Beverage Sector Research Articles

Towards sustainable development at full-service restaurants in west Malaysia

The food and beverage sector played a big part in contributing to the economic growth in Malaysia hence there was a major increase in the numbers of restaurants opening up for businesses. This study therefore examines factors with the aims of ensuring a sustainable development in full-service restaurants in West Malaysia. The results of this study have made a substantial contribution to restaurant owner’s’ comprehension of the fundamental components that underlie customer satisfaction and loyalty. By examining the moderating effect of the customer’s gender in full-service restaurants in West Malaysia, the objective of this study was to ascertain the relationships between the three variables (quality of the food served at the restaurant, service quality, and environment), as well as the degree to which each attribute was able to relate to diner satisfaction. The underpinning theory for this study was the Theory of Planned Behavior (TPB). Quantitative methods according to descriptive research and convenience sample strategy were utilized in this cross-sectional study. Questionnaires were distributed to 264 respondents through various online platforms such as WhatsApp, Telegram, Facebook, and email. Data collection was evaluated using the Statistical Program for Social Sciences (SPSS) version 27. In order to examine the connection between the three factors and diner’s satisfaction, various tests such as the multiple regression analysis, One-way ANOVA and Beta Coefficient test were carried out. The findings gave current restaurant owners and potential restaurant owners an overview of the different attributes influencing diner’s satisfaction at full-service restaurants in West Malaysia and also the extent of the moderating effect of diner’s gender had on each attribute. The outcome of this paper is expected to provide a sustainable growth in this industry.

Pengaruh Rasio Likuiditas dan Rasio Solvabilitas terhadap Kinerja Keuangan Perusahaan Manufaktur (Sektor Makanan dan Minuman) yang Terdaftar di BEI pada Tahun 2022-2023

This study examines the impact of liquidity and solvency ratios on the financial performance of manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange (IDX) for the 2022-2023 period. Amid global economic challenges, maintaining financial stability is crucial for the sustainability of business operations. The research employs secondary data from the financial statements of selected companies using a quantitative approach. The results indicate that, simultaneously, the Current Ratio (CR) and Debt-to-Equity Ratio (DER) significantly affect the Return on Assets (ROA). Higher liquidity ratios tend to improve financial performance, while solvency ratios play a vital role in determining a company's financial health. This study emphasizes the importance of financial statements as a tool for evaluating company performance and supporting strategic decision-making.

Pengaruh Ukuran Perusahaan, Pertumbuhan Aset, Keberwujudan Aset, Leverage, Dewan Direksi, dan Beban Penjualan Terhadap Kinerja Keuangan

This research aims to determine the results of the analysis of the influence of company size, asset growth, asset tangibility, leverage, board of directors, and sales expenses on the financial performance of companies operating in the food and beverage consumption industry sector that have been listed on the Indonesia Stock Exchange in the specified time period. starting from 2021-2023. By using a quantitative approach, this research succeeded in analyzing secondary data originating from 38 companies operating in the food and beverage consumption industry sector which have been declared to meet certain criteria. The results obtained from multiple linear regression analysis state that simultaneously, the six independent variables produce a significant influence on financial performance. Partially, company size and board of directors have a negative and significant influence on financial performance. Meanwhile, asset growth and asset tangibility have a positive and insignificant influence on financial performance. Leverage has an insignificant negative influence on financial performance. Meanwhile, sales expenses have a positive and significant influence on financial performance. The results obtained in this research reveal that operational strategies and resource management must be prioritized in order to achieve optimal financial performance in the consumption industry sector which operates in the food and beverage sector. It is hoped that carrying out this research can contribute to the literature regarding factors that can influence the financial performance of the food and beverage sector in Indonesia.

