Consultancy for FMCG and the benefits.
The Fast-Moving Consumer Goods market is highly competitive. Many segments are saturated, with brands competing strongly for retail shelf space, and increased market share. FMCG consultancy needs to address the challenges currently facing both manufacturers and retailers. This includes changing consumer tastes, developments in regulatory considerations and packaging requirements and the impact of e-commerce and On-line shopping. Of course, the biggest threat at the moment is economic and political developments such as Brexit.
From a supply chain perspective, the industry needs to adapt both sourcing programmes and distribution networks to meet these changing demands. Examples of initiatives being adopted by our clients to respond to these market conditions include:
- Evaluation of procurement and supply agreements. Here we look to contain costs impacted by volatile freight market conditions and fluctuating exchange rates. Also vital to the chain is optimising the flow of inbound products and raw materials.
- A review of warehousing to maximise efficiency and ensure readiness for increasing demands for multi-channel distribution. For many, better automation is a solution to increased productivity and a response to increasing labour shortages.
- Optimisation of transport networks is also vital. This is particularly so in ‘last mile’ delivery as the volume of business direct to Consumer (B2C) traffic grows. The increased accessibility of cost-effective transport management systems (TMS) also yields potential benefits.
- Re-assessment of outsourcing strategy is vital. This will ensure that ongoing contracts and service agreements with logistics service providers are aligned with future business needs.
- So FMCG consultants need to address many issues but without doubt, increasing market share and profitability is vital.
Client Benefits: Consultancy for Fast Moving Consumer Goods.
The team at Bisham Consulting has extensive experience working in this industry sector, assignments having been completed for a wide range of manufacturers and retailers covering a wide range of products including grocery, fashion and apparel, electronic consumer goods, automotive and convenience retail products. Examples of services provided include:
- Supply chain ‘rapid diagnostic’ operational reviews to identify shortcomings in logistics processes and service execution, and highlight areas for improvement and cost-saving opportunities.
- Procurement and inbound logistics strategy, covering sourcing options, trading terms and potential synergies in inbound freight flows.
- Distribution centre network design, location, layout, automation, and operational improvement, identifying lean processes for servicing omnichannel routes to market, and potential added value services.