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Tuesday, December 24, 2024 | 03:51 AM ISTEN Hindi

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FMCG firms reset product, distribution for digital

Companies must have the right range, pursue targeted marketing and align supply chain to cater to growing sales channel

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Sangeeta Tanwar
E-commerce has been around for a long time, but it has focused primarily on non-FMCG (fast moving consumer goods) categories. More recently, it has evolved to include household products such as groceries and snack food. Digital is going to influence $45 billion (40 per cent) of FMCG consumption by 2020, says a Google India and BCG report, “Decoding Digital Impact: A $45B Opportunity in FMCG 2020.” It highlights that there will be 650 million Internet users by 2020, driven by increasing mobile penetration, with the highest growth coming from non-metros. Clearly, digital is now a means to reach the masses,

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