siliconindia | | December 20189Demographic trends combined with growing health awareness, will spur demand for convenient, healthy food products which are already transforming the food & beverage industry in multiple waysthe distributors, (4) the consumers, (5) governments, non-governmental organizations (NGOs), and regula-tors that monitor & regulate the en-tire food value chain from producer to consumer.Collaboration among the various stakeholders along the food value chain is essential. Food safety poli-cies and regulations require the input and collaboration of all stakeholders. Knowledge and data sharing (e.g., food storage best practices, consumer trends, inventory levels) is another area where collaboration among stakeholders can improve efficiency along the value chain. In addition, greater vertical integration within the value chain (e.g., retailer private la-bel programs) means that individual stakeholders are taking on additional roles and responsibilities.Global Food & Beverages Sector: Gap Analysis of Value Chain· Producers: Key issues are man-agement capabilities, brand & risk management, marketing strategy & M&A strategy, financial issues and price volatility. · Processors: Key issues are strategy for going global, regulatory, achieving scale - M&A.· Distributors: Key issues are supply chain strategy - vertical integration, and traceability.· Consumers: Key issues are high prices & price volatility, food secu-rity - availability, food safety - health & wellness.· Regulators: Key issues are food & product safety, land & food availabil-ity and allocation, policy and support. Asia Pacific Food & Beverage IndustryThe Asia Pacific food & beverage in-dustry is expected to achieve a turn-over of over $3.3 trillion. With a pro-jected YOY growth of 11 percent, the industry will outpace the second and third largest regions - Western Europe & North America as per the apfoodon-line report. China, India and Indonesia are leading food & beverage industry producers in Asia with market size of $600 billion, $400 billion and over $50 billion, respectively.Future TrendsDemographic trends combined with growing health awareness, will spur demand for convenient, healthy food products which are already transform-ing the food & beverage industry in multiple ways. It is likely that these interconnected megatrends will force companies to tailor their offerings to consumer demand, rather than the `big brands' leading the industry, with the next generation becoming smarter about the way that they consume food and drink products.Blockchain & New Offline Strategies: Blockchain will securely track the product over time across check-points using ID network generated by IoT.Smart Homes Serve Grocery Shoppers: Amazon applied for patent for a refrigerator that detects spoil-age for automatic re-ordering robots to support delivery. Common sense robotics builds on demand supply chains for one-hour delivery. Amazon to build urban drone delivery hubs. Growth of Food Startup Ecosystem: Startup to compete with established brands for sales and brands will look for relationships with early stage companies. Health Foods: Fresh & organic products are priorities of today's consumers. Food companies have in-troduced more than 30,000 healthier product choices since 2003. Global Grocery Shoppers Move Online: Brands can showcase actual products on e-Commerce sites. Private Labels: Growth of pri-vate labels for retailers and e-Com-merce platform. Walmart's growing emphasis on private labels contracts.Drones & AI: Drones & AI to monitor produce in fields and letting shoppers view produce in real time. Walmart has applied for patents on methods to make online shoppers feel comfortable. Synthetic Lap Grown Meat & Fish Startups: Research Labs is de-veloping ways to grow animal protein cells in the lab for producing chicken in labs. Brands to Host Memorable Experiences: Kellogg's opened a cereal themed restaurants. Rabindra B. Shrestha
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