The food and beverage industry is moving in a fresh direction. After surviving a global recession, sector executives are again optimistic about growth—in revenues, profits and, to a lesser extent, hiring. Yet external pressures such as rising ingredient prices and increased regulation, continue to pressure profit margins. Leading organizations will balance investment in growth with strategies that improve efficiency and minimize risk, primarily through automation and information technologies. Based on consultation with 248 food and beverage senior executives across seven (7) countries, this report outlines the current state of the food and beverage industry and details opportunities for the future.
Published By: Grant Thornton, www.gti.org
Publication Date: November, 2013