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Current Trends > Semi-Final > Flashcards

Semi-Final Flashcards

1
Q

Food and beverages trends 2017 competitive marketplace

A

Chanting customer needs
Understanding millenial preferences
Leveraging key technology strategies
Mindful of strategic acquisitions

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2
Q

2017 trends and issues in food and beverage industry

A 
Changing customer preferences
Mergers and acquisitions
Food safety
Ecommerce
Sustainability
Technology
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3
Q

The demand for online grocery and subscription food services will continue to grow in 2017

A

Ecommerce

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4
Q

Spicy and exotic flavors, snacking and health and wellness are all at the forefront for consumer food preferences in 2017

A

Changing customer preferences

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5
Q

In recent years, consumer confidence in the safety of the U.S. Food supply has declined

A

Food safety

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6
Q

The millenial generation is frequently driving those choice options with their adventurous palates

A

Changing customer preference

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7
Q

Busy consumers show their preference for doorstep delivery

A

Ecommerce

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8
Q

Many companies in 2017 will add new product lines or introduce healthier products and ingredients to their existing foods and drinks

A

Mergers and acquisitions

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9
Q

Fresh product delivery will grown in demand as well, like Amazon’s Fresh service providing on-demand fresh vegetables, fruits and more

A

Ecommerce

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10
Q

Rather than developing these newer products and within the business’ existing operations

A

Mergers and Acquistions

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11
Q

According to recent International Food Information Council Foundation’s food and Health survey, more than 70% of Americans have expressed concerns about the safe production of their food and beverage and approximately 40% of consume changed their diet because of the perceived food-safety issue

A

Food safety

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12
Q

More and more, we are seeing companies acquire businesses that are producing the type of foods or ingredients they’re looking for

A

Mergers and acquisitions

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13
Q

More and more consumers, particularly Millenials want to know their food producers are green, charitable with their excess product, control their water consumption, use alternative energies like solar power, and reduce wasteful packaging and more

A

Food sustainability

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14
Q

Current trends in Transportation

A 
The modern consumer
Driverless technology/Autonomous Driving
Rise in E-commerce
Automated Delivery of Goods
TMS
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15
Q

Current issues in Transportation

A 
Fuel costs
Environmental issues
Improved customer service
Business process improvement
Technology strategy and implementation
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16
Q

Those who have grown up in the age of Amazon, Lazada, OLX and Ebay have an inherent desire to receive goods and services instantly

A

The modern consumer

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17
Q

Putting increased pressure on transportation and logistics companies to deliver goods exceptionally fast, and at the lowest price.

A

The modern consumer

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18
Q

While the industry understands and supports many of the benefits of these technologies, some questions remain as to how they will pay for it and who will help implement the improvements.



A

Technology strategy and implementation

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19
Q

It essentially facilitates planning, monitoring and controlling traffic

A

TMS

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20
Q

In order to realize the maximum benefit of existing infrastructure and provide highly reliable and secure mode of transport and pay heed to environmental concerns among consumers.

A

TMS

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21
Q

TMS

A

Traffic Management System

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22
Q

Road infrastructure is of poor quality and hence already diminishing non-renewable petroleum resources are exhausted in a staggering manner.

A

Business process improvement

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23
Q

Taking advantage of these new opportunities sounds enticing but adoption and onboarding can be overwhelming

A

Business process improvement

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24
Q

In addition, the movement toward automation is drastically improving productivity.

A

Automated Delivery of Goods

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25
Q

These automated solutions have the potential to increase safety, reduce risk, and significantly increase efficiency.

A

Automated Delivery of Goods

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26
Q

Customers want full transparency into where their delivery is at all times.

A

Improved customer service

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27
Q

These days, the location of a package is as interconnected as your social network.

A

Improved customer service

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28
Q

In fact, as customer expectations have increased, their willingness to pay for fast shipping has decreased with just about 64 percent of consumers unwilling to pay anything extra for less than two-day shipping.




A

Improved customer service

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29
Q

Increasing consumer demands are fueled by the explosive growth of ecommerce.

A

Rise in e-commerce

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30
Q

Moreover, the phone is becoming the primary shopping device of consumers

A

Rise in E-commerce

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31
Q

According to PwC, meaning that they can literally shop anytime, anywhere.

A

Rise in E-commerce

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32
Q

The anti-idling and other emission reduction regulations brought about by state and local governments has created concern that the compliance costs could exceed benefits

A

Environmental Issues

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33
Q

Advancements intechnology has given birth to driverless vehicle software, which aims at redesigning the existing fleet with self-navigating equipment and sensors.

A

Autonomous Cars and Self Driving Vehicles/Driverless technology

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34
Q

But as of today, these vehicles are not permitted on the road without a driver. Therefore, companies are developing driverless software, which will make autonomous driving a reality in the next few years.

A

Autonomous Cars and Self Driving Vehicles/Driverless technology

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35
Q

Uber, Lyft and Grub to name a few use GPS apps such as Waze or HereMaps.

