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The key to sustained growth in the home and personal care market will be emerging markets where the population boom and increase in disposable income will provide much needed growth.
To benefit from this opportunity, high performers will focus on specific categories of products in developed markets addressing longer-term trends such as aging, health consciousness and environmental impacts. The rapid population rise in emerging markets, however, offers a strong area for growth for players with the right combination of strategic alignments.
High performing companies have been able to appeal to emerging markets by effectively implementing a successful expansion strategy. By leveraging predictive analytics they are afforded strategic insights that enable intelligent decision-making.
Part of this analysis includes working very closely with partner retailers to get a real-time picture of demand so they can respond to market changes with lightening speed. Armed with the right information, high performers build sustainable growth through innovation and effective product lifecycle management, promoting their brands through cutting edge marketing channels that support claims-based advertising.
March 28, 2011
Outlook from Accenture
Outlook is a journal of high-performance business.
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