With the changing landscape of global retail companies, key suppliers face increased competition and unpredictable economies. The resulting challenges for Consumer Products companies include:
Globalization – international expansion and penetration will be key to maintaining robust sales growth
Technology and innovation – Business-to-Business (B2B) e-tailing and consumer demand for “smart appliances” all present a unique set of risks and issues
Social, regulatory and political barriers – Corporate social responsibility, stricter environmental controls and consumer groups, all add to the pressures of sustained growth
Effective Brand Management – As consumers face a growing number of choices – manufacturers have to increasingly find ways to differentiate and manage brand portfolios effectively
Improving distribution – strengthening relationships with retailers by catering to retail price, product and distribution demands.
All this has to be achieved in an increasingly complex environment where expanding sales and keeping costs to a minimum are essential for future growth. KPMG works with a number of leading consumer products companies to help clients manage their business and technology risks and increase competitiveness by creating, releasing and protecting value. Our consumer markets practice uses in-depth business understanding to develop strategies that help clients stay one step ahead of the competition.