I joined the Nurture Change retreat to share, connect and grow with other business-minded leaders. Here are just some of the highlights over the weekend that I’d like to share with all of you.
When it comes to “future foods” the future is now. How we think about food is constantly evolving. It’s not just how we think about what we eat, but it’s also about how and where what we eat comes from. Some of the trends in the food industry are competing: One region of the world may be focused purely on obtaining a stable and robust food supply to feed their population. While other areas may be more focused on producing food that aligns with their sustainability goals. In some places these trends are converging in a way that (hopefully) addresses all of our global goals.
Dispelling some common myths around blockchain.
1: A single person invented blockchain.
Unknown. “Satoshi Nakamoto” invented blockchain, but whether “Satoshi Nakamoto represents an individual or a group of individuals is a mystery.
2: Blockchain technology uses more electricity than Ireland.
Fact. A single bitcoin transaction uses about the same amount of energy as it takes to boil 36,000 kettles of water. That’s a lot of tea! By summer 2019, it’s estimated that the total energy consumption for blockchain will be roughly equivalent to the entire US output.
With every tweet US President Donald Trump seems to be escalating more trade conflicts among formerly-trusted US trading partners. With these conflicts escalating and spreading from China to Canada to Mexico to Turkey, it’s fair to ponder what the likely fallout will be for the dairy industry.
Approximately 3 billion people worldwide rely on seafood as their primary protein source. This puts tremendous pressure on wild stocks which, according to WWF’s Living Planet Report, declined by 50% between 1970 and 2012. The seafood industry is both behind and ahead of the curve when it comes to sustainability. On the one hand, numerous internationally-recognised organisations track and certify the industry’s sustainable catch around the world, but, on the other hand, the sustainable market is unable to cope with the magnitude of growth that has happened in the industry over the past generation or so. Even so, the portion of seafood which is sourced sustainably is steadily increasing.
Like other agribusiness sectors, the global dairy industry faces a slew of challenges. Successful innovation will be the key driver for negotiating this period of instability. What are the top issues facing the dairy industry? How can the industry transform these challenges into opportunities?
The world of dairy trading is complex and nuanced. Traditionally, dairy transactions have occurred over the phone or by email, with manual integration processes and ad-hoc databases used to record any history. But, as we move deeper into the future, e-Commerce is becoming more of an industry norm.
Cream's European Business Development Manager, Michael Vaughan, recently presented at DAO's Summer Seminar in Arnhem, Netherlands. The seminar was an opportunity for key people in the dairy trading industry to get together to make contacts, share ideas and understand the way forward for online dairy trading.
Are you someone who believes that technology itself is driving change? Whether we have articulated it or not, most of us actually believe in human-centred innovation. We believe that technology is at its most effective when it changes to suit the needs of its users.
“Knowing who your users are is only half the question. You must also know who you are.” - Aarron Walter, Author Designing for Emotion
Dairy. We know the challenges. We know the pressure points. But what is less talked about are the opportunities. It is in the best interest of producers and consumers for a dairy portfolio to be created in a way that entrenches long-term industry viability. Here are five areas where the dairy industry can place itself at the leading edge of innovative thinking.