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Part 2: Major Trends Impacting The Food & Beverage Industry

Posted by Harriet Schneider on May 3, 2024 2:42:34 PM

Part 2: Navigating High Inflation and Interest Rates in the Food & Beverage Industry

Inflation and interest rates are casting a significant shadow over the food and beverage industry, profoundly impacting various aspects of operations. Prices for ingredients, packaging, energy, transportation, and labor have surged, translating into higher consumer prices. As a result, consumers are shifting towards lower-priced alternatives, posing challenges for manufacturers. Those equipped with robust insights and cost agility are weathering the storm better, while others grapple with shrinking margins.

Amidst this economic turbulence, regulators have responded by significantly increasing interest rates to curb inflation. However, this move has further strained smaller businesses and startups, grappling with the high cost of capital. Consequently, the industry landscape is witnessing a scenario where larger enterprises dominate, consuming smaller players struggling to stay afloat.

 

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Topics: Food & Beverage, PLM, Infor Optiva, CloudSuite Food & Beverage, CloudSuite PLM, Infor PLM, Infor Partner, Food & Beverage PLM, Infor PLM for Process

Blog Series: Major Trends Impacting The Food & Beverage Industry

Posted by Harriet Schneider on Apr 25, 2024 9:00:00 AM

Part 1: The Adoption of Technology in Food & Beverage

In today's rapidly evolving food and beverage industry, adopting technology is not just a choice but a necessity for businesses aiming to stay competitive and efficient. From AI and machine learning to enterprise automation and IoT, technological advancements are reshaping how companies operate, engage with customers, and manage their supply chains.

The Role of Technology in Business Transformation

Leading food & beverage sector businesses embrace a digital-first approach to drive growth and streamline operations. This includes leveraging technologies such as artificial intelligence (AI), machine learning (ML), generative AI, enterprise automation, IoT (Internet of Things), and Industry 4.0 solutions to enhance productivity, optimize processes, and deliver superior customer experiences.

Partner Spotlight: Info's OS Technology Platform

Our partner, Infor, with its innovative OS technology platform, is at the forefront of this technological revolution. Info has been instrumental in helping food & beverage businesses harness the power of cutting-edge technologies to unlock new opportunities and overcome operational challenges.

How Info is Empowering Businesses

Infor's OS technology platform offers tailored solutions designed to meet the specific needs of food and beverage companies. By leveraging AI and machine learning, Info enables businesses to analyze vast amounts of data in real time, gaining actionable insights to optimize production, predict demand, and enhance supply chain efficiency.

 

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Topics: Food & Beverage, PLM, Infor Optiva, CloudSuite Food & Beverage, CloudSuite PLM, Infor PLM, Infor Partner, Food & Beverage PLM, Infor PLM for Process

Mitigating Supply Chain Disruptions: Strategies For Greater Resilience

Posted by Harriet Schneider on Apr 11, 2024 6:54:39 PM

Recently, Will Quinn, Global Director of Strategy, WMS, for our partner Infor, wrote this blog dedicated to strengthening supply chain resilience and mitigating disruptions. As manufacturing, distribution, and logistics leaders, you know the critical importance of a well-managed supply chain for organizational success, so we have decided to share this with you. However, disruptions—unexpected events that disrupt the flow of goods and services—are inevitable and can have significant impacts, such as shipping delays, increased costs, and revenue loss, ultimately affecting your bottom line and customer satisfaction.

The blog aims to provide comprehensive insights into supply chain risk mitigation strategies and explores critical approaches, including nearshoring, redundancy creation, investment in visibility software, and effective inventory management. It aims to guide you in navigating disruptions and establishing a resilient, disruption-proof supply chain.

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Topics: Supply Chain, WMS, Supply Chain Management, Infor Partner, Infor WMS

Navigating The Cloud For Seamless Operations And Growth

Posted by Harriet Schneider on Apr 5, 2024 8:00:00 AM

In the fast-paced landscape of modern business, continuity is more than just ensuring system uptime. It encompasses security, reliability, and the ability to capitalize on new opportunities swiftly. Cloud enterprise software emerges as the gateway to achieving this level of continuity, offering a secure and reliable platform that enables agile responses to emerging opportunities and market demands. Read the full guide or continue the blog for a complete summary.

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Topics: Cloudsuite Fashion & Apparel, Cloud, Infor Cloudsuite Chemical, ICCG, Infor Partner, Infor Cloudsuite Food & Beverage, International Computer Consulting Group

Optimizing Retail Supply Chains In A Digital Age.

Posted by Harriet Schneider on Mar 27, 2024 8:45:00 AM

The landscape of retail is continually evolving, driven by the proliferation of e-commerce and digital channels that have transformed consumer behavior. Retailers no longer solely interact with consumers at physical locations; instead, they must navigate multiple touchpoints where consumers research, evaluate, and purchase products across various platforms.

To succeed in this dynamic environment, brands need robust supply chain management solutions that can fulfill product demand through any channel while minimizing the complexities and costs associated with returns processing. Inventory optimization is also crucial to ensuring efficient movement of products and reducing markdowns.

Read the paper.

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Topics: Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion, ICCG, Infor Partner, International Computer Consulting Group

The Top Ten Benefits Of Software-As-A-Service Analytics.

Posted by Harriet Schneider on Mar 25, 2024 10:29:15 PM

In the ever-evolving business landscape, the quest for efficiency, productivity, and competitive advantage remains paramount. This journey often relies on effectively leveraging data, and Business Intelligence (BI) tools have become indispensable for many organizations in achieving these goals. Traditionally, BI solutions have been associated with hefty investments and complex implementations. However, cloud BI platforms have revolutionized this space, offering a more agile and cost-effective approach to data analysis and decision-making.

