Louisa Burwood-Taylor, Editor of Agfunder News examined the impact of technology on the industry, highlighting some of the fascinating new tech currently being developed and piloted as part of WorldView 2017 NYC: The Future of Food and Beverage.
AgFunder News Presents: The Impact of Technology on the Food & Beverage Industry
1. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
The impact of
technology on the
Food & Beverage
industry
Louisa Burwood-Taylor
AgFunder
Inogen Worldview
Conference
April 2017, New York, NY
2. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
“We need to
double food
production if
we’re to feed 10
billion people by
2050”
"Food production
and environmental
protection must be
treated as equal
parts of
agriculture's grand
challenge.”
3. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
THE PROBLEM(S)
• FOOD WASTE
• OPAQUE SUPPLY CHAINS
• CO2 EMISSIONS
• WATER SCARCITY
• DEFORESTATION
• CLIMATE CHANGE
• CHANGING CONSUMER
DEMANDS
• OBESITY
4. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
Agriculture is the
least digitized
industry
Source: McKinsey Global Institute’s Digitization Index,
THE PROBLEM
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What Does This Mean for You?
• The food & agriculture sector is a textbook example of a sector ripe for disruption.
• There are at least 4,000 early stage technology companies innovating in this space today.
• These startups are disrupting the massive $7.8tn food system.
• Investment in agriculture represents 3% of venture capital funding while agriculture
represents 10% of GDP
6. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
Eight of the 10 biggest
food & agriculture
companies could
disappear in the next
decade.
Head of R&D
Fortune 50 food company
THE PROBLEM
11. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
Big Data & Analytics: On-Farm
Mobile
Computing
Data Sensor Input
Computation &
Machine
Learning
Robotics &
Automation
Satellite &
Imagery
Drones
12. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
• Precision Agriculture
• Input Efficiency
• Co2 Emissions
• Record-keeping
Big Data & Analytics: On-Farm
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Big Data & Analytics: On-Farm
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Case Studies / Examples
Imperial, CA
• $305/acre foot per acre paid for saved water against an agreed-upon use budget
• SWIIM clients save an average of 0.25 to 1.25 acre feet/acre, which often equates to tens of thousands of additional revenue
per field, without material loss of crop production
• Here there is an active incentive to conserve and receive direct payment to the participating grower by the district
Central Valley, CA
• Price for water varies materially – from cost to pump only (over $20/acre foot per acre) to fees and assessments exceeding $
180/acre foot per acre)
• SWIIM clients save from tenths of an acre foot to 0.5 acre feet/acre, which can equate to savings of hundreds to thousands of
dollars per field in water and water-related costs
• Here there is an incentive to save on the grower-level, with discussions with districts in the region to provide other incentives
(economic) to conserve more water
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Big Data & Analytics: On-Farm
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• Biological DNA barcodes
• Food fraud ($15bn a year)
• Food contamination ($70bn a year)
• Measure freshness and shelf life
• Tracking & traceability
• Reduce food waste
Big Data & Analytics: Supply Chain
• Blockchain & IoT
• Transparency and coordination
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Novel Farming Systems – Indoor Agriculture
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Novel Farming Systems –
Indoor Agriculture
• No pesticides
• Reduce CO2 emissions from transport
• Local branding
• Increased nutritional value
• Climate change adaptation
• Reduced water use
• Food safety controlled
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Novel Farming
Systems – Insect
Farming
• Animal feed
• Human Consumption
28. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
What Can You Do?
Invest & Incentivize
• What are your priorities?
• What’s doable tech-wise?
• What are challenges to adopting tech in your
supply chain?
• What are your key concerns?