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The changing consumer products value paradigm-Does your company need to innovate - EY - Global

The changing consumer products value paradigm

Does your company need to innovate?

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Collaboration is increasingly a prerequisite to drive growth and improve sustainability.

How does your company answer the following questions? Based on the answers, it may be time to innovate.

  • Global companies are under increasing pressure from multiple stakeholders. Are you meeting their expectations better than your peers?
  • The environment is increasingly volatile, uncertain, complex, ambiguous and interconnected. Can you adapt faster than the pace of the market?
  • High-performing companies generate more value by responding to trends and being prepared for, and shaping, the future. To what extent are you a prisoner of past successes?
  • Value focused consumers are trading down to lower-priced products unless they perceive real differentiation. Why are you relevant to them?
  • Costs are rising and volumes are under pressure. Are your margins sustainable?
  • By 2030, 93% of the world’s middle class will live in emerging markets. Is your operating approach as localized as your competitors?
  • Consumers choose how, when and whether to engage with brands. How have you changed your business to optimize the digital opportunity?
  • Collaboration is increasingly a prerequisite to drive growth and improve sustainability. Who do you partner with?
  • Demand for resources, including water, is likely to exceed supply, constraining long term-growth. How vulnerable is your supply chain?

Need more information about how innovation may help you reach more customers? Contact one of our consumer products leaders today.



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