From managing channel opportunities and supply chain challenges to addressing the tight labor market, consumer products businesses face a variety of issues this year. Retailers, restaurants, apparel companies, and food and beverage businesses continue to navigate a volatile economic environment.
- Consumers will likely stretch additional dollars toward experiences rather than goods.
- Companies will go beyond gathering information about the customers they serve and will look to make the data actionable.
- With packaging, storage and transportation costs expected to continue to climb, middle market businesses should be looking toward labor-enabling technology that will allow them to get more productivity out of their employees.