Accelerating Automation in Food & Beverage Industry
India is the world’s second largest producer of food after China and has the potential of being the biggest, backed by its food and agricultural sector. The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing and packaging industry. The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment.
Recent developments in factory optimization have forced the need to adapt machinery and other processes to make manufacturing more effective. Automation is opening many opportunities for technology companies that are innovative and can cater to automotive companies. Demand is further expected to increase in the coming years as companies need more Automation to remain competitive.
With this crisis, which has engulfed the whole world, we need to start innovating in order to ensure business continuity and providing essentials to the consumers. This crisis has created a mountain of challenges for big and small fmcg companies, to list out few of them, consumer buying patterns are changing, production & operation of goods has impacted etc. This webinar focuses on the key aspects of FMCG companies and how they can innovate their processes in order to create an efficient supply chains and profitability. Automation is one of the important pillars in order to create solutions to ongoing challenges.