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ARTICLE · 12 JUNE 2024

Artificial minds & legal lines - Navigating generative AI in the FMCG sector

Explores ways Generative AI is being used in the FMCG industry, risks & governance.

AustraliaTechnology
Robert Lee (Formerly With Bartier Perry)
Robert Lee (Formerly With Bartier Perry)
Juan Roldan
Juan Roldan
Author LinkedIn connections

Generative artificial intelligence (Generative AI) is sparking a revolution across numerous industries, including the Fast-Moving Consumer Goods (FMCG) industry. The corporate drive for increasing productivity and cost reduction, combined with Generative AI's increased accessibility and multi-use functions have contributed to its exploding popularity over the past year. In 2023, Microsoft announced a $5 billion investment in computing capacity and capability to help Australia seize the AI era, with Generative AI to become a US$1.3 trillion market by 2032.1

Benefits for the FMCG Industry

The FMCG industry especially stands to benefit from enhanced supply chain management, personalised marketing strategies and product innovation, ushering in a new era of efficiency and consumer engagement. Some of the benefits to the FMCG industry include an improved product offering, increased customer base as well as further revenue opportunities. However, as with any

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