Consumer Goods Industry Seeing Some Big Numbers
In today’s consumer goods industry, everything but the products themselves is substantially larger than just a few short years ago, including sales figures, profits, retail prices, supply chain disruptions and costs for raw materials, labor, transportation and warehousing. The numbers prove that bigger isn’t always better, but as a whole, the consumer packaged goods (CPG) industry can expect 2022 to be another year of “strong financial performance,” according to Deloitte’s annual report on the industry. Just don’t expect it to be easy.
In Deloitte’s survey of CPG executives, nine out of 10 said supply chain issues were the biggest threat to company growth, and six out of 10 said the labor shortage and high inflation were threatening to erase growth this year. But even amid rising costs, the outlook is bright for CPG companies, largely because the essential nature of their products allows them to pass those costs on to consumers…
