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Consumer Credit, Generation Z, and the Consumer Packaged Goods Sector

Enterra Insights

Nothing is more central to the consumer packaged goods (CPG) sector than supply and demand — and few things affect supply and demand like economic trends. Fortunately, the deep recession that many economists predicted didn’t emerge. Most economists credit strong consumer spending for this soft landing. How long can that continue?”

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Emerging and Persistent Consumer Packaged Goods Trends

Enterra Insights

A strong consumer packaged goods (CPG) sector is essential for a healthy U.S. Brad Cook and Steve Hewitt , partners at Wipfli, report, “Consumer spending accounts for nearly 70 percent of U.S. ”[5] • Increase in private label purchasing. economic activity.”[1] ” • More inclusivity.

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Track the Supply Chain Metrics that Really Matter

Precoro

A transparent and well-controlled supply chain plays a crucial role in a company’s success. To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly.

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Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging

Logistics Viewpoints

Beer and food industries are particularly affected by the shortages of aluminum cans as most customers prefer take-home packaging. Many breweries were also reported to be paying premiums to purchase cans just to meet their immediate needs. Continued scarcity and overbuying have led to a perennial shortage.

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The Changing Consumer Packaged Goods Space

Enterra Insights

Nevertheless, the companies that were category leader in the early days often still are today. Some represent the ‘foundational brands,’ the companies that in the 1950s and 1960s epitomized the kind of smart marketing that is now ubiquitous.” Brand name manufacturers didn’t rest on their laurels.

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Climate Change is Also Changing the Consumer Packaged Goods Sector

Enterra Insights

Both consumers and enterprises in the consumer packaged goods (CPG) sector are taking notice. Analysts at NielsenIQ observe, “Positive consumer sentiment toward sustainability has been growing for more than a decade, but the impact of purchasing preferences has yet to inspire a green revolution within the retail industry.

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Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.