In Nigeria’s fast-paced Consumer Packaged Goods (CPG) industry, manufacturers are faced with a difficult balancing act. Pressured by inflation, currency volatility, and investor demands for short-term returns, many are focusing on immediate profitability, ultimately at the expense of long-term sustainability.
This has led to a widespread misconception: that financial performance and environmental responsibility are mutually exclusive. In truth, Nigerian manufacturers can and must pursue both.
Speaking on the transformative emerging trends to drive sustainability and profitability in the manufacturing industry, Ajibola Akindele, country president, Schneider Electric, said, “Three transformative trends are emerging as key enablers of this dual pursuit: electrification, digital transformation, and circularity. These trends are helping businesses not only withstand current market pressures but also position themselves for long-term growth and resilience.”