Overview
The Consumer product industry’s faces many challenges due to instability in global markets, forceful competition, cost pressures, changing business models, and ever changing expectations of consumers. However, amongst these challenges there are many opportunities that are largely led by technological developments.
Digitalization must be adopted as the foundation for operational transformation, allowing firms to embrace business flexibility, utilize a global workforce, and ensure interactive experiences. A connected IoT network is key to gathering customer data, for aligning products to diverse customer needs. Automation can not only optimize existing manufacturer to wholesale to retail chain, but also unfold new modes of distribution via omnichannel pipelines.
Challenges
Intense competition and pressure to reduce cost
Shortage of skilled resources
Managing brand integrity
Pressure to innovate and accelerate new product development
Capture micro demographic shifts to create additional opportunities
Stringent local and global regulatory compliance requirements
Solutions
Real Time Supply Chain
- Demand-Driven Business Planning
- Logistics and Order fulfillment
Sales and Marketing
- Marketing Management
- Sales Management
- Trade Management
- Service Management
- Commerce Management
Agile Manufacturing
- Manufacturing Management
- Asset Management
Sourcing and Procurement
- Strategic Sourcing and Supplier Management
- Operational Procurement
- Commodity Management
Sustainable Product Innovation
- Project and Portfolio Management
- Product Lifecycle Management