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Are you considering a technical upgrade for your food and beverage business in 2023? Having the most comprehensive and competitive solution available is a fantastic way to boost your revenue potential and brand authority – giving your customers and team members a seamless experience with every interaction. The question is: What should a food manufacturing system in 2023 include?
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
Covid-19 has impacted every industry in its own way and the food industry is no different. With food safety being the name of the game, the industry has had to alter its existing practices to adjust to this new environment. Food trading is now under the highest scrutiny as millions of lives hang in the balance. Both food traders and manufacturers alike have had to explore new technologies to adjust to the disruptions the industry is exposed to. To speak volumes, most food manufacturers have auto
In 2020, with the height of the pandemic in focus, it is critical for food processors and producers to adhere to strict food safety regulations. One of the most important food safety programs available is the HACCP.
The food industry has seen a huge interruption in productivity due to the current pandemic. One organization that has taken notice is the American Heart Association. Families already struggling with access to food have been contending with even more hardship in recent months. While the problems aren’t new, the emphasis on them has grown greatly and has made the need for a solution that much more important. The Association is looking for new ideas and it is tapping into the food industry to try a
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.
The COVID-19 pandemic has severely impacted the food production industry here and abroad. Whether through social distancing observation or lack thereof, COVID-19 has become an unavoidable obstacle, causing food production to stagnate and the restaurant and hotel industry to suffer. The meat industry alone has seen many factories close down all over the world, including Germany, the Netherlands, and the United Kingdom. According to data from project Unearthed, over 37 virus outbreaks have been re