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Sevendots’ New Study Reveals Innovation as the Underleveraged Engine of Growth in the CPG Industry

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AMSTERDAM, March 15, 2024 /PRNewswire/ — A new study conducted by Sevendots, a global leader in CPG strategies, sheds light on the untapped potential of investment in innovation as a driving and underutilized force for growth within the CPG industry. This pivotal research, part of the Sevendots Growth Series, draws from the extensive input of more than 100 brand owners worldwide, a thorough review of existing literature, and a deep dive into numerous case studies to provide a robust framework for enhancing ROI from innovation efforts.

The study uncovers a critical insight: Innovation remains an underutilized activity by many players in the CPG industry, showing a worrying trend of diminishing momentum. This is evidenced by a significant decrease in the number of genuine innovation launches.

Over half of brand owners identify lack of strategic thinking as the key barrier to fully leveraging innovation

The underlying reasons are multifaceted, including limited budgets due to a lack of confidence in ROI compared to other activities, the absence of a visionary and systematic approach, and inadequate measurement practices. Consequently, a staggering 78% of brand owners believe that the current management of innovation within the CPG sector is only somewhat effective or not very effective at all. Furthermore, the research highlights that 54% of brand owners identify the absence of strategic thinking and a clear framework as the primary barriers to achieving disruptive innovation.

Yet, there could be a silver lining: several studies suggest that brands perceived to be highly innovative grow much faster than others while companies that prioritize innovation also report superior short-term EBIT growth and long-term total shareholder return.

CPGs require a clear framework for innovation success

The study calls for a paradigm shift in how CPG companies approach innovation. It advocates for a strategy that transcends traditional product innovation and category definitions, urging firms to develop and implement a clear, effective path for innovation that balances short-term wins with long-term goals.

“In a rapidly evolving marketplace, returning innovation to the core of strategic agendas is not just an option but a necessity,” said Andrea Bielli, Managing Partner, at Sevendots. “Our findings underscore the immense growth potential for CPG companies willing to rethink their approach to innovation, leveraging it as a powerful engine for growth, differentiation, and long-term success.”

About the Sevendots Growth Series

The Sevendots Growth Series is a comprehensive initiative that reflects the collective insights of over 500 CPG brand owners globally, aimed at driving transformation and fostering growth within the industry.

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About Sevendots

Sevendots is a leading consultancy specializing in industry strategy development and transformational initiatives for the CPG sector. With a rich history of empowering brands to achieve sustainable growth, Sevendots remains at the forefront of industry innovation and thought leadership.

For more information about the study, please visit www.sevendots.com.

Media Contact:

Christina Carè
Content and Marketing Manager
Sevendots B.V.
christina.care@sevendots.com
+39 348 78 088 02
www.sevendots.com

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Fintech PR

Xlence Receives “Best Newcomer” Award at iFX Expo Dubai

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DUBAI, UAE, Jan. 28, 2025 /PRNewswire/ — Xlence, a fast-rising CFD broker and a Gold Sponsor of iFX Expo Dubai, one of the global financial industry expos, was awarded the title of “Best Newcomer” broker. Demonstrating the broker’s exponential growth, the award underscores Xlence’s dedication to success in the financial industry.

Key Highlights of Xlence at iFX Expo Dubai

During the iFX Expo, Xlence greeted clients and partners from around the world. Xlence’s Regional Head of Business Development, Hala Mousa Abo Jarra, participated in a panel discussing the future of forex trading. Attendees had the opportunity to witness Xlence’s dedication to building a trusted and secure trading ecosystem through transparent operations, highlighting the brand’s commitment to successful trading.

An Innovative Approach to Trading

Serving clients across Europe, MENA, and Asia, Xlence has quickly achieved recognition for its range of financial instruments and competitive trading conditions. Clients can trade forex, metals, shares, indices, commodities, and futures, supported by flexible leverage and razor-thin spreads designed to minimise costs.

