ISSUE 1: Sustainability takes root as
Over the years, sustainability has become increasingly vital to growth across all major sectors, including the global food, drink and consumer goods (FDCG) industry.
Consequently, in order to minimise their
environmental impact, many FDCG firms have been working to maximise the use of sustainable business practices by adopting more energy efficient and green processes.
This also helps them reduce costs and enhance the consumer experience.
ISSUE 2: Commodity crunch in FDCG
Commodity prices have been volatile since 2008, and have steadily increased since the third quarter of 2010. Apart from weather-related and macroeconomic factors, political unrest and monetary policies have exacerbated the recent price volatility.
Consequently, food, drink and consumer goods (FDCG) players who rely heavily on both food and nonfood commodities for raw materials are under pressure to maintain profitability in a global economic environment where consumer confidence remains low.
ISSUE 3: Cloud computing making
headway in the FDCG sector
Cloud computing is gradually becoming the one-stop-shop for the technology requirements of food, drink and consumer goods (FDCG) players.
As it provides an easily accessible platform that can enhance affordable growth and productivity,
this technology is set to become a common practice in the FDCG sector.
For large companies, cloud has proved to be an effective means of reducing technology costs. For smaller players in particular, this technology offers
best-in-class computing capabilities at