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Agri Business Review | Wednesday, May 25, 2022
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Investment Monitor outlines trends that could affect the agribusiness industry in 2022, from robots to waste reduction and sustainability.
FREMONT, CA: Covid-19 continues to have a significant impact on the agribusiness industry, resulting in global difficulties such as grocery shortages. Meanwhile, consumers' preferences for healthier lives are growing, and the world continues to face the issue of feeding an ever-growing population while combating the climate crisis. Indeed, the agro-industry faces numerous challenges. From robots to waste reduction and sustainability, the Investment Monitor analyses issues that could affect the agribusiness industry in 2022.
Robotics help in supply chain security
A labor shortage caused by the pandemic has been cited as one of the leading causes of problems with food supply chains. As a result, the function of robotics in agricultural supply chains has taken center stage, and it is a potential agribusiness trend to watch in 2022. Agricultural robots can also assist farmers in reducing inputs such as pesticides, herbicides, and fertilizers, improving agriculture's sustainability.
Improved sustainability and the internet of things
IoT technology, in the same spirit as robotics and within the agritech field, has the potential to make agricultural and agriculture supply chains more efficient and, as a result, more sustainable. The application of IoT in agriculture is diverse, ranging from drones to inspect or spray crops to intelligent greenhouses and intelligent sensors to increase yields while reducing resource consumption.
Sustainability and waste reduction
It coordinates regulations and investments in food cultivation, harvesting, handling, packaging, storage, transportation, and processing can reduce the wastage of food. It is one of the most crucial policy topics for lowering the cost of healthy foods in food supply chains. The Covid-19 pandemic is still causing issues worldwide, and the virus is expected to dominate agriculture trends. However, this should not minimize the importance of other critical issues, such as combating the climate disaster.
Plant-based alternatives are becoming more popular.
There is a continuous increase in adult obesity in most global regions, and everyone is moving towards healthier diets. People voluntarily moving towards plant-based alternatives or diets could reduce the country's health services. Agricultural greenhouse gas emissions with livestock accounting, As a result, more and more people are turning to plant-based alternatives to lessen their carbon footprint.