FMCG Industry Business Outlook and Procurement Survey H1 2016
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Uncertain market conditions are not hindering the growth prospects of the FMCG industry over the next six months, as companies are planning to focus on new product development, expand in the current markets, and improve operational efficiency in H1 2016 (Apr 2016–Sep 2016). FMCG executives are confident about emerging markets such as China and India, and developed markets, namely the US and UK, contributing significant growth towards the FMCG industry during the next six months. Although the highest percentage of global FMCG executives projects an increase in merger and acquisition activity over the next six months, they intend to increase capital expenditure on new product development, and machinery and equipment purchases. Procurement activities will increase on IT services and capital equipment purchases amid the expectation of a surge in supplier prices over the next six months.
Scope
• Expansion in current markets and new product development are major priorities for FMCG organizations during the next six months (Apr 2016–Sep 2016)
• The US and the UK are highlighted as prominent growth offering developed markets
• Capital expenditure on new product development, and machinery and equipment purchases are projected to increase during the next months
• Survey respondents expect an increase in procurement activities on IT services and capital equipment purchases in the coming six months
• The majority of industry executives foresees an increase in supplier prices, while 22% anticipate no change.
Reasons to Buy
FMCG companies can realign business strategies by knowing the business priorities indicated in the report
Organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed markets highlighted in the report
Helps organizations to adjust their procurement budget by providing information about procurement budget projections anticipated by executives for Apr 2016–Sep 2016
Organizations can implement effective price management by viewing supplier price variations highlighted for H1 2016.
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