Is Consumer Non-Durables goods a good career path? This article provides insight into the industry and why it could be a good career path.
The answer is a resounding yes. It doesn’t matter if you’re just starting out, a seasoned veteran of the industry, or anywhere in between. The Consumer Non-Durables field is a great place to be right now, and it’s expected to get even better as time goes on.
In fact, according to the Bureau of Labor Statistics (BLS), the Consumer Non-Durables Industry is projected to grow 9% over the next decade, which is faster than average growth for all occupations. And these numbers are from before the recent pandemic that has put Non-Durables front and center in our economy.
The average salary for a Consumer Non-Durables professional within a company is about $70,000 per year.
Not bad for a job that not only pays well, but also provides stability, security, and excellent benefits! And if you’re looking for a job in management or executive-level positions, your salary can easily double or triple that figure.
I have added more information on what this career path entails, and if you are considering venturing into it, this article unravels what to expect.
Consumer non-durables essentially refer to products purchased by consumers to use within a short period. Due to this, it has very high replacement requirements for consumers as it consists mostly of products for home use. The high demands for these non-durable goods make it a very economical sector. Hence one may wonder, ” it is a good career path. If this resonates with you, then you’re at the right place.
Is Consumer Non-Durables a Good Career Path?
The answer to this question is a big Yes. Consumers’ Non-durable goods essentially consist of goods widely used by individuals and families, thereby increasing their demands.
This shows how important a role non-durable plays in providing useful everyday products that people need. These factors set it’s apart as a great career choice that you should consider. Here’s a list of the prospects of this industry:
- A lot of job opportunities
- This industry deals with food and other household products and is always in demand.
- As a consumer of consumers non-durables, it’s a great idea would be a great idea to be more involved in the production of your favorite everyday product.
- This sector consists of numerous multinational companies. Therefore, you can be sure to work in a very culturally diverse environment, and chances of having an interesting career are high.
- It is a very innovative Industry. Products in this sector are trend-influenced, thereby necessitating you to be at the forefront of technology and your consumer’s needs.
This list is not exhaustive as there are many other reasons why Consumers Non-durable goods are a great and rewarding career path.
Is Consumer Non-Durables a Good Career Path for students?
Yes, it is. Companies in Consumer Non-Durables are known to provide outstanding internship programs for students. A very good example would be Unilever. Unilever offers internships to students within 5-6 months and 32 hours per week.
The best part is that these internships are usually very well paid. Most consumer Non-Durable companies offer full-time offers upon completion of the internship program—talk of a better way to start your career than this.
Is Consumer Non-Durables a Good Career Path for fresh graduates?
Absolutely! One thing that fresh graduates need after school more than any other person is training and career development. Most consumer Non-Durable companies have well-structured training and professional development programs for this purpose.
This would help to develop these graduates into seasoned professionals in the field. Proctor and Gamble stated that 11,400 current global C suite executives had started their careers there.
What are Consumers Non-durables?
Consumers Non-durables refer to manufactured goods that are used up in a short period and need to be acquired in consecutive transactions. According to the US Bureau of Economic Analysis, non-durable consumer goods have a high shelf life of three years.
Basically, consumer non-durables consist of products that are necessary for day-to-day. A good example is the cup of coffee you start your day with and other food items. One thing that stands out in these products is their short life span and that they need to be repurchased after a while—little wonder why they come with expiry dates.
So, even if you keep your cooking oil, for instance, for four years, you would have to repurchase another one to replace the expired one. Some other examples of consumers nondurable goods include;
- Food items
- Detergents and toiletries
- Paper materials
- Light bulbs
What is the difference between a durable and non-durable good?
While durable and non-durable goods are under the same category of consumers goods, they differ in various respects, which we will now examine;
– Non-durable goods refers to those goods that are used immediately and cannot be reused. This type of goods lasts for a short period and includes food items. On the other hand, durable goods contain other things designed to stay longer and need not be replaced frequently.
Some examples of durable consumer goods include cars, microwaves, washing machines, telephones, and television, amongst others.
– when there is economic growth, the number of durable goods purchased would increase while non-durable goods would remain the same. On the other hand, when there is a decline in economic growth, the number of durable goods purchased would decrease while non-durable goods would remain the same.
This is because non-durable interests include necessities that are essential for everyday life.
