Beverage Manufacturing Research Articles

Analysis of Factors Affecting Food and Beverage Company Finances in the Period 2019-2023

Several food and beverage sub-sector companies experienced a decline in profits caused by factors such as the decline in the rupiah exchange rate, declining consumer purchasing power and increasing business spending that exceeded revenue growth. Laboratory analysis is an important indication used in the process of evaluating a company's financial performance. This study aims to analyze the financial performance of food and beverage manufacturing companies listed on the Indonesia Stock Exchange between 2019 and 2023. The research method uses quantitative research. The purposive sampling method was used to collect a total of eighty samples from a particular organization for the purpose of conducting a survey. A technique known as multiple linear regression was used in the data analysis process. Based on the results of the study, there was no significant relationship between corporate social capital and financial performance. However, leverage has an impact on the company's overall financial output. Management should consider the amount of leverage when trying to improve the financial performance of the organization. If manufacturing companies in the food and beverage sub-sector are having difficulty with the availability of laboratories, leverage can be used as a method to improve financial performance. Further research is needed to investigate other aspects that have a major impact on the company's financial performance.

Packaging optimization model using cost-based behavioral perspective approach in food and beverage industry

The high competition in the food and beverage industry in Indonesia, where packaging has a very important function, with the main function to protect the product, as well as being a factor in attracting consumers' interest in making purchases. Packaging production is dominated by several companies, which when categorized are divided into middle-up manufacturing and middle-low manufacturing. The research is necessary to create an optimal packaging design model by considering the culture and habits of consumer. Capturing customer behavior and costs has a control function. Ethnographic studies are used to explore packaging elements that are important to consumer and Structural Equation Modeling (SEM) was used for data processing. The result provides a conceptual model as well as recommendations for food and beverage manufacturers in terms of the packaging used. Seven elements of packaging that deserve primary attention: design, image, typography, color, size, material and quality. Using habit and cost factors has the control variables, with maximum profit as the objective function. Recommendations for middle-up manufacturing are focused on four packaging elements: design, image, color and quality. It is recommended to maximize strategies for customer retention and improving customer loyalty. Middle-low manufacturing is focused on four packaging elements: color, size, material and quality. It is recommended to maximize strategies to encourage repeat business and boost productivity. The features identified in this research are very possible to be implemented by food and beverage manufacturer, along with recommended strategies. For example, at the middle and low manufacturing level, it is very important to pay attention to product availability in several sizes

Influence of Supply Chain Diversification on the Performance of Large Food and Beverage Processing Companies in Nairobi City County, Kenya

The performance of food and beverage manufacturing companies has become a pressing concern due to the rising incidence of supply chain disruptions, which pose significant threats to achieving operational goals. This study investigates the influence of supply chain diversification on the performance of large food and beverage processing companies in Nairobi City County. Supply chain disruptions have been linked to severe financial repercussions, including lower stock returns and increased failure rates, necessitating innovative management strategies. Utilizing a quantitative correlational research design, the study surveyed all 46 major food and beverage companies in the region, targeting procurement, financial, operations, and supply chain managers. Data collection was conducted via questionnaires, achieving an impressive response rate of 81%, underscoring the representativeness of the findings. Statistical analysis revealed a strong positive correlation between supply chain diversification and organizational performance, with an R-squared value of 0.650, indicating that approximately 65% of performance variability could be attributed to diversification practices. Regression analysis confirmed that each unit increase in diversification significantly enhanced performance metrics. These results align with existing literature, emphasizing the need for proactive diversification strategies to mitigate risks and enhance operational efficiency. Recommendations include continuous investment in diversifying supplier bases, adopting advanced technologies such as artificial intelligence, and implementing regular training programs for staff. Furthermore, strategic partnerships with suppliers and routine assessments of risk management policies are vital for maintaining competitive advantages. This research highlights the critical role of supply chain diversification in enhancing performance in the food and beverage sector, providing insights that are essential for navigating the complexities of modern supply chains. Future research should explore comparative studies across different sectors, longitudinal impacts of diversification, and qualitative insights from industry leaders to further enrich understanding in this area. By addressing these recommendations and research avenues, food and beverage manufacturing companies can enhance their resilience and ensure sustained performance in an ever-evolving market landscape..

