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AgFunder News Presents: The Impact of Technology on the Food & Beverage Industry

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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.

Published in: Environment
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AgFunder News Presents: The Impact of Technology on the Food & Beverage Industry

  1. 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. 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. 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. 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
  5. 5. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM 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. 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
  7. 7. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM What is AgFunder? $37M RAISEDBY COMPANIES 100,000+ SITEVISITS PERMONTH 30,000+ MEMBERS& SUBSCRIBERS 2,000+ DEALS REVIEWED 21 LISTED COMPANIES <2% ACCEPTANCE RATE
  8. 8. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM What is AgFunder? AgTech Investing Report 2014-2016
  9. 9. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Technology categories Miscellaneous Food Marketplace/Ecommerce Online Farm-2-Consumer, meal kits, specialist consumer food delivery Innovative Food Alternative proteins, novel ingredients & supplements Bioenergy & Biomaterials Non-food extraction & processing, feedstock technology Supply Chain Technologies Food safety & traceability tech, logistics & transport, food processing Novel Farming Systems Indoor farms, insect, algae & microbe production Robotics, Mechanization, & Equip On-farm machinery, automation, drone manufacturers, grow equipment Farm Mgmt Software, Sensing & IoT Ag Biotechnology On-farm inputs for crop & animal ag including genetics, microbiome, breeding Farm Ag data capturing devices, decision support software, big data analytics Fork
  10. 10. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
  11. 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. 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
  13. 13. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Big Data & Analytics: On-Farm
  14. 14. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM 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
  15. 15. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Big Data & Analytics: On-Farm
  16. 16. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM • 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
  17. 17. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM • Biological shelf-life enhancement from food waste Biotech & Engineering: Supply Chain
  18. 18. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Biotech & Engineering: On-farm Gene-editing Microbiome
  19. 19. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Biotech & Engineering: On-farm • Replace or reduce synthetic & chemical inputs • Grow in harsh, inhospitable environments • Utilize food waste • Increase yield efficiency Climate Change Adaptation CO2 Emissions Reduction Animal Welfare
  20. 20. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Biotech & Engineering: On-farm Gene-editing
  21. 21. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Biotech & Engineering: Consumer – Alternative Proteins
  22. 22. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Biotech & Engineering: Consumer
  23. 23. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Novel Farming Systems – Indoor Agriculture
  24. 24. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM 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
  25. 25. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM Novel Farming Systems – Insect Farming • Animal feed • Human Consumption
  26. 26. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM The Good News $0.4 $0.5 $0.5 $0.9 $2.4 $4.6 $3.2 2010 2011 2012 2013 2014 2015 2016 AgTech Financings 2010-2016
  27. 27. INOGEN WORLDVIEW: MANAGING EHS & CONSTANT DISRUPTION IN FOOD & BEVERAGE LOUISA@AGFUNDER.COM
  28. 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?

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