and  Development.  Retrieved  from:  

 

BARD  MBA  in  Sustainability  CDi  Team  

 

CDi  Biochar  Briquette  Feasibility  Study  

28  

http://web1.cnre.vt.edu/forestry/charcoal/marketingresources.html.    

"Serious  Eats  -­‐ Seriouseats.com."  (2014). Serious  Eats.  N.p.,  n.d.  Web.    

United  States  Census  Bureau:  www.census.gov;  http://www.census.gov/cbdmap/    

"What  Are  the  Best  Coal-­‐fired  Oven  Pizzas  in  NYC?"  (2014). What  Are  the  Best  Coal-­‐fired  Oven  Pizzas  in  NYC? N.p.,  n.d.  Web.  

"Wood  Stone  Offers  the  Finest  Most  Complete  Line  of  Stone  Fired  Home  and  Commercial  Cooking  Equipment  in  the  World." Coal  Fired  Pizza  Ovens,  Coal  Fire  Pizza  Oven.  N.p.,  n.d.  Web.  07  May  2014.    

Wharton,  Rachel.  “Returning  Wood  to  the  Cooking  Fire.”  (2013).  The  New  York  Times.  Retrieved  from:  http://www.nytimes.com/2013/05/29/dining/more-­‐chefs-­‐are-­‐enthusiastic-­‐about-­‐wood-­‐fired-­‐grilling.html?pagewanted=all&_r=1&    

Zimmerman,  Eilene.  “Getting  Your  Product  Onto  Retail  Shelves.”  (2010).  The  New  York  Times.  Retrieved  from:  http://www.nytimes.com/2010/10/21/business/smallbusiness/21sbiz.html?_r=1&