2 min read Industry Insights - Consumer Products & Retail Welcome to the November edition of Industry Insights for Consumer Products and Retail.As we enter the season of gratitude, this month’s newsletter celebrates the latest in CPG with updates on technology-modernisation trends, data privacy efforts, and innovations shaping consumer choices. We're also excited to announce Protiviti’s inaugural Audit Innovator Award, recognising outstanding contributions in audit and innovation. Thank you for your dedication—wishing you a Thanksgiving season filled with insight and inspiration!Subscribe to monthly insights Featured Insights Let your voice be heard. Represent your industry. Take the Top Risks survey now!NC State University’s Enterprise Risk Management (ERM) Initiative and Protiviti, a global consulting firm, are pleased to conduct this global survey designed to identify the top risks likely to affect businesses over the next two to three years, with a particular focus on differences in risk perceptions across leadership roles, industries and geographic regions. Read more Technology-modernisation projects: Defining and delivering value Technology-modernisation projects must define and deliver tangible value to justify investment. Over the past five years, enterprise spending priorities have shifted significantly. Budgetary pressures, inflation, higher interest rates and the overall global economic climate have compelled businesses to emphasise maximising value and minimising financial risk across all operations. Read more Learn more about Protiviti: BLOG | INSIGHTS | WHO WE ARE Top 3 Consumer Goods and Retail Reads Data by default: How AI radically changes the data privacy landscape The advent of artificial intelligence (AI) makes data even more valuable, and thus raises the issue of data privacy and data ownership to a new level of importance, complexity and controversy. Read more The Hidden Costs of an ERP Transformation - Technology Insights Blog As a leader about to undertake an ERP transformation, it is important to remember that these projects rarely go as planned. Like a house remodel, there will be hidden costs to be addressed throughout the implementation. Whether it be that design tastes (requirements) change, the costs unexpectedly increase or an unexpected labor shortage that increases the timeline, it is important to learn from... Read more Audit Innovator Award Are you driving innovation within your internal audit department? Showcase your efforts and gain industry-wide recognition with Protiviti’s Audit Innovator Award! Protiviti, along with proud supporters, The Institute of Internal Auditors and AuditBoard, are looking for trailblazers who have developed cutting-edge tools, technologies or programs. Submit your application now and join a community of... Read more Popular Why Everyone Should Be Preparing for an SAP Datasphere Migration - Technology Insights BlogWebinar On Demand | Securing Yourself from Common Cyber Security ScamsGlobal Retailer Goes Digital: Revitalise with Power BI | Protiviti United States Protiviti Services for Consumer Goods & Retail Pro Briefcase Consumer Goods Protiviti helps Consumer Goods organisations to rethink core business operations and transform for evolving customer needs and stakeholders’ expectations. Our expertise helps companies to respond quickly to challenges and identify innovative ways to embed resilience, optimise margin and improve operational performance. Pro Workflow Flowchart Retail Protiviti helps Retail organisations including apparel and specialty, food, beverage and tobacco, restaurants and food service, and home furnishings sectors reach customers where they are through business transformation efforts focused on evolving customer needs. Topics Internal Audit and Corporate Governance Risk Management and Regulatory Compliance Business Performance Industries Retail Consumer Products and Services
