WHAT IS FAST MOVING CONSUMER GOODS (FMCG)?
FMCG (fast moving consumer goods) is a term that is used to refer to those goods which are sold through retail stores. These goods have a short period of shelf life and as such are used up within days, weeks, or months.
TOP 7 FAST MOVING CONSUMER GOODS
1. PROCTOR & GAMBLE:
Headquartered at Cincinnati in Ohio, United States, Procter and Gamble is a Fortune 500 American multinational company. It was founded in October 31 1837 by William Procter and James Gamble. Its flagship and best selling brand is ARIEL laundry detergent which was launched in 1967. This detergent is available in different variants. The company also manufactures other best selling products that are highly popular around the world.
Nestle is a Swiss multinational engaged in the production of different food products. It has its presence in more than 100 countries. It produces several top selling products in different food categories. Some of its best selling products are LEAN CUISINE, Maggi, Boost, Kit Kat, Friskies, and Nescafe etc.
Unilever is a multinational engaged in the manufacture of different products like foods, personal grooming products, detergents and beverages etc. This British-Dutch company is the owner of over 400 leading brands in the world out of which 13 are billion dollar brands. One of its top products is AVIANCE which is a beauty product for women. This product is sold in many countries of Asia, Latin America and the Middle East.
There are many advantages of Nike being a multinational company such as multinational products and services provide the best possible standards. Because in a foreign country, Since customers are willing to spend their money on the best products, the multinational companies need to keep the strong competitors at bay so they must to produce really high standard goods. Secondly, multinational ...
Coca-Cola Company which is based in Atlanta in Georgia manufactures the world’s most popular soft drink COCA COLA. It was Dr. John S. Pemberton who created this drink in 1886. Coca Cola touched base in every part of the US by 1895. The company began its franchisee operations in 1899 and gradually it opened up bottling plants in every corner of the globe. The universal popularity of Coca Cola is undisputed. The Coca Cola syrup mixed with carbonated water created ripples everywhere and today you can get a Coke in any part of the world.
PepsiCo was created out of the amalgamation of two companies named Pepsi Cola and Frito Lay. The company which was formed in 1965 has its headquarters at Purchase in Harrison New York. It is a Fortune 500 company. PepsiCo is engaged in the manufacture of snack foods (grain based), beverages and other similar products. One of its best known brands is the cola beverage PEPSI-COLA. Created in 1893 its former name was ‘Brad’s Drink’.
6. BRITISH AMERICAN TOBACCO:
Another multinational tobacco major is the British American Tobacco company which is the world’s second largest tobacco company. It sells its tobacco products in several top markets across the globe. Many world-famous cigarette brands are manufactured by BAT. One of its top selling cigarette brands is PALL MALL. Some other leading cigarette brands manufactured by the company are Dunhill, Kent, Lucky Strike and Vogue.
Nokia is a Finnish multinational engaged primarily in the manufacture of mobile telephones. The company has its headquarters at Keilaniemi, Espoo which is near Helsinki, the capital of Finland. This mobile communication giant is the largest manufacturer of mobile telephones in the world. Its products are sold in every part of the world. Nokia has launched many innovative mobile systems and almost all its products have been hot sellers.
PRACTICAL INSIGHT What kind of market can attract a multinational company What can a multinational company bring to a new market, to a new country How can a multinational company improve the lives of the citizens of the new market and profit in the interim What kind of market can foster such a lucrative proposition What kind of an impact can a multinational enterprise generate In fact, China is ...