There is no ‘one-size-fits-all’ when it comes to food…not anymore. Industrialization and globa
Comprehensive, accurate product data provides consumers with the facts they need to make the right choices for their family - and they reward companies that provide the most information with their food dollars and long-term brand loyalty.
Managing and Mitigating Risk in The Food & Beverages Industry Using Technology- Enabled Risk Management
The Food & Beverage Industry is one of the most dynamic industries around. Just as in the world of fashion, the food sector too experiences constant evolution. The changing industrial climate makes this industry particularly challenging for manufacturers, suppliers and retailers alike.
Consumers today are better informed about product safety and purity than they were a decade ago. Today’s consumers are increasingly conscious about their purchase decisions and are increasingly contentious about only buying food that is safe and healthy.
Imagine you wish to invest in a company’s shares today. But before you actually invest your hard earned money into an unknown venture, you decide to evaluate your future returns. These returns can be classified as good or bad depending on both the company’s future performance and the amount you have invested today. If the returns you receive are higher than what you have invested or are planning to invest, then the Return on Investment or ROI is high. However, if the returns you receive are lower than what you invested or intended to invest, the ROI is low.
Bread, noodles, cornflakes – imagine a world where you can’t enjoy these tasty treats. This is an everyday reality for people with gluten allergies. Recent research revealed that 1 in every 133 suffers from gluten allergies worldwide, meaning that a large chunk of the world’s population is unable to digest gluten in any form.
The face of the Food & Beverage industry is changing. With the Internet of Things (IoT) technologies, cloud computing, cognitive computing and virtual reality helping bridge the gap between the cyber and physical realms, there is greater innovation and automation in the Food & Beverage industry.
Product optimization only yields the best results when there is a focused attempt at controlling the associated costs and quality, from product ideation and onward. This is where product lifecycle management comes into play. By exerting proper controls and by managing all the processes and activities involved in new product development, organizations can ensure that the final product released to market is of high quality and low in cost.
Consumers have become more conscious about the contents of the products they consume. They want to know what is in the product, when it was manufactured and how long it will remain fresh, the amount of sugar, calories, grams of fat, and whether the food or beverage is genetically modified, natural or organic. How can manufacturers engaging in recipe-based production respond to evolving consumer preferences?
Digitization and Online Distribution of Product Information – publish to GDSN directly from your ERP system
Availability of information in the Food & Beverage industry is extremely important, given the nature of the products that are being manufactured and consumed. In fact, European Union (EU) regulations specify that customers are entitled to access the same information online that is provided to them by retailers when making in-store product purchases. To implement these regulations, companies need to follow a standardized and focused approach when recording and uploading product information online.
The Food & Beverage industry is growing at an unprecedented rate. With new players entering the arena each day, the need for optimizing product development rises. Companies reap multiple benefits when processes and activities involved in new Product Development and Product Management stages are controlled and made operationally efficient.
Food and Safety – 5 Essentials for Food Specification Management Guaranteeing Food Safety and Exceptional Product Quality
Food safety is a top priority for anyone operating in the Food & Beverage industry. Only when companies consistently provide safe and quality will customers make repeat purchases.Without standardized procedures in place, companies may be unable to control the quality of their end-product. If consumed, these contaminated products will result in the consumer developing a host of health problems. If left unchecked, mistakes in the product manufacturing process can lead to fatalities.
Ensuring product quality is one of the most important activities that businesses need to engage in. The first step here is to ensure that there is consistent reporting of all processes followed and all materials used. Data management is useful in keeping all product-related records up-to-date.
In the Food & Beverages industry, compliance is of extreme importance because of the nature of the products manufactured. Food and beverages directly affect the health of the consumer. Businesses have a moral obligation to be aware of what goes into the production and sale of the products.
Many regulatory bodies and companies struggle with product information transparency. There hav
Companies in the food and beverage (F&B) industry face the challenge of innovating to meet