Strict compliance standards, low profit margins, intense competition, high customer-service expectations – when you’re a food and beverage company, these conditions define your business. How effectively you meet these challenges determines whether or not your company can continuously improve and sustain long-term success.
As the economy steadily improves, the food and beverage industry is experiencing significant change that is redefining how companies manage risk, provide value, and connect with their customers. From young, tech-savvy millenials to aging baby boomers – the ways in which today's consumers research what they want, the key factors influencing their buying behavior, and their loyalty to a specific brand or product are all open for competition.
On top of that, food and beverage companies must be able to react quickly to issues such as food safety and recalls before they can damage reputations, and closely monitor compliance with a range of increasingly stringent regulations, whether from the FDA, the EU, the International Food Standard, or others.
Put together, these conditions can present obstacles—or opportunities. Removing operational waste, increasing customer value, and implementing the right enabling technologies can help food companies continuously drive higher value for customers and maintain a competitive advantage.
Today's food companies need to focus on minimizing risk and preventing and responding to food safety incidents; failing to adhere to these regulations can hinder consumer and shareholder confidence, erode the bottom line, and cause irreparable damage to brand equity.
Our broad range of food and beverage consulting services and IT solutions help address the challenges related to traditional processes, cultural resistance to change, and less scalable technologies – enabling successful improvement projects while operating in a globally regulated environment.
Other benefits of working with Merit Solutions include:
Although the global food and beverage industry is a multi-trillion dollar industry, it sees limited growth and, as a result, incredibly fierce competition. Success for food and beverage companies depends on their ability to speed innovation and increase value while controlling costs and maintaining food safety
Becoming a lean organization is not a single step or even a finite undertaking such as a typical project. Adopting lean must be a journey that the entire organization takes as a unit.
May 18, 2017