The FMCG industry is witnessing rapid growth, driven by innovations in e-commerce and increasing penetration into semi-urban and rural areas. Food and beverages account for over 19% of the market, while personal care and household products dominate with more than 50%. The industry is undergoing a transformation in its approach to talent.
A rising focus on gender and ethnic diversity is reshaping how they attract, retain, and nurture talent across all levels of the organization.
In addition to these shifts in talent acquisition, the changing landscape of employment within the sector is also becoming more apparent. Gig workers, crucial for last-mile delivery, warehousing, and logistics, highlight the changing employment dynamics in the sector.
To improve their innovation quotient and address challenges like labor shortages and evolving market demands, companies are investing in a more diverse workforce. The push for diversity is no longer just a moral imperative, but a strategic advantage in a competitive market.