Tag: food and beverage industry

attribution modeling

Supply Chain Analytics Helped a Distilled Spirits Manufacturing Major to Improve Their Demand Forecasting Efficiency

Client: A distilled spirits manufacturer, Size: $1.5 billion in revenue, Area of engagement: Supply chain analytics

Distilled spirits refer to an alcoholic beverage manufactured by distilling the mixture produced from alcoholic fermentation. The distillation process is majorly applied to increase the alcohol content by reducing the diluting components such as water. Major factors propelling the growth of this market include steadily growing adult and young demographic worldwide and increasing demand for alcoholic beverages among consumers. Additionally, the advanced distribution channel including outlets in airports, online sales, and separate counters for females is another factor, propelling the demand for alcoholic beverages, thereby, conferring a boost to the global distilled spirits market. QZ- Request free proposalFurthermore, new product development and the innovation plays an important role in the distilled spirits market as the demand for these products largely depends on changing preferences and tastes.

The Business Challenge

The client, a major in distilled spirits manufacturing with business units spread across the globe, wanted to develop an effective solution model to enhance end-to-end supply chain visibility to achieve high customer satisfaction during order fulfillment. Additionally, the client also wanted to develop a solution for end-to-end supply chain visibility and identify the areas of optimization to ensure greater product delivery.

Want to learn more about how our supply chain analytics solutions help food and beverage industry players?

QZ- request a demo


The Solution and the Business Impact

The distilled spirits manufacturer was able to overcome challenges that were affecting on-time and in-full delivery failure with the help of Quantzig’s supply chain analytics. The client also identified key factors to ensure that the on-time and in-full delivery was greater than before. Moreover, a multi-source data integration facilitated an end to end visibility on supply journey of each product right from manufacturing to order delivery.

Supply Chain Analytics Solution Insights

Quantzig’s supply chain analytics help firms in the food and beverage industry space to re-strategize their sourcing locations by analyzing the impact of supplier location and transit times on the design-to-market time of a product. Companies can also improve demand forecasting efficiency post automation of the sales-order process with the help of these solutions.


Our analysis of the global food and beverage industry shows that distilled spirits manufacturers are facing challenges in terms of:

  • Altering consumer preferences: Today, consumers have become more informed and can gain access to a wide array of information in terms of the ingredients used in the final product offerings. Therefore, the altering preferences of the customers are compelling business providers to offer products that are in sync with the needs of the customers.
  • High competition: The distilled spirits manufacturing industry is facing a growing competition with many companies offering innovative products. With the growing threat in the number of new entrants, establishments are facing the need to improve their production efficiency while promising the right quantity and quality at the right time.

To know more about how our supply chain analytics solution helped a leading distilled spirits manufacturer

QZ- Get free info


Food and beverage analytics

How Can Food and Beverage Analytics Help Companies Improve Supply Chain Operations?

For companies in the food and beverage industry, it is challenging to reduce supply chain costs and deal with changing customer preferences and demand. Also, with the introduction of a new food products every other day in the food and beverage market, it is difficult to manage customer demands in real-time. This is where food and beverage analytics can help companies to step up their game and stay ahead of competitors. Food and beverage analytics can help companies to optimize their supply chain operations and take more control of their quality parameters.

Advanced data analytics in the food and beverage industry helps to analyze and understand key factors that impact the quality and taste of food products. By gaining this insight in real-time, companies can make adjustments in their manufacturing processes to maintain consistent quality output. Also, food and beverage analytics can be used to evaluate the impact of factors such as storage and transportation on the quality of packaged food and beverages. In this article, our analytics experts have highlighted a few significant benefits of food and beverage analytics that can help companies in the food and beverage industry to operate a demand-driven supply chain and improve supply chain operations.

Reducing inventory while fulfilling growing customer demand can be difficult for food and beverage companies. Our experts can help. Get in touch with them right away.

FOOD AND BEVERAGE ANALYTICSBenefits of Food and Beverage Analytics

Benefit #1: Track assets at every stage of the supply chain

Advanced data analytics aggregates data to create a bulletproof distribution ledger. This helps businesses to track assets at every stage of the supply chain and increase transparency and cost savings in the food and beverage supply chain. Also, this can help in keeping valued consumers informed about precisely where their food and beverage comes from. Furthermore, this can help businesses to ensure a greater level of accountability from their suppliers.

Our food and beverage analytics solutions can help companies in critical decision-making in the areas of pricing, product promotion, and demand forecasting. Request a FREE proposal to gain in-depth insights.

