What is FMCG finance?
What is FMCG finance?
Fast-moving consumer goods (FMCG), also called consumer packaged goods (CPG), refer to products that are highly in-demand, sold quickly, and affordable. Such items are considered “fast-moving” as they are quick to leave the shelves of a store or supermarket.
How does the FMCG sector work?
Fast-moving consumer goods are products that sell quickly at relatively low cost. These goods are also called consumer packaged goods. FMCGs have a short shelf life because of high consumer demand (e.g., soft drinks and confections) or because they are perishable (e.g., meat, dairy products, and baked goods).
Why should you join the FMCG industry?
FMCG industry offers things to an entirely new scale, and it is not unexpected from the industry that handles more than a billion accounts everyday. Working with the FMCG industry gives you the opportunity to be the part of some global success stories as well as be the influencer for the way consumers shop their household products. 5.
What are the factors affecting the sales of FMCG?
Some fast-moving consumer goods are highly perishable, such as meat, dairy products, baked goods, fruits, and vegetables. Sales of FMCG are usually affected by discounts being offered by the stores, and by holidays and other seasonal periods.
What are fast-moving consumer goods (FMCG)?
Fast-moving consumer goods (FMCG), also called consumer packaged goods (CPG), refer to products that are highly in-demand, sold quickly, and affordable. Such items are considered “fast-moving” as they are quick to leave the shelves of a store or supermarket.
How can FMCG overcome the global supply and demand challenges?
Alternative transport modes to support the global supply and demand changes are required to secure speed to market and to reduce the risk of delays. Regionalisation of supply and demand, with FMCG companies shifting their sourcing areas to markets where products are manufactured and sold.