News and Press
31
08
2016

Food Logistics Providers Are Leveraging Big Data to Help Their Customers Better Serve Their Customers

by LPS Insights, on August 31, 2016

food service logistics

Food Logistics Providers Are Leveraging Big Data to Help Their Customers Better Serve Their Customers

 

The food and beverage industry relies on food service logistics providers to deliver the goods to customers efficiently and on time. And time is of the essence for food logistics because of the perishable nature of fresh foods. The fewer minutes products are on a truck, the more time grocers and restaurants have to sell them.

 

According to a recent article in Food Logistics magazine, “capturing the entire journey of food items, via a data trail from farm-to-table, leads to a broader understanding of an organization’s strengths and weaknesses. Smart, well-integrated big data initiatives provide empirical evidence to:

 

  • Optimize transportation routes,
  • Reduce inventory,
  • Reduce freight and fuel costs,
  • Maximize trailer utilization and mobilization,
  • Reduce emissions, and
  • Gain visibility into buying habits

 

And while the power of big data in logistics immediately helps a company’s food logistics business, customers (and their customers’ customers) also benefit as restaurants implement more flexible replenishment schedules, experience fewer stock-outs and waste less food.”

 

The author of the article maintains that leveraging big data is an opportunity for food and beverage companies to “stand out in in an industry where a high-functioning, optimized supply chain can be a huge competitive advantage.”

 

In a supply chain that connects farms, processors, suppliers, vendors and restaurants throughout the world using various devices and systems, a food service logistics provider can make life a whole lot easier for food retailers—restaurants or markets.

 

Read the entire article— “Food Logistics Industry Embraces Big Data to Optimize the Supply Chain”—for more insights into food logistics and big data

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