Benefit #2: Predict future demand accurately

Food and beverage industry is characterized by narrow margins caused by insufficient stocks or improper inventory management. Companies can leverage food and beverage analytics to predict future demand and manage stock accordingly. Advanced data analytics not only helps companies to avoid overstocking but also helps in minimizing the risk of understocking and not being able to meet consumer demands. Food and beverage analytics can guide businesses in understanding which products to keep in stock in real-time saving time and money.

Quantzig’s food and beverage analytics solutions are aimed at deploying real-time analytics solutions to improve visibility and coordination throughout the supply chain. Request a FREE demo below to know more.

Benefit #3: Improve safety and quality across the food value chain

Food and beverage analytics can be leveraged by companies to improve safety and quality across the food value chain. Also, it can help companies to manage defective or expired products that can further make the supply chain more efficient. Additionally, by using analytics businesses can adopt a holistic approach to inventory optimization by considering all levels and locations of inventory in the end-to-end supply chain simultaneously.

To learn more about the benefits of food and beverage analytics, request for more information now!

What are the major challenges that food and beverage industry players are poised to face in 2020? Read this article to know:

4 Major Challenges That Food and Beverage Industry Should be Prepared for in 2020

food and beverage industry

4 Major Challenges That Food and Beverage Industry Should be Prepared for in 2020

Food and beverage industry has undergone a series of changes in the last decade due to the rapidly changing behaviors of consumers, technological advancements and stringent regulations. Such factors have plagued the food and beverage industry with a series of obstacles. Being a consumer-driven industry, this industry is facing serious challenges with the change in the perspective of the consumers as they have become more focused on maintaining healthy lifestyles. Today food products are judged based on not only the quality but also the nutritional value. As a result, food and beverage manufacturers need to bring about significant changes in their existing manufacturing process. In this article, our food and beverage industry experts have highlighted some of the major challenges that companies in the food and beverage industry are going to face in 2020.

Wonder how our customized analytics solutions can help you deal with the challenges in the sector? Request for more information below.

FOOD INDUSTRY CHALLENGES

Challenges in Food and Beverage Industry

Enforcement of the plastic ban

Food and beverage companies and manufacturers are now striving toward making the food manufacturing process highly conducive to the environment by adopting numerous recycling practices. In 2020, the need for deploying green business practices right from the production to the packaging and supply chain management will become very important to tackle the current issues in the food and beverage industry.

Check out our latest success story to find out how our marketing mix modeling helped a food and beverage industry player in driving profitable growth

Driving Profitable Growth in the Food and Beverage Sector with Marketing Mix Modeling – A Case Study by Quantzig

Stringency in the regulatory landscape

Most of the food and beverage companies adhere to the regulatory norms perfunctorily. But the consistent changes with respect to surplus production, waste disposal, quality of food, raw material, and documentation are emerging out to be major hurdles for food and beverage manufacturers. To deal with such challenges, companies in the food and beverage industry need to improve their business operations right from the manufacturing to the distribution processes.

Are you facing difficulties in dealing with increasing competition and thin margins in the food and beverage industry? We can help. Get in touch with our experts right away.

The pervasive presence of ecommerce

Another major challenge that the food and beverage industry is going to face in 2020 is the challenge of improving online visibility. Today consumers have become more tech-savvy and digitally informed and this has raised their expectations. Unlike ecommerce companies, food and beverage companies are still lagging when it comes to analyzing their online presence. With the emergence of the newer market, changing nature of consumer spending, and advancing technology, it is high time for companies in the food and beverage industry to focus on marketing products online. This can also help them serve their customers better and stay ahead in the competition.

Quantzig’s analytics solutions aim at deploying real-time analytics solutions for improved visibility and coordination throughout the supply chain. Request a FREE proposal to know more about our portfolio of advanced analytics solutions.

Rise of veganism

With the increasing number of consumers turning vegan, the demand for meat and other products has witnessed a significant decline. This has posed a serious challenge on the food and beverage industry. Food and beverage manufacturers today need to maintain their reputation with regards to ethical treatment of animal concern. As a result, companies have come up with meat-free alternatives to keep the retail and supply chains running.

Our analytics solutions help companies in category planning and enhancing decision-making specific to product mix and in-store space allocation. Request a FREE demo to gain better insights.

