GITNUX MARKETDATA REPORT 2024

AI In The Consumer Goods Industry Statistics

AI is expected to revolutionize the consumer goods industry by improving supply chain efficiency, personalizing customer experiences, and driving innovation in product development.

Statistic 1

"By 2023, AI deployment in consumer goods is expected to save companies $340 billion annually."

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Statistic 2

"Over 40% of supply chain leaders in the consumer goods industry plan to invest in AI in the next two years."

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Statistic 3

"Conversational AI is used by 33% of customer service teams in consumer goods industries."

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Statistic 4

"AI can reduce return rates in the consumer goods sector by 20-30%."

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Statistic 5

"AI-driven customer service can resolve customer queries 30% faster."

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Statistic 6

"Retailers using AI saw a 40% increase in consumer engagement rates."

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Statistic 7

"55% of organizations are using or planning to use AI for demand planning purposes."

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Statistic 8

"AI in consumer goods can lead to a 30-50% reduction in supply chain costs."

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Statistic 9

"The adoption of AI in e-commerce is projected to drive a 30% increase in sales by 2025."

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Statistic 10

"AI-driven inventory management can reduce out-of-stock situations by up to 80%."

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Statistic 11

"74% of IT decision-makers in retail say AI is essential to the future of their businesses."

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Statistic 12

"48% of consumers are comfortable with AI for product recommendations."

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Statistic 13

"The global AI in the consumer goods market is expected to reach USD 19.9 billion by 2026."

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Statistic 14

"70% of AI adopters in the consumer goods industry use it for customer insights and analytics."

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Statistic 15

"45% of consumer products executive believe that AI will significantly impact the consumer goods industry."

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Statistic 16

"37% of retailers are already adopting AI for personalized customer experiences."

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Statistic 17

"AI-powered pricing strategies can increase profit margins by up to 10%."

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Statistic 18

"By 2022, 60% of the top global consumer goods companies will leverage AI for optimized supply chain solutions."

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Statistic 19

"65% of consumers believe AI can create more relevant shopping experiences."

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Statistic 20

"AI in consumer goods can reduce forecasting errors by up to 50%."

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