Published on : Jun 29, 2016
ALBANY, New York, June 29, 2016: A new market research report, titled “FMCG Industry Business Outlook and Procurement Survey H1 2016,” has been featured on ResearchMoz.us. According to the report, companies operating in FMCG market will focus on new product developments. Key players are expected to concentrate on the expansion of their current markets and also improve their operational efficiency in H1 2016 (Apr 2016–Sep 2016). Many industry executives expect an increase in supplier prices, but 22% anticipate no change, the report’s findings show.
Fast-moving consumer goods (FMCG) are products that are sold rapidly and at a relatively low cost. Examples of fast-moving consumer goods include non-durable items such as processed foods, toiletries, soft drinks, over-the-counter drugs, and others. FMCG items have short a shelf life either due to high demand from consumers or because they deteriorate rapidly. FMCGs that are highly perishable include meat, fruits, vegetables, dairy products, and bakery items. FMCGs that have a high turnover rate include soft drinks, chocolates, cleaning products, packaged foods, and toiletries.
Easier access and changing lifestyles are the major reasons behind the growth of the fast-moving consumer goods market. The rise in the demand for food and beverage, grocery, and personal care products is boosting the FMCG market. The market is highly consolidated and is influenced by local players and retailers.
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As per the report, emerging markets such as India and China as well as developed market such as the U.K. and the U.S. will contribute significantly to the FMCG industry in the next six months. Merger and acquisition activities are expected to increase in the next six months as companies intend to increase their capital expenditure on new product developments and machinery and equipment purchases. Procurement activities will increase on capital equipment purchases and IT services over the next six months.
The report analyzes the FMCG industry executives’ opinion on the key changes in merger and acquisition activities across the globe. It examines business concerns and identifies the threats impacting manufacturers and suppliers. The report tracks the expected change in capital expenditure both globally and regionally. It also determines the expected change in supplier prices in H1 2016. The supplier prices outlook and the views of organizations on e-procurement are also assessed.
The report contains useful statistics and perspectives of the FMCG industry executives that can help enterprises to realign their business strategy after understanding the business priorities mentioned in the report. The report will also aid organizations in developing expansion plans after understanding the growth offerings in developed and emerging markets. It discusses the respondent profile. The analysis of the strategic business priorities and procurement behaviors has been given. The report is presented in a clear and concise manner. It includes figures, charts, statistics, and graphs wherever required.
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