In this article, the businessman Juan José Gutiérrez Mayorga will share with you the World’s Prominent Food Tech Companies so you can understand the best strategies for your own business.
Amazon
Amazon accounts for a major share in the food tech market as the e-commerce giant is setting pace of innovation and intensifying the competition in retail, logistics, and delivery sectors. Over the recent years, Amazon has bought Whole Foods, started food and grocery delivery, and is actively revolutionizing convenience stores.
Amazon has also placed its own meat kits into renowned retail stores and has launched its own delivery robot. In March 2020, Amazon forayed into the Indian food tech industry by launching a food delivery service that would be a part of Amazon’s Prime Now or Amazon Fresh platform.
Amazon Fresh is a subsidiary of the e-commerce giant which offers grocery delivery in major cities of the United States, Berlin, London, Milan, Tokyo, Munich, and India, among others. In 2020, Amazon also announced the launch of physical stores of Amazon Fresh across the United States.
McDonald’s Coporation
McDonald’s Corporation is a fast food company headquartered in Chicago, Illinois and is the largest restaurant chain in the world in terms of revenue. In 2019, the fast-food behemoth introduced AI technology to improve the efficiency of ordering processes and eliminate the need for human servers.
McDonald’s has also invested in technology that will automatically restructure menu panels in drive-through according to weather. For instance, it will suggest McFlurry ice cream on hot summer days or inform customers about the popular items on menu that day.
McComick
McCormick & Co. is a U.S.-based multinational food company focusing on the manufacturing, commercialization, and distribution of spices, condiments, and other flavoring products to retailers, foodservice businesses, and food manufacturers. In 2019, the company announced a partnership with IBM to develop an Artificial Intelligence (AI) system to analyze and assess massive dataset to develop new flavor combinations and seasonings.
Incorporation of AI will enable product developers to quickly and efficiently learn and predict new flavor combinations from data points collected from sensory science, consumer preference, and flavor palettes.
Domino’s Pizza
Domino’s Pizza, Inc. is an American multinational pizza restaurant chain catering to various countries across the globe. Over the years, Domino’s has integrated new and innovative ways to deliver pizza to its customers. The company employs new technologies such as voice automation, autonomous delivery, GPS driver tracking, and other advanced technologies.
Improvements in technology used by the company enabled it to establish itself as an innovator in the food tech industry. Text ordering, Twitter ordering, ordering by smartwatch, and Domino’s tracker enabled the company to gain a robust footing in the market.
Delivery Hero
Delivery Hero SE is a European multinational online food delivery service that is based in Germany and operates in over 40 countries across Europe, Asia, Latin America, and the Middle East. Delivery Hero, over the recent past, has expanded its offering from just food delivery to quick commerce service, which delivers small orders within an hour.
The company promotes delivery service through website or app to help customers search for their favorite foods easily and conveniently from anywhere.
DoorDash, Inc. is an online food catering and delivery platform based in San Francisco, United States. DoorDash accounts for nearly 56% of the total revenue share in the food tech industry and is the largest food delivery company in the United States.
DoorDash empowers local businesses and facilitates door-to-door delivery to better connect people and restaurants. In 2020, the company went public though an IPO and raised USD 3.37 Billion.
Grubhub
Grubhub is an Americal online and mobile food ordering and delivery platform that efficiently connects diners and local restaurants. In 2020, the company introduce tech for restaurants that was aimed at increasing convenience of customer pickup orders.
Ultimate, the digital platform introduced by Grubhub, enables users to place pickup orders through Grubhub app and offers software and hardware services to restaurants to better manage the orders.
The Ultimate technology aims to replace the error-prone handwritten scribbles and effectively connects front- and back-of-the house with diners to increase its transparency.
Pizza Hut
The American restaurant chain, Pizza Hut, has over 18,700 restaurants across the globe and is the largest pizza chain in the world in terms of number of locations.
Pizza Hut is a global leader in technology innovation and delivery aspects. The restaurant chain piloted a program with FedEx SameDay Bot, which is an autonomous delivery device.
Pizza Hut also launched a mobile-based order navigation platform that enables customers to track their orders from oven to door-step delivery.
Beyond Meat
Beyond Meat, based in Los Angeles, is a leading producer of plant-based meat substitutes and offers a wide range of products as an alternative to beef, meatballs, ground meat, and pork sausage.
The company has an excellent R&D department for tech, health, and chemistry to enhance the flavor and make Beyond Meat products taste exactly like the meat alternative.
Impossible foods
Impossible Foods, Inc. is a California-based food technology firm that develops and produces plant-based substitutes for meat products.
Impossible Foods use leghemoglobin molecule found in roots of soy plants to replace heme, which is a key factor in meat.
The company operates with a diverse team of physicians, biochemists, physicists, and food developers to develop flavors and identify plant ingredients that behave the same way as meat. In 2020, the company raised USD 200 Million in a financing round led by investor Coatue.
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