As one of the highly dynamic and fastest evolving sectors, the food and beverage industry emerges as a big beneficiary of IoT technology. This futuristic technology can create real value for the business associated with the distribution and delivery of iot in food processing industry.
As per the ReportLinker prediction, the combination of IoT and the F&B manufacturing market could reach $8.43 billion by 2025 with a CAGR of 9.5%. There is no exaggeration in mentioning that IoT is a driving force for the food and beverage industry. IoT in the food processing industry aims at achieving high standards of food safety, reducing wastage, and improving the traceability of various items.
Every food & beverage company has a common goal to deliver high-quality food to its consumers. But then, the quality of food items depends on multiple factors including storage. You need to maintain the necessary levels of temperature and humidity of food items. This is particularly necessary in the case of perishable foods like meat and dairy products. Here, Industrial IoT in food processing industry (IIoT) lends a helping hand!
IoT in the food processing industry makes it possible to monitor the equipment and processes round the clock. Irrespective of the staff’s presence and closure of warehouses, the F&B companies can easily monitor all the activities to ensure the quality of food and prevent heavy losses due to expired raw material. Let’s dig deep into the major benefits of IoT technology for the food and beverage sector.
Top Ways IoT Technology Benefits the Food and Beverage Sector
1. Assists to follow safety standards
The Food and Drug Administration of the US has introduced a Food Safety Modernization Act (FSMA) in 2011. This act has served as a catalyst for change in the global food industry. On one hand, this act has made the FDA more proactive, and on the other hand, the entire F&B industry focuses more on food safety.
The IoT technology is based on various sensors for measuring different parameters including temperature, humidity, etc. These sensors are also useful in measuring the production state and shipping time. As a result, F&B companies can closely track various data points related to food safety.
2. Brings transparency in supply chain
The global supply chain needs more transparency and traceability than ever. It is simply because tech-savvy customers expect transparency at every stage of the FMCG and F&B sectors. Let’s understand this with an example of IoT in the FMCG sector-
A buyer enters the store and picks a packet of potato wafers. With the help of IoT technology, the buyer can readily track the entire supply chain.
The QR code on the packet enables consumers to scan and learn everything about the product. It can also enable consumers to make informed decisions for purchasing the product. It eventually builds trust among consumers.
Also Read- How IoT Technology in Asset Management Reduces Operational Costs
3. Optimizes operations
Operational efficiency is essential for every industry sector and the F&B sector is no exception! Every company that falls under this sector aims to achieve optimizations, and therefore, it is one of the biggest benefits of IoT in the F&B industry. This technology can increase efficiency by bringing automation, integrating workflows, and connecting various business groups with the system. Promoters can make better decisions by streamlining processes and implement them to ensure growth over the period.
4. Saves efforts and energy
At times, the F&B company faces issues related to energy usage and sudden power outage. It may be because of higher power consumption by older appliances or the need for maintenance. Here, smart devices or connected devices can effectively predict the need for maintenance in advance and show the real-time situation of power consumption from different devices. They can also send alert notifications to the management if any issues occur.
4. Streamlines logistics
Another major benefit of IoT in fmcg industry is it can streamline logistics-related operations. These solutions not only help teams of your company to track inventory but also help the delivery department automate the shipping process. Shippers can easily track the location of the products with the help of GPS. They can get an idea of the estimated time of delivery across different regions with ease.
IoT in the food and beverages industry can streamline the processes and provides real-time information about different departments. The F&B company’s staff and management can make informed decisions based on this information. It also assists the company to increase productivity while ensuring the quality of food over the period. In a nutshell, IoT technology brings transformation in the food and beverage industry.
Rejig Digital is a renowned digital transformation solutions provider. We provide IoT-based solutions for remote assistance and remote asset management for various industries including manufacturing, utilities, retail, food & beverages, and the like. Do you want to know more about our robust and reliable solutions? Simply email us at firstname.lastname@example.org and our executives will get back to you soon.