The Technology Headlines \u2013 A Leading 4.0 Solution Provider<\/strong> Nutritional Outlook December 2019 – Streamlining food and beverage production: Cream of the crop: Severin Weiss SpecPage: Global Leader of Enhanced Digital Product Lifecycle Management<\/strong> The challenges of upgrading legacy control systems<\/strong> SpecPage: Innovating food made easy Credit Suisse Entrepreneur Capital (Former Credit Suisse) invests in data management solutions provider SpecPage<\/strong> Fighting food fraud with the right tools<\/strong> Today’s Grocer – Guest editorials<\/strong> How to Convince Your C-Suite to Embrace Product Lifecycle Management Solutions<\/strong> SpecPage Earns Coveted ISO 27001 Certification from Bureau Veritas Group<\/strong> Technological solution to manufactured food pollution<\/strong> Kraft Heinz-Campbell\u2019s: merger talk not a bad thing, says analyst<\/strong> As Grocery shopping evolves, Supermarkets partner with Meal Kit Services<\/strong> Why menu labeling rules are an opportunity for chains<\/strong> Transparency and technology go hand in hand for F&B manufacturers<\/strong> How label transparency builds consumer trust<\/strong>
\nIn the latest edition of the The Technology Headlines, the editorial team has taken an initiative to look into the current state of the Fourth Industrial Revolution. SpecPage was selected as one of the leaders to bring new value to the wide array of businesses.
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\n<\/strong>Why using a Product Lifecycle Management system is a must for transparency, traceability, and efficiency.
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\n<\/strong>Employed in an executive capacity since the age of 27, it was a matter of when, not if, the entrepreneurial Severin Weiss would run his own company.
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\nCompanies are on the hunt for ways to streamline product development. Successful new products are directly dependent on a company\u2019s ability to harvest new ideas and screen them to generate new sources of innovation constantly. Unfortunately, most companies do not have a good system in place to turn new ideas into successful new products. Food and Beverage companies also rely on manual and time-consuming coordination of product development activities. SpecPage is a company making product innovation more effective by digitizing every stage of product development and put predictive models in place to determine the best chance of its product\u2019s success.
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\nA legacy control system may be running just fine, but processors need to be prepared to replace it.
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\n<\/strong><\/strong>From strict regulatory requirements and increased consumer awareness to price sensitivity and more complex supply chains, today’s manufacturers in the food and beverage industry have been facing numerous challenges to produce innovative products efficiently.
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\nSpecPage, which enhances digital solutions for the recipe-based manufacturing industry, is to partner with SVC Ltd., part of Credit Suisse, for risk capital for small and medium-sized enterprises (SMEs). SVC Ltd. currently promotes Switzerland as a center for business while also allowing unique Swiss businesses to leverage their \u201chigh qualitative standards in niche industries across the world.\u201d
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\nAnalytical and software tools make it easier to manage suppliers and weed out fraudulent ones.
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\nTransparency and traceability have emerged as two of the most crucial concerns in the recipe-based food and beverage industry.
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\nC-suites are often out of touch with the struggles of employees on the forefront \u2014 especially as they relate to an increasingly data-rich landscape driven by digital innovation. As traditional big-picture thinkers, those within the C-suite may not be focused on innovative digital technologies. Recipe-based food and beverage manufacturers are no exception to this trend.
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\nISO 27001 Certification is the international standard for best practices in information security systems.
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\nOne the leading sources of the world’s ballooning ecological footprint are the costs and energy emissions associated with manufacturing recipe-based food products along with the buying habits of consumers. However, there’s a technological solution.
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\nA potential merger between food giants Kraft Heinz and Campbell Soup would \u201cnot be a bad thing\u201d and would play into the wider trend of \u201clegacy CPG brands making an attempt to transform with the changing consumer\u201d, according to a key industry analyst.
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\nMeal kit delivery services have changed the grocery game, and brick-and-mortar supermarkets are taking notice.
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\nToday’s customer demands trustworthy and transparent information. The goal for chain restaurants is to put important nutritional information front and center.
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\nRecipe-based food and beverage manufacturers must use technology to ensure legal compliance, meet everyone’s product information needs and position themselves to adapt and prosper over time.
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\nA recent study by Label Insight found that nearly all consumers (94 percent) are more likely to be loyal to a brand that offers full transparency about its products. That means food and beverage manufacturers must deliver with every label and package or risk losing wallet share.
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