The FMCG sector has always been a fiercely competitive one. One of the major reasons is the diverse, broad and unpredictable influencing factors that determine sales, marketing and supply-chain. This is what makes the FMCG industry highly dynamic. With the business environment being highly erratic in recent times, FMCG multinational companies in Dubai have to strategize for the present as well as the future. With such a huge consumer base that is distributed across various geographical locations, there is also considerable competition from local players that plays a role. Besides the advancement in digital media and delivery channels has enhanced the complexity of the system, making it difficult to tap the most spot-on-growth opportunities.
To put it in a nutshell, the success of FMCG trading companies in Dubai depends on two crucial aspects- speed and accuracy. These hold good for running the right sales promotions, selecting the best marketing campaign, choosing the most cost-effective supply chain, and so on. Note that the data available with each executive is what ensures accuracy in the decisions. However, FMCG companies face the following challenges when it comes to accessing required information: a. Dependence on a standalone BI tool/application: most FMCG firms, including food distributors in UAE, depend on analytics or a BI tool to gain insights. Though the data is useful, it does not spot the exact problem sources or reasons. It may lead to faulty decision-making, unless you go through numerous hierarchy reports/spreadsheets (product, sales, region, etc.). b. Customizable reports: an FMCG executive always has to rely on reports as the visual formats for accessing data. However, in most FMCG firms, report generation is handled by MIS or developer teams. Executives have to constantly follow-up with them if they need new reports or updation of existing reports. This becomes a tedious and time-consuming process, hampering the productivity of both the parties. c. Insights from limited data sources: FMCG companies usually use internal market research data, organizational historical data and/or syndicated data from vendors such as Nielson, IRI, SPINS, etc. While we are not denying the importance of this data, the sole dependence on syndicated data providers does not provide complete insight, specially since the industry has multifarious consumer touch points. Also, when this data is combined with external data sources, be it social feeds, weather reports, events-related data, etc., it gives a fuller insight to study cause-and-effect. d. Dearth of forecasting and evaluation intelligence: FMCG executives have to continuously take into account various market scenarios and forecast future growth. An effective BI system should not only offer insights but also help users in evaluating the consequences of every decision. Unfortunately, these elements are not to be found in FMCG BI systems today and most executives still have to fall back on intuition-based strategies.
0 Comments
Dubai is one of the most sought-after tourist destinations in the Middle East. This has resulted in a large number of bars and pubs springing up in the most jazzy and glamorous city of the region. There are also a large number of Karaoke bars in Dubai. Karaoke bars in Dubai are found across the key party destinations in the area – Dubai Financial Centre, Business Bay etc. Most of these bars are housed in luxury hotels which provide its customers an added layer of safety and security.
One of the best karoke bars in Dubai is Hibiki Karaoke lounge. It is one of initial karaoke bars in the city that was set up and is set in a Japanese theme. It plays popular tunes from movies and shows and also a wide range of popular songs. It regularly attract a number of trained singers. As a result of this, the bar remains an enjoyable experience for singers and non-singers alike. It is located in Kyatt Regency Deira. Another highly popular karaoke bar in Dubai is Kung Korean Restaurant and Karaoke. This is a karaoke bar with an authentic Asian flavour. The décor is very nice and food and drinks are delivered right up to the table of guests. The place remains open until 2.30AM and prices range from Dhs160 per hour if there are a few number of persons Dhs 280 for any number up to 20 people. This is very popular and usually remains packed on weekends. Lucky Voice is also a very popular karaoke bar in Dubai which is decked in neon lights and bright décor. The pods are cheap starting from Dhs 40 per person. There are 11 rooms each of which can accommodate around 25 people each. There are also a number of cafes in Business bay of Dubai. One of the best among cafes in business bay is Circle café which serves a range of sandwiches, burgers, salads and desserts. It boasts of authentic flavours and provides satisfying dishes. Kad Che is another option for those who believe in eating healthy. Their all day breakfast is famous and have blends of coffee, pasta and salads. There are several types of hotels that are present in Dubai. This is quite natural since Dubai attracts thousands of business travellers and leisure guests round the year including families as well. Dubai is one of the biggest global tourism destinations and footfalls have been growing considerably over the years. At the same time, it is also one of the largest commercial, business and trading hubs in the Middle East and also for the UAE (United Arab Emirates). Several companies also find it to be the gateway towards establishing a solid presence in the GCC (Gulf Cooperation Council) region and also in Asia owing to the strategic location of the Emirate. Hence, there is solid demand for quality hotels in Dubai, particularly luxurious properties which come with all the food and beverage facilities, signature health and wellness amenities and other service offerings that are in sync with evolving and dynamic needs of global travelers.
