International Journal of Management Science and Information Technology (IJMSIT)
Vol. 4 No. 2 (2024): July - December 2024

The Impact of Technological Innovation on Sustainability and Competitiveness in the Food and Beverage Industry Sector

Teguh Setiadi, Muhamad (Unknown)



Article Info

Publish Date
25 Sep 2024

Abstract

Technological innovation has become a key element in supporting sustainability and increasing the competitiveness of the food and beverage industry. This study analyzes the impact of implementing technological innovation, such as automation, supply chain digitalization, and environmentally friendly technology, on operational sustainability and increasing company competitiveness. This study uses a descriptive quantitative approach with a population of 100 companies in Indonesia's food and beverage sector. The results show that 75% of companies have adopted at least one form of technological innovation, with production automation (40%) and supply chain digitalization (35%) as the most commonly implemented technologies. Implementing these technologies contributes to increased operational efficiency, reduced costs, and strengthened competitive positions in the global market. In addition, environmentally friendly innovations, such as using renewable raw materials and biodegradable packaging, improve the company's reputation in the eyes of consumers who are increasingly concerned about the environment. The regression results show a significant relationship between the implementation of technological innovation and sustainability, where companies that adopt green technology report a decrease in carbon emissions of up to 20% in the last five years. This study concludes that companies that are proactive in embracing technological innovation have a more significant competitive advantage and the ability to meet market demands and sustainability regulations. More robust policy support is needed to help small and medium enterprises access advanced technologies to ensure sustainable industrial growth.

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Journal Info

Abbrev

IJMSIT

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The development of science related to good technology, information, and communication, both theoretically and empirically has proven to have a positive impact on various aspects of people lives. The development of the science of Information and Communication Technology provides many benefits to ...