Food and beverage industry in Singapore
Singapore is a famous food capital in Asia. The food services industry plays a vital role in our economy. The industry contributed 0.8% of Singapore’s GDP and employed about 180,000 workers in 2016. The global food and beverages (F&B) market is growing exponentially along with the growth in urban populations worldwide. Besides buying more food, discerning diners are driving demand for better food which are safe, natural and healthy. In addition, automation and artificial intelligence are leaving their mark on the industry. Competition is rife in F&B industries everywhere. But the industry is also full of potential and opportunities for innovative and nimble players if you can catch the trends. Increasingly, local food companies are using technology to operate more efficiently. Diners can now order food on mobile devices and tablets, pay for it digitally, among other innovative solutions. Adopting tech will help you level up your services in the highly competitive food industry.