About this event
The global foods and beverage market was worth 281.14 billion USD in 2021. The market is predicted to grow at a compound annual growth rate of about 9.5 percent between 2021 and 2028. But the rising global inflation is reducing the profit margins for the manufacturers. Our customer National Foods could save 20% of their operational costs and up to 40% of their energy consumption in a comprehensive IIoT rollout in their factories. We have deployed IIoT on their packaging machines, oil tanks, energy meters, office areas, water tanks - hence a complete digital transformation of the factory using IIoT. The operational transparency helped them optimize the processes, stop or minimize the leakages, redirect human resource to productive tasks. In all the savings have helped them to redirect funds in new investments and innovation.
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