Why price is no longer enough copertina

Why price is no longer enough

Why price is no longer enough

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The discussion explores how value-seeking consumer behaviour is fundamentally shifting the consumer packaged goods (CPG) industry by moving beyond simple price comparisons. Modern shoppers across all income levels now utilise a "permission-to-buy" test, weighing factors like brand trust, health benefits, and waste reduction before justifying a purchase. Research from McKinsey, Deloitte, and NIQ indicates that traditional promotional tactics are no longer sufficient, as consumers increasingly prioritise emotional and functional relevance over the lowest cost. Brands must move away from viewing value as a pricing problem and instead focus on earning the right to be chosen through transparency and consistent performance. The discussion concludes by agreeing that growth in this landscape belongs to companies that can prove their products are worth the investment across a fragmented and cautious decision-making process. Managers are encouraged to align internal strategies to address consumer hesitation and provide the necessary justification for every item added to the basket.
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