According to an independent survey conducted by security company Claroty, 4 in 5 organisations in the Asia-Pacific (APAC) region have been impacted by ransomware. Over half paid ransom, as revealed by the Global State of Industrial Cybersecurity 2021: Resilience Amid Disruption. Recently, companies in the food and beverage industry were targeted by large-scale cyberattacks. In 2021, global meat processor JBS paid about $11 million in ransom to resolve a cyberattack. Recently, U.K.-based KP … [Read more...] about More investment in cybersecurity seen globally, including F&B
Automation
Higher demand of machine vision systems to be seen in F&B
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
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