The Implication of E-Commerce Application in SMEs

This research aims to explore the implication of e-commerce application among Small and Medium (SM) Malay entrepreneurs involved in the Malaysian food and beverage manufacturing industry based on three perspectives: technology, competition, and suppliers. A survey questionnaire was developed following the three variables. Furthermore, a pilot study was conducted to identify the necessary improvements to be made to the instrument. The respondents involved SM Malay entrepreneurs who are e-commerce application users, with a 68.4% response rate. The empirical data were statistically analysed via stepwise multiple regression. Resultantly, the variables of competition and supplier influenced the implication of e-commerce application among SM Malay entrepreneurs.

The Influence of Debt to Equity Ratio and Return on Equity on Company Value in Food and Beverage Subsector Manufacturing Companies Listed on the BEI in 2020-2022

The purpose of this study is to analyse the relationship between Y, debt-to-equity ratio, and return on equity for food and beverage manufacturing companies listed on the BEI in 2020 and 2022. Panel data regression analysis is the research tool of choice for this associative descriptive study. This study's population consists of 2020–2022 financial reports from BEI-listed food and beverage subsector manufacturing enterprises. Nonprobability sampling with a purposive sampling approach was used to collect the samples. Various statistical methods were employed to assess the impact of the study, including panel data regression analysis, t test and F test hypothesis testing, and Pearson product moment correlation and coefficient of determination analyses. There is a very strong correlation between return on equity (ROE) and Y (0.824) and a sufficient correlation (0.535) between debt to equity ratio and Y (0.535), according to the results of the analysis. The results of the determination analysis reveal that the debt-to-equity ratio and return on equity account for 99.2% of the variance in firm value, with the remaining 0.8% explained by factors that were not part of the study

Capital Structure and Corporate Governance: Shaping Company Value through Dividends

Background: The dynamic interplay between corporate financial strategies, particularly capital structure and dividend policies, significantly influences firm value in the manufacturing sector.Knowledge Gap: While previous research has explored the direct relationships between capital structure and firm value, less attention has been paid to the moderating effects of dividend policy, profitability, and Good Corporate Governance (GCG) in this context. Aims: This study aims to assess the moderating roles of dividend policy, profitability, and GCG on the relationship between capital structure and firm value. Results: The findings indicate that dividend policy, profitability, and GCG significantly moderate the relationship between capital structure and firm value, suggesting that firms must balance dividend distribution with their capital structure decisions. Novelty: This research contributes to the existing literature by integrating dividend policy and GCG into the analysis of capital structure's effect on firm value, addressing previously overlooked aspects. Implications: The study underscores the importance of prudent dividend policies and robust corporate governance in enhancing firm value, offering valuable insights for managers and investors aiming to optimize financial performance in the competitive food and beverage manufacturing sector. Highlights : Moderating Effects: Dividend policy, profitability, and GCG significantly moderate the relationship between capital structure and firm value. Financial Balance: Firms must balance dividend distribution with capital structure decisions to enhance overall value. Managerial Insights: The findings provide crucial insights for managers and investors to optimize financial performance in the food and beverage sector. Keywords: capital structure, dividend policy, firm value, profitability, Good Corporate Governance

