Consumer products services: Literature

Retailers that want to succeed in the future will have to keep pace with smarter consumers by providing new shopping channels, participating in social networks and using analytics to meet their demands.

To build a foundation for value creation, electrical and industrial wholesalers and distributors need to define and execute an expanded value proposition, build data-driven operations and create an adaptable business model.

In the midst of explosive population growth, increased urbanization, an evolving, demanding customer base and global climate and natural resource issues, the Consumer Products (CP) industry faces shifting market dynamics, channel challenges and renewed pressures for business model innovation.

Food distributors' traditional value proposition, which centered on storing and transporting goods, is no longer sufficient. In a consolidating and intensely competitive industry, these distributors will need to provide more value to remain competitive.

A strategic imperative for consumer product companies to empower and protect their brands.

To decrease the gap between what executives think IT should be doing for grocery manufacturers and consumer products companies, and what, in reality, is being accomplished, companies should invest more time during project planning to more closely align expectations of IT performance with objectives.

To ensure safety of the food supply and other consumer products, as well a enhance credibility with consumers, consumer products companies can turn to full value traceability to track product ownership throughout the supply chain.