Paul Lindsell, managing director of MindMetre says that while F&B manufacturers pioneering the way forwards may be reluctant to share insight, collaboration will benefit everyone. (Mindmetre) The managing director at consumer and business analyst firm Mindmetre claims a lack of management skills is preventing food and drink manufacturers from investing in digitalisation. Research from Mindmetre of more than 1,000 manufacturing companies worldwide has highlighted four key factors holding back the pace of digital transformation in the industry: Management understanding to assess the benefits, risks, return-on-investment and best-practice journeys for digital transformation. The data challenge to capture, manage and leverage digital data for business advantage. The shop floor — engaging employees to implement and manage new systems and processes. Guidance and collaboration by the buy-side and the supply-side to share basic knowledge, practice and examples of successful digital transformation. The report follows on from Mindmetre’s previous study which found the adoption of ‘significant’ digital transformation among all sizes of manufacturers across all sectors was between 25-30% in 2023-24. Its most recent study has showed that greater connectivity and collaboration is needed, and points to a change of mindset among manufacturers and their technology providers as the most important lever. And […]
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