For example, ZX Ventures is a global growth and innovation group that identifies âexciting opportunities to pilot new products, channels, occasions and retail experiences to offer more choice to consumers.â. Industry. Consumer-goods companies have been at the forefront of digital innovation in commercial areas such as marketing and sales. Common examples of these are food, beverages, clothing, shoes, and gasoline. Consumer products, also referred to as final goods, are products that are bought by individuals or households for personal use. Supply chain and operations have been less of a focus for their digital efforts, but recently, leading consumer-goods companies have started to explore the use of digital solutions in manufacturing processes. P&G has significantly streamlined its product portfolio in recent years. While nearly three-quarters of these companies posted revenue growth last year, the total dollar figure for the group was $1.73 trillion â $150 million less than the complete tally back in 2003, the first time thatÂ CGTÂ compiled the list. CDP India 2020 Climate Change Report: Tata Consumer Products retains its leadership position for best sustainability practices Dec 21, 2020 View all news. In other words, the consumer is king (or queen). In marketing textbooks, consumer products are classified into four related sets of products, namely: Below is a list of examples for classifying consumer products on this basis. Philip Morris International marked 2017 as a âlandmark year in its transformation for a smoke-free future.â The growth that the company experienced underscored the enormous promise of âreduced-risk productsâ (a term trending in tobacco company annual reports this year), the strength of the combustible product portfolio, and the commitmentÂ of its employees to leading industry transformation. Unilever. Next on the CIOâs to-do list is blockchain, which Davids believes holds intriguing potentialÂ for all large corporations. Impulse convenience consumer goods do not belong to the priority list of the consumer. Media in category "Consumer goods" The following 83 files are in this category, out of 83 total. All financial information was sourced from Hooverâs Inc. or, in some cases, the companyâs most recent annual report. *Dollar amounts configured by CGT using conversion rates on Nov. 14, 2018. Traditional companies arenât just buying up the emerging brands that have, in so many cases, beaten them online; they also continue to acquire each other in efforts to maintain shrinking market share or focus on different categories that better address the needs of todayâs consumers. The successful launch of core brands into new territories to drive categoryÂ growth all starts with âdeepening our understanding of consumers and occasions across all markets.â, With a deeper brand bench and the sheer scale of the combined companies, A-B InBev is set to dive into new and disruptive technologies to listen and reach these kings and queens. TheÂ deal was perhaps the most noteworthy out of the many that occurred over the course of 2017-2018, not necessarily because of its size (a $2.8 billion transaction) but because of the way it reflects a major companyâs response to changing consumer demand. Single-use goods are those which get exhausted in one use, e.g., chocolate, biscuit, ice-cream etc. Consumer nondurable goods are purchased for immediate or almost immediate consumption and have a life span ranging from minutes to three years. In fact, PMI attributes its strong financial results to the product development, commercialization and science behind flagship smoke-free product IQOS, which exceeded expectations. One such example of these initiatives are smart mobile apps that plug into social networks so the chainâs âBeauty Insidersâ can become vital members of thriving communities. In (2) marketing spend,Â it plans to drive down media ratesÂ and waste, reduce agency/advertising costs and improve efficiency of in-store materials and direct-to- consumer programs. Bureau Veritas S.A. Neue Straße 76/78 Ulm D-89073. Finally, overhead spending (4) will focus on increasing end-to-end business accountability. 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