According to a new report by Accenture, global population growth, expected to exceed 20 percent, and the shift from rural to urban life will increase demands for future food-stocks and shorter, more efficient supply chains.
Food production will continue to be vulnerable to the impacts of rising global temperatures, with water stress and drought becoming more common.
Advances in technology and open access to capital will fuel an explosion of business model innovation. With margin pressure mounting on commoditized categories, digital (and physical) transformation will be essential to the food marketplace. Grocers need to create platforms that enable multi-sided networks, supplier collaboration, and integrated services to capture revenue outside traditional categories of goods.
By 2050, global protein demand will increase by 80 percent over today’s levels, and traditional advancements won’t be up to the yield challenge. Instead, the food base will change and broaden.
You can read the full report here.