Joe Scioscia

Technology advances in retail are an important contributing factor to a successful busy season. Retailers will also likely have to pivot their strategies to strengthen customer relationships and build brand loyalty through an online presence. Technologies such as predictive analytics and AI are helping companies collect and store useful data while predicting consumer habits, allowing brands to better connect with their consumers.

Food manufacturers can sometimes face obstacles in their daily operations. Having a proper ERP solution for your business means choosing software that will help you improve food safety and streamline operational efficiency, while managing your business growth. Does your Enterprise for Food solution have these 2 components?

Spreadsheets are very vulnerable to human error, and incorrect calculations can have a domino effect, causing major mistakes to occur throughout a document and eventually can negatively impact your bottom line.

Intelligent Enterprises today recognize that investing in a new, fully integrated Enterprise Resource Planning (ERP) solution, or upgrading an existing investment is imperative to the success and growth of the organization,, because the cost of doing nothing will hurt the entire enterprise, both short and long-term . According to Aberdeen Group, The Cost of Doing Nothing, 46% of companies with an updated ERP system are more likely to increase their performance, inventory accuracy, and customer satisfaction.

Technology has become the driving force behind the increased pace of business, with companies today facing the “keep up or be left behind” reality. The world of food is especially influenced by this continuously changing and fast-moving, technologically advanced landscape. Food and beverage companies must handle the challenges, that shape the industry and as such, they look to innovation to remain relevant and compliant. In a competitive environment with fickle regulatory conditions, food and beverage manufacturers need to rely upon technology solutions that will support them not just today, but well into the future.

The use of technology has significantly changed shopping habits, as consumers today no longer need to visit a store to make their purchase; now they can use tools such as, laptops, tablets and smart phones to order everything they desire, all with a click of a button. However, as digital interactions become more common, retailers must be creative when it comes to merging the gap between in-store and online purchases. Although change can be terrifying, with this new age brings new opportunities, which every smart retailer must take advantage of in order to remain competitive.