Key Highlights
2022 was a challenging year for CPG businesses. From rising inflation and geopolitical disruptions, to the ongoing impact of COVID-19 and changing consumer preferences, there was a lot of uncertainty in the market.
But what does this mean for CPG businesses as we look into 2023? In our latest infographic, we explore some of the key factors influencing this sector and the emerging trends, including:
- China+1 strategy and the rising exports from Asian countries
- Global waste crisis and the need for sustainable sourcing and circular economy
- Cost surges leading to innovation in product reformulation
- Increasing focus on raw material innovations
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