CII Held National FMCG Summit 'Re-igniting Growth' in Mumbai on Monday
FinTech BizNews Service
Mumbai, December 11, 2023: The FMCG industry has demonstrated 3.4 percent volume growth over the last fifteen years - while consumption overall has grown at 6.1 percent. There is an increased need to focus on supply side actions to regain consumer share of wallet, says Abheek Singhi, MD and Senior Partner, Chair of practices, BCG. BCG report was presented at the CII FMCG summit today.
The Confederation of Indian Industry (CII) organized the 14th edition of the CII National FMCG Summit today in Mumbai. The theme of the Summit this year was “Re-igniting Growth”.
The Eminent Speakers included Suresh Narayanan, Chairman and Managing Director, Nestle India; Sudhir Sitapati, Co-Chairman, CII National Committee on FMCG & Managing Director and CEO, Godrej Consumer Products; Varun Berry, Executive Vice-Chairman and Managing Director, Britannia Industries; Ms Prabha Narasimhan, Managing Director, Colgate Palmolive India; Deepak Subramanian, ED, Home Care, Hindustan Unilever,
Aseem Kaushik, Country Managing Director, L’Oreal India; K Ramakrishnan
Managing Director-South Asia, Kantar World Panel; Rajneet Kohli
CEO & Executive Director Britannia Industries; Mohit Sud, Vice President, Marketing, Fabric Solutions Hindustan Unilever; Tarun Bhagat, Chief Marketing Officer, India Beverages, PepsiCo; Bharat Puri; Managing Director, Pidilite Industries; Abheek Singhi
MD and Senior Partner, Chair of Practices Boston Consulting Group (BCG); Sudhanshu Vats
Deputy Managing Director, Pidilite Industries; Phani Kishan Addepalli, Head Instamart – Swiggy; Damodar Mall. CEO-Grocery Retail, Reliance Retail and Navneet Munot,
MD and CEO - HDFC Asset Management Company.
The CII National FMCG Summit is India’s biggest conference on consumer-packaged goods (CPG). Driven by the immense support received from industry and stakeholders, the Summit has established itself as the apex forum for policy advocacy and perspective sharing for the sector and is normally attended by CEOs and CXOs of all the major CPG companies and many thought leaders in the consumer goods space every year.
Driven by the immense support received from industry and stakeholders, the Summit has established itself as the apex forum for policy advocacy and perspective sharing for the FMCG Sector. The initiative envisions the creation of an enabling environment for the growth and development of the sector, while simultaneously facilitating the creation of a sustainable and environmentally sensitive FMCG ecosystem.
Consumer demand in India has remained steady thus far against the backdrop of an uncertain global context. However, consumer behaviors and attitudes are changing rapidly, the distribution landscape is getting complex, and newer capabilities are fundamentally disrupting business models. Winning in this reality will require remaining ahead in fulfilling consumer needs through innovations in both offerings and operating models. A fusion of past learnings and agility in light of changing consumer and market contexts will be imperative.
