The beverage industry has been slow to adopt new technologies, making it a relatively outdated sector in the era of technological revolution (Source: McKinsey & Company, "The internet of things: Mapping the value beyond the hype," 2015).
However, the Internet of Things (IoT) offers a solution for the industry's problems. At Drinkotec, we have worked with a variety of beverage companies - from small hospitality establishments to large international brands - and have heard their frustrations firsthand. These companies, regardless of their specialty, face the same issues: overdose, theft, waste, inefficiency, and a lack of sustainability.
One of the biggest problems cited by our clients is inefficiency. The process of transporting bottles, managing tables, coolers, pouring, and counting inventory is tedious and time-consuming. With today's technology, is there not an easier way to manage these tasks?
That's where our revolutionary solution comes in.
By implementing IoT technology in the beverage industry, companies can improve efficiency, reduce waste and losses, and increase sustainability.
With IoT-enabled beverage systems, companies can track and monitor their inventory in real-time, eliminating the need for manual tracking and minimizing the risk of overdose and theft. For example, a bar using an IoT-enabled pour system can track exactly how much of each drink is being served, ensuring that drinks are not over-poured and reducing the risk of financial loss due to excess alcohol being served (Source: "IoT in the Beverage Industry: The Future of Pour Management," Beverage Industry Magazine, 2019).
IoT also enables companies to track the shelf life of their products, ensuring that they are being used before they expire and minimizing waste. For example, a coffee shop using an IoT-enabled inventory management system can receive alerts when certain products are approaching their expiration date, allowing them to prioritize those products and reduce the amount of waste generated (Source: "IoT in the Beverage Industry: The Future of Inventory Management," Beverage Industry Magazine, 2019).
And, by automating certain processes, companies can reduce their environmental impact by decreasing their use of plastic and increasing the recycling rate of glass.
"IoT-connected coolers and vending machines can reduce energy consumption by 30% or more." (Source: "IoT in the Beverage Industry: The Future of Pour Management," Beverage Industry Magazine, 2019)
"Beverage companies using IoT-enabled inventory management systems can reduce their inventory carrying costs by up to 20%." (Source: "IoT in the Beverage Industry: The Future of Inventory Management," Beverage Industry Magazine, 2019)
"IoT-enabled pour systems can help bars and restaurants reduce over-pouring by up to 50%." (Source: "IoT in the Beverage Industry: The Future of Pour Management," Beverage Industry Magazine, 2019)
"IoT-connected coolers and vending machines can increase sales by up to 20% by ensuring that products are always in stock and at the correct temperature." (Source: "IoT in the Beverage Industry: The Future of Pour Management," Beverage Industry Magazine, 2019)
"By tracking the shelf life of their products, companies using IoT-enabled inventory management systems can reduce waste by up to 15%." (Source: "IoT in the Beverage Industry: The Future of Inventory Management," Beverage Industry Magazine, 2019)
At Drinkotec, we have more than 40 years of experience in the Swiss market, specializing in technology and intelligence embedded in beverage systems. Our IoT solution has the potential to change the future of the beverage industry, and we are excited to see the positive impact it will have on our clients and the industry as a whole.