6CIOReview | | NOVEMBER 2022The food and beverages industry embraces technological upgrades with ease and acceptance. From using apps for ordering and QR codes for menu, restaurants are leveraging the power of technology to improve the customer experience. Contemporary tech-driven solutions are enabling companies to meet the growing demand for convenience and improving customer satisfaction through innovation. According to The Business Research Company, the global food and beverages market grew from $5,818.25 billion in 2021 to $6,327.35 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. percentage and is expected to grow to $7,942.08 billion in 2026 at a CAGR of 5.8%. The immense growth of this industry can be attributed to the change in lifestyle and food preferences as well as e-commerce services. For instance, AI is helping companies predict sales and tailor the inventory to demand, saving organizations money and reducing waste. Robots are increasing efficiency and productivity by performing primary and secondary packaging, delivery, and many other purposes . Similarly, restaurants use geofencing in order to coordinate cooking and customer service so that the food is cooked based on the customer's location to ensure quality. This edition of CIOReview highlights the recent developments in the food and beverages arena and insights into how businesses are aligning with these trends to transform legacy practices.We have curated thought leadership articles from industry experts, including the Food Service Director of CulinArt Managed Dining Services, the Manager of Global Food Safety at Domino's, and the Head of Food Safety and Technical at Harrods. We also took a deep dive into the market trends to narrow down the list of companies delivering robust food and beverage technology solutions. Equipped with innovative technological capabilities, the enlisted solution provider, North American BanCard, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of CIOReview on food and beverage technology solutions helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! EditorialEnsuring Quality and Convenience through Innovation Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com November - 14 - 2022, Vol 11, Issue - 85 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer : * Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner Lawrence
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