Anyone who’s familiar with the world of retail will have undoubtedly heard the term ‘CPG’ before. But what does it refer to and mean in regards to today’s retail industry? Let’s also explore some sample CPG brands and CPG Product examples. Let’s take a look. ...
It needs to be much more evolved, and what’s worked in the past will definitely not work in the future. And there is some real opportunity of cross-fertilization. And I mean that on two fronts. One is learning from markets that you’re not in today. And the second is...
Thinking about specifications from a business perspective, CPG companies typically have an abundance of specifications for any given product they carry, which includes both the product and its packaging. Specs influence millions of dollars in the CPG industry – consider what happens to production ...
It is often challenging to rationalize the design process managed by PLM and the manufacturing activities that are managed by ERP. There is much overlap, and many companies have tried to give emphasis to one or the other with mixed results. Both are necessary to successfully harness...
of the McKinsey on Consumer and Retail podcast, Sajal Kohli, the leader of McKinsey’s global Consumer Packaged Goods (CPG) and Retail Practices, describes the state of the industry (“an unpredictable mosaic of fortunes”) and the actions that companies can take to thrive in the next normal...
And then there's also verticals where we would say, "Oh, I'm the automotive guy, so I do automotive CG." Or, "I'm the person who does CPG or I'm the guy who does in-tags," or whatever. And it's like a vertical specialization. What I have to try and advocate to people is...
(3)根据前句"What does candy-coating something mean?"(candy-coating是什么意思?)可知,此段描述内容与"candy-coating"有关,选项E"因此,在一个困难的事实或情况上涂上糖果意味着你不会直接讨论它的糟糕部分"符合语境,故选E。(4)根据前句"If you like sweet food."(如果你喜欢甜食。)可...
When your customers are on so many channels, it does get overwhelming, like finding a needle in a haystack. Aspire to become channel-less! Now, you might ask, why so? Because how long will you keep hopping from channel to channel trying to resolve a query while keeping up with the ...
Going DTC doesn’t mean you need to burn bridges with retail partners. Here’s how to maintain retail partnerships. Share customer insights with retailers DTC models make it easier to build relationships with customers. Give back to retailers by gathering customer data that will improve their sale...
So what does this all mean for leaders? How should they adapt their style and approach to the role when AI advances are ricocheting towards them in every direction? Yes, the potential is enormously exciting but there are risks, too, and navigating this uncertain terrain is far from straightfor...