Due to persistent inflation and consumers increasingly prioritizing value while reducing spending, food and beverage companies experienced a slowdown in shipment volumes. Specifically, alcoholic beverages and packaged foods saw a decline of over 8% and 9% compared to the previous year, respectively.
In times of uncertainty, the best guide is to analyze historical trends to project future outcomes, helping make better decisions. To that end, FourKites analyzed proprietary data from over 1,500 global shippers to reveal the forces shaping F&B shipping.
Download this short report to examine the latest data and learn:
- How is shifting consumer behavior impacting F&B shippers?
- What effect does adding AI have on the future of logistics?
- With rising inflation, will sustainability remain a priority?