As a result of the pandemic, it’s been a roller coaster year for all players in the beverage industry, which could make it difficult for operations to decide when — or if — facility expansion is the right move. However, others are pressing on, doing so strategically to optimize new facility efficiency and mitigate any risks.
In its annual review of total capital projects in North America’s food and beverage sector, released in January, Jacksonville, Fla.-based market intelligence firm SalesLeads reported that there were 872 food and beverage facility projects in 2020, which was down 9% from 2019, likely the result of changes in capital spending plans.