Artificial Intelligence
Seasoning And Dressing Global Market Report 2023
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New York, April 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Seasoning And Dressing Global Market Report 2023” – https://www.reportlinker.com/p06284482/?utm_source=GNW
The global seasoning and dressing market grew from $156.5 billion in 2022 to $170.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The seasoning and dressing market is expected to grow to $227.99 billion in 2027 at a CAGR of 7.6%.
The seasoning and dressings market consists of sales of mayonnaise, salad dressing, vinegar, mustard, horseradish, soy sauce, tartar sauce, worcestershire sauce, spices, table salt, natural food colorings, gravy and sauce mixes, frosting mixes, and other seasoning and dressings.The companies in the seasoning and dressing industry process raw materials into seasonings and dressings, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Seasoning is defined as an ingredient that is added to enhance the flavor of food. Dressing is defined as sauces that add flavor to the food that is typically utilized to prepare food or serve with other food dishes.
Asia-Pacific was the largest region in the seasoning and dressing market in 2022.North America was the second-largest region in the seasoning and dressing market.
The regions covered in the seasoning and dressing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main types of seasoning and dressings are seasonings and dressings.Seasoning is the process of adding salt, pepper, or other spices to enhance the flavour of food.
Seasoning and dressings are made available through supermarkets, hypermarkets, convenience stores, e-commerce, and other distribution channels. The seasonings and dressings are used in meat and poultry products, snacks & convenience foods, soups, sauces, and dressings, bakery & confectionery, frozen products, beverages, and other distribution channels.
Many countries across the globe are experiencing falling prices of crops due to overcapacity.This is expected to result in low raw material costs for seasoning and dressing manufacturing companies.
For instance, in November 2022, according to the report Frontline, an India-based national magazine on agriculture, the Cabinet Committee on Economic Affairs announced a bailout package of Rs 7000 crore for farmers involved in the sugar production sectors to fix the minimum selling price of refined sugar at Rs 29 per kilogram (prices dropped to Rs 23-24 recently due to overproduction) and to create a buffer stock of 3 million tonnes of sugar for one year.Thus, the overproduction of certain crops is likely to result in higher profit margins for seasoning and dressing manufacturing companies.
Higher profit margins will enable food and beverage companies to increase their productivity and drive the market going forward.
The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the seasoning and dressing manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing.
The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia.Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers.
As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials.Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline.
The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the seasoning and dressing manufacturing market will recover from the shock over the forecast period as it is a “black swan” event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Seasoning and dressing manufacturing companies are adopting automation and artificial intelligence (AI) technology to maximize production efficiency.Robotic systems automate the batching, conveying, processing, storage, and packaging of products, thus decreasing production cycle time and increasing output.
AI incorporates novelty and creativity into the food by identifying a base formula for a flavour category, AI incorporates novelty and creativity into food.Automation enables seasoning processing companies to improve plant conditions, reduce contamination, and operate with minimal human interaction, thus making processing safer for workers as well as consumers.
Plants with fixed automation systems increase yields by at least 2-3%.Kraft Heinz, Givaudan, McCormick, Ajinomoto, Kikkoman, and Kerry Group are some of the companies that use food automation equipment.
For instance, McCormick, in collaboration with IBM Research, is using AI to create new palatable flavors. Kraft Heinz has invested in robotics and artificial intelligence to implement automation to reduce manufacturing inefficiencies.
The countries covered in the seasoning and dressing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The seasoning and dressings research report is one of a series of new reports that provides seasoning and dressings statistics, including seasoning and dressings industry global market size, regional shares, competitors with seasoning and dressings share, detailed seasoning and dressings segments, market trends and opportunities, and any further data you may need to thrive in the seasoning and dressings industry. This seasoning and dressings research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06284482/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Exiger Launches Proactive Intelligence, Led by Fortune 500 Intelligence and Supply Chain Executive Mary Luciano
Supply chain AI leader introduces new proactive capability, empowering organizations to cut through noise and outpace disruption
WASHINGTON, May 6, 2024 /PRNewswire/ — Exiger, the market-leading supply chain and third-party risk AI company, today launched a new Proactive Intelligence capability to empower major corporations and governments with advanced predictive risk analytics, complete and accurate supplier data, and insights into supply chain crises – from natural disasters to infrastructure failures and geopolitical conflicts – as they arise.
Development and deployment will be led by Exiger’s new Vice President & Global Head of Proactive Intelligence, Mary Luciano, who previously led the Supply Chain Risk Management and Intelligence Team at Amazon Web Services (AWS) and the Global Intelligence Team at Hilton, in addition to a significant tenure as an FBI Intelligence Analyst. Luciano brings an incredible depth of experience in crisis response, global regulation, supply chain resilience, counterrorism, intelligence analysis and supplier risk management.
