This industry encompasses the production, processing, packaging, and distribution of food and drink products.
The Food & Beverages industry is essential for ensuring a steady supply of safe, nutritious, and enjoyable products that meet the diverse dietary needs and preferences of consumers worldwide.
Mostly food and beverage industries produce products in the batches. The batches are required from the point of purchase to production and consumption. The inventory evaluation is also based on the batches. Further the batches would be associated with the attributes like the expiry date of the finished products, which requires to be tracked and it is a regulatory requirement.
Quality defect in Food and Beverages industry is of prime importance, any lapses would mean strict compliance penalties leading to license cancellations. AI based quality defects systems are the need of the hour to analyse such contaminations at the manufacturing & packing level and proactively integrate quality results with ERP with on time notifications.
Compliance with food authorities in the food industry is a significant challenge due to the complex and stringent regulatory frameworks. Businesses must adhere to laws like the Food Safety and Standards Act (FSSA). Ensuring compliance involves navigating detailed procedures, maintaining accurate records, and undergoing regular inspections. Non-compliance can lead to penalties, product recalls, or reputational damage.
Around 50% of manufacturing overheads cost comprises of utilities such as Energy, Fuel, Water supply. If left unmonitored may lead to huge costs and losses.
Packaging of foods in Tetra packs or similar packaging material calls for stringent quality checks to improve food quality & safety. It can be challenging to implement systems that track and monitor food quality and safety.
Food waste contributes to the unnecessary use of natural resources, such as water, land, and energy. This puts an additional strain on ecosystems and depletes finite resources. Excessive agricultural practices driven by overproduction to meet the demand for food contribute to habitat destruction, deforestation, and loss of biodiversity. Monitoring such losses is of prime importance for reducing costs and protecting the environment.