By D7 on May 10, 2021 
Content
Explore Oracle Sales, Oracle Product Lifecycle Management, Oracle Order Management, and Oracle Financials. Reconomy Group is expanding vastly, having acquired 16 companies in the last four years. It needed an internal infrastructure shift to bring greater visibility over its broad finance and accounting systems, as well as increasing management of M&A integration. These needs were a perfect match for Anaplan, whose agile planning tools and user experience made the integration a breeze.
- For more on our Q2 market outlook or anything else in this blog please contact a member of our team and see how we can help you discuss your organisation’s 2023 digital transformation and M&A agenda.
- They are also engaging their consumers in new ways, listening to their voice on social media platforms and adapting their offering to cater to their emerging needs.
- Competitive pressures have ratcheted up with progressive customer consolidation and new upstart CPG brands stealing shares.
- In addition to reporting requirements, it was important for Reconomy Group to effortlessly integrate its newly acquired companies into the business.
- Operational hygiene factors have also proliferated with dimensions like direct delivery to stores, reduce returns, reduce wastage etc.
We grow and produce the highest quality potato-based products in Ukraine with the goal of supplying these to the global market. Consumers, investors, and regulatory agencies such as the SEC are demanding that companies actively address the climate crisis. Environmental, social, and governance priorities affect every facet of business and will determine the market leaders of tomorrow.
TREMCO CPG STRUCTURECARE SERVICES LIMITED
The deep dives will be based on OC&C data modelling / application of advanced analytics to pricing ladders, promo, SKU mix and trade terms. The volume of change in the retailer landscape makes it challenging for any CPG to effectively support retailers. For example, with the level of SKU proliferation and price ladders, it becomes difficult to design and implement targeted pricing and promotions, which also need to be dynamic, localised and personalised.
But the challenge of knowing where to begin leaves many business leaders stuck at the starting line. The most successful CPG companies see the complex situation they currently face, offering as much opportunity as it does challenge. 85% of profitable growth companies think the current business environment is an excellent opportunity to grow market share, compared to 52% for all other companies. As a result, we have accumulated a broad group of financial and accounting systems and it was clear that we needed a robust consolidation of these systems and an FP&A budgeting platform,” says Jody Fullman, Group CIO, Reconomy Group.
Support links
Past performance is not a guide to future performance and some investments need to be held for the long term. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC and its registered office at 1 New Street Square, London EC4A https://grindsuccess.com/bookkeeping-for-startups/ 3HQ, United Kingdom. Empowered by the Anaplan platform, Reconomy Group can plan and consolidate more confidently, with greater visibility. The company worked with Anaplan EMEA Partner of the Year Bedford Consulting to implement the financial consolidation and FP&A project.
- Lived in Eastern Europe for the last 20 years, specialising in seed potato production.
- Finally, the retailer lens is extremely important to CPG RGM, yet too often CPGs (still) think of retailers as competitors and see the relationship through a zero sum (and not win-win) lens.
- Get helpful tips on how to use company credit reports when making potentially critical business choices.
- After this assessment, a workshop can be conducted to agree on priority enablers and the level of gap to be filled.
- Food service is Compass’ core focus and contributes more than 80% of revenue.
- 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.
In the current European context, promotions have all become nearly cannibalistic. CPGs have stopped getting incremental sales from promotions and so have retailers (who do them only for the promo money). Since joining CPG, Tanya has implemented effective solutions for the accounting department, which has seen improvements in business processes and internal controls. Gain complete visibility into and control of the flow of goods across your company and global supply networks to navigate supply chain disruptions, optimize fulfillment, and improve customer satisfaction. CPG companies can establish trust with customers through blockchain-powered tracking and traceability while simultaneously improving transparency across the global supply chain.
Featured consumer packaged goods products
Extensive farming experience in processing and agricultural supplies as well as direct farming expertise. Streamline your global, mixed-mode manufacturing with an intelligent, optimized, and integrated solution. Deloitte LLP is the United Kingdom affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).
Large companies are also increasingly investing in direct-to-consumer (DTC) models and acquiring small, digital native companies. This M&A strategy allows them to both leverage their footprint to scale the newly acquired brands, and learn new, modern ways of engaging consumers (particularly younger demographics). We rapidly assess and prioritise commercial levers to identify quick wins and longer term prizes available to the organisation. Prioritisation of levers will be done by country to inform marketing and commercial portfolio strategy before detailed deep dives for diagnostics.
