One of the largest industries in the global economy, food and beverage production has seen constant changes in an ever-changing world. With these changes comes a constant challenge of handling the supply chain: in particular, the ability to track products throughout the process. This visibility can help companies within this industry collect asset data and work towards solutions towards less waste and more profitability.
Artificial intelligence (AI) is a newer technology that can help transform the food and beverage industry. Amidst some of the different ideas it has presented, such as developing new food products or creating new personal marketing campaigns, AI is being discussed as a solution for supply chain visibility within food and beverage production.
Let’s first take a closer look into what problems are presented when it comes to food and beverage visibility within the supply chain.
Visibility challenges in the food and beverage industry can be incredibly difficult to navigate. Companies operating in this space have to deal with a wide range of issues that can make it difficult to maintain visibility and stay above the competition. As a result, these three problems arise for food and beverage companies:
Tracking and Managing Inventory – One of the biggest challenges in maintaining visibility in the food and beverage industry is supply chain management. With so many different suppliers, distributors, and retailers involved in the process, it can be difficult to keep track of where products are coming from and where they are going, all while meeting high consumer demands. This can be especially challenging in cases where certain ingredients or products are sourced from different countries or regions.
Rules and Regulations – Updated rules and regulations are also a major challenge for food and beverage companies. This includes everything from food safety to labeling requirements. It can be difficult to stay compliant and avoid penalties as a result. This is, in particular, true in cases where companies operate in multiple jurisdictions, as there are often different regulations and standards that need to be followed depending on where products are being sold.
New Technology – New technology, for which AI would be included, is also playing an increasingly important role in the food and beverage industry. These new emerging technologies also bring the need for companies to be able to adapt quickly to stay competitive. This can present harder challenges in cases where companies are dealing with legacy systems or outdated technology that can be difficult to replace. Training employees to handle new technology can also create problems with pre-existing workflows and cause downtime or costly mistakes.
The benefits of AI technology in food and beverage production are numerous and can ultimately lead to better solutions across the board. These include increased efficiency, reduced costs, improved accuracy, enhanced product quality, and increased safety. Here are five of the most important benefits of using AI when it comes to a company’s supply chain visibility:
Confidence is continuing to slowly rise in AI as it becomes a solution in the food and beverage industry. Creating solutions custom fit for each business is just one of the many things we do here at Heartland. What problems are you looking to solve for your team? Let’s learn together and start the conversation today.