fbtechreview.comJUNE - 20236EDITORIALEDITORIAL STAFFAva GarciaDavies MedowsJohnson HellerJoshua Parkersales@fbtechreview.comeditor@fbtechreview.commarketing@fbtechreview.comEmailVISUALIZERSOlivia SmithRonald DonovanDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsMANAGING EDITORKevin LoboHarnessing the Power of Technology in the Beverage IndustryRobotics and smart factories are driving the beverage industry into the digital age. Beverage companies are adopting innovative technologies at an unprecedented rate as customer demand and supply chain pressures expose the current system's shortcomings. AI, IoT, big data, sophisticated analytics, and robotics are helping beverage and food manufacturers reap the rewards of the 4th industrial revolution. These technologies boost beverage production productivity across the board, from sourcing and manufacturing to product distribution and sales. A significant boon for the beverages industry supply chain has emerged from AI's ability to process data and make actionable decisions. Data analytics plays a crucial role in improving insights throughout the beverage supply chain. By using resource planning software, organizations can compile real-time data and identify the most effective ways to optimize beverage production. Another trend that meets rapidly changing client expectations is eCommerce. It enables beverage companies to reach consumers more efficiently and affordably.The global beverage market is predicted to grow at a compound annual growth rate of 2.53 percent, from $1,561.084 billion in 2019 to $1,859.278 billion by 2026. The market is expected to grow reasonably during the forecast duration, owing to rising per capita global consumption of beverages in major developing regions, increasing disposable income, and changing consumer preferences toward ready-to-drink beverages. Rising per capita alcohol consumption and consumer preferences for premium products will further fuel market expansion.This edition of Food and Beverages Tech Review highlights the key developments in the space and how beverage firms are capitalizing on them. We have curated thought leadership articles from industry experts, including Rick Stanbridge, Executive Vice President and Chief Information Officer of Marco's Pizza & Kshitij Godbole, Vice President of Quality & Regulatory Affairs at Suntory Beverage & Food Asia Pacific.We also took a deep dive into market trends to narrow down the list of top-notch beverage firms. Equipped with innovative technological capabilities, beverage firms such as Semi-Bulk Systems help transform beverage tech at the cloverleaf of various disruptive technologies.We hope this edition of Food and Beverages Tech Review on beverage tech firms will help you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!Food & Beverage Technology Review Visit www.fbtechreview.comCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.JUNE - 20 - 2023, Vol - 06, Issue - 08 (ISSN 2691-4077)Published by ValleyMedia, Inc. TO SUBSCRIBE TOKevin LoboManaging Editoreditor@fbtechreview.comVian Isaac
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