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Trends in the Food and Beverage Industry

Trinity Logistics

In this blog, we’re going to dive into some of the latest trends in the food and beverage industry. Recently, there’s been an increased demand for temperature-sensitive drugs (think covid vaccines and biologics), rising demand for better food quality, a surging need to reduce food waste, and growing demand for generic drugs.

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Freight Market Data Sources

FreightWaves SONAR

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

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Trending Sources

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FreightWaves SONAR flatbed data now available in Trucker Tools app

FreightWaves SONAR

Some of the advantages for users include: Immediate access to lane-specific rate data: The ability for both parties to trust the same data will make negotiations fairer and more efficient. Market temperature check: Visibility into which lanes are hot and which are cold will help simplify strategic decisions.

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Autonomous Data Capture

Logistics Business Magazine

Real-time data, including inventory, enables structural visibility in logistics, which leads to better resource allocation, reduced downtime and improved customer service. Dexory’s robot (pictured) automated inventory management, providing instant, continuous data. She describes the machine as an ‘autonomous data capture unit’.

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Temperature Controlled Freight Carriers Serve an Important Role

FW Logsitcs

Temperature-Controlled Freight Carriers Protect Your Products. These products require special handling and storage so they maintain a safe temperature throughout the supply chain. Refrigerated freight forwarders like FW Logistics are uniquely equipped to handle your sensitive frozen foods and other temperature-controlled goods.

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High-quality freight data is vital for supply chain automation

FreightWaves SONAR

Third-party supply chain and freight market data has become an important tool for retailers, manufacturers and suppliers who want to redesign their networks, improve strategic planning, benchmark their transportation spend and the service they’re getting in return, and measure the efficiency of their facilities.

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Leverage freight data for confident demand planning

FreightWaves SONAR

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.