Business-Trends

SAVIC

Published on January 19, 2021   Less than a 1 Minute read

THE BIGGEST CHALLENGES BUSINESSES FACING TODAY

Overview

Consumer packaged goods (CPG) is an industry term for merchandise that customers use up and replace on a frequent basis. These are quick moving and are at relatively low cost. The industry has evolved rapidly to meet consumer demands. This has been possible with the advent of Artificial Intelligence and Machine Learning.

Seasoned business or a fledgling startup, we all face common challenges, how we respond to those challenges can either determine the success or continued success of that business.

As we approach the defining halfway mark of 2018, many businesses find themselves in a position of reflecting on their business progress, successes or failures. Analysis of your business achievements and ongoing targets should be regularly reviewed on a quarterly basis.

Funding & Cashflow

Few would disagree that a lack of funding in any business venture can be disturbing to say the least, compensating for that lack of funding can often stagnate a businesses progression making it difficult to achieve its original objectives.

Productivity & Overheads

There are many tools and subscription services available to your business which are designed to lighten your workflow and make your company more efficient; often these tools can come with a costly monthly subscription. If a service is saving your business a considerable amount of time more often than not, then the cost is typically a worthwhile and sustainable expense.

Processes

Having a streamlined process for your day to day operations is extremely important when it comes to a marketing perspective, it is imperative to ensure that you are maximising your efforts and that of your staff.