An uncertain economy will be a big challenge for Consumer Goods. This industry has been growing at a very fast pace till now. With this uncertainty, companies will look at more effective ways of increasing their top-line revenue.
The consumer goods industry will need to provide more effective Direct-to-Consumer Marketing, Location-Based Deals, and Machine Vision, and the IoT Consumer goods industry will need to provide more effective Direct-to-Consumer Marketing, Location-Based Deals, Machine Vision, and IoT Retail services. Digital services and Cloud technology are well placed to accelerate speed to market in these areas.
Fast-moving consumer goods (FMCG): These are products that are consumed on a daily or regular basis and are typically sold at a relatively low cost. Examples include food and beverages, toiletries, cleaning products, personal care items, and over-the-counter medications.
Durable goods: These are goods that have a longer lifespan and are not consumed quickly. Examples include appliances (such as refrigerators, washing machines, and televisions), furniture, automobiles, electronics, and other household items that are expected to last for an extended period.
