Infor Japan K.K.
Infor Japan Releases 2023 Food and Beverage Industry Predictions
Infor Japan Co., Ltd. (Chiyoda-ku, Tokyo, hereinafter referred to as Infor), the Japanese subsidiary of Infor, a U.S.-based
industry-specific cloud company, today announced the following forecasts for the food and beverage industry in 2023.
This forecast is from Koki Sato, General Manager of Infor Japan Solution Consulting Division. The food and beverage industry in 2023 will explore new paths in product, sourcing and technology, and prepare for the unexpected. To leap to the next level this year, companies in the industry are making greater use of cloud-based solutions to help their businesses meet consumer demand while addressing the challenges posed by supply chain instability and climate change. is expected to expand. Here are some of the trends and forecasts food and beverage companies should consider this year. Prediction 1. Supply Chain Agility and Cost
From now on, chaos will become the norm. The only certainty about global supply chains is that the future is unpredictable. Food and beverage supply chains need to plan with agility to detect problems early and meet demand in the face of a mix of external factors such as rising commodity prices, geopolitical tensions and extreme weather events. are required to do so. In 2023, the food and beverage industry will seek to diversify raw materials and suppliers to compensate for supply disruptions. Companies must meet demand as accurately as possible to ensure smooth operations and optimized production. Prediction 2. Manufacturing Automation
The global labor shortage is undoubtedly a post-COVID-19 challenge impacting the output of the food and beverage industry. A new generation of workers does not want lifetime employment and is interested in careers that match their values. Given the pressure to keep supply in line with growing demand, food and beverage companies will need to invest in Industry 4.0 technologies to fill the workforce shortage. For example, by utilizing image recognition through machine learning (ML), robots can automate manual tasks such as sorting, grading, cutting, and slicing that previously required human eyes and judgment. .
Prediction 3. Rise of artificial intelligence and machine learning More and more businesses are adopting artificial intelligence (AI) and machine learning (ML) solutions on the cloud. For example, a dairy company implemented a machine learning model to optimize yield and minimize waste in cheese production. Previously, it was only possible to retroactively analyze production volume and some key parameters, such as protein, milkfat and temperature, which were insufficient to immediately improve yields. Today, it is possible to continuously adjust processes, taking into account more important parameters. A 1 percent improvement in yield translates to $500,000 in cost savings. 2023 will see even more of these smart cost savings cases.
Prediction 4. Acceleration of food innovation
Changes in raw materials due to shortages or soaring prices, procurement from alternative suppliers, and reduction in packaging size are the mainstream. On top of that, true food innovation is becoming the new norm. Many of the alternative protein, cultured meat and formula start-ups will grow exponentially, fueled by consumer choice and the willingness to invest in innovation by major food companies.
Prediction 5. Sustainability and transparency
Climate change is an increasingly pressing threat, and there is no doubt that the food and beverage industry will be affected. Businesses should consider local sourcing of alternative products and use machine learning to reduce energy, water and food waste. In addition, pressure from governments and public opinion requires public disclosure of progress on sustainability and transparency, so full supply chain transparency remains paramount.
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Infor Japan K.K.