2014 food and beverage manufacturing survey: 3 key insights


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Food and beverage manufacturers are optimistic about 2014, but shy away from a major boost to their hiring and capital spending plans. Grant Thornton and Food Processing magazine’s 2014 Annual Food and Beverage Manufacturing Trends Survey also revealed increased throughput growth and renewed interest in sustainable manufacturing practices. This infographic highlights Food Safety Modernization Act (FSMA) compliance and green manufacturing as two emerging issues from the 2014 survey. See the full survey: http://gt-us.co/1gxGMvZ

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2014 food and beverage manufacturing survey: 3 key insights

  1. 1. 2014 Annual Food and Beverage Manufacturing Trends Survey 3 KEY INSIGHTS Top 3 energy management strategies 7 cost-effective ways to “green” your facilities 1. Use automatic or motion-activated lights 2. Switch to LED light bulbs 3. Train employees on reducing waste 4. Partner with local greenhouses that may use your waste for composting 5. Replace air conditioning units with high-volume, low-speed ceiling fans 6. Control pests with organic repellents 7. Consolidate your shipping methods 27%Energy audits Amid optimism, hiring and spending are trailing optimistic about 2014 up sharply from 60% last year planning to hire new staff down from 37% last year projecting capital spending increase up slightly from 35% last year 67% 31% 37% Dexter Manning National Leader Food and Beverage Practice “A bumper corn crop and more stable commodity prices are reenergizing the industry outlook.” FSMA compliance: Start preparing now think their Hazard Analysis and Critical Control Points (HACCP) plans may not be rigorous enough have not assessed FSMA’s impact on operations Top 5 food safety and sanitation practices Employee training HACCP plan Third-party certification Improved sanitary equipment Improved pest control 70% 49% 45% 35% 34% Tony Perazzo Audit Partner Food and Beverage Practice “Two things you should start doing right now: Document your risk assessment processes and prepare for new audit requirements.” 1 in 8 1 in 10 Green manufacturing is here to stay About the survey The year’s survey involved 148 Food Processing magazine readers who responded to an invitation to complete the web-based questionnaire in late November and early December 2013. Respondents represent a wide spectrum of food processing sectors, with the greatest concentration (12%) in meat/poultry/seafood and 7% each from baked goods, dairy, and further processed and specialty foods. One in eight respondents work at facilities with headcounts of more than 500, with the rest evenly split between plants with 101–500 workers and those with 100 or fewer. Content in this publication is not intended to answer specific questions or suggest suitability of action in a particular case. For additional information on the issues discussed, consult a Grant Thornton LLP client service partner or another qualified professional. © 2014 Grant Thornton LLP | All rights reserved | U.S. member firm of Grant Thornton International Ltd 45%are actively engaged in conservation Dexter Manning National Leader Food and Beverage Practice “Sustainability is an investment that will save you money.” Recycling energy/ cogeneration 22% Negotiating with energy providers 17%