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The Food & Beverages Industry is seeing tremendous growth, with a surge in the demand for food products as well as an exponential increase in the consumer pool. However, on the other hand, the industry is also challenged with changing consumer preferences and demand patterns meaning shorter product lifecycles, increase in the demand for variety and innovation, increased accessibility, low profit margins, need for batch traceability and stringent regulatory standards.
Companies are thus looking for a solution that focuses on delivering visibility and control across the industry value chain, driving efficiency in procuring, producing, managing stock and selling and distribution across the supply chain, while ensuring compliance with regulatory requirements, while optimizing pricing and waste management – all through real-time insights into the businesses entire value chain.