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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. ” It also means that many of their purchases will be made through social channels.

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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

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. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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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

Last September, food journalist Christopher Doering ( @cdoering ) reported, “Private label brands have struggled to keep up with brand name offerings during the past year, according to data from IRI. In July of this year, Doering reported, “Private label demand is surging as inflation rages.” to $142 billion.”[3]

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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.

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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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