CUSTOMER JOURNEY ANALYTICS

3 Different Ways Artificial Intelligence and Machine Learning is Transforming the Food and Beverage Industry

With massive transformations in global markets, AI and machine learning have become important assets for companies since they have the power to transform the way companies in the food and beverage industry deliver customer experiences. These technologies offer huge opportunities to companies to revolutionize critical aspects of their business processes. In the food and beverage industry, producers, retailers, and restaurants are rapidly changing their business strategies to incorporate innovative technologies to meet consumer demands, stay ahead of the competition, and provide an enhanced experience. Through the implementation of AI and machine learning technologies, retailers in the food and beverage industry can transform business processes and directly enhance the customer journey. In this article, we have summed up some of the interesting benefits of AI and machine learning that retailers in the food and beverage industry can leverage to improve customer engagement as well as ROI.

(more…)

data and analytics

Food Retail Client Leverages Quantzig’s Channel Optimization Solution to Offer Seamless Retailing Experience to The Customers

What the Client Wanted

Garner information on customer behavior patterns and nurture the most profitable customers

The Outcome

Enhanced retailing experience for the customers

Summary of the Food Retail Industry

Typically, food retail establishments include outlets that serve food outside the home such as restaurants, cafes, takeaways, and catering and vending companies. The food retail industry is one of the largest industries in the US and firms in this space are formulating robust channel optimization strategies to expand their consumer base and increase their foothold in the global food and beverage industry. Request ProposalThe ever-evolving customer demands, rapid urbanization, favorable demographics, increase in disposable income, changing lifestyles, and food habits are driving the growth of this industry.

Industry Challenges

Impact of digitization: Establishments in the food retail space are looking out of for promising ways to increase customer engagement and develop new revenue streams due to the growth of numerous e-retail platforms. Moreover, the fluctuating preferences of customers are compelling food retail firms to offer convenience in their offerings. 

Stringent government regulations: Lately, establishments across the globe are facing pressures to devise quality measures and provide safe food services to customers, as customers of today have become conscious about their health outcomes. Additionally, government bodies across the globe have also made it a mandate to ensure safety in the food product and service offering owing to the increasing instances of food allergies and infections.


About the Client

The client is a leading food retail giant based out of the US.

Client’s Challenge

The company was facing predicaments designing collaborative channels and promoting multi-channel engagements. As a result, they wanted to identify the channel usage pattern and formulate robust channel optimization strategies to maintain optimal performance at all customer touchpoints. The client wanted to further understand the latest retail industry trends further and anticipate the future customer behavior.


Summary of our channel optimization engagement
Want to learn more about our analytics solutions for the food and beverage industry?

Request Solution Demo


Business Impact

With the help of Quantzig’s channel optimization solution, the food retail client made use of social media platforms to reach out to the customers and offered enhanced, effective, and seamless retailing experience to the customers.  The food retail client gained a better understanding of diverse customer segments and identified opportunities to enhance workforce interaction. This further helped them reduce wait times and cater to the requirements of the customers more efficiently.

Channel Optimization Solution Insights

Quantzig’s channel optimization solutions help firms in the food and beverage industry space to effectively keep track of the customers in terms of their predisposition, channel usage, and behavior. Additionally, firms can gain insights into ways to offer optimal customer service experiences.


To know more about how our channel optimization engagement helped the food retail gain insights into the latest retail industry trends

Request Solution Demo


Related Posts:

Analyzing the Impact of Trade Promotions for a Leading Dried Herbs and Spices Manufacturer

What the Client Wanted

Analyze and understand the impact of trade promotions and marketing campaigns on the overall business growth.

The Outcome

Helped the client improve their bottom line by enhancing the effectiveness of their trade promotions.

Summary of the Dried Herbs and Spices Industry

Dried herbs and spices are the most common form of seasoning used by companies operating in the food and beverage industry. Though the demand for herbs and spices is particularly high in regions such as Spain and Poland, they are gradually gaining popularity among the global consumers owing to their longevity and ease of storage.

The industry also faces challenges in the form of multiple external factors. One such challenge is that they are susceptible to substitution with artificial flavors. Substitution turns out to be the only real threat in the food and beverage industry. However, the threat of permanent or temporary substitution is particularly relevant for expensive herbs and spices that face a supply shortage, such as vanilla. To overcome such challenges, leading players in the food and beverage industry haveRequest Proposal developed sophisticated systems to meet the requirements of food legislation, customer demands, and market needs.

Industry Challenges

  • Ensuring sustainability of products: Identifying key strategies to maintain quality and enhance sustainability is a major challenge for players in the dried herbs and spices segments. However, implementing state-of-the-art R&D systems that are well-equipped to identify key characteristics of dried herbs and spices helps differentiate the product offerings.
  • Growing competition: The competitiveness of the herbs and spices industry value chains are constantly being impeded by limited supplies, high cost, and less potential for value addition. Also, the widening gap between supplies and the management capacities to deliver it to customers posses a major threat to competitiveness.

