CPG companies are focusing on alchemy to drive transformation in marketing in 2023. This includes extracting the core elements of products, selling brands, consolidating portfolios, re-investing in better-aligned products, and instigating complete restructures. The focus is on how products are sold and perceived, rather than what they are, and how they travel through supply chains, media channels, retail networks, and personalized messages. The goal is to produce transformative outcomes that will help them survive a bearish macroeconomic outlook.
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