Learn More: Consumer Products
As the world becomes more interconnected, your success is directly linked through networks to every stakeholder in your business. We can help you understand the issues facing the industry, including: consumer behavior and the growth of private label, Food and product safety, M&A within the industry, supply chain effectiveness and talent management.
Organizations are looking to maximize profits and market share in a highly competitive environment that includes challenges such as meeting the changing demands of customers, maneuvering through a consolidating market and executing strategies to grow profitably.
We help consumer product companies find the right solutions to make these challenges into strategic growth opportunities. Our practitioners take a source-to-consumer approach with our clients, giving each the latest information on trends and issues affecting its industry. From agricultural businesses, personal and household goods, and food and beverage companies to the apparel, textile, footwear and accessories sectors, our network of consumer product-focused professionals is mobilized around providing solutions and developing appropriate strategies to help companies exploit the opportunities associated with sustainable growth.
We offer services in the following areas of Consumer Products:
Apparel and Footwear
Challenges faced by the U.S. apparel and footwear industry would be difficult to overstate. Not only is the industry subject to slow growth, but wholesalers and retailers are reviewing many of the most basic considerations of how they do business. These critical issues include where to manufacture or source, properly defining a customer base and, for some, deciding how to be both more global and more market-specific. Companies that respond quickly and well to all the challenges and opportunities of these issues and more will be better positioned for growth in the years ahead.
Food and Beverage/Food Processing
These are formidable times for food and beverage companies. In addition to the long-existing pressures of intense competition, minimum pricing power and subdued market growth prospects, the industry is experiencing the public’s growing unease with certain operating practices and product offerings.
Well-publicized concerns from social, governmental and medical communities regarding obesity, food safety, portion size and product ingredients are prodding some companies to change the way they operate. Increased litigation and legislation are also playing into recent corporate decisions. Corporate earnings are seesawing. Financial comparisons are becoming difficult as companies respond in varying degrees to changing eating habits, brand attacks and government-mandated cost increases.
The selling of food and beverages globally is a multi trillion-dollar industry. Despite its huge size, annual growth is often limited to increases in the world’s population base. As a result, competition can be fierce within the industry. In an industry where overall growth is often limited to the low single digits, every competitive edge should be welcome.
Through our alliance with SAP, we are able to provide solutions, offer compelling value and set a new standard for serving the needs of the food and beverage industry.
Personal and Household Goods
Manufacturers of personal, household and durable goods confront a difficult business environment, including an uncertain global economy, worldwide overcapacity, rising energy costs, fears of terrorism and health alerts. For some time, a global economic recovery has remained more of a mirage than a reality. Pricing pressures have intensified and are expected to continue. A slow-growth environment means that companies are scrutinizing their balance sheets, looking to defer capital expenditures and reduce debt.
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As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.