In summary, durable goods last longer and have a fluctuating figure in the economy. On the other hand, non-durable goods have shorter shell life and have a stable figure in the economy.
10 top companies in the Consumers Non-durables Industry
There are a lot of players in the Consumer Non-Durables industry. However, we have streamlined the 10 top players in this industry. They include;
1. Nestle AG
2. Proctor & Gamble
4. Cola cola
7. Unilever Group
8. Phillips Morris International
9. Christian Dior
10. Anheusher-Busch Inbev
What are the opportunities in Consumer Non-Durables?
It need not be restated that there are numerous job opportunities in the Consumer Non-Durables industry. There are various jobs in various profiles, from sales and marketing to IT support and quality control. This industry has a thing for everyone. There is absolutely no shortage of variety in this sector.
There are also internships programs and full-time positions open at every point in time. So be sure to check the company’s website for more information.
While there are so many companies and career opportunities available in this sector, you can be faced with the challenge of choosing out of these reputable companies. It would be best to analyze the benefits of working in any of these companies and whether or not they fit into your long-term career growth.
Benefits and Perks
The well-being of employees is at the heart of most large companies in this industry, and this also applies to most soft goods brands. Due to this, employees are sure to get many benefits and worker perks.
For instance, Coca-Cola provides health and insurance benefits for its employees. Some of these benefits include severance pay and health insurance. Also, many of these companies offer pensions to their employees. Other benefits include free gym subscriptions, stock bonuses, paid trips, and even sick leaves.
Prominent consumer Non-Durable companies provide training for new employees to launch them into various career paths. In essence, this industry is reputed for offering many benefits and Perks to their employees.
Generally speaking, consumer Non-Durable companies are reputed for offering relatively high employee remuneration. According to Glassdoor, Procter & Gamble’s average salary is $87k per year, which applies to PepsiCo at around $79,000 per year.
Coca-Cola sits in the middle at $82,000 a year. As regards bonuses, Coca-Cola offers its employees an average bonus of $12,000 per annum. On the other hand, P&G and PepsiCo offer their employees an average of $6,000 and $8,000, respectively.
You should bear in mind that this is an average salary. Your salary would essentially depend on your job profile. It can therefore be higher or lower, depending on your position.
Consumers Non-durable companies have great work Culture. The employees are trained to work in a very fast-paced environment. Usually, these companies offer incentives for good performance over a while, creating healthy competition amongst employees.
Also, most of these large companies invest greatly in their employees through programs and mandatory training courses. One notable thing about these companies is their very diverse work Culture, and employees are sure to have an international outlook while carrying out their business.
Due to how large the consumer Non-Durable sector is, it is only normal that there would be a wide variety of positions available.
1. Brand and Marketing
Brands have a different marketing focus. The roles in this division include;
- Brand management/marketing
- Computer/ market knowledge
2. Research and development- Roles under this division includes;
3. Product Supply- Roles under this division includes
- Supply chain & logistics
- Quality assurance
Other roles in this sector include sales and support positions like hr, legal and intellectual property, finance, and accounting.
Is consumer goods and FMCG the same?
Consumers’ goods and fast-moving consumer goods (FMCG) are essentially the same as they refer to the same thing. They deal with goods that people widely consume, making them sell out faster than any other category of interest.
What is the biggest FMCG company?
Nestle AG is reputed as the biggest and largest FMCG company. Nestle has more than 2000 brands in 171 countries, with its headquarters in Switzerland. Its overall figures are;
Market Cap (Sep 2, 2021): 348.550 billion USD
Annual Revenue: 92,301 Million USD (Dec 2020)
Annual Net income: 13,242 Million USD (Dec 2020)
Number of Employees: 291,000(Dec 2020)
What Are Non-Durable Goods with Example?
Non-durable goods are those goods that are purchased with the intention of short-term use. They mostly consist of products for everyday use, such as cosmetics, cleaning products, food, fuel, beer, cigarettes, paper products, rubber, textiles, clothing, and footwear, amongst others.
There you have it. Is consumer Non-Durable a great career path? It absolutely is. Given the industry’s prospects and its scalability, there’s no better sector to be in than this. This article has opened your eyes to the opportunities of this industry, and it’s left to you to make your choice. Be sure to research each role and find one that fits your career and professional goals.
Best wishes in your career choice.