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Tag: Food Business

  • How Tech Bolsters the Fight Against Food Insecurity | Entrepreneur

    How Tech Bolsters the Fight Against Food Insecurity | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The human race numbered 1 billion people in 1804, the U.N. estimates. It took only 218 years since then for our population to multiply eightfold. That exponential growth creates challenges in securing the necessary resources to feed this growing population.

    In 2023, in much of the developed world, it may not feel like there is a lack of food or even shortages of certain products or items. Yes, food prices have been steadily rising, but when perusing the shelves of your local supermarket, it’s common to come across sea bass from Chile, avocados from Portugal, shrimp from Indonesia, olives from Greece and mangos from Thailand. This might create a false sense that food products from across the world are plentiful, but in reality, our current consumption rates will reach a tipping point.

    With wars and famines triggered by climate-induced natural disasters compounding our exploding population, innovative approaches to mitigating ongoing food shortages and future possible food crisis scenarios are imperative. And entrepreneurs are leveraging tech to tackle that challenge.

    Related: Market Forces Alone Likely Won’t Solve the Food-Security Problem

    Fermenting a food revolution

    Extreme-weather conditions disrupted recent harvests across Spain and North Africa, causing severe shortages of many common vegetables in the UK, including tomatoes and peppers. Developing countries like Somalia and North Korea, all too familiar with the horrors of starvation, find themselves amid devastating food shortages. In both countries, it is believed that around half the population suffers from a lack of nourishment.

    Food shortages caused by severe weather or other climatic conditions constantly plague poorer countries far worse than richer ones. These nations must look to solutions that are affordable and maximize the preservation of food products. Fermentation, a common practice across nearly every society used for pickling vegetables, producing yogurt and brewing alcoholic beverages, can be used by innovative founders to offer practical and affordable solutions.

    Industrial fermentation can expand the millennia-old practice by scaling up and adding new, healthier and tasty food options in an eco-friendly and affordable manner. As a metabolic process producing chemical changes in organic substrates, fermentation in food production refers to the use of microorganisms, including bacteria, yeasts and molds, to bring a desirable change to food or drink.

    And with modern tech, fermentation can be used on a near-unlimited number of organic foods and beverages, enabling them to enjoy drastically longer shelf lives. Advanced technology is helping make fermentation even more relevant.

    Related: Plant-Powered Future: 8 Trends in Vegan Meat, Egg and Dairy to Watch for in 2022

    Precision fermentation technology has been leveraged to produce drugs and food additives, but now scientists are developing new alternatives to classic food products. Alternative types of proteins, milk, cheeses, fungi, wheat and dairy products can provide populations with healthier and cheaper versions of familiar foods. Precision fermentation requires 1,700 times less land than the most efficient agricultural means of producing protein, and local communities and entrepreneurs can quickly adopt this technology around the globe to stabilize food supplies.

    Organic alternatives

    While fermentation tech will take time to maximize and scale up, agriculture remains the primary outlet to feed humans. The brutal war in Ukraine has disrupted wheat supplies by reducing the country’s output and complicating export efforts. A lesser-known consequence of the war is the disruption of the chemical-based fertilizer market, particularly those that use nitrogen such as Urea, which also harms soil, air and waterways.

    To mitigate the lack of nitrogen-based fertilizers caused by Vladimir Putin’s invasion of Ukraine, biological alternatives can help farmers meet the growing demand. Grace Breeding, an agro-tech startup, has developed organic bio-based fertilizers that have demonstrated the ability to reduce environmental damage while boosting yields on key crops, such as wheat and tomatoes.

    Related: One Year Later, The War in Ukraine Is Having a ‘Massive Environmental Impact’

    AI can play a part, too

    From biofertilizers to fermentation and plant-based meats, science and technology are increasingly colliding with food to help develop sustainable practices and products to counter food insecurity without harming the planet.

    But finding innovative ways to combat hunger today doesn’t stop there. Mainstream tech, like AI, can also play a role. A new study published in Science Advances demonstrates how machine learning techniques can successfully predict where and when the next food crisis will likely occur. By using deep learning to extract relevant text from a database of over 11 million articles focused on food-insecure nations published between 1980 and 2020, the algorithm was able to improve the accuracy of predictions on food insecurity up to a year in advance.

    By better anticipating where and when a food crisis outbreak will happen, humanitarian and relief organizations can efficiently plan, raise funds, delegate resources, and have boots—and food—on the ground earlier, thus drastically reducing the impact of famines.

    Innovation alone isn’t enough. It must be supported by private and public sector initiatives along with popular support. But without entrepreneurs capable of leveraging innovative solutions, the challenge at hand would be impossible.

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    Ariel Shapira

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  • Entrepreneur | What Agribusinesses Should Do To Profit From Modern-Day Satellite Technologies

    Entrepreneur | What Agribusinesses Should Do To Profit From Modern-Day Satellite Technologies

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    Opinions expressed by Entrepreneur contributors are their own.