Vulnerability Analysis: A Tool for SMEs’ Business Resilience

This study is aimed at examining the vulnerability levels of businesses and assessing the influence of vulnerability on business resilience. This study was undertaken in Surakarta, Central Java, Indonesia. The sample selection method utilizes purposive random sampling. Data is gathered through structured interviews. The vulnerability level of businesses is gauged using an index. The vulnerability index was formulated based on three pivotal variables: exposure, sensitivity, and adaptive capacity. The vulnerability index was ascertained through the aggregation of values derived from all vulnerability indicators. The impact of vulnerability on changes in the external business environment resilience is analyzed through multinomial logistic regression. The research outcomes indicate that SMEs in the food and beverage sector fall within the bracket of moderate vulnerability. Sensitivity emerges as the most pivotal factor influencing the vulnerability index of business units, closely followed by adaptive capacity and exposure. These variables demonstrate a robust impact on SMEs resilience. The critical need for both government and business manager to prioritize ensuring access to suppliers and raw materials, manage raw material pricing, optimize product pricing strategies, and maintain market reach after macro-environmental uncertainty (disaster). This study emphasizes the importance of the durability of SMEs the nimble external environment, where access to suppliers and the price of raw materials, product prices, and market reach often change. It also reveals that sensitivity is a vital variable that affects the durability of SMEs.

Quick Analysis of The Applied Teaching Factory in The Independent Learning Curriculum Towards the Readliness of Enterpreneurship

The intense competition in the food and beverage sector has led to increased consumptive behavior, which supports the economy. This presents a promising business opportunity for graduates of SMK Tata Culinary through Teaching Factory (TEFA) learning. This study aims to analyze the factors supporting and hindering TEFA's implementation, test its effectiveness, and describe the work readiness of students in Culinary Vocational High Schools in East Java. Using a mixed-method approach, the study sampled 6 schools from Surabaya, Sidoarjo, Ngawi, Lumajang, Tulungagung, and Magetan, with 50 culinary students from each school. Data collection included interviews, observations, and questionnaires, focusing on preparing students for entrepreneurship. Data were analyzed using one-factor ANOVA with SPSS 22. The results showed that student involvement in TEFA activities provided contextual experiences, enhancing critical thinking and problem-solving skills. In conclusion, TEFA's application in Vocational High Schools under the Independent Curriculum fosters creativity, innovation, and entrepreneurship, offering significant benefits for startups, business innovation, and job creation.

USO DE MODELOS DE PREDIÇÃO PARA MELHORAR O PLANEJAMENTO DE ESTOQUE DE ALTA ROTAÇÃO - ESTUDO EM UMA EMPRESA NO SETOR DE BEBIDAS

This project develops a prediction model for inventory planning of high-turnover products, specifically draft beer, in a company in the beverage sector. Using neural network and time series techniques, the aim is to minimize waste and guarantee product availability, taking into account the short shelf life of draft beer and the need for advance orders. The research involved collecting sales data from previous years, processing the data and developing a user-friendly interface. The model was trained with machine learning algorithms to predict weekly sales. The results show that the model is effective at predicting sales patterns, allowing for adjustments and future integrations, such as the inclusion of climate and demographic data. This work provides a solid basis for optimizing inventory management and formulating more efficient commercial strategies.

USO DE MODELOS DE PREDIÇÃO PARA MELHORAR O PLANEJAMENTO DE ESTOQUE DE ALTA ROTAÇÃO - ESTUDO EM UMA EMPRESA NO SETOR DE BEBIDAS

This project develops a prediction model for inventory planning of high-turnover products, specifically draft beer, in a company in the beverage sector. Using neural network and time series techniques, the aim is to minimize waste and guarantee product availability, taking into account the short shelf life of draft beer and the need for advance orders. The research involved collecting sales data from previous years, processing the data and developing a user-friendly interface. The model was trained with machine learning algorithms to predict weekly sales. The results show that the model is effective at predicting sales patterns, allowing for adjustments and future integrations, such as the inclusion of climate and demographic data. This work provides a solid basis for optimizing inventory management and formulating more efficient commercial strategies.

Analisis Kesiapan Usaha Mikro Melakukan Transformasi Digital (Studi Kasus Usaha Mikro Bidang Makanan di Yogyakarta)

The Business Competition Index in Indonesia shows a score of 4.87 points. With the rapid technological advances, it is an opportune time for MSMEs to embark on digital transformation in their business processes. The readiness of MSMEs is crucial to foster the adoption of digital transformation, particularly in digitizing the sales function. Moreover, MSMEs' digital capabilities and creativity are also vital in digitalizing the business. This study delves into the preparedness of micro-food businesses to undertake digital transformation and the challenges they encounter. Using a descriptive qualitative approach, researchers gathered data from informants of micro-food businesses operating in the food and beverage sector. The collected data underwent a rigorous validation process using triangulation of sources, methods, and theories. The study's findings underscore the need for MSMEs to optimize their readiness and the importance of overcoming the obstacles they face to fully realize the potential of digital transformation.

