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    HomeBusinessSustainable BusinessConsumer packaged goods industry to be driven towards sustainable business models: NielsenIQ

    Consumer packaged goods industry to be driven towards sustainable business models: NielsenIQ

    KUALA LUMPUR: Governance and cost will force consumer packaged goods manufacturers, brands, and retailers to transform and commit to real, sustainable business models over the next five years to mitigate short- and long-term risk, according to a NielsenIQ report.

    The report, titled “The Changing Climate of Sustainability”, focuses on the impact of climate change on the consumer-packaged goods industry.

    It said that amid supply chain challenges, inflationary pressures, and cautious consumer spending intentions, consumers are more informed about sustainability and demand corporate action and accountability, the.

    “Sustainability has been on the corporate agenda for some time, as a slow burn priority where some businesses have made proactive decisions to get ahead of the pack and others have taken a wait and see approach.

    “Exploding energy costs, crop failures, and supply chain…

    Read full article originally published on news.google.com

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