Innovation in the Foodservice Sector has never been so active or widespread. Across the industry, radical and disruptive innovation is changing the nature of foodservice and food retail.
Imagine a world where smart pantries sense when you are running out of your favourite food and order more of it, without you lifting a finger. Where intelligent robots roam your grocery store, ever at your service. Where dynamic food pricing changes minute-to-minute depending on the weather outside, or what the store down the road is offering.
The arrival of online food delivery platforms, bringing greater choice and convenience, has revolutionized the way we purchase and consume food. The capability of ordering food for delivery with a single tap of your mobile phone, whether it be your weekly supply, a meal box or a hot and ready to eat meal is the result of a series of technological and digital innovations that have as yet to run their full course.
There has been a lot of noise on cryptocurrencies and Bitcoin of late. While some suggest cryptocurrencies are a fraud, others believe them to be the next biggest economic revolution the world has seen since the internet. Bitcoin has brought to light blockchain technology, which offers great potential for food safety and verification in the agrifood sector. Yet it is far from being the panacea for a range of issues affecting the industry — at least for now.
The exponential growth in home food delivery is changing not only the way we purchase and consume food, it is also changing the way Restaurants and Food Retailers design and build their restaurants and shops.
Amazon, without doubt, has been broadening the reach of the world's most advanced logistics platform and is now sharpening its focus on food. Food management (production, packaging, service, delivery, etc) is however a very complex business and Amazon's recent closure of its restaurant delivery service in the UK is very likely to be a full acknowledgment of this.