As the economic landscape evolves in 2024, food and beverage companies are facing growing pressure from economic uncertainty, prompting consumers to tighten their budgets. The shift in consumer behavior—marked by increased price sensitivity and a tendency to trade down to less expensive goods—poses a direct threat to revenue. To counteract these trends and drive sales, businesses must invest strategically in promotional activities. However, striking the right balance between meeting the needs of more frugal consumers and maintaining profitability is crucial. Read more in our industry outlook: https://rsm.us/4eeeqpy
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Navigating the Storm: How Inflation and Interest Rates are Reshaping Food & Beverage Inflation and interest rates are shaking up the food & beverage industry, driving up costs across the board. From ingredients to transportation, businesses are feeling the pinch, leading to higher consumer prices. But with insights and agility, some are weathering the storm better than others. Amidst rising rates, smaller players are struggling against the tide, while larger enterprises dominate the landscape. But there's hope! Detailed insights into margins and performance are key to staying afloat, and Infor CS Food & Beverage offers just that. Partnering with Info and ICCG unlocks a world of possibilities. With Info's OS technology platform and ICCG's expertise, businesses can navigate these turbulent waters and thrive in dynamic market conditions. Dive into the details here: https://hubs.li/Q02w3dBC0 Stay tuned for more insights in our next blog as we explore the impact of climate change and geopolitical tensions on supply chain agility. #FoodIndustry #Inflation #TechSolutions
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Supply chain agility is crucial in the food & beverage industry to adapt to disruptions, ensure sustainability, and meet changing consumer demands efficiently. It enables businesses to respond swiftly to market changes, manage risks, and maintain competitive advantage.
Navigating the Storm: How Inflation and Interest Rates are Reshaping Food & Beverage Inflation and interest rates are shaking up the food & beverage industry, driving up costs across the board. From ingredients to transportation, businesses are feeling the pinch, leading to higher consumer prices. But with insights and agility, some are weathering the storm better than others. Amidst rising rates, smaller players are struggling against the tide, while larger enterprises dominate the landscape. But there's hope! Detailed insights into margins and performance are key to staying afloat, and Infor CS Food & Beverage offers just that. Partnering with Info and ICCG unlocks a world of possibilities. With Info's OS technology platform and ICCG's expertise, businesses can navigate these turbulent waters and thrive in dynamic market conditions. Dive into the details here: https://hubs.li/Q02w3dBC0 Stay tuned for more insights in our next blog as we explore the impact of climate change and geopolitical tensions on supply chain agility. #FoodIndustry #Inflation #TechSolutions
Part 2: Major Trends Impacting The Food & Beverage Industry
blog.iccg.com
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This is a vital read for any connections in the food and beverage sector. Fascinating findings about the rapidly changing landscape for food manufacturers, suppliers, retailers and consumers. The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
ideagen.com
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Food and drink are essential for life, but what challenges is the industry facing today? Explore the Ideagen 2024 Food industry audit report for insights into the current landscape and opportunities in the food and beverage sector. Learn about risks like commodity inflation, supply chain disruptions, and environmental factors, and discover how the industry is adapting. Get your complimentary report now! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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🍎🥤Food and drink - we all need it to survive ... but what factors are impacting the survival of the industry right now? The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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🍎🥤Food and drink - we all need it to survive ... but what factors are impacting the survival of the industry right now? The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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🍎🥤Food and drink - we all need it to survive ... but what factors are impacting the survival of the industry right now? The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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VP Professional Services (EMEA & RoW), MBA, BA (Hons), CQP FCQI, FRAeS, FInstLM, MIMA, RAF
🍎🥤Food and drink - we all need it to survive ... but what factors are impacting the survival of the industry right now? The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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Marketing Leader. Helping highly regulated industries with digital transformation and compliance challenges.
🍎🥤Food and drink - we all need it to survive ... but what factors are impacting the survival of the industry right now? The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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Marketing professional with 20+ years of experience in marketing, event management, sales and building and managing key relationships with various stakeholders.
🍎🥤Food and drink - we all need it to survive ... but what factors are impacting the survival of the industry right now? The Ideagen 2024 Food industry audit report takes a deep dive into the current challenges and opportunities facing the food and beverage sector. Understand the key risks, including commodity inflation, supply chain disruptions and new environmental factors, and get insights on how the industry is gearing up to these challenges. Download your free copy today! 👇 #foodindustry #riskmanagement #foodandbeverage
2024 Food industry audit report: Back to business as unusual
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Interesting perspective on the evolving challenges for the food and beverage industry. Striking the right balance between consumer demands and profitability is key.