Chef Robotics Raises $43.1 Million To Serve Up Smarter Kitchens

A recent report valued the global food robotics market at $2.24 billion in 2021. Industry experts project a compound annual growth rate (CAGR) of 9.7%, leading to a market value of $5.36 billion in the coming years.
Data from the U.S. Bureau of Labor Statistics (BLS) indicates that the Accommodation and Food Services sector is facing a labor shortage, with high quit rates and job fill rates below 70%.  Food companies are increasingly looking to offshore elements of their food supply chain to countries with greater labor availability in response to escalating labor shortages. Food robotics solutions created for the restaurant/foodservice industry are attempting to solve these issues. Domino's, which annually produces over a billion pizzas, is increasingly using AI and robotics to enhance consistency and solve staffing issues. AI-enabled machines are being used in food manufacturing, packaging, and recycling to perform repetitive and dangerous tasks. This improves operational resilience in food prod
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Picture of Upasana Banerjee
Upasana Banerjee
Upasana is a Content Strategist with AIM Research. Prior to her role at AIM, she worked as a journalist and social media editor, and holds a strong interest for global politics and international relations. Reach out to her at: upasana.banerjee@analyticsindiamag.com
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