Food & Beverage 2024 Trends & Outlook

Despite ongoing challenges, the food and beverage industry holds a resilient spirit and a growth mindset for 2024. Aptean’s research explores key trends and insights, empowering you to make informed decisions for your business.

Top Trends Shaping the Future:

• Growth Mindset: While market conditions are tough, 79% of surveyed companies expect revenue growth and are proactively adapting.
• Automation is Critical: 90% are undergoing digital transformation, with automation driving 1.3% higher revenue growth.
• Cloud Adoption on the Rise: Cloud ERP users experienced higher revenue growth in 2021-22, and cloud migration plans are increasing.
• Data-Driven Insights: BI tools deliver 66% higher revenue growth, and AI adoption is rising for demand prediction and personalized offerings.
• Supply Chain Resilience is Key: Adding new vendors and optimizing internal processes are top priorities to address disruptions.
• Sustainability as a Business Driver: 84% are investing in sustainability, with economic benefits like cost reduction and market share growth.
• Future-Proofing the Workforce: Upskilling, restructuring and automation are strategies to combat labor shortages and attract talent.

Aptean’s industry-leading solution connects your departments, automates processes and streamlines operations. Manage your supply chain, boost efficiency and meet quality control requirements with features like:

• Multi-dimensional product variation management
• Variable weight tolerances
• Advanced quality control
• Forward and backward ingredient traceability

Build your food and beverage technology stack for 2024 and beyond. Download the whitepaper to discover how Aptean’s software can help you thrive in a changing market.

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