Study: CPG industry supports 20M U.S. jobs, contributes $2T to GDP
The findings from the study show that 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 consumer packaged goods (CPG) industry supports one in 10 U.S. jobs, and is the largest manufacturing employer in the United States, according to a new report released by the Grocery Manufacturers Association (GMA), Washington, D.C. The findings from the study, conducted by PricewaterhouseCoopers LLC (PwC), UK, show that the CPG industry supports 20.4 million jobs that generate $1.1 trillion in labor income, and contribute $2 trillion to the nation's gross domestic product (GDP).
“The CPG industry’s impact on the American economy cannot be understated,” says Geoff Freeman, GMA president and CEO. “Most people don’t consider the jobs and livelihoods they are supporting when they purchase a new tube of toothpaste or stock up on their favorite snacks, but the products we all rely on each day have an enormous impact on our economy.”