Near-Term Technology Expansion in the Food and Beverage Industries

• Respondents in the Beverage industry are not enthusiastic about Planned Projects, nor are they optimistic about the impact of current business conditions on future investments going in to 2021.

• Although end users are reporting significant contraction in the Beverage industry, they are also reporting some expansion in the use of certain technologies, such as cobots/robots.

• Respondents in the Beverage industry are also reporting plans for increased usage of remote access and remote monitoring, as a result of the pandemic.

Foods and Food Preparation

• Although the Foods and Food Preparation industry had a period of rapid growth, the current pandemic has resulted in some contraction.

• Regardless of the slowdown, respondents in this industry report slightly more expansion versus the last month.

• End users in the Foods and Food Preparation industry are reporting expanded use of cobots/robots, at a slightly more rapid pace than the Total Market.

• The Foods and Food Preparation industry’s plans for future use technologies are generally keeping pace with the Total Market.

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Source: PMMI Business Intelligence “May 2020 Packaging Machinery Purchasing Index”