PODCAST: Managing complexity in the food and beverage industry
In a new podcast for Food in Canada, KPMG discusses SKU rationalization and the importance of reviewing your distribution network
To listen to the podcasts, click here.
The 80/20 rule applies to many Canadian Food and Beverage companies: 20 per cent of the SKUs are driving 80 per cent of the profit. SKU rationalization sounds like the perfect solution, but what’s holding companies back from getting results? Asking the right questions and applying a strategic, business-focused approach can help. But companies also need to focus on innovation to help keep SKUs under control over the long term. Plus, why reviewing your distribution network can cut your operations costs in half, and how technology can help. All of this is covered in our podcast series with Stephan Lauzon and Tom Vandeloo, from KPMG. To listen to the podcasts, click here.