Food & Beverage (F&B) industries have gradually embraced new technology due to the unfortunate COVID-19 pandemic. Simultaneously, people have been forced to cook their own meals at home or order food delivery services online, following a series of social distancing measures. However, this is a good thing because it allows F&B businesses to produce a quality product in a short time, which is beneficial for both suppliers and consumers.
Create new revenue streams
While economies struggle to maintain stability, governments focus on keeping their community safe. That is why many business owners are attempting to recover their financial losses in different ways. In order to attract more customers, some of them tend to raise or lower product prices. Hence, fixed revenue stream helps the survival of your business during the COVID-19 pandemic. You must also have a better understanding of your potential consumers’ background to satisfy them with the products and services that you offer. Find the most suitable marketing strategies for your company, and slowly increase your revenue over time.
Demand for traceability
Traceability guarantees the value of the product you sell. Just imagine how your F&B company would suffer if you were unable to reduce spoilage, contamination, and transmission of disease. This will undoubtedly cause damage to your business operations as you failed to meet the standard compliance. Any perishable foods such as fruits, vegetables, meat and others need special handling, especially when it comes to delivering them to consumer markets. Therefore, a traceability system comes in handy for record-keeping and product recalls whenever necessary. Batch traceability is the best way to do this. Through this – you get to keep track of your stocks in batches with batch availability, batch expiry, batch sales report; as well as trace batches back to their supplier in just one click.
Brought convenience to a new level
It is no longer surprising that today’s consumers have become obsessed with convenience. New technology not only improves customer convenience but also has a positive impact after the COVID-19 pandemic sweeping the globe. In addition, cashless restaurants are becoming more popular as many customers prefer faster payment processes. mCollect POS is one of these – as it is an app able to receive quick digital payments through PayNow, DuitNow and PromptPay (Singapore, Malaysia and Thailand) which facilitates easier transactions and real-time notifications. Since it introduced higher levels of transparency, these customers can pay using their preferred payment methods.
How automation benefits F&B industry
Automating your inventory management allows you to gain visibility of your supply chains better, by improving your quality control. You no longer have to worry about spending more time and money on a tedious task that you’ve been manually doing this whole time. It is the best solution if you’re looking for a better communication platform among your employees, with a clearer workflow. Automation enables you to collect data insights that can be used to improve your business’s maintenance. By investing in automation, you will be much more adaptable to changing production needs and compliances at any time.
Sustainable food and beverage packaging
Today’s society is willing to accept sustainable alternatives. The question of “why not go green by investing in compostable food packaging?” is a hot topic these days. It could be any recyclable, compostable, biodegradable, or other eco-friendly food packaging that reduces the use of plastic waste. This type of action benefits not only the environment, but also customers and businesses. With the recent increase in takeout food demand, businesses should consider using sustainable packaging. It reduces the harmful impact to the environment and is also necessary for food safety and flavor.
“Tech to Table” why the cloud matters
In today’s digital age, cloud computing has helped many businesses to operate their daily operations. The software has proven to maximize productivity, as it eliminates all the manual efforts. It also makes it much easier to perform end-to-end supply chain operations, from supplier to customer delivery. You can seamlessly automate business operations like document processing and approval, batch product tracking, and building strong customer relationships through CRM systems in a short time. Although your employees may take some time to adjust to the new system, these fundamental changes may help your company meet its long-term goals and ensure business continuity.
Dealing with supply chain disruption
After the COVID-19 pandemic hit the entire world, many F&B business owners faced a stressful event in their food supply chain. They need to spend more money to make up for previous losses from product waste, labour energy, transportation, and logistics. Now that many countries are slowly returning to normal, businesses must think of a way to evaluate new strategies. The fluctuating level of demand and supply disruptions are the real game-changers. You can increase your work efficiency while lowering your costs by incorporating similar business software. Businesses can use a BMP system to better manage supply chains and respond quickly to potential disruptions in the future.
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