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Businesses at every level of the seafood industry offer unique challenges in management, further highlighting the need for a robust ERP system. To manage incoming needs and consumer risk, food manufacturers in the seafood space often look to enterprise resource planning systems to help manage day-to-day operations and ensure that quality is never sacrificed at any point in the production and distribution process.
Vertical farming is becoming more popular, as it offers a more sustainable method of food production in environments that aren’t ideal for growing plants. Vertical farming helps to produce different plants using hydroponics and special soil in "grow rooms" where they are vertically stacked and can grow in controlled conditions indoors.
If you’re looking for new opportunities to build revenue and refine your processes, AI and software are a strategic way to do it. The future and potential for growth with the help of food ERPs and related AI-based platforms is exponential – and will be the factor that can drive your business to be an industry leader over the next several years.
Have you ever wished for a roadmap to success? It may be as simple as getting strategic with your future plans. We’re watching business trends play out before us as the global food economy adjusts to inflation, shortages, and new levels of distribution difficulty due to unprecedented supply chain disruption. While businesses prepare to wrap Q3 of 2022; we’re looking to the future and getting strategic about industry leadership in 2023.
The Food and Agriculture Organization’s (FAO) Food Price Index experienced a significant drop in July 2022, and we’re seeing prices for cereal and oil products decline as we speak. Here's what this means for food and beverage manufacturers and distributors:
Produce is a large part of the food production industry, valued at over $60 billion in 2021 and expected to grow at a rate of 5 percent in the next eight years. Consumers continue to look for healthier options and are willing to pay more for them at the grocery store and farmer’s market. However, the effects of climate change are rampant across the industry – leaving many wondering growers wondering what their next right step truly looks like.
As food costs continue to rise, It’s more important than ever for food manufacturers and distributors to calculate their sales, costs, and traceability efforts to ensure product quality and operational strategy are as competitive as possible. What is Catch weight? Catch weight is a term used in inventory management and sales, particularly in the food industry, to refer to a product that is sold by weight but may vary in weight from package to package, i.e. variable weight items. This can be due
China has been known as the epicenter of the global pandemic currently impacting our lives. Now, the country is primed to take over the medical supply industry from here on out. The need for medical supplies like gowns, masks, disinfectant and more has placed a large amount of stress on suppliers. This has caused other countries to open up or repurpose existing factories in order to meet the overwhelming demand. When the need begins to lessen, it might not be feasible to keep these factories aro
With the pandemic continuing to drain supplies of various natures, the availability of medical supplies has been extremely important. Gloves, masks, sanitizer and more have been quickly used up and made scarce for essential health care workers. Direct Relief is a company based in the US dedicated to getting these resources back in the hands of the people who need them the most. They have been delivering gloves, masks and protective equipment to essential workers and medical professionals since t
The coronavirus has made its way across the world, decimating the produce industry while making it harder for people to trust the food they consume. In order to make the food industry a bit safer and more trustworthy, certain regulations have been put into place in order to curb the spread of COVID-19 and create a safer environment for imported and exported food, food workers, and the general public.
The current pandemic has spurred food producers to find better ways of keeping up with the demand created by shortages or food plant shutdowns. The technological advancements needed to stay relevant during COVID-19 have opened up new opportunities for the food and drink industry.
A new report on the state of the food industry that reflects the past three years has shown tremendous growth in the sector. The food industry has seen a 10.7 percent increase since 2017. The overall sales number for the industry reached $158.4 billion, even including the fallout from the current pandemic.