Consumer industries companies manufacture goods that affect nearly every part of our daily lives—everything from clothing and shoes to home appliances and cell phones. These products are routed through retail channels to reach the end consumer. Consumer industries consists of several distinct business segments, including consumer packaged goods; consumer electronics and durables; softgoods; and telecommunications service providers. Each business segment within consumer industries is faced with similar yet distinct business challenges. There are similarities in the consumers that purchase these products, and these segments require a similar set of strategies to address them such as product innovation, fashion, and pricing strategies, as well as product and service bundling. Differences arise from the way in which the execution of these strategies ties to the channel, competition, execution, and fulfillment networks of each company.
|
