Key Highlights
- 67% of consumer products companies view upskilling as critical to maintaining competitive advantage
- 58% of consumer goods companies increased their investment in employee reskilling programs in 2023
- 72% of employees in the consumer products sector feel their skills need updating within the next two years
- 45% of consumer brands plan to implement AI-driven training modules for workforce upskilling
- 78% of consumer product companies recognize reskilling as a way to mitigate labor shortages
- 55% of consumer products firms are considering partnerships with edtech companies for scalable reskilling programs
- 60% of consumer goods companies observed a measurable improvement in productivity after implementing reskilling initiatives
- 49% of consumer companies plan to prioritize digital upskilling over traditional skills in the next year
- 63% of customer-centric consumer brands are investing in soft skills training
- 42% of consumer products companies say that upskilling initiatives have improved customer satisfaction scores
- 70% of the consumer products industry workforce believes continuous learning is essential for job retention
- 80% of consumer brands have introduced digital literacy programs as part of their reskilling efforts
- 55% of consumer product companies experience a skills gap in data analytics, which they aim to address through upskilling
As the consumer products industry accelerates into a future driven by rapid technological change and evolving consumer expectations, a remarkable 67% of companies now view upskilling as essential to staying competitive—and with over half increasing investments in employee reskilling programs in 2023, the race is on to redefine workforce development.
Digital Transformation and Technology Adoption
- 50% of consumer shelf-life products companies are exploring virtual reality training modules
Digital Transformation and Technology Adoption Interpretation
Reskilling
- 53% of consumer products companies are focusing on reskilling the frontline workforce to improve service quality
- 74% of consumer brands plan to increase their reskilling budgets in 2024
- 69% of consumer goods companies report that reskilling has helped close skill gaps faster
Reskilling Interpretation
Reskilling, Upskilling, and Workforce Development
- 64% of consumer companies report that reskilling has enabled quicker adaptation to market changes
- 57% of companies in the consumer sector have seen an increase in innovation following reskilling initiatives
- 59% of companies plan to focus on reskilling initiatives to support digital transformation efforts
- 79% of consumer brands plan to strengthen their reskilling programs by integrating real-time performance data analysis
Reskilling, Upskilling, and Workforce Development Interpretation
Sustainability and Corporate Responsibility
- 82% of consumer goods companies have redefined their training programs to include sustainability practices
- 69% of consumer brands are integrating sustainability training within their upskilling programs
Sustainability and Corporate Responsibility Interpretation
Upskilling
- 67% of consumer products companies view upskilling as critical to maintaining competitive advantage
- 72% of employees in the consumer products sector feel their skills need updating within the next two years
- 42% of consumer products companies say that upskilling initiatives have improved customer satisfaction scores
- 80% of consumer brands have seen a measurable improvement in employee motivation after participating in upskilling programs
- 50% of consumer brands consider sustainability-focused upskilling as essential for brand positioning
- 52% of consumer product companies are adopting peer-to-peer learning models as part of their upskilling strategy
- 61% of consumer companies believe that upskilling helps meet increasing regulatory compliance requirements more effectively
- 68% of consumer brands are expanding their diversity and inclusion training within upskilling initiatives
Upskilling Interpretation
Upskilling, Reskilling, and Workforce Development
- 58% of consumer goods companies increased their investment in employee reskilling programs in 2023
- 45% of consumer brands plan to implement AI-driven training modules for workforce upskilling
- 78% of consumer product companies recognize reskilling as a way to mitigate labor shortages
- 55% of consumer products firms are considering partnerships with edtech companies for scalable reskilling programs
- 60% of consumer goods companies observed a measurable improvement in productivity after implementing reskilling initiatives
- 49% of consumer companies plan to prioritize digital upskilling over traditional skills in the next year
- 63% of customer-centric consumer brands are investing in soft skills training
- 70% of the consumer products industry workforce believes continuous learning is essential for job retention
- 80% of consumer brands have introduced digital literacy programs as part of their reskilling efforts
- 55% of consumer product companies experience a skills gap in data analytics, which they aim to address through upskilling
- 45% of consumer brands see upskilling as a key strategy to reduce turnover
- 68% of consumer product organizations are leveraging online microlearning for employee upskilling
- 47% of consumer companies report that investing in leadership development has been boosted by their upskilling programs
- 66% of consumer packaged goods companies view data literacy as critical for future growth
- 59% of organizations report that upskilling efforts have improved compliance adherence
- 71% of consumer goods firms acknowledge that continuous learning impacts employee engagement positively
- 65% of consumer product companies have adopted online learning platforms to facilitate scalable upskilling
- 60% of consumer companies believe reskilling can significantly reduce training costs in the long term
- 76% of consumer brands are investing in AI-enabled learning systems to personalize employee training experiences
- 54% of consumer goods companies prioritize cross-functional training programs to enhance agility and innovation
- 67% of organizations see a positive correlation between upskilling and customer loyalty
- 62% of consumer product companies are exploring gamification techniques for employee learning
- 74% of consumer companies plan to incorporate virtual and augmented reality into their training programs within the next 2 years
- 58% of organizations see upskilling as vital for adapting to rapid technological change in consumer products
- 63% of consumer product companies recognize the importance of emotional intelligence training for customer engagement
- 55% of consumer brands are adopting flexible learning schedules to accommodate diverse employee needs
- 53% of consumer goods companies report that upskilling efforts have directly contributed to faster product development cycles
- 69% of consumer companies utilize chill-out zones and informal learning spaces to foster informal upskilling and collaboration
- 74% of organizations believe that investment in reskilling improves overall business resilience
- 61% of consumer products firms invest in leadership upskilling to prepare for succession planning
- 70% of consumer goods companies have implemented mobile learning apps to facilitate on-the-go upskilling
- 66% of organizations see upskilling as a way to boost employee morale and retention
- 54% of organizations are investing in digital badges and certifications to motivate continuous learning in the consumer industry
- 59% of organizations report that reskilling has contributed to more agile product innovation
- 73% of consumer organizations plan to increase funding for employee development in 2024
- 47% of consumer companies are utilizing social media platforms for learning and knowledge sharing among employees
- 69% of consumer enterprises believe that reskilling enhances innovation pipelines
- 82% of executives in the consumer industry see upskilling as essential for digital transformation success
Upskilling, Reskilling, and Workforce Development Interpretation
Workforce Development
- 48% of consumer companies report that targeted reskilling has helped enter new markets faster
Workforce Development Interpretation
Sources & References
- Reference 1MCKINSEYResearch Publication(2024)Visit source
- Reference 2ACCENTUREResearch Publication(2024)Visit source
- Reference 3PWCResearch Publication(2024)Visit source
- Reference 4FORBESResearch Publication(2024)Visit source
- Reference 5EDTECHMAGAZINEResearch Publication(2024)Visit source
- Reference 6BCGResearch Publication(2024)Visit source
- Reference 7DELOITTEResearch Publication(2024)Visit source
- Reference 8HBRResearch Publication(2024)Visit source
- Reference 9WPPResearch Publication(2024)Visit source
- Reference 10EDULASTICResearch Publication(2024)Visit source
- Reference 11SUSTAINABILITY-TIMESResearch Publication(2024)Visit source
- Reference 12WIPROResearch Publication(2024)Visit source