“We hired Mary to spearhead a proactive resilience capability that’s essential to our customers’ ability to navigate an environment that brings new supply chain crises every day and demands more sophisticated, longer-term risk forecasting,” said Exiger CEO Brandon Daniels. “Mary will be a powerful asset for our customers, bringing first-hand experience leading responses to major disruptions and managing global operations at massive organizations and reacting to real-time threats in domains like counterrorism.”
Organizations are overwhelmed with a growing landscape of supply chain data that’s rife with inconsistencies. Exiger is leading the market in creating proprietary supplier, product and market data that provides a complete picture of an organization’s supplier ecosystem and proactively surfaces where fundamental shifts are emerging as well as where disruption is likely to occur. Luciano will oversee the new Proactive Intelligence capability, which will allow customers to prioritize the insights that impact them, both long-term as their risk landscape evolves and in the moment as crises strike.
Proactive Intelligence will serve as an advanced overlay on top of 1Exiger, providing customers a real-time operational control experience to see how different events will impact them upstream, taking into account regulatory requirements, unique industry constraints, key associations, potential vulnerabilities and breaking developments as they unfold. Harnessing the power of Exiger’s AI, the advanced automated capability combines firmographic data, regulatory mapping and LLMs.
“I’m thrilled to join Exiger to deploy a capability that’s desperately needed,” said Luciano. “For all the data aggregators and solutions on the market, there’s a dearth of supply chain intelligence; Exiger is one of the only tools that offers comprehensive data and actionable insights. This leaves some organizations to make critical risk and compliance decisions with months-old supplier data that’s often incomplete or missing altogether, without taking into account recent changes, accuracy, the need for verification, the nuance around how a supplier is really associated with their organization and the larger value chains implicated. Exiger is already the leader in automated, relevant insight, and this new capability moves our customers even further down the decision curve.”
Proactive Intelligence will officially launch at Gartner’s Supply Chain Symposium/Xpo™ 2024 in Orlando, Florida, on May 6 – 8, 2024. Exiger is a Platinum sponsor for this year’s event. On May 7, Daniels will lead a session with Hope for Justice / Slave Free Alliance CEO Tim Nelson on “Empowering Ethical Sourcing: Eliminating Modern Slavery with Supply Chain Intelligence.” For more information on Proactive Intelligence, visit Exiger’s exhibitor booth (booth #542).
About Exiger
Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger’s mission is to make the world a safer and more transparent place to succeed. Empowering its 550 customers across the globe, including 150 in the Fortune 500 and over 55 organizations across the Defense Industrial Base and government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Named one of Fast Company’s 2023 ‘Brands That Matter’ and recipient of the Third Party Risk Association’s 2024 Innovator Award, Exiger’s work has been recognized by 40+ AI, RegTech and Supply Chain partner awards. Learn more at Exiger.com and follow Exiger on LinkedIn.
For more information, please contact:Kody GurfeinChief Marketing Officer for [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/exiger-launches-proactive-intelligence-led-by-fortune-500-intelligence-and-supply-chain-executive-mary-luciano-302136062.html
Artificial Intelligence
ICEYE Announces API That Allows Customers to Directly Task World’s Largest SAR Satellite Constellation
Two new application programming interfaces (APIs) launched as the first in ICEYE’s wider API ecosystem, empowering customers to access critical data in response to time-sensitive demands.
HELSINKI, May 6, 2024 /PRNewswire/ — ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations, announced the launch of two new application programming interfaces (APIs) that will give customers faster access to imagery from the world’s largest SAR satellite constellation through a self-driven, automated process.
The first API automates the satellite tasking process, enabling machine-to-machine interactions for this critical step. Customers who have built their own platforms to access commercial tasking services may now seamlessly integrate into the ICEYE space and ground architecture without a human-in-the-loop. The second API automates the process for customers to request SAR imagery from ICEYE’s extensive catalog of over 60,000 archive images.
“We are thrilled to announce this new service, which makes the world’s largest SAR satellite constellation even more accessible to our customers,” said John Cartwright, SVP and Head of Data Product. “Customers increasingly seek to integrate access to the ICEYE SAR constellation, the largest in the world, through their own platforms. The end-to-end workflow automation we are releasing today puts this power directly in their hands so they can make smarter, data-driven decisions in near real-time.”
The launch of the API marks an important expansion in how ICEYE fields customer requests for SAR data. With the launch of the new APIs, customers can choose between API-based automation or continue to engage with ICEYE’s renowned 24×7 customer support team. All ICEYE customers undergo an extensive security review to ensure any SAR imagery accessed is used appropriately and shared with trusted parties.
“The new APIs enable efficient access to data from ICEYE’s constellation like never before. As a trusted partner to governments, civil, and commercial organizations, ensuring the appropriate use of our imagery is a top priority,” said Eric Jensen, CEO of ICEYE US. “We conduct rigorous security checks with all prospective customers, and those who meet ICEYE’s stringent standards will benefit from unprecedented access to ICEYE SAR data. ”
The two newly released APIs are the first in a series of APIs that ICEYE is creating to expand customer service and improve access to ICEYE data and imagery from around the world.
