Artificial Intelligence (AI) algorithms can be used to optimize food and beverage manufacturing supply chains, helping companies anticipate market changes. This information allows manufacturers to optimize staffing, inventory control, energy consumption, waste reduction, food safety and the supply of raw materials.
According to Business Wire, artificial intelligence in the food and beverage market was valued at US $3.07 billion in 2020 and is expected to reach $29.94 billion by 2026, at a CAGR of over 45.77% during the forecast period 2021-2026.