The organisers of the yearly Industry Summit of The Industry Newspaper have designed the sixth edition of the summit to address consumer preferences in a troubled Fast Moving Consumer Goods (FMCG) sector.
Announcing the 2025 theme, “Understanding Changing Consumer Preferences in Troubled FMCG’s Space”, the convener of The Industry Summit & Awards (TIES), Goddie Ofose, said the dwindling purchasing power of consumers has become one of the major reasons that manufacturing sector declared heavy inventory loss in 2024, and organisations must design innovative approach to tackle this menace in 2025.
“Inflationary impact is real and it has continued to dig some holes in the pockets of consumers, which in turn results in consumers’ preferences. Manufacturers must adapt to the shifting consumer preferences if they must survive.”
Ofose said Chief Executive Officer/Managing Director of NigerBev Limited, Dr. Obinna Ike, would be the chairman of the event, while Managing Director of Nitro 121 Limited, Mr. Lampe Omoyele, will deliver the keynote paper.
Other guest speakers are former Marketing Director of CHI Limited, Mrs. Toyin Nnodi; immediate past Prime Business Director at Grand Oak/Co-founder/CEO of Innova Hive Integrated, Mr. Stanley Obi, and Vice President, Creative & Communications, UAC Nigeria Plc, Mr. Anthony Eigbe.
He said: “We have carefully selected the 2025 members of faculty who possess vast experience in product innovation, marketing, advertising, brand management, distribution value chain and communication that would look at these issues dispassionately and proffer solutions to this new market challenge.”
This year’s two-day programme include a lecture on Friday, May 2, 2025 at Chartered Institute of Bankers of Nigeria, VI and Saturday, May 3, 2025 for dinner and awards at Civic Centre, VI.
For the panel session, the members include Mr. Ayo Awosika, GM, Commercial, UAC Foods; Mr. Remi Akanda, Director, Marketing & Corporate Communications, LAPO Microfinance Bank; Mr. Adeola Amosun – Group Media Manager, Tolaram; Mr. Gbemileke Lawal, Marketing Manager, Grand Oak Limited, and Ms. Oluseun Mudashiru, Brand Manager- Big Bull Rice, TGI Group.
Others are Chief Commercial Officer (CCO) N.N. Fems Group, Mrs. Roseline Abaraonye and Mrs. Ifeoluwa Esther Obafemi, Head, Digital, Media & Insights (Digital Transformation), Sub-Saharan Africa (SSA), FrieslandCampina WAMCO while Ms. Gift Uche-Ewule, Assistant Brand Manager, Indomie will the moderate the session.
