Rural demand for daily household products and groceries has been challenging in villages, potentially impacting the overall consumer goods sector s volume growth. Rural volumes, which have been lagging urban growth for over a year, could either decline or remain flat due to inflation and the proliferation of smaller regional players. Upcoming general elections and a further reduction in inflation are likely to lead to a gradual improvement in FY25.
Automobile manufacturers, consumer goods companies and appliance makers have observed growth in sales during Dhanteras and expect the trend to continue for the next three days. The manufacturers have reported a high double-digit growth during pre-Diwali Dhanteras sales, in comparison with the same period last year.
CGSM NOW ON DEMAND!
Couldn t make CGSM 2020 or want to re-watch a keynote speaker? Don’t worry! For the next 30 days, come back (at your leisure) to watch, download, and explore the virtual summit as much as you like.
The consumer goods and retail industries have been working toward a sustainability model for decades but have lacked the level of urgency and action required to make a measurable difference. Without significant action, the worldwide environmental crisis will only accelerate and devastate already struggling global ecosystems.
According to statistics compiled by the Sustainability Management School of Switzerland, an estimated 5 trillion plastic bags are used worldwide each year, 400 million tons of plastics are produced, and just 9% of plastic ever produced has been recycled. The global community needs to find a way to greatly reduce its reliance on single-use plastics and embrace a culture of sustainability if the worrisome situation is going to be revers
CGSM Now On Demand!
Couldn t make CGSM 2020 or want to re-watch a keynote speaker? Don’t worry! For the next 30 days, come back (at your leisure) to watch, download, and explore the virtual summit as much as you like.
If there can be a universally accepted truth in today’s consumer goods industry, it’s that the pandemic has served as e-commerce rocket fuel.
And while the panel of e-com experts who convened at the Consumer Goods Sales & Marketing Summit all brought varying perspectives, it was agreed that the brands able to seize this digital moment will be the ones that maintain a competitive advantage moving forward and that it requires a true team effort to get there.