Consumer Goods
Consumer Goods: Evolving Supply Chains
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The consumer goods industry is embracing digital tech like IoT for inventory, predictive analytics for forecasting, and robotics for warehouses, boosting efficiency and cutting costs.
This trend is affecting supply chains as companies aim to cut waste, optimize transport routes for lower carbon emissions, and use sustainable, ethical suppliers.
Firms are reevaluating strategies to build redundancy, diversify sourcing, and improve visibility to address geopolitical, economic, or natural risks.
Consumers seek personalized products and experiences, reshaping supply chains to prioritize flexibility and agility. This entails efficiently managing smaller batches and faster turnaround.
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