Xlence Delivers More Than Just Trading

The company’s successes are embedded in five key pillars:

  1. Flexibility Across Trading Accounts – Tailored account types for beginners and expert traders, catering to diverse trading styles and goals.
  2. Wide Range of Tradable Instruments – Enabling users to diversify their portfolios across multiple financial markets.
  3. Advanced Technology – Offering a seamless user experience on desktop, mobile, and web.
  4. Transparency and Security –Xlence complies with the highest standards of transparency and security under the Seychelles Financial Services Authority. This ensures that clients can trade confidently, knowing their safety is a top priority.
  5. Unmatched Customer Care – With a customer-centric approach, Xlence offers 24/7 expert support, ensuring that clients always have access to the information they need, no matter where they are.

Read the full article here.

About Xlence

Xlence is a highly reputable global broker offering an advanced, user-friendly, and flexible trading environment that supports traders at all levels. Xlence delivers safety, innovation, and exceptional value to its growing client base across Europe, MENA, and Asia.

For more information, visit its website at www.xlence.com and join the Xlence community today.

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Trade with Xlence, Excel in Trading

Trading involves risk. Products are traded on a margin and carry a high level of risk, and you may lose all your capital.

Media Contact Details:

Name: Nicolas Georgiou
Email: info@xlence.com

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KuCoin Announces Settlement with the DOJ, Ushering in a New Chapter of Compliance and Growth

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VICTORIA, Seychelles, Jan. 28, 2025 /PRNewswire/ — KuCoin, a global cryptocurrency exchange, has reached settlements with the U.S. Department of Justice (DOJ), marking the start of a new chapter focused on compliance and strengthened global operations under its new CEO, BC Wong.

As part of the settlement, KuCoin has agreed to exit the U.S. market for a minimum of two years. This underscores KuCoin’s commitment to meeting regulatory standards and enhancing its compliance infrastructure to align with global expectations.

Resolutions have also been reached between DOJ and each of KuCoin’s founders, Chun Gan and Ke Tang, by which the DOJ has agreed to dismiss all charges against them upon their satisfaction of certain conditions. This outcome ensures a clean path forward for KuCoin and its new leadership.

A Renewed Commitment to Compliance

Over the past two years, KuCoin has made significant strides in compliance, implementing comprehensive Know Your Customer (KYC) requirements for all users and obtaining operating licenses in multiple jurisdictions. These actions reflect the company’s proactive efforts to establish itself as a compliant and accountable leader in the cryptocurrency industry.

The appointment of BC Wong as CEO reinforces this commitment. A Singaporean with a Juris Doctor degree, BC previously served as KuCoin’s Chief Legal Officer and played a pivotal role in shaping its compliance framework. His leadership underscores KuCoin’s focus on aligning its operations with the highest regulatory standards and strengthening its foundation for sustainable growth.

CEO’s Vision

BC Wong stated:

“This resolution signifies a new chapter for KuCoin, one that reaffirms our dedication to compliance, security, and innovation. While we are exiting the U.S. for the present, we are focusing on strengthening our global compliance practices and exploring opportunities to reenter the market with the necessary licenses.

KuCoin remains committed to supporting our global community, delivering innovative solutions, and driving the responsible adoption of cryptocurrency. Together, we will build a stronger, more secure future for all.”

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Looking Ahead

With this resolution, KuCoin is poised to lead the cryptocurrency industry into a more compliant and innovative future. Under BC Wong’s leadership, the company will continue refining its operations and prioritizing cing compliance, ensuring it remains a reliable and secure platform for users worldwide.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 38 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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Fintech Pulse: Your Daily Industry Brief – January 27, 2025 (The White House, Broadridge Financial Solutions, InsuranceDekho, MUFG, Shanghai Commercial Bank, Planto, Notes Technology)

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In today’s edition of Fintech Pulse, we dive into a series of transformative developments shaping the fintech landscape. From policy moves in Washington to strategic expansions in India and groundbreaking partnerships in Asia, the global fintech ecosystem continues to evolve at breakneck speed. Here’s everything you need to know to stay ahead.


