The machine vision industry is projected to see positive growth in the next 3 years, according to analysis conducted by Frost & Sullivan. Market opportunities are driven by increasing demand for automation to boost operations and productivity, particularly in the food and beverage industry. The industry is estimated to reach $14.02 billion in revenue by 2025, up from $10.28 billion in 2020. Annual growth rate is expected to be at 6.4%, with the Asia-Pacific region being the largest and … [Read more...] about Higher demand of machine vision systems to be seen in F&B
Automation
Fixing the fragile food system through technology
The food production capacities across the globe continue to be challenged with supply chains under severe stress, changing travel restrictions and the uncertainty that the pandemic has brought. The past couple of years served as a wake-up call for many countries like Singapore, revealing just how weak its food security system is. And with Asia’s population continuing to grow, increase, a weak system won’t be able to sufficiently feed the succeeding generation. Focusing on … [Read more...] about Fixing the fragile food system through technology
Shining a light on cybersecurity in F&B
The food and beverage industry is keeping up with the modern times as more companies are adopting new technology solutions across the supply and value chain. However, with things such as cutting-edge software comes a whole range of risks that can seriously impact operations, end products and even a business’ financials. Now, more than ever, is there a need to take a look at cybersecurity as threats of cyberattacks have been growing in the past few years. In May of this year, the world’s … [Read more...] about Shining a light on cybersecurity in F&B