Food and Beverage

Food and Beverage industry outlook

The food manufacturing industry is the largest industry in the world. Across the EU, food and beverage expenditures average 12.9% of household consumption. And in the U.S., the industry produces one dollar in every six of the U.S. industrial output, generating more than $700 billion a year in revenue.

The Food and Beverage industry continues to face a demanding market environment that requires companies to adjust and actively manage change that may impact sales and performance. At the same time, advances in technology and analyzing data are helping companies drive growth, streamline operations and engage better with consumers.

0
st
Largest industry in the world
0
%
household expenditures in Food and Beverage of total revenue in E.U.
0
billion
yearly industry revenue in the U.S.

Points of interest in Food and Bev industry

Information to consumers on labeling:

There is a need for more clarity and specific details. Consumers, retailers, industry and regulators are all driving more transparency in labeling. INCO and FSMA involve some labeling changes in E.U. and U.S. to better inform consumers about what they eat and drink. Many businesses are opting for food and beverage software to perform labeling and assist them in offering new labels to consumers.

“Free-from” trend

Once considered a small niche area, the market is starting to expand with the main supermarkets introducing “free from” aisles as well as their own branded products and a number of innovative and exciting start-ups making waves in the space.

food and beverage software

Millennial target:

Meeting the needs of the millennial consumer has also become a key focus. Formal mealtimes are continuing to decline in popularity and growing numbers of foods and drinks are now considered to be snacks. Quick, healthy foods are tending to replace traditional meal occasions and more snacks are targeted at specific moments of consumption, with different demand influences at different times of day.

Food and Beverage industry challenges

The food and beverage industry faces a number of challenges that other process manufacturers do not have to manage as acutely.

Lascom food industry software solution

In this context, innovation is the new key word in FMCG. For many years, Food and Beverage companies increased growth and margins by improving efficiency in production processes. But now, productivity is not enough, and innovation is rising as the new way to lead the marketplace.

A single core repository makes product information management easier and specification management more efficient. Lascom repository also incorporates additional collaboration features such as creation wizard, mark-ups and reviews, alerts, electronic signatures, etc.

Success Stories

  • Bolthouse Farms

    Bolthouse Farms

    Bolthouse Farms is North America’s market share leader in growing and distributing fresh-cut carrots and offers ‘all things carrot’, including... Read more »
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  • Maple Lodge

    Maple Lodge

    Maple Lodge Farms increases productivity, shortens product development cycles, and reduces risk with Lascom CPG Solution Maple Lodge Farms (MLF)... Read more »
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  • Poultry leader

    Poultry leader

    France’s largest chicken products and chicken based products processor and distributor, employs more than 16 000 people all around the... Read more »
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  • Artenay cereals

    Artenay cereals

    Artenay cereals is the leading French manufacturer of cereal bars and muesli in the private label market. The company has... Read more »
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  • Yoplait

    Yoplait

    Lascom solution helps YOPLAIT achieve faster product development times Dairy manufacturer Yoplait selects Lascom's CPG Solution to reduce product development... Read more »
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  • LACTALIS

    LACTALIS

    To meet new food regulations and increase productivity CPG solution from Lascom helps Lactalis meet new food regulations and increase... Read more »
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  • Bolthouse Farms
  • Maple Lodge
  • Poultry leader
  • Artenay cereals
  • Yoplait
  • LACTALIS

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