Dailene Kells’ Post

Our 2024 #ConsumerProducts outlook provides a glimpse into the industry’s recent economic performance and dives into the trends that companies will have to navigate—from #GenAI to shifting regulations. https://deloi.tt/48MC5LB

How big of an impact will #GenAI have on the #ConsumerProducts industry this year? See what industry leaders predict in our global 2024 Consumer Products outlook.

Deloitte has just released our 2024 Consumer Products Industry Outlook. 2023 strategies were focused on managing rapidly rising input costs and adjusting prices accordingly. Further significant price increases might not be possible in an uncertain economy where retailers are pushing back, and consumers are unwilling to pay more and often trade down. 2024 strategies are more likely to focus on profitable volume growth and a rebalanced product mix, while confronting newer challenges such as emerging regulations and generative AI. 

Significant price increases might not be possible in today's economy. What new strategies can help #ConsumerProducts companies fuel growth? Learn more in our 2024 industry outlook.

Interesting read, some happy Friday food for thought and tips! The 2024 Consumer Products Industry Outlook. Simply put, the article suggests that consumer products companies should focus on selling more products profitably, rather than just raising prices. This means companies need to come up with new ideas, advertise smartly, and improve how they work to attract more customers and grow their business without relying on higher prices. This is easier said than done and the companies' workforce is critical in realizing this! The shift requires people who are adaptable, innovative, collaborative, analytically skilled, globally aware, strategically minded, customer-focused, and efficient to effectively execute the shift towards increasing profitable volume outlined in the article. How can you realize this? ❗ ❗ Consider the 4 B's: build, buy, borrow, bot. One of the B's or a combination of them will inform your people strategy to respond to the trends described in the article. ☞ What are your thoughts? #workforcetransformation #transformationalchange

With rising prices in the consumer products industry hitting a ceiling, companies need to pivot to “profitable volume” for growth. Download our 2024 outlook to learn more. #consumer #profitablegrowth

Some consumer products companies are managing to do well despite the challenges of rising costs, difficult supply chains and new technology disruptions. This report gives great insights into how they are doing it.

As I reflect on the recent decline in share values for a well-known fast food giant, several factors could potentially explain this trend. While the specific circumstances might vary, common influences could include changing consumer preferences towards healthier options, increased competition from new market entrants, and potential operational challenges. Analyzing these elements can provide deeper insights into market dynamics and investor sentiments. Understanding the broader economic landscape and specific industry trends is crucial for investors to make informed decisions. What are your thoughts on this shift? #FastFoodIndustry #MarketTrends #InvestorInsights #ConsumerPreferences #HealthyEating #CompetitionInBusiness #OperationalChallenges #EconomicAnalysis #InvestmentStrategy #MarketDynamics #IndustryTrends #BusinessNews #FinancialAnalysis #Linkedin

Our recent poll showed that among rising #food #prices, increasing utilities, or economic downturn that 50% of respondents were most concerned about economic downturn. What else are #consumers feeling and facing in today’s market? In our new Consumer Outlook Report, we unveil key consumer sentiment-driven strategies essential for growth and success in this volatile age. Don't miss out on the trends shaping and reshaping industries today! Download the report now: https://lnkd.in/ekQxR7Hd NielsenIQ 

In 2024, the significance of Market Research has reached unprecedented levels. With consumer behaviors evolving rapidly, organizations must adapt or risk falling behind. Check out this excellent article that sheds light on 5 crucial trends to keep an eye on this year. https://lnkd.in/eRyCJN_P