Marketing Strategies and Sales Performance of a Manufacturing Company

This study was carried out to investigate how marketing strategies, consisting of product, price, place, and promotion strategies, affected the sales performance of a food and beverage manufacturing company. A review of extant literature indicated the need for studies, in this regard, in Nigeria’s food and beverages industry. The study adopted a survey research design. Two hundred and seventy four employees of a food and beverage manufacturing company in Lagos State were studied. Data were collected on a four-point scale ranging from strongly disagree, 1, to strongly agree, 4. Mean and standard deviation values of statements relating to marketing strategies were obtained from descriptive statistics while inferential statistics based on multiple regression analysis produced results that determined the effects of marketing strategies on sales performance. The results indicated statistical significance [F(4,269)df = 4783.108, p < .05)] for the effect of marketing strategies on sales performance. Product (β = .478, t = 5.588, p < .05), place (β = .454, t = 5.360, p < .05), and promotion (β = .075, t = 1.773, p > .05) strategies had positive effects on sales performance while price strategy indicated insignificant negative effect (β = -.023, t = -.626, p > .05) on sales performance. Marketing strategies explained 98.6 percent variation in sales performance. The conclusion of the study indicated a need for the managers of the company to increase the tempo of premium-pricing promotion strategy and advertisements in the social and electronic media as well as reevaluate the pricing strategy of the company as a means of improving its effectiveness by increasing the chances of achieving the objectives of cost recovery and meeting the needs of customers.

A new anti-biofouling microfiltration: Combining sharkskin-inspired topology with in-situ silver nanoparticles

Recently, significant research has been undertaken to address drinking and wastewater treatment, food and beverage manufacturing, and the pharmaceutical industry in a sustainable and advanced manner. Contemporary microfiltration systems demonstrate notable efficacy in achieving high-precision separation for the products of these processes; however, they are profoundly susceptible to biofouling, which involves the accumulation of proteins and microorganisms, ultimately leading to a deterioration in separation performance. Here, we introduce the fabrication of a multifunctional anti-biofouling microfiltration membrane comprising a high-fidelity sharkskin-inspired pattern, anti-adhesive, and biocidal surface. Additionally, passive (e.g., pattern and negatively charged surface) and active (e.g., Ag nanoparticle) anti-biofouling features are spontaneously introduced through non-solvent induced phase separation and consecutive mild alkali treatment. The resulting membrane demonstrates a 188 % reduction in the accumulation of bovine serum albumin and exhibits a long-lasting biocidal effect without compromising separation performance.

Food and beverage manufacturing and retailing company policies and commitments to improve the healthfulness of Canadian food environments

BackgroundFood and beverage companies play a central role in shaping the healthfulness of food environments.MethodsThe BIA-Obesity tool was used to evaluate and benchmark the specificity, comprehensiveness and transparency of the food environment-related policies and commitments of leading food and beverage manufacturing and retailing companies in Canada. Policies and commitments related to the healthfulness of food environments within 6 action areas were assessed: 1) corporate nutrition strategy; 2) product (re)formulation; 3) nutrition information and labelling; 4) product and brand promotion; 5) product accessibility; and 6) disclosure of relationships with external organizations. Data were collected from publicly available sources, and companies were invited to supplement and validate information collected by the research team. Each company was then assigned a score out of 100 for each action area, and an overall BIA-Obesity score out of 100.ResultsOverall BIA-Obesity scores for manufacturers ranged from 18 to 75 out of 100 (median = 49), while scores for retailers ranged from 21 to 25 (median = 22). Scores were highest within the product (re)formulation (median = 60) followed by the corporate nutrition strategy (median = 59) domain for manufacturers, while retailers performed best within the corporate nutrition strategy (median = 53), followed by the disclosure of relationships with external organizations (median = 47) domain. Companies within both sectors performed worst within the product accessibility domain (medians = 8 and 0 for manufacturers and retailers, respectively).ConclusionsThis study highlights important limitations to self-regulatory approaches of the food and beverage industry to improve the healthfulness of food environments. Although some companies had specific, comprehensive, and transparent policies and commitments to address the healthfulness of food environments in Canada, most fell short of recommended best-practice. Additional mandatory government policies and regulations may be warranted to effectively transform Canadian food environments to promote healthier diets and prevent related non-communicable diseases.

