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cpg accounting

Over 30 years professional experience in various senior business positions and Industries. Since joining CPG Group in 2019, Ira has developed the group’s corporate relations, customs operations, infrastructure projects and EGP projects. Ira played a key role in organizing and coordinating the Pickups for Peace initiative in Ukraine, distributing over $1.5m worth of aid to those impacted by the Russian invasion. A leading figure in Ukraine with years of implementing modern production methods alongside regenerative techniques to protect the natural world. Founding Director and Chairman of Agri-Epi Centre, UK, which pioneers agricultural engineering, precision and innovation for UK farming. He also a founder of Agrico Poland, a subsidiary of the global seed breeder and potato trader.

cpg accounting

After this assessment, a workshop can be conducted to agree on priority enablers and the level of gap to be filled. These deep dives will inform the evolution / roadmap of “enablers” and how they will develop in 1-3 years. The first challenge is trying to understand the SKU mix deeply, because 20% of SKUs always end up diluting margins. Then, CPGs should think about the price ladders of SKUs in their portfolio and how they interplay. It is important to make the distinction between price ladders and price ‘per se’ of any given SKU. The aim should be to stretch the price ladders so that the entry point is lower and exit is higher, resulting in discounts for large pack formats to reduce.

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  • Explore Oracle Unity; Oracle Marketing; sustainable supply chains; and environment, social, and governance reporting.
  • Consumer confidence in the UK is down year on year; the macroeconomic landscape remains uncertain.
  • In 2022, most CPG companies reported positive top line growth and recovering margins on the back of the price increases they put through.
  • It should incorporate multiple objectives over different horizons (e.g. 1-year quick wins vs. 3-year objectives vs. a 10-year long term strategy).
  • CPGs have stopped getting incremental sales from promotions and so have retailers (who do them only for the promo money).

Healthy, free-from-X (different ingredients), green, sustainable, recyclable / reusable / returnable packaging are some of the trends that have gathered momentum in recent years. And so this now begets alternative categories (e.g. healthy, organic), no-plastic packaging have emerged. Decision-making has become complex with competing factors like targeting vs. increasing SKU complexity. Operational hygiene factors have also proliferated with dimensions like direct delivery to stores, reduce returns, reduce wastage etc.

CIB F&BM – RISK CPG PL Product Controller – Associate – London

Explore Oracle Procurement, Oracle Integrated Business Planning and Execution, and Oracle Supply Chain & Manufacturing. In 2022, most CPG companies reported positive top line growth and recovering margins on the back of the price increases they put through. As per Deloitte’s 2023 Consumer products industry outlook, 82% of CPG executives expect input costs to go up further this year whilst seven in ten think growing profit margins will be very challenging. RGM is really about continuously improving a CPG’s pricing and promotional activity, and SKU mix by retailer / channel. RGM as a whole develops a strategy, aligns the organization, builds the right systems and tools and ensures a joined-up mindset critical for optimising trade.

CPGs cannot create ideal price ladders, SKU mix, and promotion plans, trade plans etc., without thinking of the different needs of retailers and channels. The more fragmented the retail landscape becomes and more is the proliferation of SKUs, it becomes a complex (and sometimes impossible) exercise for CPGs to create the optimum marketing mix for different retailers. 2020 brought about a rapid and global shift in how consumers, retailers, and brands interact. In 2021, the long-term trends of digitisation and eCommerce, higher customer expectations, and transforming supply chains are accelerating. To meet these business initiatives, retailers must invest in their data foundation now. In addition to reporting requirements, it was important for Reconomy Group to effortlessly integrate its newly acquired companies into the business.

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