Roadmap to Transformation in Food & Beverage
Roadmap to Transformation in Food & Beverage Contents What does digital transformation really mean for the Food & Beverage industry? 03 05 Transformation journey Warehouse of for food and beverage the future 07 09 Digital strategy should be Restaurant renaissance: everyone’s responsibility how to revive an ailing industry 3 ROADMAP TO TRANSFORMATION IN FOOD & BEVERAGE CHANGE Transformation journey for food and beverage With thousands of new products launched each year, UK food and drink companies are seasoned innovators, fearless in adapting to change. Now, with shifting consumer trends, tougher regulations and rising costs, businesses must do more than simply adapt, they need to transform Alison Coleman Bahige El-Rayes, partner and leader in consumer and retail practice at A.T. Kearney, ome sectors in food and beverage are explains: “After years of weak growth, many S feeling the pressure more than oth- food and beverage companies are using the ers. Restaurants have had a particu- pretext of digital transformation as a tool to larly tough time, with big brand names suc- buy more time,” he says. “If they want to sur- cumbing to market pressures. Insolvencies vive in the current climate, their focus must rose by 25 per cent in the last year, according be on how they transform and innovate their to accountancy firm UHY Hacker Young. core business models.” In warehousing, a cornerstone of the food In food retail, the biggest challenge to and drink business, traditional manual han- successful transformation is disruption dling processes can no longer meet consumer within the industry. Discounters such demand for faster service, greater transpar- as Lidl and Aldi are continuing to grow ency and better accountability.
[Show full text]