The outbreak of the deadly coronavirus has resulted in a groundbreaking change, which is now perceived as the ‘new normal’. The economic growth of many countries has been adversely affected, as many businesses are afloat amid the worsened situations. However, the food & beverage industry has taken the worst hits among the many sectors that have witnessed a great downfall.
Looking forward to the future, the Food and beverage industry vendors will definitely need to prepare themselves. This is to keep them surviving in the long-term impact of COVID-19, which is a major challenge for them. Let’s get a brief outlook on the main challenges that every Entrepreneur of this F&B industry faces during the pandemic.
No more plastics
The ‘plastic ban’ has now come to fruition after several years of discussions across the globe. The persistent growth pace of rapid industrialization is a new challenge. And, the Food & Beverages sector tends to have a very disastrous environmental impact. This has also led to an imbalance in eco-friendliness. The improper disposal and excess consumption of plastic is the reason.
Health concerns
The disorders that are specific to food have brought a vital change in peoples’ lifestyles, resulting in becoming more health-conscious than ever. It is noticeable that customers are purchasing foods without any added preservatives etc. The products not falling under the ‘healthy’ label are reduced and eliminated. This instant realization in the past few years, has led consumers to shy away from many products.
Product traceability
Traceability is one of the primary challenges in the Food and Beverage industry, not just focusing on record management but also on generating major revenues for every sector. Consumers have a high interest in knowing what’s the bill of material in their food, which has obviously led to ‘ingredient labeling’. This is definitely a major part of the packaging process. Since the last decade, transparency and traceability have evolved as one of the latest trends, as well as a challenge.
Veganism concept
The growing concerns of many consumers vying for vegan and vegetarian products have increased the demand for green dots, the same as for meat products.
Manufacturing F&B products with vouching for animal safety is a major challenge. This is one of the prime challenges for the food and beverage industry, On this wider note, many companies are self-compelled to come up with meat-free products and alternatives to keep their chains running.
Inventory management
Inventory management seems to be one of the current issues because of the limited shelf life of many products. The perishability is a high concern as it is susceptible to many pathogens and germs. To alleviate these issues, manufacturers adopt new software that detects the presence of foodborne pathogens and viruses which may have a serious impact on the brand’s reputation.
eCommerce
Nowadays, customers are more tech-savvy and socially acknowledged about the online presence of many brands and their commercials. Many other industries, like electronics, cosmetics, and various other products have already very well established their online presence in the e-commerce domains and fields.
But relatively, every other F&B sector is showing up and trying to stand out from the crowd with their renowned food delivery app scripts. This is employed in popular apps like UberEats Clone script, Zomato Clone, etc, and other clones like Ubereats clone, Swiggy clone, etc.
Aftermath of COVID-19
The worst effects of COVID-19 have had a major impact on the F&B sector so far. Starting from manufacturing to food delivery firms, the industry has been coping with the deadly pandemic. The global lockdowns are severely impacting the product supply chain.
Bottom Line
The challenges for the food and beverage solopreneurs in their food delivery business are a dime and a dozen. Despite the persistent challenges of the food and beverage industry, it also systematically predicted a healthy gain in the future. It is clear that how the global Food and beverage market will fare in the upcoming years, totally driven by nonrenewable income levels, constant lifestyle changes, and various other government reforms. However, the better mind and the best planning always survive.
