Alvarez & Marsal’s Post

Great new article from my fellow partners focusing in the QSR space, on how AI is quickly becoming a competitive factor in the industry. Look us up if you'd like to learn more!

I attended the annual Food and Beverage Ontario conference last week, and it was amazing. Thoughtful speakers and its incredible to see how many great brands are based here in the province.   One of the big topics, as it would be, was how AI is going to be this large productivity driver. The numbers they showed were in the 20% productivity improvements with your payback period being around 2 years.   Of course that’s great but we find larger increases in production with a much shorter payback period for our clients by focusing on how to improve their current operations and make them more efficient. Without any additional spend.   Makes you think what those numbers would be if you brought in AI after maximizing your current operational processes and structures.   If anyone in food production here as thoughts on how to adopt AI, DM or drop a comment and lets chat! #AI #Foodproduction #operations

AI's Impact on Soft Drinks: Shaping Tomorrow's Retail! 🥤 Big news in soft drinks! AI isn't just streamlining operations; it's birthing new flavors and changing how we experience soda. Flavors from the Future Coca-Cola used AI to craft a futuristic 3000 Zero Sugar flavor, blending emotions, colors, and dreams of the future. It's about predicting what we'll crave next! Smart Operations for Supply Unilever (PepsiCo owner) uses AI to tweak operations, ensuring a resilient supply chain by finding new ingredients. It's adapting fast to what customers want. AI's Upward Trajectory AI in sodas is just the beginning! Think of AI not just as a tool but as the key to changing how we shop. It's predicting our wants and reshaping what's possible in stores. Exciting, right? What other cool ways can AI transform shopping? 🛒 #FutureFlavors #AIinRetail #RetailRevolution #SoftDrinksAI #Innovation #AIImpact

GrubMarket, the popular delivery service, has just acquired Butter, a technology company focused on food distribution. 🚚 With this acquisition, GrubMarket is set to revolutionize its delivery operations. By incorporating Butter's cutting-edge AI technology, they'll be able to optimize routes, improve logistics efficiency, and provide faster and more reliable deliveries to customers. 🤖✨ This move is a game-changer for GrubMarket, as it strengthens their food distribution network and enhances their overall service offerings. 🌽🍅🥬 What are your thoughts on the integration of AI technology in the grocery delivery industry? How do you think it will impact the overall customer experience? Share your perspectives below! 👇🏼 #GrubMarket #Butter #OnlineGrocery #AI #DeliveryOptimization #CustomerExperience

Since when have you started seeing "Cholesterol Free" written on Cooking oil packing? Was it the case right from the beginning? Answer is No! Whenever the consumers become fundamentally and situationally aware, Brands have to showcase they are absolutely free from the aspects/elements their consumers don't like or avoid. While so much AI has been inducted in almost every business functions, especially consumer-facing operations, it has amplified customer concerns about brand authenticity, transparency and trust. It's high time to align GenAI practices with consumer expectations. #brandawareness #consumerexpectations #transparency #trust #AI #GenAI

Thrilled to share that the latest data reveals the food industry as the fourth fastest adopter of AI technology in the UK for 2024! 🍽️💡 As AI continues to revolutionise various sectors, its impact on the food industry is undeniable. From streamlining operations to personalising customer experiences, AI is reshaping how we approach food production, distribution, and consumption. This achievement underscores the industry's commitment to innovation and its readiness to embrace cutting-edge technologies to stay competitive in today's dynamic market landscape. #AI #FoodIndustry #Innovation #UKTech #FutureReady

2nd stop Chicago! Would AI have been able to help improve and predict success for the deep-dish pizza 🍕 or the Chicago style hot dog 🌭? After starting out in Dallas, our US tour continues on the 26th of March at Quirk's Media event in Chicago. There our CEO Ben Harknett will talk about how global CPG companies are benefitting from AI based advice and predictions to deliver higher innovation success. We hope to see you there!   Can’t make it? And want to find out more, just drop us a line at [email protected] #ai #innovation #consumerinsights

The AI revolution has hit the world of Food and Beverage. But, for years, AI technology has been unattainable for all but the largest corporations. The game has changed. It's time to embrace it! Introducing AI into the world of Food and Beverage is now more accessible than ever before. Using AI solutions, every aspect of the preparation and production process can be optimized. This means: - Quality assurance - Improved supply chain management - Cost reduction - Increased efficiency - Personalized customer experience Accessing AI is no longer reserved just for the big players. Small and medium-sized companies can now use AI-driven automation to elevate their businesses to the next level. It's time to take advantage of this game-changing technology and put it to work for your business! D&H Technologies, Inc. Helmsman Group #REGULATE #AI #ProductInnovation #CPG #ProductDevelopment #FutureOfInnovation #AIIntegration

I think we will get to the point where with all of the #AI #innovation, we get saturated with AI augmentation (not automation, because what’s automated will never come back to the human except in niche or artisinal markets or approaches) I akin this to all of the unnecessary ingredients we see in store bought foods- and now some more conscious consumers look for more simple ingredient lists and less processed foods because of how detrimental it is to health. The processed is AI. And people will yearn for the less processed again at some point to be determined in the future. #happyfriday

Heading to FMI Fresh Forward? Be sure to attend RELEX Solutions' panel on August 7 from 8:15 to 9:15 a.m. We'll cover how emerging technologies like AI are transforming the fresh foods sector, from demand forecasting to regulatory issues. It's a must-attend for anyone in the industry.  Reach out to see how we can optimize your fresh assortments: https://lnkd.in/eRnjqayw #FreshFood #AI #MachineLearning #SupplyChain #FMI #FreshForward