What Is FMCG?
Fast-moving consumer goods (FMCG) are consumer products with high demand, cheap cost, frequent use, and typical quick consumption.
FMCG Supply Chain Challenges
- Inadequate Infrastructure
- Availability across all channels of distribution
- The FMCG industry is dealing in issue with the tax
The fierce competition in the FMCG market has compelled brand owners to engage in combat. They’ve been compelled to join the fight to maintain their position of dominance. The only ways to connect with customers in the modern market are no longer through customization and specially crafted products. Instead, it’s about innovation, quicker deliveries, cost-effectiveness, and timeliness, as well as quality, utility, and unmatched features.
Consumer goods companies are expanding their search for new clients in new markets across the world in order to remain competitive in today’s market. Brand owners are increasingly offering a bewildering variety of local product variations through a sophisticated network of outsourced production partners in order to cater to these new client segments.
All of this has led to an increase in the supply chain system’s complexity and sophistication, which has negative effects including higher inventory levels than anybody could have anticipated, a lack of working capital for innovation, and poorer profits.
Read more: Top Supply Chain Challenges That FMCG Companies Need to Overpower