Global News and Digital Insights
for the Consumer Goods Industry

An insight to supply chain risks and their solutions in consumer goods industry

ConsumerGeniuses

ConsumerGeniuses

During the pandemic, few companies benefitted from geographically concentrated production, but it caused risks as well, affecting the entire production network. The supply chain network of the consumer-related industry is generally localized, however, the commodities dependent on international boundaries, such as cosmetics and apparel, led to major bottlenecks. Indeed, industries like food and drink, with a more regionalized supply chain network, have also dealt with difficulties. During these times, companies should focus on establishing an end-to-end transparent system, investing more in digitization, and improving collaboration with suppliers. Plus, they should embrace e-commerce and build a creative, and intelligent team of data scientists and engineers.

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