Why PLM Is the
Missing Ingredient For Food and Beverage
The good news for food and beverage manufacturers is that demand for new products is booming. In fact, according to research from Statista, retailers sold almost $83 billion in one month alone. Sales have held steady at more than $50 billion a month since 2017, and the annual average is only climbing.
The bad news is that in order to keep up with that massive
sales volume, manufacturers have to constantly innovate
and develop new flavors, new packaging, and even entirely
new categories. Every iteration increases complexity, not just in terms of ingredients, but in terms of shipping logistics, marketing, product display, and even supply chain visibility.
This is an exciting time for the industry, but it can also be exhausting trying to keep up with the demand for fresh ideas while still remaining profitable. Fortunately, companies like Revalize have been cooking up their own innovations to help.