MOUNTAIN VIEW, Calif., Nov. 20, 2013 /PRNewswire/ -- The U.S. economy loses $7 billion every year due to food borne illness outbreaks. As FSMA regulatory deadlines loom for the industry, the entire ecosystem faces challenges in achieving compliance. Based on Frost & Sullivan's ground breaking research, the industry ecosystem is on the forefront of innovating with best-in-class products and solutions to drive compliance and improve operational excellence.
If you are interested in more information on this research, please send an email to Liz Clark, Corporate Communications, at email@example.com, with your full contact details, company name and website, city, and country.
The Top 25 analysis leverages end-user interviews and solution provider ecosystem discussions, while incorporating objective input from a decision-support matrix focused on various factors, including:
- Impact on food and beverage manufacturing competitiveness
- Impact on facilitating FSMA compliance
- Ability to deliver toward critical future state requirements
"FSMA brings some unprecedented changes to the industry that will affect demand for critical equipment, including pumps, automation, and motors," said Frost & Sullivan Global Research Manager Laurel Donoho. "This research allows the food and beverage industry to identify and achieve breakthroughs, and Frost & Sullivan plays a catalytic role in working hand-in-hand with industry players to propel adoption of best practices."
A number of critical challenges face the F&B industry as compliance deadlines approach, including:
- Ensuring timely and complete compliance with FSMA regulations
- Seeking a greater ROI by looking beyond compliance to operational excellence
- Identifying and mitigating safety risks
Significant levels of opportunity for suppliers rely on helping the industry overcome these challenges. As part of efforts to spark adoption of these best practices, the Top 25 will be promoted at the 2014 Excellence in Best Practices event in Coronado, CA. Additionally, a Frost & Sullivan whitepaper that will chronicle the Top 25 can be leveraged by the industry ecosystem.
"Companies typically lack expertise and/or time to analyze the full extent of the regulation, evaluate different types of products available, and then decide on the optimal solution that will fulfill regulatory mandates," said Frost & Sullivan Industry Manager Ram Ramasamy. "Our research, while not an endorsement, leverages a body of research to point in the right direction of best practice adoption."
The research effort will include evaluation of suppliers in the following categories:
- Pumps, valves, seals/gaskets, mixers and blenders
- Compliance and traceability
- System Integrators
- Third party auditing
"We are excited about the detailed research methodology deployed to identify these companies," said Frost & Sullivan Vice President Sath Rao. "We look forward to recognizing the top firms' contributions to a more effective, efficient, and compliant industry."
There will be a free webinar at 1:00 p.m. EST on Thursday, November 21, 2013 titled "Food Safety and Security: FSMA's Impact from Farm to Fork." Please click here to register: http://bit.ly/17f0hDR
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Corporate Communications – North America
P: (210) 477-8483
C: (920) 540-2730
SOURCE Frost & Sullivan