How FMCG companies can reduce CO2 and increase profitability?

What is FMCG logistics?
To understand the FMCG logistics meaning , you need to first understand what FMCG is. This acronym stands for goods that are sold rapidly, and at a low cost, including beverages, packaged food, toiletries, cleaning products & personal care products. And FMCG logistics involves all the steps to get these products quickly across the supply chain to the shoppers, via different channels.
What challenges do FMCG logistics face?
In a fast-paced market like FMCG, it can sometimes be a struggle to keep pace with the logistics demand & delight customers. Here are some of the top logistics challenges that your business is likely to face:
- Inability to maintain sufficient inventory to meet fluctuating demand
- Struggle to stay compliant with industry regulations
- Lack of visibility of the inventory & order status
- Lack of system & data integration to optimize the full supply chain
What are the key performances indicators for FMCG logistics?
Some of the KPIs that you should track when it comes to fast moving customer goods logistics are:
- Delivered On-Time & In-Full
- On-Shelf Availability
- Supply Chain Costs
- Carrying Cost of Inventory
- Average Time to Sell
- Out-of-Stock Rate
How can FMCG logistics be optimized?
FMCG logistics can be optimized by choosing the right third-party logistics (3PL) provider. For best results outsource your supply chain management, warehousing & distribution, inventory management, order fulfillment, and delivery optimization to a 3PL like GEODIS.