Could OTC Products Be The Next Strategic Focus For Private Label

Could OTC products be the next strategic focus for private label

Many retailers are increasingly focusing their product strategies on health, wellness, and convenience. Mark Field – the CEO of Prof. Consulting Group – outlines why adding nonprescription medicine to the product mix could offer retailers an attractive opportunity to drive consumer traffic and lift profitability.

With a global market value in excess of US$131 billion by 2022 and a healthy growth outlook of ~5% over the next three years, the over the counter (OTC) market is likely to appeal to an increasing number of investors and brand managers read more