CHICAGO, Dec 1 (Bernama-BUSINESS WIRE) — Today, NielsenIQ released “The Changing Climate of Sustainability,” a new report focused on the impact of climate change on the consumer-packaged goods industry. Over the next five years, it is anticipated that governance and cost, will force manufacturers, brands, and retailers to transform and commit to real, sustainable business models to mitigate short- and long-term risk.
“Sustainability has been on the corporate agenda for some time, as a slow burn priority where some businesses have made proactive decisions to get ahead of the pack and others have taken a wait and see approach,” says Regan Leggett, Foresight Leader, NielsenIQ. “Exploding energy costs, crop failures, and supply chain disruption are all forcing companies to future-proof existing business models or bear uncertainty and increased cost implications.”