- FMCGs need to accelerate innovation to keep up with changing consumer preferences for plant-based products and less packaging
- M&A appetite for small, ethical brands has been on the rise, more than quadrupling over the last 5 years
- Industry faces potential disruption from physical risks caused by climate change, as well as upcoming packaging and labelling regulation
- Some companies stand out in tackling these challenges with Danone and Nestléleading the Food and Beverage sub-sector and Unilever and L’Oréal leading Household and Personal Care. Laggards include Kraft Heinz and Estée Lauder
February 25, 2019, London: The world’s top FMCGs1 including Nestlé, Coca Cola and P&G are in a race to adapt to rapidly changing consumer trends, including a rise in veganism and increasing activism on plastic packaging. This is revealed in a new report ‘Fast Moving Consumers’ from environmental non-profit and investment research provider CDP today. The report ranks 16 of the largest and publicly listed Food and Beverage and Household and Personal Care companies on business readiness for a low carbon transition.