AI And AR; A Revolution In Food Logistics
Posted by Ankit Singh on December 21st, 2020
Supply Chain Management holds a complicated structure and is a real-time struggle for F&B companies. Consumers are looking forward to getting the minute details about the food products they are using, and on the other hand, manufactures have to deal with the constant surge in the demand and answer the challenges of managing inventory at a competitive price, to beat the competitive odds.
Yeah, it is not that easy as it seems, and behind every food product, there is a different story running behind. And at the same time keeping a check on the quality and delivery just creates another set of issues. And amid this hullabaloo, there has to be much more that runs between the lines.
Finding it chaotic enough???
Well, this is the scenario every F&B company deals with, but to ease down the woes, the integration of technologies AI and AR apps has paved a smooth way ahead.
Here in this blog post, we have collected a few insights to help you understand just scroll it further…
How AI and AR are the major growth factors in the food supply chain?
The supply chain is the backbone of any business, and when it comes to the food industry, then nothing can match its wavelength. The value it offers to the businesses dealing in the food sector is beyond imagination even.
It is expected that AI technology in the food and beverage market shall surge to over 65.3% by 2025!
Whoa, that’s a huge number but it clearly indicates how smartly the global food industry is embracing the technologies.
Many of us think that AI and AR largely focus on creativity and innovation, which has nothing to do with the food industry, and these two tech trends to be unrealistic enough to make any change in the food supply chain. But eventually, the bucket of benefits with these two tech pieces is fueling stronger profit margins, improving traceability, optimizing inventory, securing the quality, and giving a reasonable reason to the users to receive value.
Well, there is much more to be experienced with these two technologies, and to help you glean insights, we have brought you this post here today, just read it ahead, and explore the creative possibilities AI and AR are creating for food logistics.
Predicting demands effortlessly
The food supply-demand has to be assessed so the management of the crop can take place in the right manner. However, in the current environment where there are different restrictions taking place, it is hard for the manual efforts to capture the right amount. Here, integrating AI and AR technologies help in analyzing, predicting, and planning the food demand accurately. The predictive analysis helps farmers, vendors, manufacturers to maintain a healthy chain of food supply and produce goods that would meet the requirements. This also saves money and efforts invested in managing the waste, and reduces it eventually. It further helps in optimizing the inventory to maintain the food production smartly.
Today, due to high competition every manufacturer and vendor needs to take the extra step to boost profitability. But without the inclusion of high-end technology it is impossible to reach the goal. If you really want to score higher on the ROI then improving visibility to minimize the disruption is a must-have factor. With the AI system, you get an option to replenish the system and help it automate. This further helps in self-optimizing ordering processes that not just engage the consumer but helps businesses to offer value to the customers.
Builds customer confidence
When COVID-19 hit our globe, we all were dealing with the normal life routine, and then suddenly there was a major hit, which left our system for every service paralyzed. And here food supply management was no exception, which was adversely affected, and the inclusion of technology here brought flak of criticism for more transparency. But with the constant advancement, it proved its worth and it not just helped in the traceability of food from farm to fork, but also led the farmers to check the quality of the fruits and veggies seed to grow the crop. And this all consequently leads to improved trust and confidence from the customers over the food products.
Triggers inventory optimization
Fresh food is something we all look forward to buying, but the backdrop of this scenario, has a demerit as well, which leads to food wastage. It is reported that only in the US 40% of food produced goes to waste, and seasonal fruits and vegetables hit the biggest blow across the world. The solution to this issue is in the integration of an AI-powered inventory management system that would encourage the point-of-sale data that helps in stocking the fresh food products. Also, AR technology here lets the customers scan the product and see its date of manufacturing or date of farm-pick, to buy accordingly without being served by the wrong information.
Food for thought; AI and AR will mark a difference in future
The year 2020 has made it very clear that the food supply chain is not free from any risk, and needs to be revisited with its existing approach to help in creating a better platform where food supply and other uncertainty must be addressed.
However, the addition of AI and AR in food logistics has opened a floodgate of opportunities for the business, where they can maintain a healthy flow of the food supply chain and avoid any chaos that might happen in between.
It is expected that in the near future, app development companies would continue to integrate AI and AR in their app solutions. And this would offer new opportunities to improve food supply chain management and end-to-end visibility across the globe.
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About the AuthorAnkit Singh
Joined: April 29th, 2020
Articles Posted: 6
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