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FOOD AND BEVERAGES

Food and Beverage industry finds its own way to reduce further loss

Food and Beverage industry finds its own way to reduce further loss
The Siliconreview
27 March, 2020

Corona virus has a very terrifying tough that it can bring down anything at sight. Everything around the world is parked aside to reduce the risk of further local transmission of the virus, fast food chains and restaurants are forced to stop the operations immediately.

Thanks to technology that these affected businesses are turning to food delivery as a way to sustain their businesses and to reduce further loss, and this has led to an increased demand for takeout and deliveries.

Famous food delivery company Deliveroo has seen over 600 new restaurants join the platform since late January in order to extend their sales through delivery. Since March 1, there has been a 50% jump in the number of online restaurant sign ups, compared to the previous month.

Similarly to how the pandemic has forced businesses to adopt flexible work policies as people work from home, this is an opportunity for the food and beverage industry to think about how to digitally transform and future proof their business as they scale back their business during this period.

In such heated satiation, especially in the F&B sector, technology like artificial intelligence is traditionally only cab be used to simplify operations.