Helping your company stay ahead of the consumer products curve
Consumer products companies are facing challenges: they need to transform at an increasingly rapid rate to address unprecedented change. Half of S&P 500 companies will no longer exist by 2027, driving organizations that want to gain competitive advantage to focus on strategies that enable them to be more agile, resilient, and responsive to transformation.
EY teams have identified common trends and technology capabilities required in the consumer products industry in order to respond to disruption. EY Intelligent Consumer Products offering and EY’s industry knowledge can support your company to address these changes on SAP’s offerings through EY Accelerate for RISE with SAP®.
Here are few points of interest:
- 77% of consumers are changing the way they shop, presenting an opportunity for consumer products companies¹.
- 87% of digital buyers consider order delivery time a key determining factor when purchasing².
- 50% of senior supply chain executives expect autonomous and sustainably conscious supply chains by 2025³.
- 33% of jobs today will be performed by software, robots and machines — enabling a focus on value-adding jobs⁴.
The EY value-led approach
Our value-led approach is specifically designed for the consumer products sector and tailored to our clients’ business needs, with focus on:
- Defining a clear road map: This paves the path forward for each organization, whether they are embarking upon complete transformation, upgrading a previous rollout or somewhere in between. The EY team's approach has the ability to track business benefits from kick-off to go-live and builds enterprise-wide buy-in for change.
- Accelerating delivery: Our Intelligent Transformation Platform (ITP), which includes a complete suite of tools that drive a value-focused delivery, using automation to streamline and fast track system build, testing and data migration helps in accelerating the delivery.
- Jump-start your implementation with EY Intelligent Consumer Products: Our offering, based on SAP leading practices, features all key processes across finance, sales, and supply chain. It also includes industry specific EY differentiators around Smart Invoicing and Smart Factory.
- Putting people at the center: With this approach, we are engaging the business throughout the project to achieve successful, sustainable change.
- Bringing the whole of the EY organization: We are taking a whole-of-business approach — from tax, supply chain to climate change and sustainability — to unlock greater business benefits from the transformation.
The typical goal is to support you to harmonize and simplify processes and systems in order to improve business benefits and lower total cost of ownership (TCO) with minimal business disruption.