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AI

AI REDEFINES THE F&B EXPERIENCE 2024 – The secret ingredient to flavor and efficiency

The packaged food and beverage industry is undergoing a remarkable transformation with new trends which is likely to have a bag impact on consumer demand in the coming years. Alterative sources of food, sustainable practices and integration of technologies like AI and machine learning are shaping the future of packaged food and beverage industry.
Retail and Ecommerce
The pandemic had put retail and e-commerce into a transformational path. In the past one year, the retail and e-commerce industry had experienced both positive and negative impacts. Consumer spending increased towards sectors such as travel, food and recreational services and the consumer behaviours became more volatile which lead to a situation where the consumer trends were unpredictable.
e-commerce
E-commerce is one of the most revolutionary developments of the internet era and is undoubtedly a beacon of the 21st century. It encompasses more than just online shopping; it also includes the B2B, B2C, and C2C exchange of money and data as well as the purchase and sale of goods and services.
Logistics
Logistics is a significant part of supply chain management and refers to a robust network of roadways, railways, airways, and seaways engaged in the storage, management, transportation, and delivery of products from the point of origin to the point of termination.
amazon
In this report, we compare two leading e-commerce giants Amazon and Alibaba. The two companies are into online commerce business. The market size of the global e-commerce is expected to grow by a CAGR of 14.7% from 2020 to 2027.
e-commerce
E-commerce is one of the fastest growing industries. The global e-commerce market was valued at $4.9tn in 2021, up from $4.2tn in 2020. The rapid rise in smartphone and internet penetration are the key factors driving the growth of the market.