The digital (r)evolution is transforming the food industry and we are beginning to see a big impact. The internet of things (IoT) is fueling part of this (r)evolution and is uncovering both operational and monetary benefits for food manufacturers, processors, suppliers and retails. Here are 5 benefits that organizations realize with the help of IoT, helping them make business decisions with greater confidence.Continue Reading
To be a food or beverage manufacturer is to face enormous amounts of risk. These are highly regulated industries in which the slightest mistake could actually cost customers their lives, and penalties for failing to comply with the law are jail time. On the less serious end of the spectrum, changes in customer demand are also a risk food and beverage manufacturers must navigate.
The world is changing around us, yet are we keeping pace? That question is especially relevant in the food industry.
Over the years, we’ve seen a shift in the retail landscape with a move towards retailer consolidation. More and more consumers are buying food products online, too. How do these food industry retail trends affect manufacturers, and how can they manage these shifts successfully? Read on to learn more, as well as what kinds of technological solutions they can use to handle these changes.
There has never been a more complex time to be a player in the food industry. The industry is highly regulated. Competition is fierce. Ever-changing customer demands can make or break a firm. How do you manage the challenges of supply chain management in the food industry and remain successful?
You would think that being a player in the food and beverage industry, you’d have it made. Everyone needs to eat and drink ; in the EU, food and beverage expenditures average almost 13% of household consumption, and the industry generates one out of every six dollars of the US industrial output. However, challenges abound in this space.