A

Autonomous Cars and Self Driving Vehicles/Driverless technology

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36
Q

Improvement and opportunities

A

Constraints and challenges

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37
Q

Flexibility of the MB-Wifi and smartphone compatibility

A

Cellphone and smartphone

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38
Q

Purchasing of COD and Credit cards

A

Safety and security

39
Q

COD

A

Cash on Delivery

40
Q

Danger

A

Hacking

41
Q

Separate card for online shopping/virtual purchases

A

Banks

42
Q

Account is the same and cash limit

A

Banks

43
Q

Lazada how many days delivery earlier than expected

A

Faster delivery

44
Q

Form with centers accredited by Lazada no charges

A

Return policy

45
Q

Makes sure it is receiving the item

A

COD

46
Q

Tied up

A

7/11
PayPal
Western union
Cash centers

47
Q

Robotics

A

Driverless technology

48
Q

Examples of driverless technology

A

Toyota and Mercedes Benz

49
Q

Set destination

A

Driverless technology

50
Q

Not perfected the autonomous driving

A

Need human input

51
Q

Slow wifi connection

A

Waze

52
Q

Minimize pollution

A

Autonomous driving

53
Q

Certain time or else food is free

A

Delivery of food

54
Q

Advancement in technology: military vehicle/warfare

A

FD50 jet planes in Russia

Home based in Subic and Pampanga

55
Q

Lessening issues of terrorism:peace and order

A

Body camera

Duterte

56
Q

Sugarcanes covert into biofuel used by the transportation facilities

A

Utilizing natural resources

Tarlac and Nieva Ecija

57
Q

Convert water into fuel

A

Toyota experiments

58
Q

Filipino engineer who claimed to have invented a “hydrogen reactor” able to power a water-fuelled car.

A

Daniel Dingle

59
Q

Don’t have budget to support the project

A

Department of Science and Technology

60
Q

Sold in

A

Japan

61
Q

Scientists of Japan

A

1/3 of Filipinos

62
Q

Successful food and beverage businesses will use digital and social platform consumers

A

Technology

63
Q

Providing robust product research avenues, tips, stories and forums and more of the information hungry

A

Technology

64
Q

Other issues in food and beverage Industry

A 
No added preservatives
Healthy and organic products
Going green
Increasing product value
Lesser timeframe for newer products 
Government regulations 
Waste generation
Animal safety
Product traceability
65
Q

The increasing incidences of food-related disorders have prompted consumers to bring about vital changes in their diet and lifestyle making them more health conscious than ever

A

No added preservatives

66
Q

Automatically, the train of thought is diverted towards purchasing foods without added preservatives that might hamper one’s health

A

No added preservatives

67
Q

While processed and ready-to-eat foods were once on top of the supply food chain, this trend does not hold true anymore

A

Healthy and Organic Products

68
Q

People are on the lookout for foods that do not contain artificial ingredients

A

Healthy and Organic products

69
Q

The drastic reduction in the demand for processed foods has fueled the organic market

A

Healthy and organic products

70
Q

Environment-friendliness is the next big mantra out there, Owing to global warming and other issues

A

Going green

71
Q

A product that is deemed to be “eco-friendly” obviously has more chances of a lucrative sale than a product that is assumed to be harmful to the environment

A

Going green

72
Q

It has been observed that consumers gen to purchase products with value addition

A

Increasing product value

73
Q

For instance, products reinforced with proteins, vitamins and other nutrients are more popular and have a better chance of a massive daw fueling the food additives market, which is slated to record a CAGR of more than 5% over 2016-2022

A

Increasing product value

74
Q

Innovation is amongst the tip challenged in food and beverage industry today.

A

Lesser timeframe for newer products

75
Q

To combat fierce completion, manufacturers must come up with innovative products

A

Lesser timeframe for newer products

76
Q

The food safety modernization act was passed by the FDA in January 2011 with a view to reduce discrepancies between within the supply chain, improve food quality and food contamination

A

Product traceability

77
Q

This sector is continuously by organizations such as the FDA, OSHA, FTC and EPA.

A

Government regulations

78
Q

Federal reforms and regulations cover areas of waste disposal, food quality, raw material, surplus production, documentation, etc.

A

Government regulations

79
Q

Continuously changing reforms are likely to pose periodic challenges in food and beverage industry

A

Government regulations

80
Q

The food industry is one that generates ample waste, right from the bottom of the supply chain to the top

A

Waste generation

81
Q

Farmers, grocers, manufacturers e and wholesalers, every one of them generates product waste within the industry, despite technological advancements and the adoption of recycling procedures.

A

Waste generation

82
Q

Manufacturers must combat this challenge in the food and beverage industry with advanced methodologies

A

Waste generation

83
Q

The frowning concern toward animals is ushering in a change for th food patterns of the masses

A

Animal safety

84
Q

With more and more consumers vying for vegetarian and vegan products, the demand for meat and other products has observed a significant decline

A

Animal safety

85
Q

The challenges in food and beverage industry are massive, owing to the ridiculously fierce competition

A

Animal safety

86
Q

A single change is bound to affect the entire supply chain

A

Animal safety

87
Q

Newer markets, changing customer spending, increasing food prices, global appetite and advanced technology are slated to bring about extensive changes in this sector in the next few years

A

Animal safety

88
Q

Despite the current challenges in food and beverage industry, it is predicted to show healthy gains in the future

A

Animal safety

89
Q

The Indian food retail industry, it is expected to register a CAGR of more than 10% over 2016-2020 driven by disposable income levels, changing lifestyles and favorable government reforms

A

Animal safety

90
Q

CAGR

A

Compound Annual Growth Rate

91
Q

Transportation

A

Commercial transport

Public transport

92
Q

FDA

A

Food and Drug Administration

92
Q

OSHA

A

Occupational Safety and Health Administration

93
Q

EPA

A

Environmental Protection Agency

Current Trends (6 decks)

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