The food industry is notoriously tough. Getting the front-of-house right is just the tip of the iceberg; executing the extensive list of tasks behind the scenes is extremely complex. This can often mean employees spending more time in ensuring that processes are compliant and complete than focusing on ensuring an unforgettable customer experience.
Indian consumers’ preferences are changing at a very fast pace, leading to an evolving landscape for its food industry as well. Factors such as robust economic growth, rising incomes, increasing urbanization and greater penetration of technology are driving consumption and fuelling the growth of the Indian food and beverage service retail industry. As such, there has been an increased focus on food safety, especially in terms of food preparation, packaging and distribution.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has forecast that the foodservice industry will be experiencing a Compound Annual Growth Rate (CAGR) of 10 percent over the five-year period from 2017 to 2022. Comparatively, the Chinese and South Korean industries are only expected to grow at CAGRs of 4.4 percent and 3.6 percent respectively over the same period.
This story is from the March - April 2020 edition of foodService India.
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This story is from the March - April 2020 edition of foodService India.
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