The cost of ingredients has been rising lately and shows no signs of slowing down. Recent data reveals that in July of 2022, food costs rose by 1.3% even though the general inflation rate started to slow.

A closer examination of the food and beverage sector in the wake of rising inflation reveals shifting consumer and business habits. Brands have turned to new ingredients, explored alternative supply chain partners, and embraced other tactics to survive. 

Food and beverage companies can also leverage product specifications to boost efficiency to counter higher ingredient costs.