About the Client

A leading food and beverage industry firm specializing in the manufacturing and supply of dried herbs and spices.

Client’s Challenge

To identify and utilize resources that would help them optimize trade spending dollars, a leading dried herbs and spices manufacturer, approached Quantzig to leverage trade promotions optimization. The client wanted to devise an end-to-end collaborated trade planning process by implementing suitable tools. Furthermore, with the help of trade promotions optimization solution, the herbs and spices manufacturer wanted to generate an estimate of future returns on promotional investments based on diverse promotional mix scenarios.


Summary of our trade promotions optimization engagement

Herbs and Spices

Want to learn more about our analytics solution?

Request Solution Demo


Business Impact

With the help of Quantzig’s trade promotions optimization solution, the herbs and spices manufacturer performed an ROI analysis of promotional events, which helped them change their organizational design and implement enhanced trade programs. Additionally, the team seamlessly integrated data across several marketing channels, which offered advanced capabilities that helped the client enhance their decision making to improve trade spending efficiency.

Trade Promotions Solution Insights

Quantzig’s trade promotion optimization solutions help herbs and spices manufacturers to build strong foundational functions for trade promotions management. It also enables organizations to incorporate more sophisticated analytics that will help them drive cross-functional performance and enhance spend effectiveness. It also helps consolidate data from several sources to gain an in-depth understanding of the customers; thereby, facilitating the development of better strategies.


To know more about how our trade promotions solution helped the food and beverage industry client

Request Solution Demo


Related Posts:

HR analytics solutions

Quantzig’s Inventory Optimization Helps a Wholesale Food Distributor to Increase Profit Margins By 35%

What the Client Wanted

Efficiently track inventory levels with improved visibility into the incoming and outbound deliveries.

The Outcome

Simplified the end-to-end tracking of the products from order to delivery.

Summary of the Wholesale Food Distribution Industry

The global wholesale food distribution industry comprises of over 35,000 establishments that aim at distributing food and related products on a wholesale basis. The industry is witnessing promising growth, characterized by the rising global population and the growing demand for food due to the rising disposable income. Request ProposalThe growth of the wholesale food distribution space can also be attributed to the four I-engines; including internationalization, integration, innovation, and implication.

Industry Challenges

Increasing labor and transportation costs: The recent economic slowdown has greatly affected the transportation and labor space in terms of the fluctuations in fuel prices. As a result, organizations in the wholesale food distribution space are facing relentless pressures to cope with increasing labor charges while maintaining consistency in the products being offered. Besides, organizations should also ensure the need to maintain compliance requirements with the utmost quality in the products. 

Increasing demand for organic products: In the wholesale food distribution space, the food products are sold in a wholesale basis, but when it comes to the organic products, the shelf life of the products is affected. With the increasing demand for organic products, it becomes crucial for organizations to maintain better packaging techniques to retain the shelf life of the organic products.


About the Client

The client is a leading wholesale food distributor based out of India with over 100 business bases spread over 15 countries.

Client’s Challenge

The client was facing challenges in maximizing the ROI as the distribution and retail markets are volatile. Additionally, over 35% of their inventory was stuck in non-performing stock keeping units, which contributed to less than 5% of their overall sales. As a result, the client wanted to devise effective strategies that would help them handle and better manage their inventory levels.


Summary of our inventory optimization engagement
Want to learn more about our analytics solutions for the food and beverage industry?

Request Solution Demo


Business Impact

The inventory optimization solutions offered by Quantzig helped the wholesale food distributor to augment their inventory by supporting them in identifying and decommissioning the non-productive stock. The inventory optimization experts also helped the client develop business cases including the estimated savings associated with each opportunity. Additionally, implementing SKU rationalization techniques for inventory management helped the client increase their profit margins by 35%.

Inventory Optimization Solution Insights

Today, it is essential for wholesale food distributors to identify and devise effective strategies that help re-deploy unbalanced inventories. Adopting Quantzig’s inventory optimization solution brings about improvements in cost efficiency by maximizing profit margins. Inventory optimization coupled with predictive analytics capabilities can better manage logistics to gain in-depth insights into the supply chain network.


To know more about how our inventory optimization engagement helped the wholesale food distributor to gain insights into the latest food and beverage industry trends

Request Solution Demo


Related Posts:

Close
Quantzig Logo

Hello there!

Are you interested in Quantzig’s analytics solutions?

Contact us by submitting your details below and we will get in touch with you.

Cookie Policy

The Site uses cookies to record users' preferences in relation to the functionality of accessibility. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice