The consumer goods industry is facing rapid change due to shifting consumer preferences, increased competition, and external pressures like geopolitical uncertainty and inflation. The growth of middle-class and affluent consumers has intensified the market share battle among local, regional, and global players. Meanwhile, digital channels and AI advancements are revealing inefficiencies in traditional models, pushing companies to innovate and transform. To stay competitive, businesses are transforming their operations to reach larger, more diverse markets.
Hiring and Talent Trends
Demand-side and systemic challenges may incentivize consumer goods companies to adjust their workforce, often resulting in diminished companies’ ability to deliver their strategic priorities
Rapid change in workforce structures
Recent report indicates that 92% of consumer company leaders plan to adjust workforce-related initiatives to address economic challenges by reducing the cost of workforce. This includes reducing training, restructuring, and shifting toward contract work.
Executive position stepping out, migrating, or transitioning to fractional basis
Cost optimization is primarily affecting executive and senior positions, leading to exits, relocations, or shifts to fractional roles. To mitigate this, companies are turning to AI to sustain effective leadership.
Increase in demand for digitally-savvy and know-how local talents
As global volatility rises, business leaders must stabilize supply chains and manage costs, increasing demand for talent in AI, data analytics, and supply chain optimization. In retail, local talent is crucial for understanding cultural demands and strengthening brands.
Monroe’s Solution
Business transformation efforts are indeed inevitable. However, it requires thorough consideration to ensure companies can deliver their priorities accurately. Not to mention the current highly saturated hiring and talent landscape that may lead to difficulties in matching the right talents to the right fields. With Monroe Consulting Group’s Talent Mapping and Recruitment Process Outsourcing (RPO), it is possible to benchmark and map existing talents in the industry for your company to maximise the transformation efforts.
Identifying the Talent Pool
Monroe’s Talent Mapping helps you identify and benchmark the ideal candidates with the optimal skills and experience desired by your company
Strategic Talent Management using Talent Mapping
We understand the unique challenges and opportunities of the consumer goods industry. Our expertise lies in designing data-driven compensation and benefits strategies thatsupport your company's long-term growth and succession planning.
Efficient and Personalized Hiring Solutions
Our RPO services provide a strategic advantage by delivering fast, effective, and personalized hiring solutions that help you build a high-performing team and achieve your business objectives amidst the rapidly changing market.
Conclusion
The consumer goods industry is undergoing significant transformation. In order to remain competitive, businesses must continue to adapt both their operations and workforce strategies to address these dynamic challenges. Partner with Monroe Consulting Group to secure the right talent and strengthen your workforce Get in touch with our team today!