Logistic overview in fmcg industry
The sector witnessed growth of While online shopping is gaining acceptance as an alternative to brick-and-mortar stores, there is a need for retailers to focus on bringing the digital experience to their physical stores. The right technology can give your company the agility you need to stay competitive whilst confirming to retailers very high service level requirements.
We provide invaluable solutions to the apparel industry, including real time inventory visibility, allowing our clients to get the most out of their assets and by improving inventory turns.
The brick-and-mortar retail sector has been facing enormous competition from online shopping. Road Ahead Rural consumption has increased, led by a combination of increasing incomes and higher aspiration levels; there is an increased demand for branded products in rural India.
Inventory management in fmcg sector
Additionally, local players are increasingly enhancing their capabilities in terms of inventory handling, service offerings, products handled, and technology. Cirrus Logistics has been helping FMCG companies to understand and develop their supply chains through our decision support software tools. Click here. There is a good projection for the contract logistics market in China. While online shopping is gaining acceptance as an alternative to brick-and-mortar stores, there is a need for retailers to focus on bringing the digital experience to their physical stores. Rhenus facility offers services such as handling, storing, order picking, and dispatching. Most of the global logistics players has a retail and consumer goods logistics division to meet the market needs and demand.
Preservation and processing capacity increased fromduring to 1. Consumer Products Consumer products turn quickly through the supply chain and the delivery to top retailers is critical for success.
The current online marketplace offers visibility of inventory status and expected delivery time and a variety of shipping options including free tracking options and easy returns.
Fmcg process flow
Semi-urban and rural segments are growing at a rapid pace and FMCG products account for 50 per cent of total rural spending. To understand geography trends, Download Sample Report Competitive Landscape The FMCG logistics market is fairly fragmented in nature with the presence of large global players and small and medium sized local players with quite a few players who occupy the market share. The Asia region is expected to provide some of the biggest growth opportunities for online FMCG over the next five years. Kenco has also supported our transportation needs. Cirrus Logistics has been helping FMCG companies to understand and develop their supply chains through our decision support software tools. Take It From Our Clients The GST is expected to transform logistics in the FMCG sector into a modern and efficient model as all major corporations are remodeling their operations into larger logistics and warehousing. The right technology can give your company the agility you need to stay competitive whilst confirming to retailers very high service level requirements. By offering value-added services, companies would differentiate their service offerings. The facility is designed with the ability to store temperature-sensitive products, fast-moving consumer goods, electronic appliances, spare parts and hazardous products. Typical assignments have included: Factory sourcing, to determine how to make best use of multiple manufacturing sites Production planning and scheduling Strategic transport planning, including integrated transport operations Warehouse design, internal layout and resource planning Related Case Studies. As a 3PL partner with decades of experience, we have aligned our companies around our industry verticals to provide seamless services to the FMCG industry.
The urban segment accounts for a revenue share of around 55 per cent is the largest contributor to the overall revenue generated by the FMCG sector in India However, in the last few years, the FMCG market has grown at a faster pace in rural India compared with urban India.
The growing e-commerce sales are creating opportunities as well as challenges to the logistics firms in terms of speed, delivery, etc. The Government of India has drafted a new Consumer Protection Bill with special emphasis on setting up an extensive mechanism to ensure simple, speedy, accessible, affordable and timely delivery of justice to consumers.
The sector has been enjoying healthy growth, driven by higher spending power among the middle-income class and declining cost of production which was a result of commoditization.
However, with increasing consumer demand for convenience, and better technology and other enabling conditions, online FMCG growth is accelerating across the globe.
based on 26 review