Faktor-Faktor yang Memengaruhi Harga Saham pada Bisnis Subsektor Makanan dan Minuman yang Terdaftar di IDX

This study aims to investigate the effects of the Current Ratio (CRA), Debt-to-Equity Ratio (DERA), and Return on Equity (ROEQ) on the stock prices (HS) of companies in the food and beverage sector listed on the Indonesia Stock Exchange (IDX) during the period from 2017 to 2022. The analysis utilizes data sourced from the published annual financial statements of the relevant companies, employing a purposive sampling method to select 17 companies from the food and beverage subsector as the research sample. This research employs a quantitative descriptive approach and multiple linear regression analysis processed with Eviews Version 12. The findings indicate that CRA does not have a significant effect on stock prices when analyzed separately. Conversely, ROEQ has a positive and significant impact on stock prices, while DERA shows a significant negative effect. These findings affirm that the three variables, namely CRA, DERA, and ROEQ, contribute to stock price fluctuations both individually and collectively. Therefore, this research recommends that companies in the food and beverage sector enhance their financial performance, particularly through better debt management and increased profits, in order to strengthen the attractiveness of their stock prices in the market and attract greater interest from investors.

Motivations of women entrepreneurs in the food and beverage sector: The case of Türkiye

This study aims to reveal the factors that motivate women entrepreneurs to become entrepreneurs in the food and beverage sector in Türkiye. Qualitative research approach was adopted to examine these motivations of the women entrepreneurs in depth. Within the scope of the study, interviews were held with 18 participants between December 10, 2023 and January 25, 2024. The research used a semi-structured interview form as a technique for collecting data. As a result of analyzing the data obtained within the scope of the interviews, five dimensions were revealed that motivate women entrepreneurs to become entrepreneurs in the food and beverage sector in Türkiye. These dimensions; to own their own business, financial independence, skills' adjustment to the sector, family, friend recommendations and encouragement, and the attraction of the food and beverage sector. In the conclusion phase of the research, assessments were conducted based on the results, and recommendations were developed.

The Role of Sanitation, Hygiene, and Safety Education in Enhancing Economic Efficiency in the Food Service Industry

The study aims to explore the crucial role of courses on Sanitation, Hygiene, and Safety in enhancing the standards of the food and beverage industry in Soppeng Regency. The methodology involves conducting surveys among food business operators and analyzing emic data to evaluate their knowledge of hygiene, sanitation, and safety practices. Findings reveal that many operators have limited awareness of food spoilage caused by microorganisms, and they receive insufficient training on maintaining workplace safety standards. This knowledge gap potentially undermines product quality and poses significant health risks to consumers. Additionally, the study identifies a lack of standardized guidelines for sanitation and safety that are consistently adhered to across the industry. The conclusion highlights the importance of continuous education and comprehensive training programs aimed at improving operators' knowledge of hygiene and sanitation, thereby addressing these shortcomings. Strengthening this understanding is crucial for supporting sustainable tourism, enhancing consumer confidence, and elevating overall service standards within the food and beverage sector in Soppeng Regency, fostering a safer and more appealing industry environment.

Pengaruh Good Corporate Governance, Corporate Social Reposibility dan Rasio Likuiditas Terhadap Kinerja Keuangan (Studi pada Sub Sektor Food & Beverage di Bursa Efek Indonesia 2019-2023)

This study aims to analyze the influence of Good Corporate Governance, which is proxied through the board of directors (X1), audit committee (X2), and the proportion of independent commissioners (X3), as well as Corporate Social Responsibility (X4) and Liquidity Ratio measured by Current Ratio (X5), on Financial Performance proxied through Return on Asset (ROA) (Y) in Food & Beverage sector companies listed on the Indonesia Stock Exchange in 2019-2023. Through the purposive sampling method, a sample of 26 companies was obtained for 5 years. The analysis was carried out using Eviews version 13 software, with techniques including determining data regression models, classical assumption tests, multiple linear regressions, and hypothesis tests. The results of the study show that simultaneously, the board of directors, audit committee, proportion of independent commissioners, CSR, and current ratio have a significant effect on ROA. However, partial tests indicate that each of these variables does not have a significant influence on ROA individually. This model explains that independent variables affect ROA by 50%, while the remaining 50% is influenced by other variables that are not studied,

