Industry Insights - Consumer Products & Retail

Industry Insights - Consumer Products & Retail
Industry Insights - Consumer Products & Retail

March 2022


Welcome to the March edition of Industry Insights for Consumer Products and Retail.

Resolve. We are seeing this play out on the world stage as you read this. While the situation remains fluid, companies and governments remain on high alert and we can expect to see the impact of these actions unfold every day.

In this month's issue we cover the implications on markets and companies as a result of the Russia-Ukraine crisis, loyalty program compliance with CCPA, and the impact of ongoing supply chain issues.


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Infographic: Top Risks for 2022 and 2031

CPG and retail industry leaders are concerned about pandemic related policies, supply chain and increased labor costs. This infographic highlights these and other industry risk issues identified in Protiviti’s global Top Risks Survey. See what else rounds out the top ten risks for 2022 and a decade from now. 

 

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Is Your Loyalty Program Compliant With CCPA?

For organizations that sell directly to consumers, loyalty programs can be an effective method for increasing revenue and encouraging brand loyalty. However, loyalty programs have recently come under increased scrutiny by California Attorney General Rob Bonta, in his enforcement of the California Consumer Privacy Act (CCPA).

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A Plethora of Priorities: Finance Leaders Have Their Hands Full

In a survey about top priorities, corporate finance leaders and teams in the retail and consumer packaged goods (CPG) industry ranked data security and privacy, enhanced data analytics, process improvement and challenges with regulations at the top of their list. 

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Putin Pulls the Trigger and the West Responds Again: What Happens Now?

A lot has happened since Protiviti's initial Flash Report offering a discussion of the implications to markets and companies as a result of the Russia-Ukraine crisis. Putin has ordered a full-scale invasion (dubbed a “special military operation”). This coordinated attack on the land, through the air, from the sea and across cyberspace is regarded by the West as an unprovoked act of war, leaving the rest of us asking 'What happens now?'.

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Infographic: State of ESG and Emerging Technology Initiatives at Retail and Consumer Products Organizations

Companies in the CPG and retail industries are exposed to Environmental, Social and Governance (ESG) risks across the value chain – from sourcing and manufacturing to the distribution and use of products. The ever-growing demands and expectations from consumers have forced companies to rethink sustainability for changing times.

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Creating a More Flexible and Resilient Supply Chain Starts With Identifying Key Risk Exposures

No matter what they make or sell — computers, pet food, cosmetics, textiles — companies around the world are grappling with significant supply chain issues. It’s easy to blame the global health crisis for these problems, especially the labor, material and shipping container shortages. But other factors that were years in the making have contributed to many of the current supply chain challenges we’re seeing.

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Webinar: Think Long-Term and Flexible: Supply Chain Impacts on Budgeting and Planning

How sustainable are your current solutions to the ongoing supply chain disruptions? How are these disruptions impacting your forecasting? Are you thinking about the long-term impacts? This challenging environment requires organizations to be more flexible and adaptive in order to swiftly respond to market conditions, but these solutions need to be considered from a long-term perspective and not a short-term fix. Join us on March 29th as we answer these questions and more. 
CPE: 1.2 credits available to qualifying live attendees

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