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The Internet of Things (IoT) is not just about objects, sensors, big data, cloud technology, interconnectivity and the internet.

For food and beverage manufacturers, it’s about finding new solutions to make the industry more efficient, safe and profitable. Just three benefits are improving food safety, customer engagement and boosting efficiencies.

The masses of data generated by the IoT offer food and beverage companies huge potential to transform operations across traceability, compliance, unplanned downtime, staffing, inventory management, partner collaboration and more.

So what’s holding food & beverage manufacturers back? Three main things: knowledge, cost and good old fear.

Beyond the hype, the IoT can bring a decisive competitive edge to enable food and beverage businesses to better analyse and forecast market demand. It delivers faster information across the supply chain, which leads to both better decisions and increased responsiveness to the market. It can drive better efficiencies and enhance quality control.

The IoT transforms industries, so forget the jargon and consider the impact of IoT technology in your food and beverage business. Begin with evaluating existing solutions and partners. IoT’s potential benefits could be a revelation.

Find out more about these technologies here by reading the full story here.

 

Food & Drink Business

Fonterra Co-operative Group has completed the sale of Mainland Group to French dairy giant Lactalis, closing a divestment process that began in mid-2024 when the co-op announced a strategic shift to become a pure-play global B2B dairy provider.

A potential combination of the world’s second and fifth largest spirits companies would create a $43.6 billion (US$30 billion) global player, second only to Diageo.

Tongala Nutrition has received a $1.5 million government grant through the new $150 million Victorian Investment Fund. The funding will support the company’s expansion, creating more than 40 new jobs in the region.