The food and beverage space is arguably the industry most touched by consumers worldwide. From changes in consumer taste to diet trends and so much more, there’s no doubt that the food and beverage landscape is ever-changing, with consumers and health regulators being ever more discerning. This presents a unique challenge for industry professionals. Unlike some other industries, there’s zero tolerance for mistakes. Varying dietary restrictions, allergens and rigid FDA guidelines are just a few of the many reasons a robust risk management system is necessary to put consumer safety at the forefront.
In addition to the protection of the end user, the food and beverage industry works off of especially thin margins, meaning there is little room for error, yet solutions must be simultaneously efficient and cost effective. With inflationary prices eating away at brands’ bottom line, a risk management strategy is key to cutting out human error and minimizing product waste during the production phase.