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For food and beverage companies, innovation is the process of driving product development to meet ever-changing consumer needs. Disruption can come from sourcing new, more sustainable and healthy ingredients; from focussing on environmentally friendly packaging, product delivery and cold chain efficiency; and from innovating distribution models and how products are marketed and sold.
The UK’s grocery market is worth an annual £200bn. Unsurprisingly, this breeds fierce competition, driving innovation and offering the consumer choice, value for money and convenience. It also prompts M&A activity when major retailers look to find new economies of scale.
The future of shopping is being shaped in its supply chains through use of IT systems, artificial intelligence, robotics and automation. The recent emergence of online shopping will change the industry through new internet technologies and the ability to efficiently automate fulfilment and distribution.
TTP collaborates with clients to develop food production processes that improve efficiency and increase food safety standards. It also creates new methods of food preparation and product delivery that in turn respond to market drivers such as premiumisation, convenience and control.
Consumer health is a fast-growing sector where technology plays an increasingly important role in empowering consumers to support their own physical and emotional wellbeing.
Haptics and visualisation have changed the way we engage with information, offering richer experiences and improving our ability to execute challenging tasks.
Greater social mobility, consumer diversity and higher levels of disposable income have prompted innovation opportunities across the personal care industry. The key trends favour more sustainable and organic source materials and mass customisation, offering consumers a choice based on their lifestyle, demographic and aspirations.
The Internet of Things is invisibly changing the way we interact with products and services by restructuring legacy business models and replacing them with new ones.