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March 24, 2020

Everything you need to know about AI and the drinks industry – FUTURES report

Artificial Intelligence has already infiltrated many areas of food and drinks production but has only scratched the surface in terms of its potential, according to the latest edition of just-drinks' FUTURES service.

Artificial Intelligence has already infiltrated many areas of food and drinks production but has only scratched the surface in terms of its potential, according to the latest edition of just-drinks’ FUTURES service.

Free Report
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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

From supply chain management, waste management, predictive maintenance and scheduled ordering to weather predictions, food safety compliance and new product development, machine learning is reshaping businesses, the report, ‘Machine Dreams: The Future of AI in Food and Beverage Operations‘, explains.

In the latest edition of FUTURES – a series of free-to-read digital reports, designed to help food and beverage firms plan for the longer-term future – we explore the megatrends behind the growing use of AI in food and drinks operations. The report also looks at how AI is likely to develop in the next five years, while also assessing what food and drinks companies can start to do now.

Also featured in this report is an interview with Joe McNamara, director for global IT at US food giant Kraft Heinz. McNamara discusses how the company has applied AI to its business so far, and how he sees the technology being used in the future.

The use of AI in food and drinks manufacturing falls under what has widely been dubbed the fourth manufacturing revolution, or Industry 4.0. As FUTURES reveals, that revolution is already happening.

Visit the just-drinks FUTURES microsite to download this report  – and previous reports – for free.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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