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Topics: Food & Beverage, Cloud BI, ICCG, Infor Partner, Infor Cloudsuite Food & Beverage, International Computer Consulting Group

Out Of Season Habits Of The Fashion Industry

Posted by Harriet Schneider on Mar 19, 2024 8:32:56 PM

In the ever-evolving fashion industry landscape, it's imperative to reassess traditional practices and embrace innovative approaches to foster sustainability. Rather than perpetually chasing the trend treadmill and inundating the market with new products, fashion companies must pivot towards establishing a dynamic ecosystem of services that actively engage consumers in sustainable practices.

The conventional fashion design and production paradigm has led to alarming levels of waste and environmental degradation. McKinsey & Company estimates that a staggering 20% to 30% of clothing produced is discarded each year, amounting to approximately 92 million tons of waste. This unsustainable cycle perpetuates environmental harm and poses significant economic challenges for the industry.

To combat this pressing issue, a paradigm shift is necessary. Instead of fixating solely on product creation, the focus must expand to encompass a multifaceted approach centered on service-oriented solutions. By leveraging emerging technologies like 3D printing and artificial intelligence (AI), fashion companies can embrace made-to-order services, tailoring production to meet demand precisely. This reduces overproduction and fosters individual customization, adding value for consumers while minimizing excess inventory.

This is a summary of a blog written by Helene Behrenfeldt, Fashion Industry & Solution Strategy Director, Infor

Helene works as a strategist at Infor, focusing on the fashion industry. She has over 20 years of experience talking to clients, giving advice, and positioning solutions to help support their businesses. Areas of expertise include multi-channel global operations, sustainability, product development, inventory management, and overall fashion brand focus. She is responsible for investigating where the market is going to make sure Infor is well-positioned to meet the needs of the fashion industry today as well as tomorrow. 
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Topics: Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion, ICCG, Infor Partner

Evaluating Cloud Migration Options In The Fashion Vertical.

Posted by Harriet Schneider on Mar 11, 2024 8:00:00 AM

"Evaluating Your Cloud Migration Options: Which Path is Right for Your Business?" discusses the benefits of migrating to the cloud and provides guidance on strategic considerations for cloud migration.

The paper highlights the advantages of cloud-based enterprise software, emphasizing improved agility, reduced total cost of ownership (TCO), enhanced performance and scalability, faster innovation, simplified security and compliance, and increased technology adoption.

It outlines three strategic areas for cloud migration:

  1. Core Business Operations: Moving critical business functions like financial, operations, and supply chain management to the cloud.
  2. Key Business Processes: Focusing on specific business processes to balance risk and return on investment.
  3. Enterprise Analytics: Leveraging cloud data platforms to aggregate data and foster a data-driven culture.
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Topics: Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion, ICCG, Infor Partner

Celebrating International Women's Day & Empowering Women Worldwide

Posted by Harriet Schneider on Mar 7, 2024 2:49:19 PM

As we celebrate International Women's Day on March 8th, we are poignantly reminded of the ongoing journey towards gender equality and women's empowerment worldwide. At ICCG, we recognize the invaluable contributions of women in every aspect of society and are committed to supporting and uplifting women not only globally but also within our own company.

This year's International Women's Day theme, "Inspire Inclusion," resonates deeply with our core values. It serves as a call to action to challenge stereotypes, fight discrimination, and create a more inclusive world. As an organization, we firmly believe in fostering an environment where everyone, regardless of gender, feels valued, respected, and empowered to thrive.

Empowering women isn't just a slogan for us; it's a fundamental aspect of our mission and vision. We understand that supporting women's rights and advancement isn't just the right thing; it's also innovative business. Research consistently shows that companies with diverse leadership teams and inclusive cultures outperform their counterparts.



Image by Markéta Klimešováa
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Topics: ICCG, Infor Partner, International Womens Day 2024, Inspire Inclusion, IWD 2024, Women Supporting Women, Women Empowerment

Independent Computer Consulting Group, Inc. (ICCG) Adds Infor Warehouse Management Solution To Serve Its Enterprise Customers

Posted by Harriet Schneider on Mar 4, 2024 8:00:00 AM

With value-added strategic edge applications from Infor and implementation consulting from ICCG, businesses can gain a competitive advantage by leveraging cutting-edge technology to optimize operations, enhance decision-making, and drive innovation across their organization.

Independent Computer Consulting Group, Inc. (“ICCG”) is pleased to announce the addition of Infor Warehouse Management Solution (WMS) to an already robust selection of Best-In-Class Solutions from Infor and other strategic solution providers. Infor Warehouse Management Solution (WMS) suite combines Warehouse Operations Management, Labor Management, and 3PL Billing into a single application on a unified database to reduce the complexity of Warehousing and Logistics Management and clarify daily decision-making.

ICCG Inc. is an Infor enterprise software-focused consulting firm with a global presence and a track record of over 2,000 business transformation projects and execution across Infor M3 ERP systems and Supply Chain Planning Systems, Warehouse Management solutions, and now PLM solutions deployments.

With warehouse operations being more complex than ever, having up-to-date functionality to keep up with the latest trends and customer requirements is key to growing your business. Infor WMS is a best-of-breed, Tier-1 warehouse management system built on the cloud and is designed to streamline warehouse operations through advanced inventory management, labor management, 3PL billing and invoicing, 3D visualization, embedded analytics, and more.



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Topics: WMS, ICCG, Infor Partner, Infor WMS, Infor Warehouse Management, Infor Warehouse Management Solution

About ICCG

Welcome to our Blog - ICCG Insights!

Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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