    As I speak to various agriculture industry representatives wanting to supply their clients with sustainable solutions to address today’s food crisis, I often hear how they either hesitate about the newest satellite technologies or are not sure how to utilize them best.

    In this article, I’d like to explain what satellite technologies are about in agriculture, how industry players can leverage them to help farmers address food security issues, and how to make sure your future partnership with a sattech company will be most fruitful.

    Related: How Agritech Enables Earth-Friendly Agriculture

    The role of sattech in the future of farming

    In the agriculture industry, modern sattech solutions come as mobile and web apps accessible from any Internet-connected device. Once new images and insights are ready, a farmer opens the tool to get visually clear and up-to-date information on the state of their lands.

    Yet the global goal behind this market is not just to make a handy tool to simplify crop management but to help humanity fight hunger and reach food sustainability. One of the United Nations’ sustainable development goals is to end hunger by 2030, and the commercial market of satellite technologies might make the most significant contribution to achieving this outcome.

    How satellites and remote sensing help farmers

    Simply put, remote sensing satellites take pictures of the Earth daily. After that, these images get processed and analyzed using modern machine learning and artificial intelligence algorithms to provide various industry players with actionable insights.

    As technologies advance, the data satellites collect increasingly impacts our lives, whether we’re talking about weather forecasts, news broadcasting, or even personal security. That is why the overall sattech market is expected to grow by 6.5% every year up until at least 2028, when it’ll reach $4.7B.

    The top three benefits provided by today’s satellite-based analytics platforms for agriculture businesses are:

    1. Vegetation Indices. By looking at the fields over time through different sensors, the software can provide you with visual analytics on crop development dynamics, the photosynthetic activity of the canopy cover, water body turbidity and more.
    2. Field Management. Farmers who maintain big crop areas find it difficult to look after them. By being able to watch fields from the sky and send scouts to problematic areas, farmers can react more quickly and keep their crops at top productivity.
    3. Forecasts. Since satellites also track weather, analytics platforms can inform users about weather forecasts and climate changes to help them improve their irrigation and fertilization practices.

    Satellite-based analytics platforms provide farmers with the most extensive reports on their fields, accessible with one click of a web link.

    Related: Can Satellite Imagery Help Bridge the Gap of Food Security?

    How agribusinesses can profit from satellites

    Today, when significant catastrophes happen, satellite images help us assess the damage scale and the consequences’ nature. However, the same can be applied to smaller changes in soil, water bodies or vegetation. Moreover, by analyzing historical data and certain biophysical parameters of the land in question, these changes can be noticed in time and even anticipated.

    Hence the ultimate goal of agribusinesses is to help their clients take care of their lands and produce more yields by predicting the behavior of their crops with satellite technologies. Here are a few examples.

    Because of climate change, insurance companies are challenged to generate risk profiles for their clients in the agriculture industry. In their case, satellite technologies help assess the global warming risks when lending loans to farming cooperatives and agro holdings.

    The end-to-end digital platforms that help food growers and commodity buyers get raw materials and monitor their fields leverage remote sensing to reach more markets and expand their possibilities. For instance, satellite technologies allow forecasting input supply needs and studying farmers’ preferences in a targeted area.

    One of nature conservation agencies’ activities is to review landowners’ claims about crop damage caused by wildlife. Before deciding if a claim should be covered, it is necessary to conduct an investigation involving collecting various data and performing scouting tasks. To speed up investigations, nature conservation agencies utilize satellite-based platforms for field management and near-real-time monitoring.

    Related: Seven Points to Consider When Going Digital in Agriculture

    How you should prepare for sattech

    Before approaching sattech companies, businesses must make preliminary work.

    First, you should know your market. When agribusinesses don’t know their competitors, current market trends, and the expectations of their target audiences, chances are using modern tech will go sideways. That’s because sattech companies must understand how they can help you succeed to evaluate the potential of the partnership.

    Then, you should have a clearly defined growth strategy. I often see agribusinesses expecting to build profit by adding a margin to the satellite technology solutions and reselling them. But such an attitude has never worked this way. A roadmap of further actions turns out to be crucial for the fruitful utilization of satellite technologies in the agriculture industry. Only when you know how you and your clients will be able to grow through innovations will you generate sustainable profits from it.

    Finally, companies must know their users’ attitudes to satellite technologies. It might be so that, for example, a huge amount of effort will be needed to market the innovations. For that, multiple activities like webinars, consultations and workshops might do, and some sattech partners might help with it.

    Ultimately, the biggest fallacy about sattech offers I see on the market is that businesses are convinced that technologies can solve any challenge. Yet it’s not the solution they should focus on, but the problem.

    Satellite-based software is never one-size-fits-all and can’t be used out of the box.

    The market is well-saturated, with multiple companies pursuing different goals and providing extra services for their partners. Finding a perfect sattech partner today means as much as the technology you’re chasing after.

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    Rim Elijah

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