IGD has identified the main trends that will influence the global retail & FMCG market in 2023. With inflation driving a significant increase in production costs and retail prices in most markets, organizations will focus heavily this year on optimizing costs, improving the efficiency of distribution networks and will look for new ways to deliver added value to consumers.
Currently, companies in the FMCG field are very quickly feeling the challenges brought by this very hectic period. The obstacles in the supply chain, the very frequent changes in purchase prices, the lack of raw materials, the cautious behavior of consumers - these are the most frequently mentioned challenges by managers of FMCG companies in Romania.
An automated warehouse brings increased performance and decreased costs. Order processing, inventory management, warehouse space optimization and end-to-end traceability are no longer a problem for a warehouse that has understood that investing in a modern, flexible and extensible WMS system actually means increased profitability.
Worldwide, distribution has become a particularly dynamic economic sector, and trade itself has undergone mutations on all levels, diversifying sales methods and forms of distribution. The main phenomena that generated this "mutation" are:
the demographic phenomena that left their mark on the evolution of customer tastes, favoring the modernization of distribution
increasing purchasing power, diversifying needs and ways to satisfy them
the transformation of the way of life determined by the increasingly high degree of urbanization, the expansion of large cities through the development of new neighborhoods, etc.
One of the most important tasks of the purchasing department is to reduce costs by optimizing stocks. A not so easy task, because it must be constantly juggled and avoid both overstock and stock shortages. A fine line and balance quite difficult to maintain without a process of continuous tracking and optimization.