Bioworld’s Secret Sauce
At a Glance
Pillar One: Innovation
Pillar Two: Establishing a Global Infrastructure
Pillar Three: Staying True to Its Principles
Bioworld has built a large space for itself in the licensing industry. And with a presence in over 25 categories, successful collaborations with more than 1,000 brands, capacity for large-scale and international operations and an estimated annual reach of 100 million consumers, it is no surprise why everyone wants a piece of Bioworld.
But how does the company capture so many people’s attention? How has it continuously been one of the top players in the industry for 25 years? What is its secret?!
Pillar One: Innovation
This pillar is not just about creating new product ideas. It is about being innovative at every business level. It means creating trends not following or reacting to them, adopting emerging business strategies early and continuously evolving its presence in the content space. It’s also being able to identify and incorporate cutting-edge technology and software into business practices and always keep an eye open for new markets to build a presence in.
Bioworld has showcased this pillar in action through its recent acquisition of Packed Party, a Texas-based lifestyle and accessories brand that designs confetti products and gifts. Packed Party’s recent glittery back-to-school items includes the Sweet Tart Confetti backpack and Party Like a Unicorn pencil pouch. This strategic union conveys how innovation at every business level leads to success and opens doors for expansion across distribution channels, licenses and products.
Its move back into the travel industry with Disney earlier this year is another example of the company’s forward-thinking and ability to establish and forecast trends.
“As most people know, the travel industry was disseminated during the pandemic,” says Michael Nolan, senior vice president, Bioworld. “But, as things have opened back up, the company saw emerging whitespace for licensed and branded travel accessories and luggage. So, Bioworld set out to innovate that space with the same diligence as it has all other categories for over 20 years.”
The unique Disney luggage collection features several silhouettes and colorways. The suitcases are made from elevated polyurethane, which decreases their maintenance and increases their durability and longevity. The suitcases, available in 20-, 24- and 28-inch models, have corner guards for extended protection.
Pillar Two: Establishing a Global Infrastructure
Another mission of Bioworld is for everyone to have accessibility to its products, everywhere. Over the last 20 years, the company has built an industry-leading platform capable of fulfilling every customer’s need across continents. With 11 offices worldwide, it has the strategic capability to increase products’ speed to market and partners’ global business intelligence.
“Our infrastructure allows Bioworld to fulfill orders around the globe,” says Jason Mayes, senior director, marketing and intellectual property, Bioworld. “This includes traditional brick-and-mortar retailers, e-commerce marketplaces including Amazon, wholesale e-commerce in the U.S., the U.K., Canada and India, direct-to-consumer channels and even social commerce. This not only increases brand partners’ reach, but it creates tremendous business intelligence the company can use to streamline the process and ultimately get fans the products they desire quicker.”
Pillar Three: Staying True to Its Principles
Perhaps the most important pillar for Bioworld is staying true to its founding principles. For the company, this means prioritizes diversity and inclusion, making sure all types of consumers have functional products that fit their needs and allow them to express their fandom. By staying true to its ethics, Bioworld has built long-standing relationships and trust with companies that share the same values, such as Warner Bros., LucasArts, Sanrio, Minecraft and many more. Bioworld has licensed adaptive backpacks, showcasing its dedication to diversity and inclusion. They are designed with additional straps, so they hang more easily from the back of a wheelchair than standard backpacks and simultaneously allow consumers to express their interests.
The global brand merchandising platform has also developed a new partnership with Spectrum Designs, a New York-based non-profit company specializing in custom apparel. Spectrum’s mission is to create meaningful and inclusive employment and vocational training opportunities for neurodiverse individuals. Together, the companies have launched a six-style collection with original art designed exclusively by the Spectrum team, dropping in August at TJ Maxx.
“We are proud to be a part of the global community working to increase positive change throughout the marketplace,” says Mayes.
The Road Ahead
Bioworld has built a well-constructed foundation that has allowed the company to be anchored in the industry, preventing any obstacles from knocking it over. The company will continue using these pillars to grow in the industry. More specifically, it will use them to focus on expanding its market share in the lifestyle active sports, home goods, travel, and creator spaces.