Want a karaoke bar in Dubai? Want to check out the best café in Business Bay or even the top bars in Business Bay? Gone are the days when you would have to physically traverse multiple locations in order to find the top cafes, pubs, lounges, bars, restaurants and karaoke joints in Business Bay which is one of the leading places to stay in the Emirate of Dubai, particularly for business travellers. With properties like the Gulf Court Hotel, you get everything in one place. This 4-star hotel, for instance, offers all the top and high-quality hotel facilities that guests desire. Strategically located within a 5 minute radius from the Dubai Mall and Burj Khalifa, the Gulf Court Hotel is also situated only 25 minutes away from the Dubai International Airport. You will find 6 high-quality restaurants, bars and lounges here which are all famous for their signature and diverse offerings, platters, luxurious ambience and impeccable service. These are some of the Business Bay location’s leading restaurants, cafes and lounges which have attained immense popularity with locals and travelers alike. You can even find private karaoke rooms where you can indulge your love for singing your favourite melodies to the hilt! Amenities like a swimming pool, gymnasium and other wellness facilities are par for the course at the Gulf Court Hotel in Business Bay. Dubai has always had a robust and fast-growing FMCG sector. There are various FMCG multinational companies in Dubai that have managed to carve out their own niche in this sector over the years. FMCG has been growing rapidly throughout the United Arab Emirates (UAE) with Dubai being a nerve center for swift expansion owing to a highly cosmopolitan population and of course, growing consumer appetite for quality FMCG goods. The industry for consumer goods in the UAE has already witnessed steady growth over the last few years, while opening up a plethora of new job opportunities as well. Consumer spends have been steadily inching up as well across Dubai and the UAE. In the year 2016, for instance, overall consumer spends touched a whopping $183 billion and the prediction was for further increases over the next 4-5 years, touching an approximate value of $260-300 billion.
There are various FMCG trading companies in Dubai that are doing very well in recent times. The industry is faring really well due to several aspects such as the superb turnover in the sector along with increasing demand for talent within organizations in this space. New products are also being introduced all across Dubai over the last few years. There is also steady growth observed in case of online retailers and offline stores alike. The population of the UAE is also increasing and this will naturally open up more opportunities for future expansion as far as the retail sector is concerned. Higher disposable incomes and evolving lifestyles are also being noted by food distributors in UAE and other players in the sector. Several global brands are coming to the Emirate of Dubai and hence they are steadily carving a niche for themselves amongst customers as well. Dubai has also witnessed skyrocketing growth in the FMCG space along with retail since it has naturally become one of the biggest tourism and business hotspots in the entire Middle East. It has naturally become the preferred destination for leisure and business alike in the UAE. This has rubbed off positively on sectors like FMCG, branded retail, apparel and the like. In this context, several leading distributors of these products are finding more takers concerned with quality in a bid to cater to a discerning clientele across the Emirate. Experts predict that FMCG segments will get a further boost in Dubai owing to several pro-active business reforms undertaken by the Government in recent times. |
About Author
Young gym instructor from Jabalpur, Shanaya Tripathi, blogs to ensure an added income for herself. She is athletic and has hiked many times. Her other hobbies include shopping and teaching. Shanaya’s blog is an interesting mix of several topics such as online gaming, educational courses, custom bench cushions, vehicle tracking systems among others. She blogs in a very simple language so that readers can understand and relate to the topics easily. Her posts about multiple vocational courses available can simplify your career choices. Comment on the posts you like and share your views. Your feedback will help her improve writing skills.
Categories |