The combination of powerful food retailers, rapidly-changing consumer tastes and increasingly stringent food safety regulations puts pressure on companies operating in the food and beverage sector.
Margins are often slim and competition for the consumer dollar is fierce, making it crucial that you are able to offer innovative products and packaging to your customers.
Thanks to social media and the internet, trends move through the food and beverage supply chain at dizzying speeds. Packaging innovation, demographic changes and health concerns are just a few of the issues that affect the food and beverage industry.
Smaller companies may have less access to the financing needed to invest in product development, manufacturing processes or inventory management technology.
As a small or medium-sized company wanting to break into a large retailer or distributor, the increase in sales may be difficult to finance. Getting a purchase order, delivering on time and being able to replenish inventory as needed, can be extremely challenging, especially without proper financing.