In food companies, products change quickly, as well as the number of competitors in the market. Innovation is important to develop and manage a coherent product portfolio that meets the ever changing consumers’ trends!
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All posts by Damien Andrieu
The cost of raw materials remains the top overall concern for food industries and manufacturers. Regarding extreme price volatility of raw materials it becomes a real challenge for food companies to remain competitive and assure sustainable margins. Crops, dairy products, oils, chemicals have high influence on companies' bottom line results.
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The Consumer Goods Forum (CGF) – a network of 400 members across 70 countries – has urged food companies to simplify food date labels by 2020 in an effort to reduce consumers’ confusion related to “used/sell by” dates, and to prevent food waste.
But How and why simplifying food date labels?
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The language as well and governmental barriers of each country has made it difficult to internationalise products. In the past years, however, there has been a large worldwide mobilisation to improve labeling for consumers. Download Lascom’s White Paper here, to learn how to internationalise with ease.
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ERP systems enable organizations to plan for orders and profitability by providing manufacturers with a real-time picture of their financial status. With an ERP system in place, companies can track orders from receipt through production and delivery in order to gain a better understanding of inventory levels, delivery lead times and production bottlenecks.
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Let’s take the example of the French industrial specializing in desserts grouped under the name “Yoghurt”. In this industry, there are many ingredients for a product, and there is, therefore, a lot of information necessary for R&D to be calculated such as for example nutritional value and the cost which is why a PLM solution is essential to keep everything clear and on track.
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Safety Data Sheets (SDS), also known as Material Safety Data Sheets (MSDS), contain information on potential health hazards associated with exposure to chemicals or other substances that are Potentially hazardous.
The Safety Data Sheet specifies the composition of a chemical (substance or mixture), identifies hazards, recommends preventive measures (collective and individual) and first aid. In other words, it is a crucial piece of documentation for the health and well-being of consumers.
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Food safety is one of the most significant issues for consumers in developed countries. Producers, manufacturers or retailers must be able to provide accurate and verified document regarding food sourcing, material flow and traceability. Producers require traceable ingredients and a strong environmental control throughout the manufacturing process.
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In the food industry, packaging has always been a very important part of the product. It's primary function is to contain and protect food therein, ease storage and transportation and also to communicate and market the product.
With new regulation, packaging must also clearly indicate quality and composition requirements such as ingredients list, allergens and certifications attached to the product, depending on local, national and global regulatory requirements.
Economic downturn and harsh competition make food manufacturers focus on innovation. R&D teams are always thinking of new formula, new concept, new size etc. Innovation is the best way to differentiate, keep margins high and expand market shares. Product innovation is also about packaging.
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To overcome today’s challenges, smart retailers are taking a more focused look at collaborating with their supplier, seeing them as partners. A successful retailer-supplier collaboration can help smooth pressures along the product lifecycle. A strong partnership brings products to market faster, reduce costs, increase sales and market share, while maximizing ROI for both parties.
Main reasons to improve collaboration are:
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Choosing the Best PLM Software
Guide : speed up your product development
