The Future Of The Consumer Goods Industry 5 Key Things To Consider

The Future Of The Consumer Goods Industry 5 Key Things To Consider The retail and consumer packaged goods (cpg) sectors have seen such reversals in the past 15 years. in 2000, kmart was the third largest us retailer, with $36 billion in sales; by 2014, its annual revenues had declined by two thirds. over the same period, amazon’s annual sales grew to $89 billion from about $2.8 billion. Some of the most influential consumers of tomorrow are currently underserved. 1. young people in emerging markets. by 2030, 75 percent of consumers in emerging markets will be between the ages of 15 and 34. our data indicates these consumers may be optimistic about the economy and willing to spend.

The Future Of The Consumer Goods Industry 5 Key Things To Consider The future is fast approaching, and the consumer industry is on the precipice of dramatic change that will significantly impact the markets, models, and mechanics of consumer companies over the next decade. with all this uncertainty, one thing is clear: the strategies that led you to today likely won’t get you to the future. author: leon pieters. 5 things to consider about the future of the consumer good industry 1. fighting for consumer’s trust. the most important resource for a business is trust building. nine out of 10 executives polled by deloitte believe that those companies in the industry that lack openness and transparency are at greater risk of losing significant consumer trust. 1. sustainable practices and ethical sourcing. as environmental concerns continue to gain prominence, consumers are becoming more conscious of their impact on the planet. this shift in consumer behavior has led to a rise in the demand for sustainable and eco friendly products. in response, a wide array of forward thinking consumer goods. But profitable growth is difficult to achieve: in 2020–21, only 29 percent of all consumer companies were accretive growers. and it is even harder to sustain: only 6 percent of companies accomplished this feat in four or more of the seven years from 2013 to 2020. 1 based on annual reports, investor relations, and mckinsey modeling, n = 355 consumer goods companies.