What is FMCG?
What is FMCG? Fast-Moving Consumer Goods (FMCG) , also known as Consumer Packaged Goods (CPG), refer to products that are sold quickly and at a low cost. These items include essential, everyday products like food, beverages, toiletries, and cleaning supplies. The FMCG industry is marked by high sales volumes, quick inventory turnover, and a wide range of products tailored to meet consumers' needs. Importance of FMCG in the Economy The FMCG industry is a critical contributor to the global economy, supporting economic growth, employment, and consumer spending. Its role in generating demand across various sectors underscores its importance. Here are some ways FMCG impacts the economy: Economic Growth and Employment FMCG provides numerous job opportunities across production, distribution, retail, and marketing. As a labor-intensive industry, it directly impacts employment rates and contributes to economic growth by creating both direct and indirect jobs, which boosts productivity an...