The Influence of Company Growth, Funding Decisions, and Dividend Policy on Firm Value

There was a decline in the company's growth and value. Corporate growth and corporate value. It's a phenomenon on the financing decision that's undergoing an increase but not at the expense of the company's value. Other phenomena in the food and beverage sector companies listed in the EIB showed fluctuations in the dividend policy while the company's value fell. It's becoming a major issue in this research. The purpose of this research is to find out whether there is an influence of Corporate Growth, Financing Decisions and Dividend Policy on Corporate Value on Food and Beverage Manufacturing Companies Period 2017-2021. The analytical method used is a Time Series and Cross Section analysis by comparing the Company's Growth Rate, Financing Decisions and Dividend Policy to the Company Value with the previous year, and comparing it with the Food and Beverage Sector Manufacturing Company Values Period 2017-2021 that included the criteria in the Objective Sampling. Partially, Corporate Growth has no influence and is not significant to the Corporate Value. The Financing Decision has a significant negative impact on the Company's Value. Dividend policy has no influence or significance on the Company's Value. Simultaneously there is an influence between Corporate Growth, Financing Decisions and Dividend Policy on Corporate Value in Food and Beverage Manufacturing Companies Period 2017-2021.

Contextual Intelligence: An AI Approach to Manufacturing Skills’ Forecasting

The manufacturing industry is skill-intensive and plays a pivotal role in South Africa’s economy, reflecting the nation’s progress and development. The advent of technology has initiated a transformative era within the manufacturing sector. Workforce skills are at the heart of ensuring the sustained growth of the industry. This study delves into the skill-related aspects of the occupational landscape of the South African manufacturing sector, with a particular focus on two important manufacturing sectors: the food and beverage manufacturing (FoodBev) sector and the chemical manufacturing (CHIETA) sector. Leveraging the forecasting prowess of Autoregressive Integrated Moving Average (ARIMA), this paper outlines a sectorial occupational forecasting modeling exercise to reveal which job roles are poised for expansion and which are expected to decline. The approach predicted future skills’ demand 80% accuracy for 473 out of 713 (66%) occupations for FoodBev and 474 out of 522 (91%) for CHIETA. These insights are invaluable for industry stakeholders and educational institutions, providing guidance to support the sector’s growth in an era marked by technological advancement.

Pengaruh Stuktur Modal, Likuiditas dan Ukuran Perusahaan Terhadap Nilai Perusahaan pada Perusahaan Manufaktur Sektor Industri Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2018-2021

This research aims to examine the influence of capital structure, liquidity and company size on company value in manufacturing companies in the food and beverage industry sector listed on the Indonesia Stock Exchange for the 2018-2021 period. The sampling technique in this research uses a purposive sampling method then the data is processed using SPSS. This research method uses quantitative research. The results of this research show that simultaneously the variables liquidity, asset structure and company size have a significant influence on company value in the food and beverage manufacturing industry listed on the Indonesia Stock Exchange for the 2018-2021 period. However, partially all variables in this research model have no influence on company value.

Earnings Management Trend in Manufacturing Companies Sub-Sector Food and Beverage Listed on the Indonesia Stock Exchange Year 2019-2023

This study aims to analyze the trend of earnings management in manufacturing companies operating in the food and beverage sub-sector listed on the Indonesia Stock Exchange. Earnings management trends encompass methods used by companies to manipulate or manage their financial statements. Factors influencing earnings management include tax planning, income tax expenses, and profitability. The management's goal is to enhance corporate earnings to reflect stable profits, thus accurately portraying the company's financial performance in future periods. The study population consists of 45 companies, with a sample of 9 companies selected using purposive sampling. Data collection utilized secondary data from quarterly financial reports of manufacturing companies listed on the Indonesia Stock Exchange from 2019 to 2023. The research employed descriptive analysis to assess earnings management trends as predictors of profit increases. The findings reveal significant fluctuations in earnings management practices among food and beverage manufacturing companies listed on the Indonesia Stock Exchange during the period from 2019 to 2023.

