FMCG stands for fast moving consumer goods. These goods sell quickly at relatively low prices and are also known as consumer packaged goods. They have a short shelf life for being highly demanded by consumers or are perishable goods like meat and dairy products. Some of the popular FMCG companies include Nestle, Unilever, and Coca-Cola.
There are three main categories of consumer goods: durable, non-durable, and services.
- Durable goods come with a shelf life of 3 years or more
- Non durable goods have a shelf life of less than a year
The FMCG falls under the non durable goods category and is the largest segment of consumer goods. Some of them are:
- Processed foods like cereals and boxed pasta
- Baked products like cookies and croissants
- Prepared meals
- Beverages like energy drinks and juices
- Cleaning products like glass cleaner and baking soda
- Cosmetics and toiletries like hair care products and makeup products
- On the counter medicines
- Office supplies
- Fresh foods, frozen foods and dry fruits, etc.
The fmcg industry is vast and dynamic which offers several career opportunities to young Enterprise. These products include household items brought from supermarkets on a daily basis like plastic goods, consumer electronics, beverages, magazines etc.
Young entrepreneurs open a supermarket by tying up with Almaya Group, which works with several fmcg multinational companies in dubai and other parts of the World. Furthermore, this industry welcomes graduates from any background at any time between manufacturing and consumption.
What concerns entrepreneurs more is the profit from the industry. Yes, the profits made on selling these items are low, but they are sold on an enormous scale regularly, which means a significant amount of profit margin. However, there are certain challenges in the industry. They have a short shelf life which means companies must have a target of selling as many items possible quickly and consistently.
You can open a company in the FMCG sector in Dubai with approval from the Dubai Department of Economic Development. Starting a company means a lot of work, from getting a license, collecting necessary documents, setting up a structure, hiring employees, and looking for suppliers and fmcg importers in dubai. Once everything is ready, they can start selling products in different ways through small shops, shopping malls, or online stores.
If you are from the STEM field, employers are looking for you to help FMCG companies improve their product quality and effectiveness, drive down the cost of products using technological advancements, improve the shelf life by increasing the product expiration date, and creating more environmentally friendly products with eco-friendly packaging solutions. Additionally, skilled scientists with ingenuity, expertise, and creativity have always been in high demand in these companies. There is no shortage of job roles for individuals from a science background and technologically skilled.