In this discussion facilitated by SAP, Simon Ellis, Vice President at IDC, explores the critical role of industry ecosystems in enhancing collaboration and scalability within the consumer products industry. With 34% of manufacturing outsourced and an expectation to increase, robust industry ecosystems are essential for managing extensive partner networks and advancing sustainability goals. These ecosystems allow consumer products companies to better manage collaboration, enhance visibility into supply chains, and explore new business opportunities. Challenges like data management and trust are addressed by leveraging ecosystems to streamline operations and integrate technological solutions, positioning companies to meet modern consumer demands effectively.

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