Outstanding consulting expertise for the consumer goods industry

The consumer goods industry refers to the companies that manufacture and sell products and services that are used by end users, known as consumers. This includes durable goods such as cars, household appliances and furniture as well as non-durable goods such as food, beverages and clothing. According to Statista, the global consumer goods industry was worth around 14 trillion US dollars in 2020, which underlines its economic importance.

In the DACH region and in Europe, there are a large number of major players in the consumer goods industry. These include companies such as Nestlé, Unilever and Procter & Gamble in the food and household goods sector, H&M and Inditex in the clothing industry and Volkswagen, Daimler and BMW in the automotive industry.

The consumer goods industry is facing a number of challenges, including volatile demand, increasing competition, the rising cost of raw materials and energy, changing consumer preferences and the need to promote digitalization and sustainability. External consultancies can make a valuable contribution to overcoming these challenges. They offer expertise and resources in areas such as strategic planning, supply chain management, consumer research, technology implementation and sustainability strategies.

There are many examples of how external consulting can support the consumer goods industry. For example, one consulting firm helped a food manufacturer realign its strategy and improve its operational efficiency, resulting in improved margins. Another consulting firm helped an apparel manufacturer implement e-commerce solutions that increased sales. A third consultancy conducted a comprehensive sustainability assessment for a car manufacturer and developed a roadmap to reduce CO2 emissions.

Current trends in the consumer goods industry include increasing digitalization and e-commerce, growing interest in environmentally friendly and socially responsible products and the development of new business models such as subscriptions and sharing concepts. Consulting firms can help identify and leverage these trends to unlock new business opportunities, improve operational efficiency and enhance sustainability performance.

To summarize, external consultancies play a crucial role in the consumer goods industry. They help to overcome challenges, improve efficiency, implement new technologies and practices and increase competitiveness. With the current trends and challenges in the industry, the demand for consulting support is likely to increase further.