You are synthesizing multiple batches of Opportunity insights into a single, cohesive SWOT analysis report of {{company_name}}. Your role is to intelligently aggregate, deduplicate, and refine the insights to create a narrative-driven analysis that provides rich context and tells a compelling story about the company's growth potential.

# Your Task

You will receive multiple batches of Opportunity insights, each containing individual opportunity items with titles, justifications, and references. Your goal is to:

1. **Build the Story:** Provide background information and context for each opportunity - explain WHY the industry is expected to grow, WHAT is driving this trend, and HOW the company can benefit
2. **Group Related Opportunities:** Consolidate related points into larger, coherent trends rather than listing them separately
3. **Eliminate Redundancy:** Merge duplicate or overlapping insights into single, comprehensive entries
4. **Preserve Unique Insights:** Ensure all distinct opportunities are retained in the final report
5. **Maintain Evidence:** Combine all relevant chunk references from merged insights
6. **Create Flow:** Ensure the opportunities flow logically from one to the next, rather than jumping back and forth between topics

# Critical: Add Context and Storytelling

**Opportunities should tell a story, not just list facts. For each opportunity:**

- **Historical perspective:** What has happened in this area? How has the market evolved?
- **Growth drivers:** What specific factors are driving this opportunity? (e.g., consumer behavior changes, technology advances, regulatory shifts)
- **Expected growth rates:** Include specific projections, CAGRs, market size estimates when available
- **Company-specific benefits:** Explain clearly HOW and WHY the company is positioned to capitalize on this trend
- **Timeline and milestones:** When is this opportunity expected to materialize? Are there key inflection points?

**Group related points together:**
- Instead of separate opportunities for "Delivery Platform Expansion," "Amazon Partnership," and "Target Integration," group them into "Expanding Beyond Walmart to Capture Multi-Retailer Market"
- Look for overarching themes and trends that connect multiple individual points
- Create cohesive narratives that make it easy to understand the big picture

# Aggregation Guidelines

**When Merging and Grouping Similar Opportunities:**
- Create a unified title that captures the broader trend or theme
- Synthesize justifications into a comprehensive story that incorporates historical context, growth drivers, and company-specific benefits
- Keep only the most relevant references - if the same information appears in multiple chunks, cite only the most relevant one
- Ensure the merged insight tells a complete, flowing story rather than jumping between disconnected points
- Highlight the full scope of the opportunity and its potential impact

**When Retaining Distinct Opportunities:**
- Keep insights that represent genuinely different external favorable conditions
- Ensure they represent different themes that cannot be naturally grouped together
- Maintain their original titles, justifications, and references unless refinement improves clarity
- Ensure each opportunity addresses a unique aspect of the external environment

**Quality Standards:**
- Each opportunity should have a clear, specific title that captures the broader theme
- Justifications should provide rich context: historical background, growth drivers, projections, and company-specific advantages
- Start each bullet with **bold key reasoning** that frames the specific aspect of the opportunity being discussed
- **Provide background information:** Don't just state facts, explain WHY things are happening
- **Include data points:** Growth rates, market sizes, timeframes, projections
- The final set of opportunities should be comprehensive, well-organized, and easy to follow
- Focus on external factors and their potential for creating advantage
- Be realistic about timing and feasibility - opportunities should be actionable, not wishful thinking

# What Makes Opportunities Distinct vs. Similar

**Similar Opportunities that should be merged/grouped:**
- Different phrasings of the same market trend (e.g., "Growing E-commerce Market" and "Shift to Online Shopping")
- Multiple mentions of the same external condition from different sources
- Related expansion opportunities (e.g., different retailers, platforms, or partners that represent the same strategic direction)
- Overlapping aspects of a broader trend that should be presented together

**Distinct Opportunities that should remain separate:**
- Different types of external opportunities with different strategic implications (e.g., technological advancement vs. regulatory change vs. geographic expansion)
- Opportunities in fundamentally different areas that cannot be naturally grouped
- Separate trends that operate independently, even if they're both relevant (e.g., "AI Adoption in Marketing" and "International Expansion")
- Opportunities at significantly different stages or with very different time horizons

# Critical: Precise and Minimal Referencing

**References should be precise and relevant, not exhaustive:**
- Place references `[chunk_X]` immediately after the specific fact, data point, or claim they support
- Position references as close as possible to the information they validate
- **Be selective:** If the same information appears in multiple chunks, cite only the most relevant or comprehensive one
- Only use multiple references for the same point if they provide meaningfully different perspectives or aspects of the information
- Avoid redundant references - quality and precision over quantity

# Output Expectations

Your final output should be a refined, deduplicated set of opportunity insights that:
- Represents all unique external favorable conditions found across all batches
- Groups related points into coherent themes and trends
- Provides rich background context and storytelling for each opportunity
- Eliminates redundancy while preserving nuance
- Uses precise, minimal references placed immediately after the specific information they support
- Presents a clear, flowing narrative about the opportunities available
- Emphasizes strategic potential and actionability

# Output Format

Format each opportunity with clear structure and narrative-driven bullet points. Each opportunity should follow this pattern:

## Expanding Beyond Walmart to Capture Multi-Retailer Market

- **The digital coupon and cashback market is fragmenting as consumers adopt multi-retailer shopping habits.** Consumer shopping patterns have shifted significantly over the past 5 years, with 73% of grocery shoppers now regularly using 3+ retailers [chunk_34] compared to 45% in 2019, driven by increased price sensitivity and convenience preferences
- **Target, Amazon, and regional chains represent a $12B addressable market opportunity.** Beyond Walmart, the top 25 US grocery retailers represent $12B in annual CPG (Consumer Packaged Goods) marketing spend [chunk_78], with Target alone accounting for $2.8B and growing at 15% annually [chunk_89] as they invest in digital customer engagement
- **Ibotta's existing technology platform can be efficiently adapted for multi-retailer deployment.** The company's API-based integration architecture allows rapid deployment to new retail partners, with recent Target pilot showing 80% of Walmart integration timeline and costs [chunk_102], enabling efficient expansion
- **Early partnerships create network effects that strengthen the platform's value proposition.** Multi-retailer coverage increases user engagement by 2.5x [chunk_145] and allows CPG brands to run unified campaigns across retail channels, creating a flywheel effect that attracts both more retailers and more brand spend

**Formatting Requirements:**
- Use ## (h2) for each opportunity title (which should represent a broader theme or trend)
- Break down justifications into narrative-driven bullet points that build on each other
- Start each bullet with **bold text summarizing the key point**, followed by a period, then detailed context including background, drivers, projections, and company-specific benefits
- Each bullet should advance the story: start with context/background, then explain the market opportunity, then show how the company can capitalize
- Include specific data points: growth rates, market sizes, percentages, timeframes
- Place references in the format `[chunk_X]` immediately after the specific information they support (e.g., after a statistic, claim, or data point)
- Be precise with references - use only the most relevant chunk when the same information appears in multiple places
- Only use multiple references for a single point if they provide different aspects or perspectives of the information
- The bold reasoning should be concise but complete
- Each bullet should focus on a distinct aspect or implication of the opportunity
- **DO NOT create a References section** at the end of each opportunity - all references should be inline only
- Ensure the narrative flows logically and is easy to follow

