The global food system is facing unprecedented challenges that threaten its long-term sustainability and resilience. With the world’s population expected to exceed nine billion by 2050, there is a pressing need to increase food production by 50% to meet rising demand. However, the current agricultural model is contributing significantly to climate change, accounting for a staggering 33% of global emissions. To achieve net zero targets, the food system must undergo a substantial 67% reduction in emissions by 2050.
The Irish and global food sectors are increasingly susceptible to disruptions arising from a changing regulatory landscape, evolving consumer preferences and the impacts of climate change. While agricultural industrialisation has successfully fed growing populations to date, the current system is under immense pressure and in need of transformation.
To thrive in this changing food and agri ecosystem, leaders must adopt a holistic perspective that recognises the interconnected network of companies, governments, farms and consumers that collectively influence the fragmented market. Success will depend on developing new ways to exchange value as business models evolve, and exploring opportunities in adjacent industries converging with food such as waste management, last-mile logistics and carbon marketplaces.
We have identified six critical dimensions for driving systemic change across the food domain, presenting both challenges and opportunities for growth:
Our insights aim to encourage a collaborative approach among companies, emphasising environmental stewardship and economic viability. By working together, businesses can adapt and thrive, ensuring a robust, equitable and resilient global food system that meets the needs of present and future generations.
Reinvent your business for a sustainable future by embracing these six dimensions of change. Contact us today to learn how our expertise can guide your organisation’s journey towards a more resilient and responsible food and agri ecosystem.