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Consumer products are the foundation of the modern economy. The industry itself
can be divided into four categories: food, beverage, personal care, and small
appliances. The consumer products industry not only represents a significant
portion of the gross domestic product, but is also a major contributor to the
advertising and retail industry as well.
Consumers have become increasingly demanding of consumer products
manufacturers in recent years. As the U.S. population ages and social trends and
lifestyles change, consumers expect products to go far beyond satisfying basic
needs to providing more perceived benefits for the user, as well being better
for the environment. Success depends on innovation, as well as the effectiveness
of advertising campaigns and marketing programs.
Consumer products manufacturers continue to face rising commodity costs,
affecting every level of operation from manufacturing to transportation. Many
U.S. companies have already raised product prices and implemented cost-cutting
measures, and are now beginning to see the benefits of these actions.
Manufacturers are attempting to stimulate sales by entering new and emerging
markets in Central and Eastern Europe, China, and India, as well as, creating
new product categories, adding new distribution channels, and acquiring or
divesting businesses.
VRC serves major clients in the consumer products industry. Core services
include valuations for financial reporting and tax purposes, as well as
financial opinions with respect to valuation, fairness, solvency, and capital
adequacy.
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