CPGs can Turn up Sales Volume with CitrusAd on Chiper’s B2B Platform

ChiperAds Becomes First Prominent B2B Retail Media Network in Latin America with CitrusAd

(ST. PETERSBURG, FL) May 17, 2023

CitrusAd, a leading retail media company, is pleased to announce its integration with Chiper, a B2B eCommerce marketplace that serves over 130K convenience stores in Latin America. This strategic partnership between CitrusAd and Chiper modernizes procurement to help CPG companies improve volume of product distribution and speed-to-shelf in a vastly fragmented market with time-pressed decision makers that are often hard to reach. Brands such as Coca Cola FEMSA, Mars, Unilever, and other relevant suppliers and business services can now serve sponsored product and display ads that reach key retail decision makers to build B2B awareness, market share, and sales. The ads are served on the Chiper App, which is used by retailers for product discovery, inventory orders and replenishment. A huge benefit to endemic c-store suppliers is the analytics platform that transparently provides closed-loop sales attribution and return-on-ad-spend. Non-endemic advertisers, including relevant products and business services like banking, insurance, store fixtures, accounting and merchant services can also benefit from using ChiperAds for highly targeted display ads to reach store owners.

With the integration of CitrusAd’s retail media platform, Chiper has access to advanced advertising tools that can help suppliers penetrate accounts they’re not in and grow sales with existing accounts through relevant, targeted digital campaigns. Brands have increased retail media ad spend significantly in the past 2 years, and Morgan Stanley recently projected the market to grow to $130 billion by 2025. Chiper is one of the first companies to apply the trend for B2B applications. The ChiperAds platform allows brands to leverage first-party data to show the right advertisements to the right customer at the right time, making distribution opportunities crystal clear and incremental YoY growth possible. This is a game-changing industry solution, bringing both programmatic advertising and untapped data capabilities to a retail channel that plays a critical role within Latin American consumers, accounting for up to 50% consumer share of wallet in fast moving consumer goods (FMCG), according to studies by McKinsey and Kantar.

According to Chiper, early internal data from campaigns in all its markets show that sponsored and banner campaigns across carefully assorted placements within their app can provide an average return on investment of at least 500% or higher. Chiper recently finished their initial 30 days running campaigns on CitrusAd and is looking to scale with velocity in the coming months.

“We are excited to partner with Chiper and bring the power of our retail media platform to serve B2B needs in the Latin American market. This integration will enable Chiper to leverage our programmatic advertising capabilities and analytics to drive business growth for Chiper, store operators and the suppliers they work with,” said David Haase, CitrusAd CEO, Americas.

“We are thrilled to integrate CitrusAd’s technology into ChiperAds, as it represents the first step for suppliers to efficiently reach shopkeepers and promote the sale of their products while retailers are ordering in our system. This strategic partnership gives us the tools to not only innovate trade marketing strategies for our suppliers, but allows Chiper to grow as a retail media network and serve as rich source of data within the corner-store buying channel,” said Carolina Garcia, Chiper’s CRO.

About Chiper:

Chiper modernizes inventory management including product discovery and replenishment for over 250,000+ convenience stores in Colombia, Mexico, and Brazil. Chiper’s technology provides a tailored B2B e-commerce ecosystem that offers the fastest delivery, widest selection at the most competitive prices. With Chiper, corner store owners are empowered to make smarter purchasing decisions, eliminate inefficiencies, and grow their businesses while CPG brands and relevant services can make timely offers that serve these needs of store owners to optimize their businesses.

Contact

Nick O’Connor
nick.oconnor@citrusad.com

Media Contact

Tracy Nappier
tracy@adcommgrp.com