Technology has had a tremendous impact on small businesses and those in the food industry are no exception.  It is a tremendous challenge for owners to keep up with global trends while remaining authentic and true to their vision.  While there is no substitute for a quality product there are several technologies that small business owners can take advantage of to remain competitive.  Quality, health and convenience are the focus of food industry innovation.  There are certain trends that are now becoming standard and have grown to be expected by consumers.  As the owner of a small business your ability to lead your company into the future largely depends on your willingness to adapt.  Here we’ve outlined some of the food industry technology trends.

Online/Mobile Ordering

The convenience and ease of online and mobile ordering services have made it a near requirement for small businesses to compete.  There are several apps that can be used to accept your orders or you may consider having one designed specifically for your company.  Online ordering can separate you from other businesses and it can also be detrimental to the bottom line for those that choose not to offer it.  Not only does this type of technology save time for consumers it can cut costs for owners as it cuts down on the manpower required to keep up with incoming orders.

Equipment

Energy efficiency, reliability and versatility are hallmarks of new equipment technology being introduced to the food industry.  With an increase focus on businesses becoming green, manufacturers are beginning to develop products that use less energy, last longer and can be used for a variety of different tasks.  This technology can save business owners money, space and aggravation.  Updating your equipment with energy efficient models also provides you the ability to market yourself as a green business.  This has the potential to bring in an entirely new customer base for your organization.

Organic Farming

Advancements in farming equipment and techniques have made organic food less expensive and more readily available. Consumers have become increasingly health conscious, and using quality, natural ingredients is a must for those in the food industry. Patrons are aware of the health risks involved with pesticides, hormones and other chemicals being used to raise and grow their food.  The expense of upgrading your ingredients is well worth it as organic foods tend to be more rich and flavorful.  When it comes to surviving the food industry, quality is king.

Old Techniques

While new technology consumes the minds of many small business owners the use of ancient and traditional techniques has come into fashion.  Old school practices used for making cheese, bread, beer and wine are starting to be recognized for the superior quality they provide.  Mastering these techniques can take some learning and may require you to purchase antique equipment.  The results will provide your customers with artisanal dishes that breed brand loyalty.

Funding

Merchant cash advances can offer businesses a significant amount of capital if they have a strong sales history. Repayment is a fixed percentage of daily sales, so when you have slower days, you pay less. Those with credit ratings too low to get a traditional bank loan can still qualify for a merchant cash advance. Quikstone Capital Solutions specializes in helping small businesses thrive in an ever changing business world. 

For ideas on how to grow your restaurant download our FREE Restaurant Investment Guide.

For ideas on how to grow your bakery download our FREE Bakery Investment Guide.