Running Your Business

woman looking at frozen food packaging | BPFY

International Food Interest Drives Frozen Food Packaging Market

Frozen food packaging is seeing a major boost in sales and growth, thanks to the positively consecutive growth of the frozen food industry itself. Food industry experts, already crediting this positive growth to increased international interest in frozen food, are now forecasting an outstanding CAGR of 5.3% by 2023 for the frozen food packaging industry. Frozen Food Packaging Growth In a 2018 report by Allied Market Research on the frozen food packaging industry, the world’s food packaging industry was estimated to be worth $33m in 2016. By 2023 however, it is expected to be as valuable as $47m. This means that [...]

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sourcing locally handshake | PBFY Packaing

The Importance of Sourcing Locally

There’s a great advantage to sourcing locally for any Original Equipment Manufacturer (OEM) or company, especially in the United States today. But it remains an overshadowed alternative against international sourcing, the industry’s sure and trusted route for past decades.  Many OEMs maintain international supply chains for valid reasons, such as cheaper labor, unique craftsmanship, cheaper raw materials and more.  A reckoning is starting to take shape, as issues such as lower quality of products and increased reports of child labor in foreign supply favorites like China and India continue to surface. More and more OEMs are starting to consider sourcing their [...]

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food packaging machinery growth | PBFY Packaging

Food Packaging Machinery Growth Expected to be Above CAGR 6%

Food Packaging Machinery Forecasted Growth – 4 minute read The food processing sector has evolved over the years, prioritizing innovation and new ideas on how this sector can effectively grow and impact the entire population. The hype for improvised food packaging and handling systems has been around for quite a while, and many different types of new machinery have been tried and tested. The benefits of the development of this new machinery will show positive growth that is over 6% the Compound Annual Growth Rate. What is the cause behind this growth? Which companies have caused this growth? Historical Growth. The historical growth [...]

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Asian Tea Alliance Infograph | PBFY Packaging

Co-opetition Through the Asian Tea Alliance

Asian Tea Alliance – Finding a way to work together Competition in business is fierce, as is the competition between large corporations as they strive to make more substantial profits is too. To make the competition more controllable, a number of countries and states have formed competition bureaus or commissions. These entities aim to balance out the competition in terms of pricing, production costs, etc. As it stands, old business models may run out of time in a new business world that is racing towards a concept called co-opetition. What is co-opetition? Meaning of co-opetition Co-opetition, a term used for cooperative competition, can [...]

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artificial intelligence robot and human | PBFY

Artificial Intelligence Innovates the Food Industry

Artificial Intelligence & Food Industry – 4 minute read Artificial intelligence has caused innovations in the food industry, with much more expected. Artificial Intelligence is where computers perform tasks that usually require human knowledge. These tasks include decision-making, visual perception, speech recognition, language translation, and much more. The food industry, usually a little slow on the uptake of new technology, is well on its way to making AI integral to business as usual. Opportunities to implement AI in the food industry Food sorting Sorting through fresh produce is hugely time-consuming and labor-intensive. Potatoes are typically classified by size so that the manufacturer knows [...]

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Coffee Industry Leaders Push for Coffee Transparency with “The Pledge”

The coffee industry is all about harsh realities and pretty pictures. Coffee roasters and shops around the globe rely on coffee farmers to produce the beans that coffee lovers thrive on. However, producers often reap minimal profits from everything that gets generated along the coffee industry’s value chain. More and more leaders in the coffee industry recognize that one of the best ways to ensure the production of superior coffee products is to increase sustainability. Ultimately, this must begin with allowing the producers to earn higher income for what they do. Unless they earn good money, these producers end up [...]

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Food Retailer Trends You Can Leverage to Increase Sales

For the food retail industry, innovation is now an unavoidable aspect of a business, especially since the mass closure of thousands of physical stores all through 2017 and 2018. Consumers are also demanding more efficiency and convenience from food retailers, especially for on-demand food retail. The latter is such a big deal now that most food retailer trends for 2019 are aimed at major innovations. For those in the business, the food retailer trends for 2019 present a number of opportunities, including boosting sales for your business.  Below we show you four major food retailer trends for 2019 you can leverage [...]

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