According to the report “Foodtech in Spain: Moving the Spanish Food System Forward”, promoted by ICEEl, the hospitality sector has been evoked to a forced evolution, where creativity and innovation hand in hand with new technologies facilitate restoration conversion. The sector is consolidated as the engine of the food industry, as demonstrated by the data collected, which shows a growth of 220% between 2021 and 2020; and an amount of €695,000,000, which triples the amount invested in 2020.
The boom in this field is due in large part to delivery start-ups, which along with investments in alternative proteins and digitization of agriculture have facilitated this development. Thanks to this, Spain is the fifth foodtech ecosystem with the highest investment in Europe, behind Germany, the United Kingdom, France and the Netherlands. Our country has 400 startups working on the development of the agri-food chain and its future applications.
The foodtech sector seeks to facilitate processes and results in food matters thanks to the application of technologies, which in turn allow the sector to be strengthened and give a new twist to the results it can give. “The great references of the hospitality sector, those recognized for their creations, are examples of constant innovation and application of new trends in the market”reveal sources from Last.app, the Spanish startup dedicated to creating software for restaurant management.
The rising supply costs, in addition to the increase in the electricity bill, places the hospitality sector in a situation of check. Given the difficulties posed by the current economic situation, digitization is a pending challenge for the vast majority of hoteliers. For this reason, the foodtech industry makes available to the hospitality sector the necessary tools to facilitate the optimization of tasks, reduce food waste or improvements in the management of your sales channels so that each employee provides more value and thus reduces unnecessary costs. .
Big Data: information control to balance the profit margin
The ConectadOS platform concludes in a recent study that, in order to achieve sustainable growth, it is essential to bet on digitization to guarantee the future of business. And in this sense, the reasons for opting for digitalization processes in businesses related to hotels and restaurants are many: it facilitates the preparation of inventories, allows time to be optimized, improves data analysis and even improves customer service.
The digitization of processes It is a solution to increase profits or even to guarantee the correct continuity of many catering establishments. “By managing the database with an appropriate reporting system and with integrations with management systems, it is possible to optimize restaurant administration to reduce food waste, improve day-to-day management and thus reduce supply costs”, indicates Francisco Gea, Marketing Director of Last.app. The options offered by the digitization of the hospitality trade are diverse and they all have the same objective: to rebalance costs and benefits.
