Trends In The Consumer Packaged Goods Industry The consumer goods industry faces a decade of slow growth, fragmented consumers, and volatile costs. learn how cpgs can renew growth and reduce costs with a change agenda that includes portfolio and performance improvement. Mckinsey experts discuss the latest trends and the most pressing challenges for leaders in the retail and consumer goods industries. hear about the immediate and longer term moves that matter most for business success. topics covered include strategy, technology, marketing, operations, and organization.
Top 25 Global Consumer Packaged Goods Companies Revealed Food Consumer businesses that market exclusively to younger consumers are thus missing out; they ignore wealthy aging consumers at their own risk. 3. the squeezed but splurging middle. we expect that cost of living increases in advanced economies will continue to put pressure on middle income consumers. The consumer products industry is used to finding a way through periods of uncertain demand. in the last couple of decades alone, unflappable executive teams have steered consumer packaged goods companies (cpgs) through two of the most unstable periods of modern times: the 2007–08 global financial crisis and the covid 19 pandemic. Demand hits new highs in 2021. for the first quarter, consumer packaged goods saw year over year growth of 8%, with sales totaling $1.62 trillion at an annualized rate. . within the quarter, each month proved to have higher demand than every month last year apart from march 2020, when panic buying sent cpg consumption skyroc. This holistic and sophisticated approach to personal wellness signifies a significant evolution. in 2024, this comprehensive and better for you trend will be a pervasive and transformative force, shaping how we perceive and prioritize our health journey. the better for you, or bfy, segment within the consumer packaged goods, or cpg, industry.
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