By Zack Olson, Founder, NextGen Agriculture; and Chris Vigil, Project Manager, NextGen Agriculture
From food safety and regulatory compliance to packaging and supply chain logistics, the food and beverage industry is constantly hunting for solutions that balance profitability and sustainability. With market share increasingly on the line – particularly for large consumer goods companies – food and beverage companies are being squeezed to analyze every cost.
Relentless innovation and shifting consumer expectations leave little doubt that the marketplace and individual attitudes are changing at a rapid pace. If they want to survive and thrive, food and beverage companies must be prepared to understand, predict, and adapt to the ever-changing tides.
A Food & Beverage Revolution is Upon Us. Are You Ready?
Antea Group is excited to host a future look at what food & beverage industry leaders should be thinking about and planning for today to prepare them for what’s next in terms of environment, health, safety and sustainability (EHS&S) impacts to business.
Join us along with esteemed keynotes and our Inogen Environmental Alliance partners for a thought-provoking day of discussion around how innovation and technology are shaping EHS&S management.
Spending power of seniors to hit US$10 trillion by 2020
Tetra Pak has released a consumer study to highlight opportunities in the food and beverage market for seniors, those aged 60 and over, the fastest growing consumer group in the world.
Libby Costin, VP Global Marketing at Tetra Pak said: “Seniors spend 20% of their income on food and beverages. They have more disposable income than previous generations, and are poised to become one of the most important consumer groups over the next decade with a total spending power of US$10 trillion by 2020. This creates a huge opportunity for manufacturers to respond to their needs.”
Nearly 80 years ago, the United States enacted the Fair Labor Standards Act (FLSA) to introduce the 40-hour work week, establish a minimum wage, guarantee overtime for specific jobs, and end oppressive child labor. Over the years various amendments--such as the Equal Pay Act of 1963 and the Age Discrimination Employment Act of 1967--have been added to further improve the life and work environment of workers.
For food and beverage companies, compliance with health and safety regulations is always top of mind. Not only do they want to protect their employees and their customers and avoid costly penalties from the Occupational Safety and Health Administration (OSHA), but they also want to protect their organizations’ reputation and integrity.
When it comes to designing, implementing and managing EHS and sustainability programs, each industry faces unique requirements, challenges and opportunities. There’s no one-size-fits-all approach, and many companies find they lack the resources or expertise to create programs that meet compliance and add business value.
If this is what you’re experiencing as you work to implement or refine your company’s programs, enlisting the help of an EHS and sustainability consultant may provide the direction and helping hands you’re looking for.
Sustainability - What Matters in the Food & Beverage Sector?
October 31, 2014 /3BL Media/ - Sustainability - What Matters in the Food & Beverage Sector?
Recent research conducted by the Governance & Accountability Institute attempts to answer important questions for company managements in the Food & Beverage Sector, by examining the disclosure practices of 96 global peer organizations publishing GRI reports in the sector.
The top 10 Global Reporting Initiative (GRI) aspects that were determined to be material by the managements of reporting organizations in the Food & Beverage Sector are: