Consumer Goods and their value chain are going through a series of transformations. Buyers are very brand sensitive, while consumer behaviors are leaning towards those products which are sustainable. Also, from waste management, to regulations, as well as inventory management is driving the need for sustainable manufacturing of consumer products. Demand from consumers for well-regulated supply chain transparency models are some key drivers for Consumer Products companies to re-look into their supply chain management. With a focus on de-globalization and near-shoring, reduction of carbon emissions is a key area to look into.
One key part is to create a repeatable reuse, recycle and repurpose methodology on the value chain between suppliers, makers and distributors for any consumer products, be it perishable or not. Coforge is driving the “recycle and resustain” program through the following values in Consumer Products manufacturing:
- Focused efforts on enabling digital programs to closely monitor the manufacturing processes
- Clear control tower led supply chain and manufacturing focusing on hot items and gaps while running the business operations
- Efficiency and Experience focus across the value chain so that an organization can achieve a zero waste policy
Supply chain visibility, transparency and operations management through ERP, Industrial IOT and overall Data Analytics are key enables for the Consumer Products organization to embrace a zero-waste management policy.
