Technology in Agribusiness: Opportunities to Drive Value

Technology in Agribusiness: Opportunities to Drive Value

By
Hau L. Lee, Haim Mendelson, Sonali Rammohan, Akhil Srivastava
Value Chain Innovation Initiative. August
2017

New technologies are driving fundamental shifts in the evolving agribusiness value chain, from operational excellence and supply chain orchestration, to transparency. Advancements in artificial intelligence, system design solutions, and orchestration technologies can further facilitate intelligent food production and enable the development of new business models. As a result, food systems will become more productive, efficient, sustainable, inclusive, transparent, and resilient.

The use of new technology is necessary to move the world’s agriculture to a more productive path. Over the next few decades, a rising global population will put great pressure on food systems. While the overall demand for food is expected to be met over this timeframe, it is unclear whether it can be met in a sustainable manner. Technological innovation is one lever that can address environmental, social, and economic challenges and opportunities in the growing food and beverage industry.