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Shrinking for Growth: A Necessary Evil, Not a Rerun

By Filiberto Amati,

Managing Partner, Amati & Associates

In a challenging FMCG landscape, where volume growth is slowing, margins are under pressure, and portfolios have expanded through years of acquisitions, companies need to rethink what growth really means. In his presentation, Filiberto Amati explores Shrinking for Growth—the deliberate reallocation of resources away from businesses that no longer align with a company’s core or offer a sustainable right to win. Drawing on examples from the FMCG industry, he examines why acquisitions often fail to deliver expected value and why portfolio simplification is becoming increasingly important.

The presentation also challenges traditional approaches to assessing market attractiveness, highlighting how blurred category boundaries and evolving consumer needs are reshaping opportunities. Finally, Amati introduces the concept of demand spaces, encouraging companies to look beyond conventional categories and identify underserved consumer needs that can unlock new avenues for growth.

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About the speaker

Filiberto Amati

Managing Partner, Amati & Associates

Filiberto Amati is an FMCG growth strategist and founder of Amati & Associates, helping brands and corporations develop effective growth strategies and turn them into action. With nearly three decades of experience across international markets, he specializes in growth strategy, brand positioning, pricing, Revenue Growth Management, innovation, and portfolio optimization. His work focuses on simplifying complexity, identifying sustainable growth opportunities, and helping businesses make better commercial decisions. Amati has advised companies across multiple industries and geographies, combining strategic thinking with practical, hands-on execution.

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Filiberto Amati — Shrinking for Growth: A Necessary Evil, Not a Rerun

The category everyone thinks they understand is usually the one nobody has re-modelled in years. Filiberto Amati, Managing Partner at Amati & Associates and former Head of Country at Campari, breaks down why the elasticities, benchmarks and assumptions still anchoring pricing decisions today were built for a market that no longer exists, and where the real growth is actually hiding.

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