FOOD AND BEVERAGE INDUSTRY

Food and Beverage Industry

Contents

Introduction3

Characteristics of Food and Beverages Production Systems7

Factors affecting Recipes and Menus for Specific Systems.7

Comparison of Cost and Staffing Implications.8

Financial controls9

Use of Financial Statement10

Menu for Hospitality Events11

Starters11

Main Course12

Desert12

Justification of Selection of Recipes13

Conclusion13

Recommendations13

References15

Appendix16

Food and Beverage Production and Service Systems

Introduction

The Food and Beverages Industry is growing at a rapid pace throughout the world. It no longer remains a household affair where a mom used to cook for her children and husband in whatever ways possible. The industry has grown manifolds and has become one of the chief industrial and business segments of the world. The industry of Food and Beverages earns annual revenues of more than a trillion dollars and has been the focus of economic activities throughout the globe. While the importance of food and beverage's hygienic preparation and consumption has gained substantial importance in recent times, different production and service systems relating to the same industry has been devised to incorporate health food production and distribution practices that can result in nutrition and health of every consumer. The food and beverage industry has been the mainstay in any country's economy. Whether it is the genetic and bio tech companies, chemical and pesticide firms, restaurants, hotels, inns, or even supermarkets like Kroger, Costco and Wal-Mart; each industry and business segment revolves around Food and Beverages (Teresa, 2003, 506-522).

If we take a look on the global agricultural scene, we will find out that about 200 million metric tons of grains and 400 million metric tons of meat is being produced. These raw materials are then processed in the food and beverage factories and finally their marketing and merchandizing takes place. In this process a variety of foods and beverages are produced. Like any other industry, technological advances have transformed the look of food industries and brought changes in the way the food is produced, processed, packaged, transported, purchased and cooked. Methods have been successfully devised to reduce the wastage and spoilage of foods and beverages and technologies like refrigerated containers and modern means of transportation have significantly helped in preserving the desired quality of food and beverages for the end-consumer. Moreover, globalization has extended the reach of food industries to a dozen other countries and has led to the formation of many multinational and international food processing chains including companies like Coca Cola, Kraft and Nestle. These companies produce their products in factories worldwide and then sell them in local markets with local names. There are a wide variety of markets within the food and beverage industry. Globalization has further led to transformations and now customers have more choices and the companies have more challenges in front of them to deal with. International pressures and regulations, changing trends and demands, transformations in supply chain are some of the factors in this regard. (Teresa, 2003, 506-522).

The food and beverage industry is remarkably diverse and dynamic. Thousands of different products and processes—fresh, frozen, chilled, and long shelf-life goods—are produced to serve customers ranging from mega-retailers to small ...