Food Industry Overview - Trends
"This document is not an official pronouncement of the law or the position of the Service and cannot be used, or cited, or relied upon as such."
Beginning in the early 1980’s, there has been extensive merger and acquisition activity in the food and beverage industry. Many companies are selling specific brands to competitors in an effort to get back to its “core business”. Several food and beverage manufacturers have spun off their restaurant businesses.
There is also a trend in the food and beverage industry to get to a paperless inventory system. With the improvements in scanning equipment this is made possible. In many instances ordering, delivery, payment and stocking is all initiated and accomplished by software prompted by information captured by scanning equipment with very little human involvement.
Franchising continues to flourish in the restaurant and food distribution segments.