Food & Beverage
Organic & Healthy Eating Habits Changed the Food and Beverages Industry
The food and beverages industry constitutes of many segments, including groceries, oils and fats, baked food, baby food, food additives, functional foods and beverages, packaged foods, health and natural foods, canned food, animal food, soft drinks, alcoholic drinks, energy drinks, and packaging. The maturity of the food and beverages industry is launched mainly by developing countries such as India, China, and Brazil, as the economies of these nations improve and more people are lifted into the middle class.
The food & beverage industry underwent incredible obstacles in 2021 during the COVID-19 pandemic fundamentally linked to delivery, supply chain, and last-mile logistics. Shelter-in-place improvements made shopping frustrating and risky, involved by social distancing. Dining restraints required people to make more meals at home, often with essential staples that were long-lasting and easy to store. The supermarket stores turned to e-commerce for online ordering. As the pandemic took hold global food and beverages industry re-evaluated their supply chains and market models and bought in new technologies to make themselves more flexible and agile moving ahead.
As the food & beverage industry maintains adjustment to the new norms they will modify their inventory strategies for high-risk matters, but we do not expect a categorical abandonment of JIT inventory systems nor a step-change improvement of warehouse space to accommodate improved inventory levels.