Be ready for new possibilities in a fast-moving world
On-time delivery is everything in the FMCG business. In a world that is witnessing disruptions, raw material shortages and increasing costs, it is critical for the FMCG supply chain to be efficient, resilient and agile. Stay ahead with an integrated logistics solution: one that optimises your FMCG supply chain, is mindful of the environment, and helps you go all the way.
Industry overview
Fast moving consumer goods (FMCG) form one of the largest industries worldwide. From our morning showers with a jojoba shampoo to our oats and fruit breakfast, or office outings at a local pub or snacks at a street vendor – our worlds spin around consumer goods.
The industry today is constantly being disrupted by ever-changing consumer preferences and new technologies. Customers demand innovative products, which means producing a wider range of goods at higher volumes quickly. In developing markets, consumers are also spending more, which raises the call for an expanded supply chain.
According to Allied Market Research, the global FMCG market is predicted to reach $15,361.8 billion by 2025, growing at an incredible 5.4% in the next five years. New avenues providing greater business opportunities. Research from Statista also shows that eCommerce is growing faster than traditional brick and mortar stores every year. Consumers are demanding new product offerings such as healthier and sustainable products, and this is expected to open new roads for FMCG players.
TTC – an able partner
FMCG leaders from all over the world trust TTC Shipping with their logistics because we understand the ins and outs of their operations. A dedicated in-house team of experts boosts our services by catering to every brand’s unique requirements. We specialise in several sub-verticals including Food, Beverages, Home Care, Personal Care, Tobacco, Cosmetics, Tissue and Hygiene Paper, and Consumer Packaging.
Our expertise in consumer packaged goods (CPG) supply chains helps build solutions tailored to your products and needs, by understanding the market and the change in consumer preferences.
Supply chain agility
- Flexible solutions for the changing transportation and FMCG logistics needs.
- Smaller shipments more direct and focused on quicker reactions.
- Alternative transport modes to support the global supply and demand changes are required to secure speed to market and to reduce the risk of delays.
- Regionalisation of supply and demand, with FMCG cargo companies shifting their sourcing areas to markets where products are manufactured and sold.
- The concentration of providers means that FMCG companies need to work closely with their business partners to achieve their overall goals.
Rise of supply chain technology
- Data-driven supply chain optimization through real-time visibility and cloud-based solutions.
- End-to-end data visibility facilitating decision-making processes.
- Transformation of traditional supply chains by the Industrial Revolution 4.0 with advanced robotics, autonomous technology systems and additive manufacturing.
Sustainability focus is increasing
- Visibility into transport and logistics options with lower climate impact compared to fossil fuel-based options.
- Expertise and advice to support your decarbonisation agenda.
- More focus on reducing plastic and waste in the FMCG supply chain.
- Emphasis on compliance on environmental and ethical production choices and increasing the customers’ awareness through sustainability labels.
Adding value to our customers
With TTC as your partner, take advantage of our deep understanding of the FMCG industry to build a more efficient supply chain.
We focus on offering agile solutions characterised by safety and digital innovation, led by a global team of highly talented logistics professionals.
” Changes in lifestyle majorly drives the growth of the FMCG market. Moreover, increase in global population, growth in awareness of FMCG products, frequent launches of new products, and effective advertisement of the FMCG brands are the other factors that boost the growth of the global fast moving consumer goods market.
Breaking down the layers of Party Logistics
As the debate between the different “PL” or party logistics continues, it may often get confusing to differentiate the various levels. Outsourcing logistics operations is essential for FMCG cargo companies. An-in-house logistics department may be cost-effective but takes away time and focus from your main priority – your business.
The right PL can help simplify your supply chain, lower costs and overcome coordination and visibility challenges. Here, we are taking the example of a dairy producer, Jake, to see how the different PLs impact his supply chain:
Overcoming the hiccups of a new partnership
The right logistics partnership can do wonders, not just for a supply chain but also for the teething problems of a new joint venture. See how we joined hands with an Early Life Nutrition brand to make sure that their new business found a strong foothold in the Asia Pacific right from the get-go.