CPG industry is undergoing significant changes due to the rise in internet commerce, emerging global markets and increased awareness among consumers. The industry will remain competitive in the future due to the presence of several established players, and this competition has lead to innovation and design. As consumers look towards cheaper products, industry leaders are constantly looking for ways to reduce cost of the products in several ways – using Six Sigma tools provides a framework that allows large players to make innovations, reducing waste and using e-commerce technologies.
Future of CPG Industry
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• P&G: Using rocket science to boost sugar drink
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• Most innovative Consumer Products Company
Sustainability - clean & green
The concept of Green Technology includes products that consume less energy from manufacturing until it reaches the consumer. The growing movement encompasses multiple concepts and approaches, including sustainable farming and manufacturing processes, green building methods, and application of technology in ways that improves the environment. Green efforts often provide cost efficiency, continuous improvement and profitability which is another reason for companies to pursue Green Initiatives. This reduces green house gas emissions and conserves resources such as water and energy.
Green Technology
Waste disposal forms just one component of the sustainability issue; others being green house gas emissions and usage of toxic materials in production. With the largest environmental footprint, use of more natural resources than other industries, and use of chemicals and energy, the CPG industry had to play a major role in curbing its impact on the environment. Eliminating package implies reduction in significant volume of waste that is recycled or that goes into landfills.
Lean manufacturing is a management philosophy aimed at the elimination of waste in processes. Lean is often combined with Six Sigma initiatives, since the aim of both methodologies is to minimize waste and resources and optimize customer satisfaction and financial results by process improvement. Package-free products, latest in the innovation stream will save 70 million tons of waste every year.
Package Free
The concept of Green Technology includes products that consume less energy from manufacturing until it reaches the consumer. The growing movement encompasses multiple concepts and approaches, including sustainable farming and manufacturing processes, green building methods, and application of technology in ways that improves the environment. Green efforts often provide cost efficiency, continuous improvement and profitability which is another reason for companies to pursue Green Initiatives. This reduces green house gas emissions and conserves resources such as water and energy.
Innovation - faster, cheaper, local
Online Resources
Hangers display the number of online likes
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