Lean in the F&B industry aims to increase the efficiency of processes, reduces stock and the cost of the supply chain. In the background, operations increases the freshness of the products and ensures maximum seating, space and staff utilization by maintaining the best customer experience.
Modern life is frenetic, more and more people grab a quick bite during their lunch break and are too tired to cook at the end of a working day preferring to order food from home delivery services or dine at a restaurant. F&B industry produces more than 100 Million meals per day across the world, people from developed countries spend on average 4% to 7% of their income in F&B representing an attractive market, however competition is strong and companies need to differentiate and/or follow the latest trends (e.g. organic food, vegan food, regional cuisine, ‘home made’ cooking etc) while keeping the standards high both in terms of quality of products and speed of service at the right price.
12/20
Four Principles, the leading Lean Management consulting firm in the GCC, today announced a partnership with Alpha Capital, one of the fastest growing Asset Managers in Saudi Arabia, to accelerate the efficiencies and growth of portfolio companies listed under its newly launched F&B Growth fund.