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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.


Part 2

For businesses navigating these turbulent waters, detailed insight into product margins and financial performance is paramount. Infor CS Food & Beverage emerges as a pivotal solution, providing comprehensive cost visibility to manage product and customer profitability effectively. Its capabilities extend to multi-site plant operations, facilitating the drive towards standards and efficiency.

Partnering with Info and ICCG offers a beacon of hope amidst these challenges. Info's OS technology platform empowers businesses to leverage advanced tools and insights, enabling them to navigate complexities and thrive in dynamic market conditions. Meanwhile, ICCG stands as the trusted partner for successful implementations, offering expertise and support to drive digital transformations in the food and beverage sector.

Stay tuned for our next blog, where we'll explore the intersection of climate change and geopolitical tensions, amplifying the need for supply chain agility in the industry.


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

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