1、Trends,Challenges,and Opportunities in the Food IndustryFood Industry Executive 2020 FoodIndustryE.All rights 2020 FoodIndustryE.All rights reserved.03 Letter from the Editor04 Key Takeaways05 Part 1:Trends09 Part 2:Challenges12 Part 3:Opportunities16 Whats Ahead17 About Food Industry ExecutiveTable

2、 of ContentsSolutions for bread,pizza,pastries,cookies and more.Complete turn-keylines or single unit machines to:*Increase capacity*Improve consistency*Reduce costs#1 Supplier of AutomatedBakery EquipmentNAEGELE-INC.COM708-866-0819EXCLUSIVE NORTH AMERICAN SUPPLIERS FOR:A 2020 FoodIndustryE.All righ

3、ts reserved.The pace of change in the food industry is faster than ever,and it keeps accelerating.Much of the pressure comes from constantly changing consumer preferencesthese days,if it takes you 18 months to launch a new product in response to a consumer trend,youve probably already missed the win

4、dow.The industry continues to face pressure from other areas as well.E-commerce is stealing market share from traditional retailers,with online food and beverage sales forecast to increase by 32%annually.The labor shortage is driving an increase in automation,and consumers are becoming a lot more in

5、terested in sustainability and corporate social responsibility.We asked 150 food processors and their suppliers about the trends and challenges they anticipated would take off.This report examines areas of overlap and disconnect between processors and their suppliers,assesses how their predicted tre

6、nds have played out so far,and explores the top opportunities for growth.Krista GarverEditor in ChiefFood Industry ExecutiveLetter from the EditorA 2020 FoodIndustryE.All rights reserved.The primary challenges across the entire industry are attracting and retaining employees and sales and marketing