Is digital innovation helping to future-proof agriculture in South Africa?

SME Banking
Q+
15/05/2023 News

Agriculture faces an almost impossible task: How must it meet the food demands of a global population that is projected to reach 9,7 billion by 2050 with natural resources that have already diminished and will continue to decline? In addition, the pandemic highlighted weaknesses in a food system in which 33% of all food produced was already being wasted, where shelves were empty while surplus food was being destroyed on farms and in the value chain.

Fortunately our world is all about disruptive technologies transforming the way we do business, and agriculture is no different. A report released in 2021 by the World Bank, entitled What’s Cooking: Digital Transformation of the Agrifood System, explores how digital innovation in the agricultural value chain is helping to minimize inefficiencies in the food system; boost food safety; improve resource efficiency; and help consumers track the environmental footprint and nutritional value of what they’re eating.

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