New Frost & Sullivan Research: Enabling Next-Gen Practices in Food and Beverage Frost & Sullivan announces the release of its whitepaper highlighting solutions that drive value beyond compliance
MOUNTAIN VIEW, Calif., March 19, 2014 /PRNewswire/ -- Frost & Sullivan's ground breaking research whitepaper on driving value beyond compliance to Food and Drug Administration Food Safety Modernization Act (FSMA) mandates in the U.S. food and beverage (F&B) industry is now available.
As the FSMA regulatory deadlines loom for the U.S. F&B industry, the entire value chain – from farm to fork – faces unprecedented challenges in achieving compliance. While the bulk of end users look at investment for compliance as one that has no ROI, there exists in the market today solutions that can help users not just achieve compliance, but go beyond to achieve next-generation level performance in production.
Frost & Sullivan's whitepaper, Achieving Value Beyond Compliance: How the Food and Beverage Industry Can Leverage Forces of Change as Pivot Points for Next Generation Practices, examines industry issues, outlines the expected impact of FSMA in the F&B value chain, identifies key sectors primed for change, and provides an evaluation framework for the most valuable products and solutions (MVPs) suppliers that can help the industry realize value beyond compliance.
"The current state of the industry buying behavior and value trends data shows manufacturers at different levels of best practice adoption of driving value beyond compliance," says Sath Rao, vice president for Frost & Sullivan's Industrial Automation and Process Control Group (IPC). "This will evolve as solution providers drive the value proposition. This research alerts the food and beverage industry to best-in-class solutions to drive industry innovation, which can equate to improved production performance and superior customer service."
The whitepaper discusses these buying behaviors and adoption levels, characterizing them as:
- Leaders: ahead of the curve in recognizing value beyond compliance
- Challengers: buying based on islands of excellence
- Niche: lack the full value vision
- Laggards: focus only on compliance and do not recognize the opportunity for investment ROI
"The industry must understand the FSMA as a mandate not just to improve their overall compliance, but also as a mode of continuous improvement practices," said Ram Ramasamy, industry manager for Frost & Sullivan's IPC group. "These practices will facilitate sustainability, customer loyalty and improved brand image in the market."
To view this whitepaper go here: http://bit.ly/PPgFFY. You can also email Liz Clark, Corporate Communications, at firstname.lastname@example.org if you would like more information or to speak with an industry analyst.
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SOURCE Frost & Sullivan