It takes the cake
The icing on top of “the rising costs and economic uncertainty” cake, is a small labor pool making efficiency challenging and the margin for error large. When one person is trying to do the job of two or more people, it is difficult to manage manual processes in order to prevent and control the updates to all data points required in Excel. You simply can’t do it all manually and expect to remain accurate and as such, profitable. Even if you could do it all in Excel, this only provides a “one-dimensional” view and we can certainly all agree that your business is dynamic, complex and multi-dimensional.
In addition to accuracy, efficiency is equally important. According to Food Manufacturing, “As food manufacturers attempt to scale amidst economic uncertainty, efficiency is more vital than ever. The margin for error has shrunk significantly with rising processing costs, supply chain disruptions, and labor shortages continuing to disrupt the food and beverage (F&B) industry.”
Let’s take this a step further and answer this question, if you continue to rely on manual processes, will you have the agility and visibility you need to stay competitive and to take advantage of a growing industry?
Revenue in the food market amounts to US$1,011.00B in 2024. The market is expected to grow annually by 3.81% (CAGR 2024-2028).
- Statista
Leaders must be prepared to supplement an expanding skills shortage.
– Food Manufacturing