Executives and business owners of mid-sized CPG companies face unique challenges that differ from those of startups or larger enterprises.
These challenges stem from the need to balance growth, operations, and innovation while competing with both larger firms and more agile startups.
Here are the top ten challenges mid-sized consumer goods companies face, real-world examples of businesses that have successfully overcome these obstacles, and expanded solutions explaining how to implement these strategies in your own organisation.
All companies struggle at times, and mid-sized businesses have their own specific problems to solve without the resources of the larger organisations.
The examples in this episode show it is not only possible but sometimes in just a year or two.
The examples covered include:
- Prose: Improved employee retention by 20% over 2 years.
- Chobani: Achieved double-digit revenue growth annually over 5 years.
- RXBAR: Improved cash flow by 15% in 18 months.
- KIND Snacks: Grew DTC sales by 25% in 3 years.
- Beyond Meat: Became a leading player in the plant-based market over 5 years.
- Gatorade: Increased consumer engagement and repeat purchases over 2 years.
- Seventh Generation: Avoided fines and strengthened market position in 3 years.
- Clif Bar: Successfully transitioned key executives over 5 years.
- Mondelez International: Reduced waste by 15% in 3 years.
- Nestlé: Pivoted towards health and wellness trends over 5 years.
Mid-sized CPG companies face unique challenges as they navigate the complexities of growth, supply chain management, consumer trends, and competition from larger and smaller brands.
This Deep Dive covers the top ten challenges CPG companies face, supported by statistics, real-world examples, and actionable solutions tailored to this industry.