The Impact of COVID-19 Pandemic on the Performance of Food and Beverage Micro and Small Enterprises (MSEs): A Case Study of Langsa City, Aceh Province

The PSBB and PPKM policies were perceived to have caused economic downturns by restricting community activities, including productive economic endeavors. The primary issue in this study is the decline in the GDP of the accommodation food, and beverage sectors in Langsa City in 2020. The research objectives are formulated as follows: (1) to analyze the impact of the Covid-19 pandemic on the income of food and beverage MSMEs in Langsa City; (2) to analyze the impact of the Covid-19 pandemic on the production levels of food and beverage MSMEs in Langsa City; (3) to analyze the impact of the Covid-19 pandemic on the assets of food and beverage MSMEs in Langsa City; and (4) to analyze the impact of the Covid-19 pandemic on the workforce of food and beverage MSMEs in Langsa City. The study was conducted in Langsa City, Aceh Province, utilizing primary data, A purposive sample of 50 MSME owners in Langsa City was selected. Respondents were not categorized by business scale (micro or small businesses). The accidental sampling method was used to determine respondents and data was collected through structured interviews using a questionnaire. The impact of the Covid-19 pandemic on the performance of food and beverage MSMEs in Langsa City was analyzed using for indicators: (1) MSME income, (2) sales volume, (3) assets, and (4) workforce size. A descriptive analysis was performed, followed by a paired sample t-test (with a = 0.05) to compare conditions before and during the Covid-19 pandemic. The analysis concluded that: (1) there was a significant decline in the income of food and beverage MSMEs in Langsa City during the Covid-19 pandemic; (2) there was a significant decline in sales volume; (3) there was a significant reduction in the value of MSME assets; and (4) there was a significant decrease in the number of employees. Keywords: Business, Assets, Number of Employees, Income, Sales, MSMEs

Sustainable Strategies and Value Creation in the Food and Beverage Sector: The Case of Large Listed European Companies

Food and beverage in Europe represents a central sector in terms of contribution to GDP, employment, and the trade balance. At the same time, it has significant environmental, economic, and social implications, making the adoption of sustainable strategies of vital importance for companies in the sector. This study explores how sustainable business practices can create long-term strategic value, with a particular focus on the food and beverage sector. The research analyzes the relationship between sustainability and business strategy, focusing on how companies can thrive in the context of environmental uncertainties, social fluctuations, and economic interconnectedness. Specifically, the study aims to identify the key sustainability practices and strategies adopted by leading food and beverage companies and determine how these practices affect their ESG performance (environmental, social, and governance) results. The study uses a reasoned selection of case studies from one of the primary CSR regulatory categories—listed companies with considerable size (excluding tobacco companies and those with a capitalization of less than EUR 10 billion)—comparing companies’ sustainability reports and the latest 2023 integrated annual report to assess every aspect of each company, from market position to sustainability policies and sustainable reporting.

Time Series Perspective on the Sustainability of the South African Food and Beverage Sector

This study aims to quantify and graphically illustrate the negative lingering effect that the COVID-19 pandemic had on the sales in South African Rands (ZAR) of the food and beverage sector using the time series seasonal autoregressive integrated moving average with exogenous components (SARIMAX) intervention model. The SARIMAX2, 1, 00, 1, 212 intervention model provided the best fit, supported by the lowest values of the model selection and error metrics (Akaike’s information criterion, Bayesian information criterion, and root mean square error). The total estimated loss of sales in the 52 months during the intervention period (March 2020 to June 2024) amounts to ZAR 130,579 million. The most affected months were April 2020 and May 2020 with estimated losses of ZAR 7719 million and ZAR 7633 million, respectively. The findings of this study align with the Statistics South Africa® statistical report based on empirical estimation without any model fitting, thus highlighting the effectiveness of the SARIMAX intervention model in quantifying the effects of the pandemic. The lingering negative impact of the COVID-19 pandemic still continues to threaten the sustainability of the South African food and beverage sector, violating the United Nations’ Sustainable Development Goal, Number 2, which is to end hunger, achieve food security, improve nutrition, and promote sustainable agriculture.