Pengaruh Perputaran Arus Kas, Current Ratio, Debt to Asset Ratio dan Debt to Equity Ratio Terhadap Return on Asset pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia Tahun 2015-2022

The purpose of this study is to ascertain how return on assets in food and beverage manufacturing companies listed on the Indonesia Stock Exchange is impacted by cash flow turnover, current ratios, debt to equity ratios, and debt to asset ratios for the years 2015–2022. This study employs a quantitative methodology that combines a verification and descriptive strategy. While verification statistical analysis uses traditional assumption tests, multiple linear regression tests, Pearson product moment correlation coefficient tests, determination coefficient tests, and hypothesis testing with partial and simultaneous tests (t and f tests), descriptive statistical data analysis techniques are used to find mean, maximum, minimum, and standard deviation data. 56 financial reports from businesses in the Food and Beverage Manufacturing Companies provide the sample data. sampling utilizing nonprobability sampling methods combined with purposive sampling. IBM SPSS version 26.0 was the analysis tool used in this investigation. The study's findings indicate that return on assets is not affected partially or simultaneously by cash flow turnover, current ratio, debt to equity, or debt to asset ratio

Pengaruh Pertumbuhan Perusahaan, Leverage, Komisaris Independen, dan Modal Bersih Terhadap Kinerja Keuangan

This research aims to provide empirical evidence regarding the influence of company growth, debt levels, independent commissioners, net working capital on financial performance. This research method uses quantitative research methods. The research object is food and beverage companies listed on the Indonesian stock exchange during 2020-2022. The data source in this research uses secondary data, namely data contained on the official IDX website, namely www.idx.co.id and the official website of the related company. The population used in this research is 30 food and beverage manufacturing companies listed on the Indonesian stock exchange for the 2020-2022 period. The number of samples taken was 30 companies, so the data obtained was 90 data. The research results show that company growth has a significant positive effect on the financial performance of consumer goods sub-sector manufacturing companies listed on the IDX in 2020-2022. Debt levels have a significant negative effect on the financial performance of Consumer Goods Sub-Sector Manufacturing Companies Listed on the IDX in 2020-2022. Commissioners have a significant positive influence on the financial performance of Consumer Goods Sub-Sector Manufacturing Companies Listed on the IDX in 2020-2022. Net working capital has a significant positive effect on the financial performance of Consumer Goods Sub-Sector Manufacturing Companies Listed on the IDX in 2020-2022. Simultaneously, company growth, debt levels, commissioners, dividend policy and net working capital have a significant positive effect on the financial performance of Consumer Goods Sub-Sector Manufacturing Companies Listed on the IDX in 2020-2022.

The effects of debt-to-asset ratio, size of the company, institutional ownership and earnings management on accounting conservatism in manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange between 2015 and 2023

This study attempts to ascertain how accounting conservatism is affected in manufacturing businesses in the food and beverage subsector listed on the Indonesia Stock Exchange between 2015 and 2023 by factors such as debt to asset ratio, company size, institutional ownership, and earnings management. This study employs a quantitative methodology that combines a verification and descriptive strategy. Traditional assumption testing, multiple linear regression, Pearson product moment correlation coefficient, determination coefficient, and hypothesis testing with partial and simultaneous tests (f and t tests) are all used in the statistical analysis approach of verification. Sample data comes from 63 financial reports of businesses in the Food and Beverage Manufacturing Subsector. This study employed a purposive sample strategy in conjunction with nonprobability sampling. Version 26.0 of SPSS software is used for data processing. According to preliminary study findings, there is no discernible relationship between accounting conservatism and the debt to asset ratio. Company size has a big impact on accounting conservatism. The impact of institutional ownership on accounting conservatism is negligible at best. Accounting conservatism is neither impacted by or significantly affected by earnings management. The study's findings concurrently demonstrate how the debt to asset ratio, business size, institutional ownership, and earnings management all have an impact on accounting conservatism

