Doubling the world's food production by 2050 will require radical new thinking
To meet the needs of a growing population, multinational corporations need to be able unlock the full value in the food and agriculture ecosystem, and we need to do this at scale. Our approach shows a way forward.
The Unlocking Full Value in the Ecosystem publication was authored by Palladium’s Simon Breure.
By 2050, food production will need to double to meet the rising global population while conditions such as climate change and water scarcity make production increasingly difficult. Furthermore, consumers and authorities have also developed higher expectations for food and agricultural sustainability. This has become especially relevant for multinational corporations operating in developing countries who face recurring issues in their sourcing.
Simultaneously, systemic market failures have contributed to low and volatile productivity of smallholder farmers, which traditional sustainability programs have been unable to successfully resolve. This article lays out the key challenges in food and agriculture supply chains, examines the root causes of why traditional approaches have achieved only partial success in lifting smallholders out of poverty, and details how systemic ecosystem approaches deliver breakthrough and scalable supply chain transformations.
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