The CPG market has been growing in the last few years despite stiff competition from niche players, e-commerce occupying a larger market share, and the general shift in customer shopping behaviors.
COVID-19 has held the mirror to the vulnerabilities of our systems — from public health to global supply chains. There was an acute shortage of essentials across the globe. CPG and food and beverage (F&B) companies were struggling to move stock to places where they needed it. Even as enterprises are stabilizing themselves now, the dynamic nature of demand and the inevitable economic pressures that will follow, leave much to be desired. This is fundamentally due to the absolute lack of supply chain visibility.
Today more than ever, enterprises need supply chains that not only recover from the present crisis but also steer stability in its aftermath. At EdgeVerve, we believe that two things define supply chain resilience: Their ability to be ‘connected and ‘cognitive.’ The TradeEdge suite of products is designed for enterprises to achieve this vision. We’ve enabled 25+ global enterprises — across CPG, apparel, beauty, pharmaceuticals, food and beverages, and technology industries to begin this journey. When you’re ready, we can help you navigate your next.
Read Make Your Supply Chain Resilient for the Post-COVID Future now to help your CPG enterprise strengthen your supply chain for the turbulent present and volatile future.
Read the full article at: www.supplychainbrain.com
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