Drink Asia September - October 2019 | Page 14

Market Update DIGITALIZATION IN THE BEVERAGE INDUSTRY By : ANU BHUSHANI - R&D Manager, Pellagic Food Ingredients Pvt. Ltd. Bangalore I n the world of digitalization, our day-to-day activities are either directly or indirectly dependent on technology. Digitalization has a pivotal role in many industries and businesses, including the food and beverage industry. So what is digitalization? Digitalization is the use of digital technologies such as big data analytics, IoT (internet of things), artificial intelligence, IT/OT convergence, blockchain, digital twin, robotics, etc., to optimize business models, thereby providing scope for overall profit. The needs and challenges faced in a food and beverage industry are unique in their own way. For instance, in any F&B industry, there is a requirement for differentiated stock keeping unit and detailed end-to- end traceability record for all ingredients used in the product. The key areas that can benefit from digitalization are as below: • Supply Chain: Today’s consumers demand information about the product they consume and its supply chain. Digitalization can aid in farm-to-fork food tracking by using blockchain technology, IoT and advanced analytics. Alcoholic drinks are exempted from EU rules in revealing the ingredients and nutritional information in their label. However, distilleries are starting to adapt blockchain technology to gain buyer’s confidence regarding the ingredients of the product. For instance, Ireland craft beers use blockchain technology to provide information on the making of their beer to the consumer. Similarly, IoT and advanced analytics are used to track the product specifications (temperature, moisture, etc) during transit and trigger alarms if any deviations are recorded. • Production: The concept of ‘smart factory ’ (also known as industry 4.0 or fourth industrial revolution) is gaining attention among the beverage manufacturers. In a smart factory, cyber-physical systems, internet of things (IoT), cloud computing and/ or cognitive computing, are used to automate the entire production process. Here, machines are augmented with web connectivity and connected to a system that can schedule production process and also provide scope for predictive maintenance. Based on the dynamic market requirements, production quantity can be easily manipulated in a smart factory setup. Apart from this, the use of conventional robots and collaborative robots (cobots) have promising roles in the non-alcoholic beverage industry. • Inventory and Warehouse Management: The alcoholic and non-alcoholic beverage industries face ever-shifting demand for products and this compels companies to turn to automated warehouse management systems. An automated storage Attractive packaging and informative labelling are important aspects of product marketing and sales Drink Asia 14 September-October 2019