The global agricultural, food and beverage industry (Agrifood) has a massive economic, social, and environmental footprint—the $5 trillion industry represents 10 percent of global consumer spending, 40 percent of employment, and 30 percent of greenhouse-gas emissions.
And as the global population continues to grow, a 70% increase in food production will be required from the Agrifood industry by 2050 to feed the world .
Meeting this significant increase in food production without harming the environment will be a tall order, as both patterns of food consumption and food production are among the main causes of pressure on the environment and will require a fundamental change in the ways food is produced, processed, transported and consumed to achieve long term sustainable development.
While Agrifood sciences and technologies will play a central role in meeting this 2050 goal, it will also require the transfer of digital technologies from outside the Agrifood sector to truly meet these future challenges without damaging the environment. Practium meets these challenges by helping businesses and industries transform, whilst creating better lives for people.
We work with New Zealand’s Agrifood industry, Government and major city organisations to design innovative strategies which help to digitally transform Primary Industries.