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Technology Makes Sustainability a Profitable Opportunity for F&B Sector: Murali Manohar, Senior Director and General Manager, India Subcontinent, Infor - Vimarsana News

Technology Makes Sustainability a Profitable Opportunity for F&B Sector: Murali Manohar, Senior Director and General Manager, India Subcontinent, Infor

Mumbai (Maharashtra) [India], January 27 (ANI/NewsVoir): Today, food and beverage companies are under the spotlight to consider sustainable development in their business strategy due to a misconception of costs outweighing the benefits still prevailing in the industry. According to the recent UN report, the world's population is set to increase by nearly 2 billion and India is expected to become the most populated country in the world with 1.7 billion people by 2050. Keeping pace with the food demands of this population would require raising overall food production by 70 per cent, as per t...

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Murali ManoharSenior DirectorGeneral ManagerIndia SubcontinentMumbai Maharashtra IndiaAnuary 27 Ani Newsvoir TodayOod And Beverage Companies Are Under The Spotlight To Consider Sustainable Development In Their Business Strategy Due Toa Misconception Of Costs Outweighing Benefits Still Prevailing Industry According Recent Un ReportHe World 39s Population Is Set To Increase By Nearly 2 Billion And India Expected Become The Most Populated Country In With 1 7 People 2050 Keeping Pace Food Demands Of This Would Require Raising Overall Production 70 Per CentS Per The Estimates Compiled By Fao ThisN TurnIll Increase The Impact On Environmental Ecosystem Affecting Biodiversity And Climate Change Spiking Food Wastage Across Supply Chain Given Its Significant Impacts Social Ecological IssuesA Considerable Gap Exists In Catering To The Food Demands Of World 39s Current And Future Inhabitants While Reducing Environmental Consequences ClearlyHe Future Off Ampb Companies Is Entwined With Addressing The Link Between Sustainability And Firms 39 Profitability As So Often CaseHe Answer Lies In InnovationIth The Right TechnologyPplied In The Right WayAximising YieldRiving Down Waste And Increasing Operational EfficienciesLtimately Underpinninga Sustainable And Profitable Food Beverage Sector Sustainabilitya Pressing Priority While Sustainability Certainly Is Nota New Topic For The IndustryHe Last Couple Of Years In Particular Have Served To Propel The Issue Towards Top Priority List Not Only Do We Forecasted 70 Per Cent Increase Food Production And Associated Environmental Impact ConsiderUt Food Waste Levels Are Massive TooIth Nearly 40 Per Cent Of The Food Produced In India Wasted Every Year Due To Fragmented Systems And Inefficient Supply Chains More Consumers Are Taking Sustainability Considerations Into Account When Choosing Which Products BuyNcreasingly Looking To Brands Prove Their Sustainability Credentials Regulatory Pressure Become Sustainable Is Only Set Increase Thanks The Worldwide Nature Of Food And Beverage Supply ChainOuntry Specific Sustainability Requirements Can Quickly Become GlobalPplicable Across Borders If Organisations Want To Continue Do Business In The International Marketplace Rising Energy Prices Too Have Led More Businesses Prioritise Efficiency