Technology Will Drive Food Industry Growth, Says KPMG Survey

Photo Credit: Foodtechconnect.com

Photo Credit: Foodtechconnect.com

Food and beverage industry executives see technology as the greatest driver of future growth, finds KPMG LLP’s 2013 Food and Beverage Industry Outlook survey. Respondents, which include 100 US-based senior executives from companies with annual revenues over $1 billion, say that social media, mobile and online marketing and cloud computing are creating new opportunities to engage with consumers and explore new business opportunities.

“The food and beverage industry is experiencing significant change,” said Patrick Dolan, national line of business leader for consumer markets at KPMG LLP, in a press release. “Technology is redefining how companies identify growth opportunities, operate their businesses, and manage risk – and the companies that adopt and utilize these tools most effectively are positioned to capitalize on improving business conditions.” Read More