What are the main challenges facing FMCG companies today?

What are the main challenges facing FMCG companies today?

5 challenges in the FMCG business today

• Decorous Retail Execution. Retail Execution is a sales strategy aiming to improve sales in the store or venue of the brand by implementing specific regulatory measures.
• The automatism of Sales.
• Big Data.
• Environment and sustainability.
• Ageing.

What are the 5 biggest supply chain challenges?

Here are five major challenges that companies continue to face in their supply chains–and the solutions that will help logistics providers prepare for the future.

• 1 - Huge E-commerce Growth.
• 2 - Sudden Shortages.
• 3 - Centralized Inventory.
• 4 - Limited or Insufficient Visibility.
• 5 - Patchwork Logistics.

What are the major challenges in supply chain?

What Are the Main Supply Chain Challenges?

• Increased Costs Throughout the Supply Chain.
• Supply Chain Complexity Due to Multiple Channels to Market.
• Consumer Demands Drive Need for Improved Speed, Quality and Service.
• Risk in the Supply Chain Creates Pressure.
• The Impact of Supply Chain Volatility.

How does supply chain work in FMCG?

Supply chain agility Regionalisation of supply and demand, with FMCG companies shifting their sourcing areas to markets where products are manufactured and sold. The concentration of providers means that FMCG companies need to work closely with their business partners to achieve their overall goals.

What are the recent trends affecting FMCG companies?

Top 10 FMCG Industry Trends

• Sustainability. Consumers are becoming more conscious of climate change and its impact on the environment.
• Customer Experience.
• Digitalization.
• FMCG e-Commerce.
• Big Data & Analytics.
• Artificial Intelligence.
• Direct Distribution.
• Internet of Things.

Why is the FMCG slowing down?

“From labour shortage to skyrocketing fuel prices, input costs for manufacturers are at an all-time high. This has severely impacted margins,” said Radhey Shyam Dixit, CMD at Ananda Dairy. Overall FMCG volumes were pulled down largely by price-sensitive rural markets that bore the brunt of higher price increases (11.02-Jun-2022

What are the 7 key issues of supply chain management?

• Adapt Supply Chain to Customer's Needs.
• Customize Logistics Network.
• Align Demand Planning Across Supply Chain.
• Differentiate Products Close to Customer.
• Outsource Strategically.
• Develop IT that Support Multi-Level Decision Making.
• Adopt Both Service and Financial Metrics.

How do you solve supply chain challenges?

Tips to overcome supply chain challenges.

• Meet customer expectations with supply chain diversification.
• Have enough stock when demand is increasing.
• Navigate unexpected challenges.
• Avoid overselling and overpromising.
• Anticipate manufacturing and supplier delays.

What are the 7 R's of supply chain management?

The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.

What are the 7 supply chain functions?

While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.

What are the supply chain challenges for the Indian FMCG sector?

Lack of robust infrastructure leads to exorbitant rise in overall logistics costs which seriously impact the performance vis-a-vis deliveries and operational efficiency. Issues like poor roads, skewed transportation system, lack of technological assistance pose a mammoth challenge to FMCG sector.24-Apr-2021

Who are the suppliers in FMCG industry?

Top ten FMCG companies in India consist of both global players such as HUL, Nestle, Cadbury, P&G and Indian companies such as Amul, Asian Paints, Dabur etc. In the FMCG sector the supply chain performance is a key factor.09-Apr-2015

Which is the biggest FMCG company in the world?

Switzerland's Nestlé is the world's largest fast moving consumer goods company, followed by two US-giants: Procter & Gamble and PepsiCo.08-Feb-2021

What is the future of FMCG sector?

Growing *The FMCG market in India is expected to increase at a CAGR of 14.9% to reach US$ 220 billion by 2025, from US$ 110 billion in 2020. *Indian packaged food market is expected to double to US$ 70 billion by 2025.

What is the difference between CPG and FMCG?

FMCG refers to products that are used (nearly) every day by consumers. CPG products are purchased regularly. FMCG, on the other hand, can be thought of as a subset of CPG, a collection of products that sell a little faster than the others. Toiletries – Soap, shampoo, deodorant, and toilet paper.30-Apr-2022

What makes a good FMCG innovation?

Rather than trying to stand out from other products, brands should innovate by trying to reach directly to consumers. Brands need to empathise and connect with their core consumer demographics, identifying their values and their lifestyles, and finding ways to become more relevant to them.29-Aug-2019

What is the full form of FMCG?

Whats the meaning of FMCG?

Fast-moving consumer goods (FMCG), also called consumer packaged goods (CPG), refer to products that are highly in-demand, sold quickly, and affordable. Such items are considered “fast-moving” as they are quick to leave the shelves of a store or supermarket because consumers use them on a regular basis.28-Apr-2022

What are 5 key roles in the supply chain?

What roles are available in procurement and supply chain?

• Buying products or services. Purchasing is a key component of any procurement role.
• Managing procurement processes.
• Supplier relations.
• Understand business goals and objectives.
• Policy management.
• Sustainability & Ethics.
• Manufacturing.
• Merchandising.

What are the 5 areas of supply chain?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.31-Aug-2020

What are the 8 supply chain processes?

The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.

What are the main challenges facing FMCG companies today?