Futureproofing the Food System

How AI and digital transformation are influencing the food and beverage industry

22-Oct-2023 - Last updated on 25-Oct-2023 at 18:10 GMT

Manufacturers and retailers are improving their technology stack through digital transformation strategies and AI to improve operations and address historical food and beverage challenges from ingredient shortages and reformulations to predicting current and future market opportunities.

Panelists during FoodNavigator-USA’s free-to-attend virtual event, Futureproofing the Food System, will explore how AI and digital transformations are evolving the food industry on Nov. 14. Futureproofing the Food System virtual summit takes place on Nov. 14-16. To register and attend for free, click here.

AI’s use across industries is among the most pervasive technologies in modern business. With a current projected value of $3.07bn, its use in food and beverage is expected to reach $29.94bn by 2028 with a CAGR of over 45.8%, according to data from Research and Markets.

For food and beverage, AI offers potential solutions across the supply chain, from identifying rare chemical components in raw materials and building formulations that fit specific health benefits to fine tuning operations and designing targeted brand messaging. Both AI and digitization offer the potential to streamline processes and methods for companies looking to predict consumers’ continuously evolving preferences around health, sustainability and innovation with efficiency.

In the session, From Fields to Fermentation: How AI and digital transformation are evolving the food and beverage industry, Deniz Ataman, deputy editor, FoodNavigator-USA, will moderate a panel discussion with experts across the food and beverage supply chain on AI’s potential opportunities, challenges and future impacts.

The panelists are:

Sofia Elizondo, co-founder, COO, Brightseed
Manish Ghosh, CVP industry strategy, consumer industries, Blue Yonder
Nick Markman, senior product manager, Evocalize
Matias Muchnick, CEO, NotCo

With each panelist representing different segments along the supply chain, the 40-minute discussion will explore how digital processes may address food shortage solutions, waste management, alternative ingredient discovery, effective and targeted brand messaging, among others.

Register for FoodNavigator-USA’s free-to-attend Summit today to attend From fields to fermentation: How AI and digital transformation are evolving the food and beverage industry.

Visit the Futureproofing the Food System event page for schedule details, to register and attend additional sessions for free on Nov. 14-16.