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All You Need To Know About Fast Moving Consumer Durables (FMCD)

All You Need To Know About Fast Moving Consumer Durables (FMCD)

What is the Difference Between FMCG and FMCD?

 

Most of the people related to any business might have come across some technical terms like FMCG or FMCG consumer durables. Fast-moving consumer goods industry is increasing rapidly. As consumers love to purchase products which play a crucial role in their day-to-day life.

Example of FMCG products: Dairy products, home cleaning or care products, personal health and skincare products, & packaged food and beverage industry and all other products which have a maximum shelf-life of one year.

On the other hand, FMCD contain a list of products which have a longer shelf life and a tendency to stay durable at least more than a year. Some of the examples of FMCG consumer durables include automobiles, furniture, and technological goods and sports items.

Let us discuss the significance of FMCG consumer durables and the latest trends in consumer durables.

Top Reasons on the Significance of the Consumer Durables Industry

 

Everyone can purchase an fmcg product while it is cheap and plays a vital role in our daily life. On the other hand, consumer durables reflect the economic activity of a currency. All the products under FMCD are expensive, and hence people only buy them based on affordability. 

We don’t buy a car or a piece of furniture more often. As we buy milk or any other eatables from the nearest grocery store. People from a substantial capital or developed countries with high income would like to purchase expensive and customizable FMCD.

All You Need To Know About Fast Moving Consumer Durables (FMCD)

How is Premium Adoption of Consumers Helping the Consumer Durables Industry?

 

Most of the consumers from urban cities love to adopt a premium lifestyle as they work with high-paying salaries. Consumers from not only metropolitan cities but from rural towns are also purchasing products due to global exposure to technological advancements. 

Consumers of the millennial generation are well educated. They don’t want to spend their valuable income in vain. And hence they know the advantages of adopting a technology. So if any consumer would like to invest in a product which provides them with a premium standard of convenience and comfort. 

Increase in the Interest of Consumers in Cross-Borders Consumer Durables

 

Due to the rise in the development of e-commerce and shipping, most of the consumers don’t depend on local products. Hence they want something unique to taste whenever they spend on a product.   

Hence consumers can order their favorite furniture or technological gadget in just a few clicks from e-commerce websites.

Visit Myanmar Golden Heart for more information about this industry.

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