Fast Consumer Good & Electronic
Products that sell quickly and at low prices are called fast-moving consumer goods (FMCG). There is a high turnover rate since these products are consumed or utilized frequently. Products like food and drink, cleaning supplies, cosmetics, and OTC drugs are all examples of fast moving consumer goods.
In contrast, electronics are the collection of gadgets that rely on electronic circuits to carry out their varied duties. Devices including cellphones, computers, TVs, appliances, game consoles, and even wearable technology fall under this category.
Combining the terms “fast-moving consumer goods” with “electronics” can indicate a focus on consumer electronics that are also FMCG. These are often high-demand electrical products that have a limited lifespan and are routinely upgraded by their owners. Smartphones, tablets, headphones, portable speakers, and intelligent home appliances are all examples of fast-moving consumer electronics.
High levels of competition and rapid change characterize both the fast-moving consumer goods (FMCG) and electronics markets, where innovations in technology and shifts in consumer taste are constants.