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Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG) [1] or convenience goods, are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods , beverages , toiletries , candies , cosmetics , over-the-counter drugs , dry goods , and other consumables .
Consumables (also known as consumable goods, non-durable goods, or soft goods) are goods that are intended to be consumed. People have, for example, always consumed food and water. Consumables are in contrast to durable goods. Disposable products are a particular, extreme case of consumables, because their end-of-life is reached after a single use.
Examples of nondurable goods include fast-moving consumer goods such as food, cosmetics, cleaning products, medication, clothing, packaging and fuel. While durable goods can usually be rented as well as bought, nondurable goods generally are not rented. Durable goods are typically replaced due to obsolescence rather than breakdown. [2]
The U.S. imported more than $24 billion of apparel in 2023, and consumer demand shows no sign of slowing. Fast fashion came to prominence in the early 1990s, though the concept had been around ...
A H&M store in Downtown Montreal. Fast fashion brands produce pieces to get the newest style on the market as soon as possible. [16] They emphasize optimizing certain aspects of the supply chain for the trends to be designed and manufactured quickly and inexpensively and allow the mainstream consumer to buy current clothing styles at a lower price.
Household goods are a significant part of a country's economy, with their purchase the topic of magazines such as Consumer Reports, their relocation handled by moving companies, and their disposal or redistribution facilitated by companies like Goodwill Industries, services like classified advertising and Craigslist, and events such as garage ...
It is a well-known consumer brand in Taiwan [3] and a major milk processor. [4] I-Mei Foods Co was the top fast-moving consumer goods brand in Taiwan for 2022, its 9th consecutive year number one, with 90% of Taiwanese households having purchased an I-Mei product, according to a 2023 study by Kantar Group .
Mass production has been linked to the Fast Fashion Industry, often leaving the consumer with lower quality garments for a lower cost. Most fast-fashion clothing is mass-produced, which means it is typically made of cheap fabrics, such as polyester , and constructed poorly in order to keep short turnaround times to meet the demands of consumers ...