As 2023 comes to a close, we take a look back at the most read articles of the year. Food and consumer trends, inflation, and sustainability were top topics this year, but we also looked to the future of the industry with a focus on innovative solutions such as enterprise resource planning (ERP) software and Radiant . Energy under vacuum (REV) technology.
Here are the top 10 articles of 2023:
Looking ahead to 2024, we’ve put together some of our top predictions for next year’s food trends, including a trend toward luxury and self-expression (ADM) and a focus on water conservation efforts (Whole Foods).
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Earlier this year, guest author Carlos Fernandez of JBT Corporation highlighted five sustainability trends predicted to take center stage in 2023. Focus on reducing food waste. and cell-based protein innovation.
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Also in early 2023, guest authors at LatentView Analytics weighed in on the proposed Kroger-Albertsons merger, highlighting how the merger would create two specific customer-centric opportunities: smart personalization and intelligent fulfillment. We emphasized the possibilities that can be created.
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A report released by Deloitte in February discusses six grocery store behaviors that are closely related to consumer frugality. Many consumers report that they limit the quantities they purchase and make trade-offs to reduce costs, often choosing less expensive items.
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The impact of inflation became a hot topic at the beginning of this year, as it became clear that consumers were changing their spending habits, purchasing products less frequently and switching brands. There was also a focus on providing affordable premium products and attracting Gen Z workers to manufacturing.
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Key Technology guest author Buffy Hagerman examines how automation is transforming the food industry, from robotics and artificial intelligence (AI) to packaging and drones, and explores how automation is transforming the food industry, from cost to speed to safety. We discuss the various benefits of automation, including resilience and resilience.
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This year, we published the second edition of our Food and Beverage Industry Software Trends Report. Representatives from across the food industry were asked to share their companies’ most valuable software solutions and biggest challenges, among other topics. In 2023, the percentage of processors and manufacturers who say software provides a competitive advantage for their business will increase from 30% in 2022 to 54%.
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Perceptions have changed in the private label market, and such products are now seen as high-quality alternatives to well-known brands. This is in part because many branded products went out of stock during the pandemic, prompting consumers to try private labels. Research also shows that private label products are attractive to consumers of all income classes.
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According to Deloitte’s 2023 Consumer Products Industry Outlook, the majority (70%) of CPG executives say their roles are more stressful than they were five years ago. Meanwhile, four in 10 (40%) consumers said their financial situation was worsening. Despite these challenges, the report highlighted his five factors that will drive profitable growth in 2023.
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Guest author Neval Ceyhun from Unilever provided an overview of radiant energy under vacuum (REV) technology and its role in creating healthy snacks. With the growing demand for healthy snacking, REV can achieve higher retention rates (less than 20% loss) compared to air-dried products that lose 30% to 60% of ascorbic acid content.
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