[VIDEO] Business intelligence for food and beverage

The food and beverage industry key metrics

From the apple orchard to the check-out, business intelligence (BI) uncovers opportunities and risks hidden in your product lifecycle and company performance.

How can wholesale food businesses increase sales?

The wholesale food industry is faced with many new challenges as a result of the pandemic, most notably a decline in demand for goods as hotels, restaurants, schools and sporting venues operate at a lower capacity. As countries continue to battle the virus, consumer spending on food has not returned to prior-year levels as restaurants open, then close and partially open again. Some distributors have evolved their business models to supply retail grocers and many have turned to their data to examine every product line and determine whether it's profitable.

Data analytics industry trends

Having the appropriate data analytics solution is vital to strategic decision making. However, one-size-fits-all solutions don’t always address a company’s specific needs. Cloud technology has facilitated the rise of vertical SaaS data analytics and more bespoke, industry-specific solutions.

How to increase margins in your food distribution company

The changing demand for organic, fair-trade or locally sourced products, as well as changing food industry regulations, are putting a strain on food and beverage distribution companies. Coupled with the perishable nature of many products and the power of major grocery chains, increasing margins can be a challenge. Data analytics is proving to be a powerful way for food and beverage companies to predict changes in demand and respond accordingly.