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Finding growth and profitability in consumer products
Translate consumer challenges into growth and improved margins
In today’s dynamic market, middle market consumer products executives are paying close attention to essential factors that affect their growth and profitability. Whether through mergers and acquisitions, new products or technology, companies are investing in innovative opportunities for either brand extension, retail growth, global expansion or more.
Supply-chain nimbleness is essential to profitability. Consumer products companies should be focusing on every aspect of sourcing, from raw materials to logistics, customs and duties, and planning for unforeseen disruptions, such as spikes in commodity prices and civil disorder. At the downstream end of the supply chain, manufacturers, distributors and retailers constantly negotiate over returns, marketing support, volume discounts and margins to maintain profits. On the labor front, rising wage rates and competition for skilled workers nibble on the bottom line. Consumer products companies are leveraging technology solutions to help combat today’s labor shortage and rising costs.
As consumer products companies face increased pressures, it’s critical to be informed and stay ahead of the challenges and opportunities that may affect your company’s growth and profitability.
Middle market executives are somewhat risk averse when it comes to making capital investments. They could be missing an opportunity.
RSM’s industry insiders break down the answers to five key questions on how ASC 842 may affect the retail and restaurant sector.
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While Fulfillment by Amazon can provide advantages to consumer products businesses there are key areas you should address to ensure success.
On-demand consumer preferences are changing the way middle market restaurants and food retailers are doing business.
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