CONSUMER GOODS
The consumer goods industry has come a long way and has evolved over the years with innovative business practices. Across the entire value chain, the industry has seen transformation resulting in optimizing business processes and implementing lean practices. Local companies have identified global customers and the reach of products is widely noticed with E-commerce on the rise in recent years. On the shop floor, however, smarter systems and better planning tools have led to cost reduction and low wastage thus helping local and global companies achieve profitability and sustainability. In the past decade, the major transition from "Mom and Pop stores” to supermarkets and now online stores has redefined the way people buy goods.
Distribution costs and inventory costs have reduced as well with many players engaging in forward integration business models. This has kept prices competitive and affordable to customers at all times. Using a mix of strategic planning tools and smart investments in IT systems, companies have evolved from being reactive to becoming proactive. Smarter planning tools have helped companies remain forward despite seasonal variances and poor demand. Blackboard consultants have assisted international companies partner with local companies in harnessing the power of collaboration and further making use of idle capacity (entire value chain) during seasonal cycles. The key results from such projects have worked for leaders expanding across growth markets keeping working capital low.
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