Last updated : January 23, 2019 1:13 pm
Retail4Growth picks out 7 key trends happening in the FMCG selling space that reflect global and national trends
1. Modern vs General Trade
Even as the share of urban retail is expected to grow from 49% in 2015-16 to 52% by 2019-20 (report by Firstcall Research), rural
2. Omni-channel selling strategy
A Nielsen 2018 report says that in the FMCG segment, ecommerce market had grown three times, with online grocery purchase going up 15% globally in the previous two years.
3. Going the experiential way
Engagement and experience are increasingly are emerging key factors in the in-store communication of brands across categories. These include demo POPs and digital POP kiosks.
4. Increased role of technology
Gartner has reportedly projected that by 2020, 85% of customer interactions would be enabled without human intervention. Experts also predict that using AI, retailers will be able to understand, guide, anticipate and influence shopper’s purchase decisions.
5. Selling the health proposition
A GlobalData 2017 report reveals that a high percentage of the surveyed consumers preferred natural and essential oils for their personal care.
6. Communicating value positioning to an aware customer
An international survey by Cohn & Wolfe reportedly found that 87 % of global consumers prioritized brand integrity and authenticity over innovation and product uniqueness.
7. Variety in categorisation
Reports point out that FMCG companies are seeking to cater to consumers looking for regional flavours and delicacies. This again means a new approach to in-store communication and display.
For the full detailed feature on this, watch out for the January edition of Point of Purchase magazine.