Increasing Resilience, Profitability, and Sustainability in the Consumer Products Industry - Futurum Tech Podcast The Intelligent Enterprise Industry Series

This episode of the Futurum Tech Podcast - Interview Series is the ninth installment of our Intelligent Enterprise Industry Series — done in partnership with SAP. I welcomed Paul Larson and John Buckley, executive advisors for the consumer products industry at SAP to discuss how they are helping organizations focus on furthering their intelligent enterprise story.

 

The Interconnected Consumer Products Company

 

SAP recently partnered with Oxford Economics to conduct a research study to identify how an interconnected mindset impacts organizations. It also covers the industry's progress to date. Consumer products companies have made a lot of progress in digital transformation but still have several areas to work on including collaboration, data-sharing, and talent management.  The report includes findings from 3,000 senior executives, including 300 from the consumer goods sector.

 

My conversation with Paul and John revolved around the following:

 

• How the consumer products industry is doing in 2020 and the effects COVID-19 has had on companies.
• The different ways executives are using systems thinking to break down silos.
• How organizations within the consumer products industry are using an integrated approach to reduce costs and improve speed.
• The impact talent has had on companies looking to improve digital transformation initiatives.
• How companies are able to get the most out of their data.
• The technology investments consumer products companies are making to spur digital transformation.

 

Paul, John and I explored some of the findings of the Oxford Economics report: The Interconnected Consumer Products Company that will have a big impact on the future. We only explored a few topics in the report and there's so much more to it. If you're interested in a comprehensive view of the subject download The Oxford Economics report here.