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Know about Fast-Moving Consumer Goods (FMCG)

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  Do you know the meaning of FMCG? Well, its full form is Fast-moving consumer goods. These are those products that quickly sold off at low prices. These goods are also called consumer packaged goods. FMCGs do not have a longer life, as they are highly demanded by consumers. Soft drinks, toilet paper, beer, fruits, vegetables, milk, gum, baked goods, and aspirin (an over-the-counter) drug are examples.  The other examples are dairy products and meat. These are perishable food items that are purchased sooner by consumers who consume them fastly. FMCGs are low-priced and are sold in large amounts. These food items have a high turnover at the time when they are on the shelf at the store.  Most people around the world prefer FMCG goods in their daily life. We can also understand them as purchases made by consumers of small scale at supermarkets, groceries, warehouse outlets, and produce stands.  Types of FMCG FMCG can be divided into various categories that include  Beverages - water, ene

Effectiveness of Anti-Hoarding to Various Industries

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  Hoarding has constantly been facing criticism for creating shortages of goods in the real economy. The manufacturers, as well as consumers, have come to expect the continual scarcity of goods during stable economic times.  Scarcity alone is not the only reason for hoarding. The lack of efficient tracking of a product’s journey in the supply chain leads to an incomplete collection of data where the provider is unsure of the number of products to be stocked according to the customer’s needs.  Yet another issue is the vague locations of the product affects the business in not knowing which participant of the supply chain have started hoarding. One can easily fix this through one simple solution - anti-hoarding by Blokchi. Simply put, Blokchi is a blockchain-based, NFT-enabled application aiming to provide quick-fix solutions to every industry. Through a seamless process of tagging each layer of the product with unique NFT QR codes, anti-hoarding by Blokchi sends real-time reports to the