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Women Representation in Top FMCG Companies Globally in 2021

  • LVMH, Procter & Gamble, Coca-Cola, PepsiCo, and Nike were the top FMCG companies in terms of market capitalization as of October 2022 with significant women participation
  • 71% of LVMH’s total workforce was composed of women in 2021
  • Over the past three decades, organizations have experienced an improvement in gender parity thanks to easier mobility of workers globally

Women in the Workforce

The gender gap in organizations has narrowed over the past three decades, giving more effortless labor mobility worldwide. There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labor market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.

Diversity, equity, and inclusivity (DEI) are critical to the business performance of the consumer sector, which encompasses retailers and consumer-packaged goods manufacturers, since consumers want to buy goods that reflect their values, wants, and needs. Consumers expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.

Top FMCG Companies’ Women Representation in 2021

LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a manufacturer and marketer of luxury goods with a market capitalization of $298 billion as of October 2022. In 2021, LVMH reported 71% of its total workforce were women. LVMH aims to achieve 50% women representation in its key Group positions by 2025.

Procter & Gamble Co (P&G) is a manufacturer and marketer of fast-moving consumer goods with a market capitalization of $296 billion as of October 2022.  In 2021, the consumer goods company reported 40% women participation in the workforce, an increase of 3.1 percentage points over 2020.

The Coca-Cola Co (Coca-Cola) is a producer, distributor, and marketer of non-alcoholic beverages with a market capitalization of $236 billion as of October 2022. In 2021, Coca-Cola reported 43% women participation in its workforce.

PepsiCo Inc (PepsiCo) is a manufacturer and marketer of non-alcoholic beverages and food products with a market capitalization of $224 billion as of October 2022. In 2021, women represented 27% of PepsiCo’s total workforce

Nike Inc (Nike) designs, markets, and distributes athletic footwear, apparel, equipment, and accessories for men, women, and children with a market capitalization of $138 billion as of October 2022. In 2021, the company reported 50.4% women participation in the workforce, an increase of 0.2 percentage points over 2020.

The list of top companies is based on market capitalization and the availability of diversity reports.

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