CPG Products Power More Than Your Every Day
When you stock up on your favorite snacks, purchase your go-to shampoo or pick up a treat for your four-legged friend, the dollars you spend have a much broader reach than most imagine. In the most comprehensive economic study ever conducted of the CPG industry, we found that the industry supports 20.4 million jobs that generate $1.1 trillion in labor income and contribute $2 trillion to the nation’s GDP.
GMA partnered with PwC to conduct this study of the economic impact of the CPG industry, which includes the food, beverage, household and personal care products that Americans depend on each day. Our research shows that the CPG industry supports one in 10 American jobs and is the largest manufacturing employer in the United States.
The CPG industry supports 20.4 million jobs that generate $1.1 trillion in labor income and contribute $2 trillion to the nation’s GDP.
The impact of the industry can be felt from coast-to-coast and in every congressional district. In fact, the industry supports an average of 45,000 jobs in every congressional district.
Along with this new research, the Consumer Brands Association launched a new microsite to share the economic data of all 50 states, 435 congressional districts and Washington, D.C., along with stories of how CPG companies are making more than just a financial impact on their communities.
Published on August 6, 2019
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