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Food Business Review | Tuesday, July 12, 2022
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Despite the significant challenges in running the food and beverage business, the industry is predicted to show healthy gains in the coming years.
Fremont, CA: The food & beverage industry is constantly one of the fastest-moving in regards to the changes that come annually in terms of tastes, preferences, packaging, manufacturing, storage, transportation, and many more.
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The industry has experienced many changes in the past decade due to the swiftly changing behaviors of consumers, technological advancements, and regulations. Unfortunately, these factors have also plagued the industry with many obstacles. Being a consumer-driven industry, this industry faces serious challenges, and here is more about it.
The Plastic Ban
The increased intake and improper disposal of plastic are among the major challenges faced by food and beverage managers today. In this scenario, a product named ‘eco-friendly’ has more of a consumer relationship and is likely to make profitable sales than a product that impairs the environment. Consequently, food and beverage manufacturers compete to make the food manufacturing process environment-friendly by adopting numerous recycling practices.
Health-Conscious Consumers
The increase in food-related disorders has prompted consumers to change their diet and lifestyle drastically, making them more health-conscious than ever. Now, the thought is diverted towards purchasing foods without added preservatives that might hamper health.
The need for products that carry the ‘healthy’ label is bound to reduce and stay at the top. The requirement to eliminate artificial ingredients from products has become a significant challenge faced by food and beverage managers.
Concerns About Product Traceability
Traceability is one of the important challenges in the food and beverage industry, not just for record management but also to satisfy the bottom line. Consumers have been increasing interest in knowing what goes into their food, leading to ingredient labeling becoming a great part of the packaging process.
In addition, with public trust in food supply chains decreasing drastically and awareness about glitches in the supply chain through the last few years, end-to-end traceability has evolved as one of the megatrends in the food and beverage industry.