The document discusses how the consumer products industry is transforming into the consumer outcomes industry in the digital economy. Key points include:
- By 2020, nearly everyone will be a digital consumer and new competitors are redefining the industry through digital business models focused on consumer experiences rather than products.
- Companies must shift from products to outcomes by reimagining business models, processes, and work through digital transformation in order to engage consumers and capitalize on new opportunities in real-time.
- Leading companies will leverage new digital technologies like cloud computing, IoT, and big data to sense consumer needs, analyze data, optimize operations, and act in moments to deliver personalized outcomes.