I swiped across a very interesting article on FoodTech and thought this was one to be shared.
Now I've definitely used apps such as JustEat & Deliveroo before, so it makes perfect sense to look at how FoodTech & digital innovations can help the operational and supply chain side of the food and restaurant sector, NOT just the marketing and sales side of food businesses.
These new technologies can play a massive part in making an impact on the environment - from declining the amount of food waste produced to reducing emissions on ingredients deliveries.
Ultimately, FoodTech will help businesses increase profits and reduce costs in a competitive market. What's not to like?!
The rise of foodtech Foodtech is the broad umbrella term applied to technologies in the food and drink sector. And it’s an expanding marketplace; in fact, the global foodtech market is predicted to record a compound annual growth rate of more than 6 per cent between 2018 and 2023. Consumers will already be familiar with some of the more common elements of the foodtech space. For example, many restaurants now use online or mobile solutions that enable customers to book a table or order a takeaway. However, it is important to note that there are other technological tools available for restaurants to use within their internal operations that could deliver significant competitive advantage.