Digitalization in the Fast-Moving Consumer Goods (FMCG) industry is transforming the way companies operate, from manufacturing and supply chain management to marketing and customer engagement. Here are some key aspects of digitalization in the FMCG sector: Supply Chain Management: Data Analytics: Digital tools and data analytics help optimize supply chain processes, forecasting demand, and reducing […]
Sustainability and Eco-friendly Packaging: In 2024, there will be a continued focus on sustainability within the Fast-Moving Consumer Goods (FMCG) industry. Consumers are increasingly concerned about the environmental impact of packaging materials. Expect to see more companies adopting eco-friendly packaging solutions, such as biodegradable or compostable materials, as well as innovative packaging designs that reduce
Marketing is critically important for businesses for several reasons: Customer Acquisition: Marketing is the primary means by which businesses attract and acquire new customers. Effective marketing strategies help identify potential customers, communicate the value of the product or service, and persuade them to make a purchase. Brand Awareness: Marketing helps build brand recognition and awareness.
The FMCG industry is constantly evolving, and companies that want to succeed need to be aware of the latest trends and adapt their strategies accordingly. Here are some of the key trends to watch in the FMCG industry in 2023 and beyond: Sustainability: Consumers are increasingly demanding sustainable products, and FMCG companies need to meet this
The question is, how can a brand stay competitive as new companies emerge every day and threaten its position? One solution is competitive intelligence (CI) – a process that can drive revenue and keep brands ahead in their industry. Let’s get into what CI is, what it isn’t, and how brands can harness it. What
Marketing Budget for Small Business Marketing budgets are especially important for small businesses. Small business owners may lack the experience drawing up budgets; moreover, it’s critical that these companies keep costs as low and lean as possible as they scale. Ironically, you need marketing to scale. Without it, it’s hard to sell your products and
Dictionary.com defines marketing as, “the action or business of promoting and selling products or services, including market research and advertising.” If you work in a marketing role like I do, it’s probably difficult for you to define marketing even though you see and use it every day — the term marketing is a bit all-encompassing
Synopsis Marketing to South African Consumers provides core introductory marketing theory underpinned by a contemporary and localised South African perspective. South Africa has a unique hybrid economy with strong formal and informal economies co-existing in a deeply unequal society. This textbook maintains a classic view of marketing theory, but is written with a focus on consumer