#F&BTalk: Innovative concepts – Siemens Xcelerator

On-demand webinar

Small and Medium Enterprises in the food and beverage sector face the constant challenge of remaining competitive and adapting to changing circumstances. Given that SMEs make up the majority of businesses in this industry and account for two-thirds of jobs, it is crucial for them to stay ahead. In fact, 74% of these SMEs have already made investments in enhancing their production processes through the use of digital technologies. S&P Global Market Intelligence forecasts the Food & Beverage industry IIoT data generation will reach 17 million TBs by 2025, growing on a 3 year CAGR of 41% (2022-2025).

To tackle the new challenges effectively, agility, flexibility, and the adoption of digital methods and connections are key. However, this requires SMEs to update their technology and platforms to ensure their practicality and effectiveness. Food & Beverage manufactures face unique challenges across harvesting, processing, distribution and retail; those who have successfully implemented digital transformation projects have made significant positive business impacts across this supply chain. SME Food & Beverage manufacturers are implementing powerful use cases underpinned by IIoT and Digital transformation to drive significant business outcomes in their processing facilities, such as quality assurance reducing waste or production monitoring improving overall equipment effectiveness and throughput.

If you want to learn more about the importance of accelerating transformation in the food and beverage sector, we invite you to watch the discussion with S&P Global and Siemens.