Blog – Food and Beverage – Analysis and Commentary – October 2021 1. Growth of craft breweries - https://www.beveragedaily.com/Article/2018/12/06/EU-beer-statistics-Microbreweries-and-craft-beer-provide-big-boost 2. Aquaculture - https://ideas4development.org/en/aquaculture-food-security/ 3. Food security - https://www.rmotoday.com/opinion/commentary-food-security-continues-to-impact-canadians-4326165 4. Vertical farming – https://thecorporatemagazine.com/vertical-farming-could-help-solve-the-food-supply-chain-problem/ 5. Innovation - https://www.gray.com/insights/eight-key-food-beverage-trends-for-2021/ 6. Data and AI - https://www.apacciooutlook.com/news/how-big-data-analytics-revolutionizes-food-and-beverage-industry-nwid-8463.html 7. Supply chain - https://www.foodlogistics.com/sustainability/carbon-footprint/article/21710036/logility-inc-food-and-beverage-supply-chain-sustainability-is-here-to-stay 8. ESG - https://shareaction.org/news/investors-waking-up-to-the-need-for-esg-overhaul-on-health 9. Commodity index - https://www.agweb.com/markets/futures 10. Innovation - https://www.ey.com/en_ca/consumer-products-retail/create-long-term-value-in-a-reimagined-food-system?WT.mc_id=10815359&AA.tsrc=paidsearch&gclid=CjwKCAjwzOqKBhAWEiwArQGwaPSxlWmoIlkKvVciBZBpB8YeGRftT78bxrUlHhlbLjmAMdd_OM9vzxoCuksQAvD_BwE

1. FOOD AND BEVERAGE –
ANALYSIS AND
COMMENTARY – OCTOBER
2021
BY: PAUL YOUNG, CPA, CGA
OCTOBER 4, 2021

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and
MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• GDP / Food and Beverage Manufacturing
• Sales – Alcohol
• Global Spirit Market
• Top Alcohol Stocks
• Automation
• Blog – Hospitality Sector
• Blog – Food Waste
• Reporting

4. GDP / FOOD MANUFACTURING AND
PROCESSING

5. SALES –
ALCOHOL
Source -
https://www.statista.com/stati
stics/461798/monthly-retail-
sales-of-beer-wine-and-
liquor-stores-canada/

6. GLOBAL SPIRIT MARKET
Source - https://www.marketwatch.com/press-release/premium-
spirit-market-will-reach-us-23574-bn-by-2027-2021-06-

7. TOP ALCOHOL STOCKS
Source - https://www.suredividend.com/alcohol-stocks/

8. AUTOMATION
1. RPA/Robots - https://www.syfy.com/syfywire/heineken-bot-robot-beer-cooler-on-wheels
2. AI / Beverage - https://www.cioadvisorapac.com/news/how-ai-and-ml-can-impact-the-food-
and-beverage-industry--nwid-2589.html
3. Digital transformation - https://www.cioreview.com/news/how-digital-transformation-benefits-
the-food-and-beverage-industry-nid-33964-cid-29.html
4. Augment reality - http://thefoodbeveragenews.com/766/wide-applications-of-ai-in-retail-to-
augment-the-growth-of-global-artificial-intelligence-in-retail-market/
5. Robots - https://www.fastcasual.com/news/miso-robotics-teams-with-lancer-on-automated-
beverage-dispenser/

9. BLOG – HOSPITALITY SECTOR
• - More and more restaurants are moving to a ghost restaurant model
• - Millennials continue to spend more money on dining out
• - Restaurants continue to look at moving to zero waste!
• https://www.slideshare.net/paulyoungcga/hospitality-and-food-service-sector-canada-april-2021

10. Blog – Environmental Policies – Reducing Food Waste
On January 11, United Natural Foods (UNFI) released its "2020 Environmental, Social, and Governance Report,"
highlighting the company’s commitments to global social and environmental issues. In that report, the
Providence, Rhode Island-based company outlined its data-driven goals for the next decade, the biggest of
which is a 50% reduction in its food waste by 2025.
 Deriving 20% of its electricity from renewables by 2023
 Sending zero waste to landfills from distribution center operations by 2030
 Reducing its distribution center energy intensity by 30% by 2030
 Donating 250 million pounds of food by 2030
 Logging 200,000 employee volunteer hours by 2030
Source - https://www.thomasnet.com/insights/major-u-s-food-wholesaler-aims-to-reduce-food-waste-by-50-
by-2025/?ecms_id=48dff3b0-015d-49bb-8d78-
6189a12e8a3e&ecms_short=ART4372&doc_type=ted_article&sponsored=&acct=&parent_id=49959933-0311-
4f1e-b07e-
0f203efc96d3&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thoma
s_industry_update&campaign_name=tiu210201&utm_campaign=tiu210201&utm_medium=email&utm_source
=thomas_industry_update&tinid=221763045

11. FOOD AND AG SECTOR
Blog – Agriculture – What is next?
Food costs continue to plague Canada and the world. https://www.bloomberg.com/news/articles/2021-09-
20/surging-fertilizer-costs-risk-making-food-even-pricier-next-year or
https://www.bloomberg.com/news/articles/2021-09-15/priciest-food-since-1970s-is-a-big-challenge-for-
governments or https://www.axios.com/global-food-prices-spiking-4c2fe588-8e6e-44e7-93a6-97495ccdea21.html
Canada despite its large agricultural economy still trails other countries when it comes reducing the issues with food
security - https://www.weforum.org/agenda/2021/03/countries-food-security-index-ranked-chart/
My work about the AG and Farming Sector - https://www.slideshare.net/paulyoungcga/agriculture-and-farm-
equipment-sector-july-2021

12. CORPORATE REPORTING CHALLENGES
• Automation of internal audit through audit and risk analytics
• Mitigation of risk through better risk management reporting
• Preparing environmental, social, and governance reporting
• Streamlining of the close, consolidate, and reporting cycle
• Streamlining tax and other regulatory filings
• Working with big data and AI
• Moving towards hybrid cloud
• Moving reporting to real-time processing
• Link – Global Accounting Standards - https://ibm.box.com/s/x973uioy6ozwkzw7yvqaa07wdldp8gld
• Link – ESG Reporting – https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
• Link – Audit - https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
• Link - Close, consolidate, and reporting - https://ibm.box.com/s/i7efp948qvb5l8bt96y8sigsup8yes2u

13. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning
and, development then
feel free to review my
material on
https://www.udemy.com
/ (search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to
economy including
government policies