Semi-Final Flashcards
(94 cards)
Food and beverages trends 2017 competitive marketplace
Chanting customer needs
Understanding millenial preferences
Leveraging key technology strategies
Mindful of strategic acquisitions
2017 trends and issues in food and beverage industry
Changing customer preferences Mergers and acquisitions Food safety Ecommerce Sustainability Technology
The demand for online grocery and subscription food services will continue to grow in 2017
Ecommerce
Spicy and exotic flavors, snacking and health and wellness are all at the forefront for consumer food preferences in 2017
Changing customer preferences
In recent years, consumer confidence in the safety of the U.S. Food supply has declined
Food safety
The millenial generation is frequently driving those choice options with their adventurous palates
Changing customer preference
Busy consumers show their preference for doorstep delivery
Ecommerce
Many companies in 2017 will add new product lines or introduce healthier products and ingredients to their existing foods and drinks
Mergers and acquisitions
Fresh product delivery will grown in demand as well, like Amazon’s Fresh service providing on-demand fresh vegetables, fruits and more
Ecommerce
Rather than developing these newer products and within the business’ existing operations
Mergers and Acquistions
According to recent International Food Information Council Foundation’s food and Health survey, more than 70% of Americans have expressed concerns about the safe production of their food and beverage and approximately 40% of consume changed their diet because of the perceived food-safety issue
Food safety
More and more, we are seeing companies acquire businesses that are producing the type of foods or ingredients they’re looking for
Mergers and acquisitions
More and more consumers, particularly Millenials want to know their food producers are green, charitable with their excess product, control their water consumption, use alternative energies like solar power, and reduce wasteful packaging and more
Food sustainability
Current trends in Transportation
The modern consumer Driverless technology/Autonomous Driving Rise in E-commerce Automated Delivery of Goods TMS
Current issues in Transportation
Fuel costs Environmental issues Improved customer service Business process improvement Technology strategy and implementation
Those who have grown up in the age of Amazon, Lazada, OLX and Ebay have an inherent desire to receive goods and services instantly
The modern consumer
Putting increased pressure on transportation and logistics companies to deliver goods exceptionally fast, and at the lowest price.
The modern consumer
While the industry understands and supports many of the benefits of these technologies, some questions remain as to how they will pay for it and who will help implement the improvements.
Technology strategy and implementation
It essentially facilitates planning, monitoring and controlling traffic
TMS
In order to realize the maximum benefit of existing infrastructure and provide highly reliable and secure mode of transport and pay heed to environmental concerns among consumers.
TMS
TMS
Traffic Management System
Road infrastructure is of poor quality and hence already diminishing non-renewable petroleum resources are exhausted in a staggering manner.
Business process improvement
Taking advantage of these new opportunities sounds enticing but adoption and onboarding can be overwhelming
Business process improvement
In addition, the movement toward automation is drastically improving productivity.
Automated Delivery of Goods
