Sponsored articles Specific from Revalize
Starting a new food is exciting, but the chances of success are difficult. According to the survey, “85% of consumer-equipped products cannot survive for more than 12 months.“ Why is this rate so high, and what can companies do to improve their chances of success? Please read to find out.
Why some food launches fail before they start
Market dynamics is one aspect of whether new products are successful, but internal inefficiencies and outdated processes often undermine product launches, including:
- Lack of visibility of the process from the start: If there are no clear oversights, the project can be removed early. Once that happens, it can be difficult to get them back on track.
- Dependency on manual tracking: Using different spreadsheets and emails leads to errors, additional tasks, and misunderstandings that can be easily avoided.
- Undefined Sensual Workflow: Ambiguity in roles and processes disrupt collaboration and postpone decision-making. Decision making can lead to loss of progress, leading to delayed development and increased costs.
- Scattered data: Important information, including food safety regulations and production processes, can spread across disjointed platforms, which can cause delays, inconsistencies and inconsistencies across the roadmap.
How to set up the following products for success
Use something like a product lifecycle management (PLM) solution Specificespecially built for the food and beverage industry, making it a game changer for companies launching new products. The benefits of using PLM software include:
- Centralized Data Access: Keeping data in one place reduces the risk of outdated versions and ensures people know where to find information. Participants of Smart Manufacturing 2025 Report, using the PLM solution, commissioned by Revalize Software, reported improvements in data management (37%).
- Standardized Process: Established steps at each development stage allow products to be brought to market faster, streamlined operations and enable better decisions.
- Increased inter-departmental collaboration: For communication between teams, it’s easy to ensure that everyone is in line with their goals and recognize the latest updates in PLM solutions. Report 35% of respondents found that using PLM software improved collaboration.
- Regulatory Compliance: Food safety regulations are complex and can change over time, but products must stick to them. PLM software helps keep you up to date with global regulatory compliance. Manage complex recipes, nutritional data and allergen information. Digitally track products and their materials.
Summary: Are you blocking your success?
Internal inefficiencies and fragmented systems are often the perpetrators behind the launch of failed products. Proactively address these challenges through modern tools such as structured processes and PLM systems to streamline speeds and bring them to the market.
Next product launch can This is a part of about 15% of successful success. By actively improving internal practices and using PLM solutions, you can pave the way for successful product introductions and ensure that good ideas are not wasted.
Download the Smart Manufacturing 2025 report The 500 companies surveyed will learn more about how PLM solutions can help address challenges and the top three use cases for PLM software in the US and Germany.
