2023 Food Industry Forecast: Disinflation with a side of Agile?
With us on the podcast today is Gary Nowacki, CEO of TraceGains. We’re talking about what food and beverage processors might expect this year in terms of ingredient costs and supply availability. We launch into a discussion about inflation – and disinflation – and how both will play a part in the business strategies of many top food companies. As we attempt to make predictions about the coming year, one thing is certain: expect the unexpected.
The unexpected plays a big part in the second half of our conversation, where we talk about how CPG manufacturers have pivoted in the last few years and that many are learning to embrace and build a more agile supply chain. We chat a bit about how food and beverage companies seem to be establishing better partnerships with their employees through benefits and long term needs before digging in to a conversation about co-manufacturing and how brand owners and co-mans are collaborating to bring new products to market.
Follow along in this episode through the topics timestamped below
Ingredient cost and supply availability forecast 1:45
Supply chain predictions 3:17
Ingredient cost and supply chain issues’ impact on product development 6:36
Strategies CPG companies are using to remain competitive 9:21
Co-manufacturing and building a network for collaboration 13:41
Co-manufacturing as an alternative to traditional in-house production 18:39
