Are you overwhelmed by the rapid changes in the food and beverage industry? Just like you, many other manufacturers are deeply impacted by the sudden customer changes, bans, technological advancements, and health concerns in the market. The changes have caught on at a faster pace for a couple of years due to environmental and social changes. With the emergence of veganism, manufacturers now have to lay extra emphasis to produce separate non-animal-based products. Plastic ban around the world has also muscled manufacturers to practice eco-friendly measures. The key measure any food and beverage manufacturer can take today is to deploy a suitable Food and Beverage ERP into the business.
Working with different systems to run manufacturing operations can always add to your complexities. During these unpredictable times, it’s always smartest to pick a Cloud-based Food and Manufacturing Software Solution that stores and manages your data on a single server. One of the most renowned examples these days is Microsoft Dynamics 365. ERP for the Food and Beverages Industry is hosted on Microsoft Azure Cloud, which ensures bank-level data security and a team of experts working on its development 24/7.
The food and beverage industry are seeing various challenges these days, and in this blog, we will discuss the prominent challenges and the most possible trends you can expect next year.
Current Challenges in the Food and Beverage Industry
Plastic Ban Reinforcement
Food and beverage manufacturers are now looking for the best conductive practices to complement the environment. To ensure sustainable growth, producers must implement eco-friendly practices right from the start to the end of the manufacturing process. You can even implement D365 Food and Beverage ERP that helps streamline every step of production.
Strict Regulations on Waste Management
Most food and beverage producers adhere to the laws. However, the constantly changing laws on surplus production, waste management, food quality, waste disposal, and so on cause more challenges for them. To overcome this challenge, manufacturers must focus on improving their overall business operating policies.
The e-Commerce Trend
No manufacturer can escape eCommerce these days. Customers around the world have witnessed the comfort of technology, the ease of getting what they want fast, without having to visit the store. This has opened doors to new opportunities for many businesses, but traditional manufacturers are still somehow struggling with the change. It’s high time they start promoting their services online.
Rise in Non-Animal Product Demands
With the rise in veganism, the demand for meat and animal-based products has seen a significant decline. Manufacturers are too transitioning to adopt these new trends in the market. Many of them have already started vegan food and beverage production to maintain their goodwill. However, many are still on their way.
Trends You Can Expect to Witness in 2023 and How You Can Cope with Them
The major trend change you can see in 2023 is the technological advancements in manufacturing plants. Only the brands that implement Food and Beverage ERP will thrive in the market, the rest may barely survive. Given below is the list of upcoming trends:
Optimized Supply Chain with Food and Beverage ERP
There will be massive competition among the Food and beverages producers hence optimizing the supply chain to turn the business more agile, resilient, robust, and advanced will become a necessity rather than a choice. You can look for agile Food and Beverage ERP Solutions in the market. Make sure your technology handles your business and customers together with the least/ no complexities. Choose your Food Manufacturing Production Software Wisely.
Use of Advanced Technologies
As mentioned above, the latest technologies like AI and ML will be in trend next year. They are excellent at cutting unnecessary costs, reducing human errors, reducing time, enhancing services, etc. These technologies will not only provide a competitive edge to the users but also leave them enough time to strategize new ideas for the business.
Product Transparency to the Customer
Gone are the days when customers didn’t mind you not being transparent with them. Today, they demand transparency on how humane and sustainable your production process is, and this is most likely to become one of the most important aspects for manufacturers in 2023. Using a Food and Beverage ERP like Dynamics 365 for Food Manufacturing can ensure your customers are informed about the ingredients and processes you use in your plant. You do not need separate software as everything is done on the same platform.
With the advanced technology in hand, manufacturers will focus on cutting waste like unnecessary costs, food waste, production surplus, and so on. With technology incorporating Business Intelligence technology like Microsoft Power BI, you can easily predict customer demand which significantly aids waste-cutting measures. It is recommended to implement Food and Beverage ERP that incorporates features promoting waste cutting.
For better health, fitness, and preventing animal cruelty, many people are shifting to veganism every year, and the same trend can be seen in 2023. Manufacturers need to add vegetable-based products to get into the vegan market.
Processed food items do not have a long shelf life, they need to be sold off before getting perished. Due to sudden customer changes, food items go wasted. With a Food and Beverage ERP like Microsoft ERP for Food and Beverages, producers can forecast demands, be transparent with customers, understand changing market dynamics beforehand, and a lot more. If you wish to implement ERP for Food Industry, Microsoft Dynamics 365 would be the most suitable. Contact Trident Information Systems, one of the top Microsoft Dynamics 365 Gold Implementation Partner, and LS Central Diamond Partner for further information.