The Next eCommerce Revolution: Agribusiness Marketplaces
Food and agribusiness formed a $5 trillion global industry supported a 2015 McKinsey report.With the growing population of seven .8 billion because it stands today to the ten billion projected by the United Nations in 2057, the market size of this industry will only get significantly bigger as demand for food worldwide increases. This massive opportunity has, in turn, generated tremendous global investment interests throughout its value chain. Innovation via technology and digitalization are seen as pragmatic solutions to assist address a number of the best challenges facing the worldwide food system. Food demand is increasing. Suppliers are seeking for greater distribution and access to the regional or global supply chain. Customers are posing for food traceability, greater price transparency, also as faster, around the clock access to information. New digital platforms have emerged in an effort to deal with these market needs. According to AgFunder’s Agri-FoodTech Funding Report...