Food Chain: 2021 trends, challenges and perspectives for digitization
What are the trends in the Food Chain industry? What are the digitization strategies that companies in Food and Beverage will pursue in 2021? Let’s look at how food and beverage manufacturers are optimizing the food supply chain to increase visibility and safety and ensure resilience and profitability.
Food Industry: State of the art and 2021 trends
COVID-19 has inevitably changed shopping habits and made consumers more aware of the health and safety of the food chain.
The search for greater transparency is forcing companies in the Food and Beverage sector to satisfy consumers who are attentive to both physical and psychological well-being. In 2021, the food industry is being pushed to provide clear information and offer authentic products in order to strengthen the trust between the consumer and the brand. But how will companies in this industry tackle the new trends? Are digital strategies in place to keep up with the evolution of customer requests? Producers are ready to consider new technologies that offer consumers complete visibility of the food supply chain, from agriculture and production to the procurement of ingredients and product composition. The actions taken will have to take into account the regulations and consumer behaviors increasingly oriented towards healthiness and environmental protection. We have identified the emerging trends that will gain ground in the coming year:
Flexible packaging for a more sustainable future for the food chain
The world of packaging is constantly evolving as it has to take into account environmental factors, social changes and new consumer needs. Next year we will see an ongoing effort by Food and Beverage manufacturers to find innovative packaging solutions. Recyclable and reusable packaging will allow better preservation of food along the entire food chain and will prove convenient and environmentally friendly. As a result, food brands over the course of 2021, will be increasingly eager to adopt flexible containment solutions to strengthen sustainability and improve the sale of their products.
Getting to a psychophysical well-being to nourish your body and soul
In recent months, everyone’s attention has been on coronavirus prevention and people’s focus has shifted from nutrition to well-being in general. Consumers are continually looking for food products with ingredients that boost the immune system.
According to the Innova Consumer Survey 2020, six out of ten global consumers are increasingly looking for food and drink products that support their personal health, with one in three saying that concerns about the immune system has increased in 2020 compared to 2019.
With the growth of the functional food and wellness market, F&B brands have rushed to create products that have positive repercussions on the health of consumers and that can offer better cognitive function, an adequate supply of energy and capable of bringing physical and mental well-being.
Recycled Foods: Safely repurpose food into edible ingredients
The transformation of food waste into edible products is a trend set to increase. Upcycling allows food manufacturers to add value to some ingredients that would otherwise be wasted. The goal is to reduce food waste. Therefore, we expect to see new reuse options on supermarket shelves in 2021.
We are seeing growth on the technology front, due to investments in the management of the product life cycle. The attention of the sector focuses on the ingredients needed to make the final product. Even in exports, companies are adhering to strict labeling requirements and expiration details for food and beverages.
The aspect of food traceability becomes equally crucial for restaurants, which must be able to find out at what stage any contaminated ingredient entered the system and then contact wholesalers and retailers to remove the product from the shelves. Businesses need to do this effectively and be able to identify what went wrong in the food supply chain. Companies will be able to significantly minimize the risk and impact of this problem by adopting the right technological solutions.
Digitization for the resilience of the Food Chain
Digitization offers the opportunity to master new trends and develop resilience for future challenges. Having a resilient food supply chain means continuously adapting to changes, complying with evolving regulations, avoiding waste, and meeting new consumer demands faster.
The right technology can help maintain a reliable, secure and customer-centric supply chain. Be careful, as a generic ERP solution can bring many advantages but is not sufficient to face today’s challenges in the food supply chain. An integrated solution such as Infor Cloudsuite Food and Beverage has specific features for the Food and Beverage industry that is required. Infor Cloudsuite Food and Beverage enables you to make more accurate forecasts and plan for demand, improve new product development processes, reduce downtime with a proactive approach to asset effectiveness, ensure food safety, reduce waste and provide a higher ROI.
Atlantic Technologies has experience and clients in the Food and Beverage industry and we’ve developed a digitalization strategy that also includes a roadmap for future success. We know the processes of the food industry and we have the right solutions. Thanks to Infor Cloudsuite Food and Beverage, we provide our customers with Implementation Accelerators (Infor Implementation Accelerators) that reduce project time and risks. We have helped several companies in the industry embrace digitalization, eliminate inefficiencies and increase productivity.
Contact us for a custom demo on Infor Cloudsuite Food and Beverage.