Transforming Consumer Industries in the Age of AI 2025
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Top areas where AI technologies can drive value in strategy and planning practices FIGURE 12
Digital-twin-based representation
of the entire enterprise value
chain enabling real-time visibility,
simulation and optimization
of business performanceConnected and integrated
strategic planning
Generative-Al enabled executive
co-pilot to monitor patterns, trends
and signals to flag deviations from the
plan and suggest appropriate insights Continuous plan
monitoring and adaptionA systematic and collaborative process
of exploring and evaluating multiple
possible future scenarios
A holistic and coordinated process
of aligning and synchronizing the
strategic, tactical and operational plans
across the value chain
A data-driven and AI-enabled process
of proactively predicting and detecting
deviations from the plan
A dynamic and iterative process
of optimizing and adjusting the planStrategic bet Reinvented processes
Source: Accenture.
3.3 Innovation and growth
Innovation and growth, as a mega process, takes
on different forms and different levels of urgency in
different consumer industry domains. Nonetheless,
it is integral to all.
Focusing on consumer goods manufacturers, for
example, it’s crucial to imagine the fulfilment that
can come with leading a team that can create,
prototype and test products within hours of
identifying new consumer needs. Additionally, it’s
essential to consider the potential of enhanced collaboration with supply chain partners, which
would facilitate the sharing of the latest data about
new material combinations and costs. In this
way, companies can realize added value through
greater speed to market, increased success
rates of innovations and reduction in waste and
unnecessary spending. The results of pilot projects,
projected to scale, show a 50% faster time to
market, an increase in innovation success rates
of 50-70% and a 20% decrease in time spent on
incremental innovation-related activities.32
Projected impact of AI transformation of the innovation and growth mega process FIGURE 13
Source: Impact analysis of genAI from over 1,800 Accenture client engagements, including companies in the consumer industries.Imagine a strategy team that uses such tools to
inform their decision-making and then communicate
and collaborate directly with R&D, marketing,
supply chain and ESG executives. One of the
biggest long-standing hurdles to transformation,
according to the Forum’s community partners,
is functional segregation. Deploying today’s
technologies may finally provide a means of breaking such segregation down. Based on pilot
performances, companies could see revenue
uplifts of up to 20%, cost reductions of as much
as 10% and an increase of between 15% and 30%
in earnings before interest, taxes and amortization
(EBITA) impact resulting from these activities.31
Figure 12 illustrates this concept.
50%
faster time to market50-70%
increased success rate
of innovation20%
decrease on time spent
on incremental innovation
activities
Transforming Consumer Industries in the Age of AI
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