The Food and Beverage industry have been in a rather precarious situation between 2020 and 2021. While the condition has somewhat improved since then, several well-known establishments had to close down as they were no longer profitable or profitable enough. While businesses have to innovate or transition to be able to maintain operations; there is a question that need to be considered: in what way?

In addition, the food and beverage industry are also closely linked with health and diet trends. For example, many people now are looking for plant based or pescatarian diets both for health benefits and due to several real-world concerns, such as sustainability and ESG.

The "Bridging ESG and digital transformation - Initiate the "beyond E" generation" forum of InnoVEX 2022 also discussed these ongoing trends. Victor Chen, Co-Founder & CEO of Foodland Ventures shared how governments and customers are paying attention to the growing ESG trends. ESG in the food sector is not limited to alternative nutrient sources as any innovation that improves the efficiency of the food industry can still contribute to ESG.

A recent article posted in Shopify listed 11 trends in the Food and Beverage industry, including sustainability, direct-to-consumer (DTC) operations, e-commerce, and more. For many businesses, e-commerce investments and integration would be able to elevate their operations to new heights; either by further increasing revenue or reducing costs without sacrificing quality.

Food & Beverage e-commerce and logistics company Kemanji integrates ordering for table service, pick up, and food delivery for both restaurants and customers. Their Appeaty app simplifies the management and accounting processes as well as for corporate accounts, with fast and unified management of table reservations, ordering, payments, and tax receipts.

Combining these factors: increased awareness and interest to sustainability, ESG goals, and e-commerce integration/ investments will further encourage innovations to the entire supply chain. The food and beverage industry are vital to humans because humans need to eat and need to drink. However, the industry and its supply chain contribute greatly to carbon production and often generate a significant amount of waste.

For the retailers such as restaurants or eateries; recent macro-events have forced changes and upgrades to happen not only to reduce inefficiencies, but also to ensure profitability and solvency. Innovations in food and beverage businesses often come in terms of raw materials or production methods, but less often on operational efficiency. Regardless of the industry, improving operational efficiency can help business owners by removing a necessary, but tedious tasks which frees up time for founders and business owners to do what matters more to them.

InnoVEX 2023 Open for Registration

The startup focused exhibition of COMPUTEX, InnoVEX will return from May 30 to June 2, 2023 in TaiNEX Hall 2 (Taipei Nangang Exhibition Center, Hall 2) and the InnoVEX ONLINE 2023 platform will begin from May 1, 2023. Continuing on a hybrid format, InnoVEX 2023 registration is now open for early bird registration which will provide startups with up to 25% discount for their exhibition fees. The early bird discount will last until January 31, 2023 so sign up soon! Sign up today and join us in the Innovation Hub of Asia!

Look Forward to InnoVEX 2023

To connect global startups with potential investors, partners, buyers, and other resources from around the world, InnoVEX 2023 will be also be held in a hybrid online/onsite format. The physical event, InnoVEX 2023 will be held from May 30 to June 2, 2023. Please follow the official InnoVEX Social Media channels for more updates on InnoVEX 2023 and InnoVEX ONLINE 2023:

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