What are FMCG (Fast Moving Consumer Goods)?
Fast Moving Consumer Goods are the goods that we consume or use on regular basis such as food, drinks, washing powder, toothpaste and many more. Due to short shelf life, these goods have to be moved quickly in the market. In the simplest words, these are the goods having expiry dates.
The UK FMCG industry
There are more than 7,000 food and drink companies giving employment to more than 400,000 individuals in the UK. Approximately, more than 10,000 new products are introduced to the market every year. Approximately 14% of the UK manufacturing sector is covered by food and drinks. However, exporting and importing FMCG products in the UK has been challenging in last two years. And, the year 2017 is going to be of some certain uncertainties due to Brexit. An over 3% decline is expected in the industry. Though it will be for a brief span of time, but due to higher import prices, revenue streams will be curtailed. This market turmoil will lead to lower profitability.
As the UK is the closest and largest trading partner of Ireland, a lot is going to depend on what FTA Ireland is going to do. FTA Ireland has also said that Brexit talks are vital for transport and logistics.
The situation is going to be challenging but not too bad. If you are keeping yourself updated with the latest happenings in the industry, you need not be nervous. And, when it comes to the trading, you can save your business from the after effects of the Brexit by having fast, complete and accurate details of available stocks. This will help in removing some of the middlemen from the line.
BondedPro-The Real Source provides you with fast, complete and accurate information of available stocks. Whether you are in the middle or at the end of the supply chain, when you know that where and how much stock of a particular FMCG is available, you can save your time and money as well.
Stay Profitable With BondedPro.
BondedPro brings a definite advantage for FMCG traders. They can get the price, availability and other details of Beer, cosmetics, confectionary, luxury items, soda, groceries, soft drinks, tobacco, Vodka, spirits, wine & champagne, toys & games, accessories and other FMCG. When the trading is moving from bricks to clicks, BondedBro has realized the importance of bringing all relevant information online. When you are a registered member of BondedPro, you get stock information from the direct supplier. Therefore, emails and phone calls to middlemen are eliminated. This saves the time and money of professional FMCG traders. Therefore, join membership program of BondedPro and keep growing in this short time market disorder.