FMCG Industry Focus Returns to Investment and Innovation

With the industry resuming to pre-pandemic frequency, the industry is experiencing exponential growth.

Globally, the FMCG industry was one that experienced exponential growth from 2020-2023 – whilst many businesses and industries feared for survival, the biggest challenge for food and beverage manufacturing was capacity and supply.

Here in Australia, it was no different, we saw empty market shelves as a result of sea freight disruption coupled with panic and bulk buying behaviour.

Now that the shipping lines around the world are resuming to pre-pandemic frequency, and supply is beginning to catch up with demand, manufacturers are getting the chance to take a breath and can now look to invest once more.

 

Results from a recent foodpro survey to its buyer database.

 

“You’ve got to spend money to make money” says Phil Hutchison, Design and Engineering Practice Manager at Wiley in their recent blog post, on the importance of investing in building and maintaining meat processing facilities.

Machinery and equipment innovations, that have been released and refined over the past couple of years, will be showcased for the first time at foodpro 2023. Returning this year on 23-26 July at the Melbourne Convention & Exhibition Centre, foodpro is Australia’s largest, longest running and most trusted food manufacturing industry event.

Timed perfectly for face-to-face negotiations to be back on the agenda, foodpro will be the first major event where professionals responsible for procurement and purchasing, can meet with the innovators behind the products that they are looking to invest in.

With a focus on efficiency and sustainability at this year’s event, there are a host of new educational and experiential features alongside an extensive mix of exhibiting suppliers.

 

 

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