EY worked with the Consumer Goods Forum to survey 42 senior executives of large organizations in the consumer products and retail sectors. The interactive report was supplemented by in-depth interviews with select companies that had completed the survey. The respondent distribution is shown below:
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How EY’s Global Consumer Products team can help your business
Strategic trends are driving the next wave of supply chain evolution, creating different challenges and opportunities in industry sectors and services. With more than 2,400 supply chain and operations professionals across 150 countries, EY has a truly globally integrated supply chain organization addressing clients’ most complex supply chain transformational problems and delivering innovative, superior and sustainable results.
Consumer products companies are operating in a brand new order, a challenging environment of spiraling complexity and unprecedented change. Demand is shifting to rapid-growth markets, costs are rising, consumer behaviour and expectations are evolving, and stakeholders are becoming more demanding.
To succeed, companies now need to be leaner and more agile, with a relentless focus on execution. Our Global Consumer Products Centre enables our worldwide network of more than 17,500 sector-focused assurance, tax, transaction and advisory professionals to share powerful insights and deep sector knowledge with businesses like yours. This intelligence, combined with our technical experience, can assist you in making more informed strategic choices and help you execute better and faster.
About The Consumer Goods Forum
The Consumer Goods Forum (“the CGF
”) is a global, parity-based industry network that is driven by its members. It brings together the CEOs and senior management of some 400 retailers, manufacturers, service providers, and other stakeholders across 70 countries, and it reflects the diversity of the industry in geography, size, product category and format. Its member companies have combined sales of EUR 2.5 trillion and directly employ nearly 10 million people, with a further 90 million related jobs estimated along the value chain. It is governed by its Board of Directors, which comprises 50 manufacturer and retailer CEOs.
The CGF’s mission is, “Bringing together consumer goods manufacturers and retailers in pursuit of business practices for efficiency and positive change across our industry benefiting shoppers, consumers and the world without impeding competition”. It provides a unique global platform for the development of global industry processes and standards as well as sharing best practices. Its activities are organised around the following strategic priorities: Sustainability, Product Safety, Health & Wellness, and End-to-End Value Chain & Standards, each of which is central to better serving consumers.
The CGF’s success is driven by the active participation of its members who together develop and lead the implementation of best practices along the value chain. With its headquarters in Paris and its regional offices in Washington, D.C. and Tokyo, the CGF serves its members throughout the world.
For further information, please contact:
The Consumer Goods Forum
GOLIN (PR agency)
+44 (0)207 067 0699
EY Global Media Relations
+44 (0)207 980 045