Rethinking External Environmental Analysis for Sustainable Development: The Case of a Beverage Manufacturing Industry in a Southern African Country

The advent of the United Nations Sustainable Development Goals (SDGs) Agenda 2030 ushered in a new way of thinking about the forces that drive change in the business environment. Literature suggests that sustainable development is a megaforce driving change globally and envelops the traditional political, economic, social, technological, and ecological (PESTE) forces approach. This article reframes the external environmental analysis to integrate SDGs into the business strategy of a beverage manufacturing industry. A qualitative design using snowball sampling resulted in semi-structured, face-to-face interviews that were audio recorded. Interviews were held with eight executives, one former executive, and three non-executive staff from four companies of a southern African country’s beverage manufacturing industry. The data exposed some ignorance on sustainable development. Many executives understood the importance of sustainable development without consensus on its exact nature and implementation in the organisational context. Thematic data analysis confirmed the relevance of sustainable development and the need to incorporate it in external environmental analysis. Categorising SDGs into a 5-P framework (people, prosperity, planet, peace, partnerships) and integrating it with the PESTE framework, the study provides a new approach/tool for external environmental analysis. This approach facilitates identification of SDGs that are relevant to business during strategic planning.

Corporate Entrepreneurship Dimensions and Corporate Market Share of Selected Food and Beverages Manufacturing Companies

The growth of the food and beverage manufacturing sector in Nigeria is hampered by the lack of adoption of corporate entrepreneurship and lack of business innovation, resulting in limited organizational progress among food and beverage companies. This study investigates the relationship between corporate entrepreneurship and market share in selected food and beverage manufacturing companies in Lagos State, Nigeria. The study uses a survey research design, explicitly targeting six leading food and beverage companies in Nigeria that collectively dominate 93% of the industry's overall market share. The overall population consisted of 2,786 employees, and the sample size of 642 was determined using the Cochran formula and multi-stage sampling techniques. Data collection uses a questionnaire. The data analysis process includes the use of descriptive and inferential statistics. The research results show a strong correlation between business innovation, internal business environment, resource utilization, organizational flexibility, proactiveness, risk-taking, and company market share in the selected companies. This research determines that the entrepreneurial dimension of the company has a positive and significant influence on the company's market share. This study suggests that senior managers should proactively engage elements of corporate entrepreneurship to stimulate creative concepts for new and improved products, processes, applications, and services that align with market needs and improve overall performance.

Plant Species for the Manufacture of Malagasy Traditional Alcoholic Beverages

Plant Species for the Manufacture of Malagasy Traditional Alcoholic Beverages

Comparing groups of units through composite indicators in a non-convex approach: corporate social responsibility for the food and beverage manufacturing industry

AbstractThis paper compares the performance of groups of units by composing indicators of corporate social responsibility (CSR) from an efficiency and productivity perspective, applicable across various industries. From a methodological perspective, our work extends the traditional input-oriented Benefit-of-the-Doubt (BoD) model in the multiplier form, by first adapting it to accommodate the non-convexities of the production set, and second, by innovatively applying it to compare indicators across groups of firms. This adaptation, pioneered in our study, leverages the framework previously established in the literature to address more complex scenarios. From an empirical perspective, we contribute by comparing the efficiency and productivity in CSR activities of food and beverage companies across regions of Europe, the United States and Canada, and Asia–Pacific over the period 2009–2018. The paper reveals that USA-Canadian firms tend to perform best with respect to CSR, followed by European firms, and that Asian-Pacific firms achieve the worst efficiency and productivity results. The study also shows that regional catching up in CSR productivity occurred over the analyzed period.