Food and Drink
The food and drink industry with all its sub-sectors have a good international trade position experiencing all demonstrating improvements, despite of failing labour productivity and various value added services. The industry faces a significant challenge in attracting staff with high level of skills that may not typically relate the food sector (e.g. digital skills, behavioral science, genetics, etc.). Furthermore, access to high-skilled staff is essential for the industry to innovate new things. Therefore, the solution addresses both, access to high-skilled labour and rising levels of innovation.
There are various independent retailers in the industry. An interesting development among major independent retailers is an increasing tendency to be associated with wholesale or commodity suppliers, and the increased presence of purchase cooperatives that represent their trade or interest and facilitate supply. These cooperatives faced two main challenges in the past decade: firstly a need to cut costs in response to the discount retailers and market conditions; secondly, a need to control the production process of final food products due to increased food safety and labelling regulations and consumer demands.
Benefits of Industry
- Reduction in inventory cycle time
- Understanding the consumer demand in an easy way
- Efficient supply chain and increased sale profits
- Reducing running cost
- Options to pay and order online at fast food restaurents