About ICEYE
ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.
Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.
ICEYE is headquartered in Finland and operates from five international locations. ICEYE has more than 600 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.
Media contact: [email protected]
Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights.
View original content:https://www.prnewswire.co.uk/news-releases/iceye-announces-api-that-allows-customers-to-directly-task-worlds-largest-sar-satellite-constellation-302136486.html
Artificial Intelligence
Alat boosts sustainable manufacturing capabilities with the launch of Electrification and AI Infrastructure business
RIYADH, Saudi Arabia, May 6, 2024 /PRNewswire/ — Alat, a PIF company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced at the Milken Institute Conference in Los Angeles, USA, the launch of two new business units – Electrification and AI Infrastructure. The two business units will address unprecedented global demand for AI infrastructure and the urgent need to support global energy transition by strengthening electricity grid technology.
Electrification is a key goal for Alat to not only strengthen grid technology for robust and increased use of technology, but also as the growth of electricity grows exponentially, with electricity being the key energy produced by solar, wind and hydrogen clean energy to power industrial processes. By combining Saudi Arabia’s rich resources of solar energy and other clean energy sources with electric powered industrial systems, Alat intends to manufacture solutions that will contribute significantly to the global energy transition and the decarbonization of industry.
The Electrification business unit will focus on transmission and distribution technologies. It will also include the connection of renewable energy sources to the grid and latest technologies for gas and hydrogen generation and compression.
The AI Infrastructure business unit is focused on technology necessary for AI capabilities and encompasses network and communications equipment, servers, data center networking equipment, data centre storage, industrial edge servers, and industry 4.0 computing. The adoption of AI in combination with other industry 4.0 technologies including robotics, will enable a leap forward in smart manufacturing and the creation of intelligent factories. The AI Infrastructure Business Unit will not only manufacture solutions for Alat customers but will also contribute to Alat’s advanced technology goals.
Amit Midha, Global CEO at Alat, said: “I am pleased to announce these two exciting new divisions as they will make a significant contribution to Alat’s overall strategic goal of developing an advanced, sustainable future for industry.
The global electrification market size reached USD 73.64 billion in 2022 and it is expected to hit around USD 172.9 billion by 2032, growing at a CAGR of 8.91% between 2023 and 2032. The global AI Infrastructure market is experiencing remarkable growth, projected to reach a staggering US$460.5 billion by 2033, with a compelling CAGR of 28.3% over the decade. This growth is fueled by the increasing adoption of AI technologies across various industries, as organizations recognize the potential of AI to drive innovation, enhance decision-making processes, and automate tasks.
The launch of these business units is driven by global trends for energy-efficient computing, to mitigate the environmental impact of large-scale data processing and renewable energy integration by leveraging renewable energy sources such as solar, wind, and hydroelectric power into data centers and computing facilities. In addition, the future of AI infrastructure entails the design and construction of green data centers that prioritize energy efficiency, sustainability, and environmental responsibility. AI infrastructure also intersects with electrification efforts in transportation, particularly in the development of autonomous vehicles and electric mobility solutions. AI-powered transportation systems leverage data analytics, machine learning algorithms, and sensor technologies to optimize route planning, traffic management, and vehicle performance, contributing to the widespread adoption of electric vehicles and reducing reliance on fossil fuels.
AI plays a crucial role in optimizing the operation and management of electric grids, enabling utilities to improve efficiency, reliability, and sustainability. AI-driven grid optimization solutions leverage advanced analytics, predictive modeling, and real-time control algorithms to balance supply and demand, integrate renewable energy sources, and enhance grid resilience in the face of disruptions or fluctuations.
Alat, a gold sponsor at the Milken Institute Conference in Los Angeles, USA, now has nine business units focused on sustainable technology manufacturing. Alat will invest US$100 billion by 2030 across these business units to develop key partnerships and build advanced manufacturing capabilities in Saudi Arabia to bring jobs and economic diversification to the Kingdom.
About Alat
Alat is a company focused on transforming global industries (electronics and industrials) and creating a world class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy to build a better tomorrow. Alat will deliver sustainable manufacturing to help global companies reduce their emissions and move towards carbon zero manufacturing. Alat, a PIF company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation.
Alat´s primary goal is to ensure that global companies set up sustainable manufacturing solutions in the Kingdom of Saudi Arabia, benefitting from abundant green energy resources, the country´s unique geolocation and its investments in technology. Initially its key strategic business areas will be semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials and next gen infrastructure technologies. For more information visit www.alat.com
View original content:https://www.prnewswire.co.uk/news-releases/alat-boosts-sustainable-manufacturing-capabilities-with-the-launch-of-electrification-and-ai-infrastructure-business-302136729.html
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