"The food and beverage sector spent nearly on AI in 2024 as brands seek automation and efficiency in navigating supply chain challenges, meeting safety requirements, and keeping up with the world's growing demand for food. By 2030, annual spending on AI in the sector is projected to reach more than $85 billion, according to San Francisco-based Grand View Research. Clearly, brands have embraced the technology."
"Ambitions are growing, and executives are wondering, "How can I grow my top line at the same time as driving efficiencies to the bottom line?" Increasingly, AI is more focused on automation, not just for physical processes like sorting and packing, but also when it comes to data, planning, and strategy. At the same time, brands are embracing AI systems that are more granular, taking into account every package or product, and are using AI systems to connect operations and strategy across departments."
Investment in AI within the food and beverage sector surged in 2024 and is projected to exceed $85 billion annually by 2030. Brands prioritize AI to automate operations, improve supply chain resilience, meet safety requirements, and scale to growing global food demand. Executives seek simultaneous top-line growth and bottom-line efficiencies by applying AI to physical tasks, data processing, planning, and strategy. Companies adopt granular AI that tracks individual packages and products and connects operations with strategy across departments. Increasingly, firms implement chained AI agents and APIs to automate handoffs, shorten update cycles, and adapt logistics plans more quickly than manual workflows allow.
Read at Food & Beverage Magazine
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