FOOD & BEVERAGE


financing sources, such as Smart Financing, in order to preserve existing lines of credit. New financing models to enable technology and equipment investment are often aligned to business outcomes, to integrate financing closely with the expected rate of return-on-investment delivered through the benefits of retrofitting existing installations and/or adopting new agile, digitalised technologies.


“The flexibility offered by upgrading existing platforms through retrofitting automation, or digitalization can be a significant competitive differentiator during this crisis,” says Brian Foster, head of industry finance, Siemens Financial Services. “The ability to adapt swiftly and intelligently to rapidly changing markets remains an urgent need for businesses of all sizes. Smart finance enables sustainable investment based on clearly identified desired business outcomes for F&B manufacturers, facilitating access to the right technology and services with expert support from a specialist financier.”


METHODOLOGY


SFS has developed a model which conservatively estimates the size of the investment challenge faced by the Global Food and Beverage manufacturing industry as it seeks to digitally transform – even through the current economic difficulties. The model takes a variety of analyst predictions of the value of the Global Food & Beverage Industry’s investment in digital transformation for the five-year period 2020-2024 inclusive. The resulting figure is then adjusted by the proportion of digital transformation solutions that the Global Food & Beverage industry is already acquiring through smart finance. Additionally, the estimate is reduced to just half of the ‘available market’, to give a highly conservative view of the sheer scale of investment required even to reach 50 per cent market penetration.


For further information, please see: www.siemens.com/new-challenge-food-and-beverage Siemens Financial Services www.new.siemens.com/uk/en/products/financing


FACTORY&HANDLINGSOLUTIONS | SEPTEMBER 2020 23


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52