An Investigation of the Barriers and Drivers for Implementing Green Supply Chain in Malaysian Food and Beverage SMEs: A Qualitative Perspective

The food and beverage (F&B) sector in Malaysia is experiencing rapid growth, largely driven by small and medium-sized enterprises (SMEs). However, many Malaysian F&B companies are encountering challenges when it comes to adopting environmentally friendly practices to enhance their environmental performance. This research aims to pinpoint the obstacles that hinder the implementation of Green Supply Chain Management (GSCM) in the F&B industry and to identify the drivers that influence companies' adoption of GSCM initiatives. Data was gathered through semi-structured interviews with 10 individuals from five different F&B SMEs (Companies A, B, C, D, and E) using a qualitative methodology. The data was analyzed using ATLAS.ti version 10, and themes were identified through coding. The study's findings revealed that a lack of knowledge and information sharing presents the most significant barrier to GSCM implementation, as there is insufficient awareness and dissemination of green concepts and practices among SME employees and consumers. Information sharing is crucial for facilitating green activities and promoting collaboration within the supply chain. Additionally, green manufacturing was identified as the most important driver in encouraging environmentally friendly practices among the top five drivers. SME companies need to find a balance between production performance and meeting sustainability requirements. Understanding the barriers and drivers of Malaysian F&B SMEs will enable practitioners to make well-informed decisions regarding GSCM implementation, ultimately enhancing the performance of the F&B industry and ensuring a sustainable food supply.

Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage dan Opini Audit Terhadap Audit Delay

Audit delay is the time interval between the closing date of financial books and the date of reporting by independent auditors. Delays in completing the audit of financial statements can hinder decision-making processes for stakeholders. This research investigates and analyzes the influence of company size, profitability, leverage, and audit opinion on audit delay. Purposive sampling was employed, gathering 96 samples from 16 companies in the food and beverage sector listed on the Indonesia Stock Exchange during the period from 2018 to 2023. Secondary data from financial reports were analyzed using multiple linear regression. The findings indicate that leverage has an impact on audit delay. However, company size, profitability, and audit opinion do not influence audit delay.

Bridging Theory and Practice: Applying Vrio and Pest to Foster Digital Transformation in Kadin Bandung City Msmes

ABSTRACT The data indicates that approximately 70% of MSMEs in Indonesia operate within the food and beverage sector, with 99.5% falling under the MSME classification. Despite being perceived as having numerous advantages, MSMEs face several limitations that hinder their ability to enhance competitiveness and growth. The PKM program is designed to equip participants with relevant knowledge and skills, aiming to improve product quality, expand market access, and implement effective digital strategies. The approach employed involved direct counseling and mentoring sessions for 20 women-led MSMEs supported by KADIN Bandung City. The most notable improvement was observed in participants' understanding of the benefits of digital transformation, along with a strong motivation to apply it within their business practices. Overall, the counseling and mentoring activities demonstrated their effectiveness in enhancing participants' comprehension and motivation to implement the three concepts presented in a practical business context. Keywords: PEST Analysis, VRIO Analysis, Digital Transformation

ADOPTION OF MEDIA INNOVATIONS FOR MARKETING COMMUNICATIONS FOR UMKM FOR THE LATEST COLD DRINK IN THE DIGITALIZATION ERA

The implementation of innovation in digital communication media by MSMEs in the cold beverage sector faces several significant challenges, including lack of technical knowledge, limited resources, and limited access to digital training. This study aims to investigate the effect of digital technology adoption on MSME business performance, especially in terms of increasing customer engagement, sales, and expanding market reach. The methodology applied is a qualitative approach through in-depth interviews with MSME owners in the cold beverage industry. The research results revealed that despite the challenges faced, the use of social media can increase interaction with customers, expand market reach beyond local areas, and increase sales by up to 40%. The findings of this study indicate that support in the form of digital training and access to resources is essential to optimize the use of digital media by MSMEs. Implementing the right digital strategy has the potential to strengthen the competitiveness of MSMEs amidst increasingly tight global market competition.

Analysis of the Accuracy of Calculation of Production Costs and Cost of Products for Micro Businesses in the Food & Beverage Sector

This research provides an overview of the cost of a product for a business which is one of the main things and affects the business plan in the long term. Many of them determine the cost of a product only based on a rough estimate without clarity on the basic elements in the calculation of production costs such as direct labor costs and overhead costs. The research method is descriptive using literature studies and field surveys. The results of this study seek to help micro businesses engaged in the food & beverage sector calculate production costs and cost of products through a simple but more accurate calculation formula than what they have calculated so far. The managerial implication that can be done is that micro industries can apply cost of goods calculations more accurately.