New product development - Articles - Page 2

Beverage Beat

Artificial intelligence can inspire next-generation beverages

Cocktails, consumer engagement aspect influenced by AI

September 19, 2023

With the global artificial intelligence (AI) market size to grow from $86.9 billion in 2022 to $407 billion by 2027, beverage-makers can find ways to use AI to strengthen their business.

Beverage Beat

Beverage innovations embrace the unconventional

Mintel names space inspiration among trends to watch

Jessica Jacobsen

December 14, 2022

As consumers embrace unconventionality, beverage-makers are developing new products that support that sentiment. Trends reports show that inspiration even is coming from outside the planet.

Experts point to AI for the future of new product development

Consumer-centric approach allows brands to create successful, efficient products

Jessica Jacobsen

August 31, 2022

With consumers demanding more from their beverages, brand owners are employing a myriad of concepts to help the next generation of new products succeed.

Arpac Model 45TW-28 Tray Shrink Wrapper and Heat Tunnel

Operations

Revamped equipment saves beverage manufacturers time, money

Pandemic contributes to demand for refurbished equipment

Sarah Graybill

August 2, 2021

Consumers’ demands have caused manufacturers to need updated equipment capabilities. However, halted manufacturing due to the pandemic caused a roadblock. Enter refurbished equipment, a lower-cost, more quickly available solution.

Supplement: Special Report

Expanding business through new product development

What to consider when assessing new product expansions

September 7, 2020

With the right processes in place, new product development is a highly effective way to scale your business.

Market Insights

Don’t wait out pandemic to start new product development

Beverage entrepreneurs still can accomplish steps to help create new brands

Bill Sipper

May 27, 2020

Many entrepreneurs who have great new food and beverage ideas are waiting to see what happens with COVID-19, but that might not be best approach when looking at the traditional timeline.

Nestlé USA takes multi-pronged approach to new product development

Beverage manufacturers addresses protein, cold-brew coffee trends

Jessica Jacobsen

April 2, 2020

During his lifetime, Apple Co-founder Steve Jobs had a bevy of statements that have been used to inspire entrepreneurs across the globe. One that is commonly referenced is when he stated, “I want to put a ding in the universe.” In the beverage industry, innovators are leaving their mark by creating a more convenient universe through new product development.

Operations Perspective

SKUs have domino effect on beverage supply chain process

Ingredients, packaging and warehousing feel effects of SKU proliferation

John Peter Koss

March 23, 2020

In the beverage industry, SKUs have been and will continue to be one of the major operating issues in the supply chain. Yet, one can ask, why are SKUs so important, why do they top the list of challenges and how are they handled and controlled in real time?

Ignite International Brands adds beverage division

IGNITE Beverages will focus on innovative, premium-beverage development

January 20, 2020

Ignite International Brands Ltd., Vaughn, Ontario, announced the expansion of its product offerings with the formation of a new division: IGNITE Beverages.

AQUA KEFIR, a line of sparkling probiotic beverages.

New product development addresses numerous functional beverage trends

Experts anticipate increased fortification with digestive-, cognitive-supporting ingredients

Jessica Jacobsen

January 15, 2020

With beverage-makers increasingly seeking ingredients that deliver a specific function, the functional beverage market is addressing a wide range of product attributes, experts note.