NOVEMBER 20246EDITORIALNOVEMBER - 07 - 2024, Vol - 04, Issue - 07 ISSN ISSN 2836-1989Published by ValleyMedia, Inc. Editorial StaffAva GarciaDavies MedowsJohnson Heller Joshua Parkersales@foodbusinessreview.comeditor@foodbusinessreview.commarketing@foodbusinessreview.comEmailVisualizerAsher BlakeEdwin PaulManaging EditorFood Business Review Visit www.foodbusinessreview.comCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.TO SUBSCRIBE TOVian IsaacStanley MartinStanley MartinManaging Editoreditor@ foodbusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsBlockchain Technology's Impact on the Food Distributors The food distributors industry is experiencing a shift driven by trends with unique sets of opportunities and challenges. From direct-to-consumer delivery to the rise of e-commerce, and the adoption of blockchain technology, many trends are shaping the future of the industry to enhance brand image or bring more efficiency in the supply chain. Direct-to-consumer delivery has particularly gained importance as a strategy to enhance efficiency and reduce transportation costs. By cutting out middlemen, retailers can make processes more efficient, leading to quicker deliveries and lower costs. Retailers are taking it one step further by strategically placing distribution hubs closer to consumers and localizing the distribution centers. This trend of localizing distribution hubs is gaining traction in suburban areas due to booming e-commerce. This has led to a surge in demand for short-haul drivers, contributing to the optimization of delivery times and costs. Trucking companies are striking a balance between short-haul and long-haul strategies with blockchain technology. It ensures transparency and traceability by providing verifiable information about the origin and journey of food products, building trust among consumers. This helps reduce the risk of fraud and minimizes the occurrence of foodborne illnesses, leading to substantial cost savings for the industry.On account of these emerging trends, the global food distributors market is expected to grow at a CAGR of 3.5 percent by 2029. This edition on Food Distributors 2024 brings insights into the latest developments in the food distributors space and how organizations leverage these trends to enhance operational efficiency, reduce delivery time and ensure top food quality. It features a thought leadership article from Ilana Fridman, Supply Chain Planning Manager, Hain Celestial, who sheds light on understanding consumer demands, implementing sustainable practices and innovating to provide natural and organic food solutions that prioritize quality, healthiness and environmental responsibility. It also features an article by Greg Pena, Sr Manager, Purchasing (Produce, Packaging) at Panda Restaurant Group, who highlights the importance of setting clear objectives and aligning strategies across the supply chain and organization before engaging in negotiations or activities. In this edition of Food Business Review, we also bring you the story of the top food distributors meeting the evolving needs of consumers and presenting best quality food in less time. Among them, ICI Foods, LA Lucky and OCM Globe Inc. are bringing authentic Asian flavors to the U.S. market, to cater to evolving consumer demands. We hope you find the right partner to meet your organization's needs.Let us know your thoughts!
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