Urban poor remain a worry for FMCG companies; unlock brings hope

According to experts, half of urban sal­es or 30 per cent of total sales comes fr­om the urban poor, especially for food firms.

Topics
FMCG companies | Urban poor | Consumer goods

Viveat Susan Pinto  |  Mumbai 

As the second wave of the pandemic ebbs and the daily caseload falls, the struggles of the urban poor ha­ve come into focus. Many have su­f­f­ered income and job losses after two su­c­c­­e­­ssive waves.

The second wave, in pa­­­r­t­icular, has seen the poor being hit hard on account of lack of medical and financial help. For the fast-moving consumer goods (FMCG) companies this has meant that an important segment is under severe distress. To put things in perspective, urban areas contribute 60-65 per cent to an FMCG ...

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First Published: Wed, June 30 2021. 06:10 IST
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