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Blog > Digital Transformation Drives Profitable Growth for Consumer Products Companies
Constant change and economic uncertainty present challenges for many businesses—and the consumer products industry is no exception.
However, opportunities abound for midsized consumer products companies to drive profitable growth.
This blog highlights the top challenges consumer products companies face and explains how digital transformation and technology solve them.
Record inflation has caused soaring raw materials, shipping, and labor costs. The global supply chain is unstable, and economic and geopolitical issues have created volatile markets.
Consumer behavior has changed. Customers want personalized digital experiences, full transparency into products’ raw materials and packaging, and information about your sustainability efforts.
And with countless online marketplaces and social media sites to shop from, competition among consumer products companies is fierce.
SAP, a technology pioneer, recently asked the International Data Corporation (IDC) to investigate how digital transformation affects midsized consumer products companies.
The IDC’s findings show digital transformation plays a critical role in attracting new customers, improving supply chain resiliency, and driving profitable growth.
And digital transformation isn’t a pipe dream—it’s simply using technology to make your business run better.
Today’s business climate shouldn’t prompt a “wait and see” approach to implementing new technology.
Forward-thinking consumer products company leaders recognize it’s more critical than ever to look closely at technology that:
You can find all of this in the cloud.
Cloud-based enterprise resource planning (ERP) solutions are transforming consumer products companies by optimizing processes, increasing agility, and improving product and service quality.
There are many cloud-based ERP solutions, but SAP S/4HANA Cloud, public edition (SAP S/4HANA Cloud) is a game-changer.
This modern, intelligent solution is the first enterprise-grade, end-to-end ERP system SAP built that’s deployed as a 100% software as a service (SaaS) solution.
SAP S/4HANA Cloud is built on an “adopt, not create” methodology, which means SAP developed industry best practices that eliminate the need for blueprinting and shave months off implementation time.
On day one, consumer products companies run on the tried, tested, and proven industry standards for large, efficient consumer products companies that have demonstrated their expertise and market niche.
With SAP S/4HANA Cloud, consumer products companies:
Whether your consumer products company is a startup, an established enterprise, or a complex operation with subsidiaries, SAP S/4HANA Cloud drives growth and success.
For over 30 years, Vision33 has helped companies integrate and automate their processes and applications and taken on digital transformation initiatives before, during, and after technology implementation.
We’re a multi-award-winning SAP partner, and our experts have created a free SAP S/4HANA Cloud info kit. Access it below to explore the next-generation cloud-based, intelligent ERP solution that will quickly drive your business forward and deliver a fast ROI.
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