After a decades-long decline, investment in food and beverage is showing signs of recovery, with technology front and centre.

And the shift is far from small, with new data from Infor showing that 77% of global organisations plan to increase spending on technology by 20% or more.

“We are seeing a surge in tech investment in food and beverage,” says Mikael Bengtsson, industry and solution strategy director for food and beverage at Infor. “This is being driven by the wave of change and ongoing unpredictability that the industry is facing.”

These changes include rising energy costs and spiralling ingredients prices, meaning manufacturers are searching for ways to streamline operations and drive down expenses.