Here is a brief look at the food beverage sector

1. FOOD AND BEVERAGE –
LIQUOR, SPIRITS AND BEER
BY: PAUL YOUNG, CPA, CGA
JULY 12, 2021

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and
MS2)
• 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
• SME – Internal Controls and Auditing
Contact information: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga

3. AGENDA
• Sales – Alcohol
• Global Spirit Market
• Top Alcohol Stocks
• Automation
• Blog – Hospitality Sector
• Reporting

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

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

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

7. 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/

8. 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

9. 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

10. 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