Strengthening U.S. Leadership in Digital Financial Technology

The White House has announced a sweeping executive order aimed at solidifying American leadership in digital financial technology. The directive includes initiatives to foster innovation, ensure consumer protection, and combat illicit financial activities, with a specific focus on blockchain and cryptocurrency regulation. This move underscores the administration’s commitment to maintaining global competitiveness while safeguarding the financial system.

Analysis:

This policy shift represents a significant step forward for the fintech sector, particularly for blockchain-based solutions and decentralized finance (DeFi) platforms. By introducing clear regulatory frameworks, the U.S. could attract more investments in the space, fostering innovation while minimizing risks. Industry leaders and stakeholders should view this as an opportunity to align their strategies with evolving compliance standards.

Source: The White House


Broadridge Financial Solutions Expands in India

U.S.-based fintech giant Broadridge Financial Solutions is set to increase its headcount in India by 26% over the next three years. The expansion aligns with the company’s broader goals of leveraging India’s robust talent pool to drive technological innovation and enhance its global service offerings. This initiative also underscores the strategic importance of India as a fintech hub.

Analysis:

India’s fintech workforce is among the most dynamic globally, making it an ideal destination for Broadridge’s growth plans. This move not only bolsters the company’s operational capacity but also highlights the increasing globalization of fintech talent. Competitors should take note of Broadridge’s strategy to optimize costs while scaling innovation.

Source: Reuters


InsuranceDekho Secures Funding to Expand Fintech Offerings

InsuranceDekho, a leading insurtech startup, has raised significant funding from Japanese banking giant MUFG. The funds will be used to enhance its technology stack, broaden its insurance portfolio, and deepen its market penetration. This development comes as insurtechs play a growing role in reshaping traditional insurance models in emerging markets like India.

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Analysis:

MUFG’s backing of InsuranceDekho is a testament to the confidence global financial institutions have in the potential of Indian insurtechs. By integrating advanced AI-driven solutions and expanding their reach, companies like InsuranceDekho are set to revolutionize insurance accessibility and affordability.

Source: Livemint


Shanghai Commercial Bank Partners with Planto to Revolutionize SME Banking

In a bid to enhance banking services for small and medium enterprises (SMEs), Shanghai Commercial Bank has partnered with Hong Kong-based fintech platform Planto. The collaboration aims to streamline financial operations for SMEs by integrating Planto’s AI-driven financial planning tools with the bank’s services. This initiative is expected to drive efficiency and improve customer experience.

Analysis:

This partnership highlights the increasing importance of SME-focused innovations in the fintech space. By leveraging Planto’s cutting-edge technology, Shanghai Commercial Bank is positioning itself as a leader in the SME banking sector. This move could inspire similar collaborations across the Asia-Pacific region.

Source: BusinessWire


Hip-Hop Legend Rakim Ventures into Fintech

Rakim, a pioneer in the hip-hop industry, has entered the fintech arena as a founder of Notes Technology. The company aims to bridge the gap between creators and financial empowerment by offering tools that help artists monetize their work and manage finances effectively. This unique approach blends fintech innovation with creative industries, opening new avenues for growth.

Analysis:

Rakim’s entry into fintech reflects a growing trend of cross-industry collaboration. As celebrities and cultural icons bring their influence to the fintech world, they can attract diverse audiences and drive financial inclusivity. Notes Technology’s focus on empowering creators could set a new benchmark for niche fintech solutions.

Source: Black PR Wire


Conclusion

Today’s developments underscore the fintech sector’s dynamic and interconnected nature. From government policy shifts to strategic partnerships and celebrity-led innovations, the industry is evolving in ways that promise to reshape global financial systems. As these stories unfold, staying informed and agile remains key for businesses and individuals alike.

 

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