Manufacturing and Distribution Pulse Survey Report 2024
Food and Beverage Subsector Outlook
SURVEY RESPONSES
OVERVIEW Citrin Cooperman’s 2024 Manufacturing and Distribution Pulse Survey
71%
Indicate significant growth in 2023 compared to 2022
Report unveiled several key opportunities and challenges for the food and beverage subsector. Emerging from years of market volatility, food and beverage companies have reported positive growth in 2023, leveraging e-commerce and online platforms to drive sales. Leaders in this subsector have been challenged to think creatively to manage rising
56%
Report their online/ e-commerce sales have doubled over the last 12 months
costs and interest rates, diversify suppliers in response to continued instability in the supply chain, and effectively utilize their enterprise resource planning (ERP) systems to stay ahead of the competition.
HOW CITRIN COOPERMAN CAN HELP Citrin Cooperman’s dedicated Manufacturing and Distribution
48%
Upgraded their ERP system in
Industry Practice has a core focus in helping food and beverage
the last five years
companies achieve their strategic visions. Our team of professionals are here to provide innovative, actionable solutions to today’s most pressing issues.
58%
Diversified their suppliers in order to improve their company's supply chain
John Giordano Partner and Co-Leader Manufacturing and Distribution Industry Practice jgiordano@citrincooperman.com
48%
Are managing product costs by manufacturing more internally or outsourcing to third-parties
Mark Henry Partner and Co-Leader Manufacturing and Distribution Industry Practice mhenry@citrincooperman.com
Interested in how this subsector compares to the full industry? Access the 2024 Manufacturing and Distribution Survey Report here.