A recent study predicts that the market for fast-moving consumer goods (FMCG) will grow from $10.02 trillion in 2017 to $15.36 trillion in 2025. The market will expand at a CAGR of 5.4% over the anticipated period.
การเล่นเกมส์ บาคาร่าออนไลน์ผ่านเว็บ เป็นการฝึกวางแผน ในการเล่นคาสิโนต่าง ๆ ได้เป็นอย่างดีเลยนะ เพราะอย่างที่เข้าใจนะ ว่าเรื่องราวของเกมส์คาสิโน แต่ละเกมส์จะมีรูปแบบ ของการเล่นที่แตกต่างกันไป
ซึ่งรูปแบบที่ว่า ก็จะมีทั้งเรื่องของ แนวคิดจากเกมส์เหล่านี้ ที่สามารถนำมาต่อยอด การเล่น การลงทุนให้ กับผู้เล่นต่าง ๆ ได้
The recent pandemic-related problems have hurt the world economy, but they have also given businesses a chance to review their business plans with an eye on speeding digital transformation.
It is safe to conclude that the pandemic is acting as a stimulant in organizational efforts to put technological advances into place to both protect against potential risks and fend off competition in a crowded market.
The “new normal” following the epidemic will see significant advancements in the FMCG business. Consumers have been confined to their homes because of the pandemic, yet their need for retail goods has grown recently. In order to increase revenue potential, this has opened up opportunities for businesses to provide omnichannel experiences to their customers.
To dramatically enhance production and productivity, as well as to ensure higher cost-efficiency and shorter time to market, FMCG businesses have recognized low-cost automation as a critical component in their digital transformation plans.
Taking Advantage of the Digital Transformation Opportunity
Labor costs have been steadily rising over the past ten years, in part due to the growing focus on workplace security and employee welfare. The importance of both organizational factors has only increased as a result of the pandemic. In the areas of artificial intelligence (AI), robots, and intelligent automation, for example, business leaders are being encouraged to make consistent investments.
Even while emergent technologies have a high implementation cost, they are becoming more cost-effective as they develop and will undoubtedly provide enterprises with favorable returns and a speedy return on investment (ROI) in the future.
The enterprise-wide transition to automation will be further accelerated by the requirement for frictionless operating channels in the new normal. In fact, businesses were automating non-critical, repetitive work even before the epidemic to boost productivity and cut costs.
Now that a large portion of the workforce is based in remote areas, the emphasis is on creating a reliable method for remotely controlling equipment with the aid of clever automation, comprehensive dashboards, and intelligent APIs.
The personalization of consumer offerings is a great opportunity that FMCG companies are also hoping to take advantage of. Human error frequently results in unforeseen consumer needs, and by failing to customize products for them, FMCG businesses fail to optimize their customer experience, which is quickly having a make-or-break influence on revenues and profits.
This gap can be effectively closed by utilizing advancements in big data analytics as well as by maximizing the potential of AI/ML, AR/VR, and other technologies.
FMCG companies can use intelligent automation to maximize their existing datasets by borrowing a page from the logistics and supply chain industry. They will be better able to predict demand, inventory levels, and delivery issues thanks to this, and it will also help them create individualized items and deals for their current clients.
With time and on the basis of successful results, FMCG companies will utilize smart automation more and more for jobs that are more important and time-sensitive, expanding their penetration throughout the value chain.
Other crucial areas strengthened by low-cost, intelligent automation include product design, assembly, maintenance, inventory management, sales analytics, and product promotions.
Benefiting From Low-Cost, Intelligent Automation
FMCG companies already see good results from clever, low-cost automation. Increased uptime and standardized production are two of the most important advantages of automation. Autonomous mobile robots (AMRs), various types of customer-facing bots, and automated procedures are all greatly benefiting FMCG companies in this endeavor.
The internet of things (IoT) and ongoing sensor and camera utilization are assisting businesses in collecting and analyzing crucial machine data. This keeps the operators and controllers prepared in case of an unforeseen outage or equipment malfunction. Real-time, data-driven insights provided by intuitive interfaces and comprehensive consoles ensure ongoing availability and the proactive reduction of unplanned downtime.
Similar to this, intelligent automation that is inexpensive also provides higher scalability and adaptability. The use of algorithms and sensors that allow these robots to learn from human activities and better understand environments and topography is enabling smart robots to become more autonomous and adapt to human processes. The ability of intelligent robots to adapt is also giving FMCG companies more flexibility as they strategize their short- and long-term goals.
Everything ultimately leads to revenue intensification and cost optimization. Intelligent automation is enabling businesses to accelerate the achievement of their sales targets thanks to its quick learning capabilities. Automation is reducing ongoing expenses while enabling round-the-clock operation.
Intelligent automation is being used to alleviate the skilled labor shortage as well as reduce production bottlenecks and human errors. Future workplaces will be safer and fully compliant thanks to low-cost, intelligent automation.
With the aid of low-cost, intelligent automation, automation in the FMCG industry
are on the verge of completely changing their operational models and procedures.
The distributors and retailers have been able to boost efficiency and revenue through additional streams in the following ways:
- Better Decisions About Inventory Through Data Analytics
Distributors can now use data analytics and insights to determine a consumer’s buying habits. This enables them to arrange their inventory appropriately in accordance with trends and prevent any last-minute stock shortages. To corroborate their perceptions of customer shopping trends, they might also involve the shops and glean more information from them.
Distributors and retailers can spot any issues and stop them using data analytics. Additionally, they can forecast future patterns and discover opportunities for all supply chain participants by using historical data trends.
- Zero Stock-outs and Visibility Into the Inventory
Automation has increased inventory transparency and taken away the chance of an unexpected shortage of supplies. Distributors and retailers can benefit from real-time knowledge of inventory counts for specific products, which will aid in improved decision-making and reputation maintenance.
- Manual Errors Are Eliminated
FMCG is a labor-intensive sector of the economy, and with too much labor comes too many mistakes in procedures. Without any automation, every process in a supply chain—from emails to purchase orders to packaging—must be done by hand.
There is a great deal of room for human error, given the growing number of manual inventory counts and invoices.
Human involvement in supply chain operations is now minimal, thanks to automation. A labor-intensive, error-prone process has been automated so that it can now be completed by two people working together on a machine.
If you are searching for top-notch FMCG warehouse automation solutions, then it is time to turn to Vega India.
Check out their website and get in touch with their expert teams today!