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Thoughts for FoodEmbracing the Technology and Innovation OpportunityPete Williams@rexster ##foodSAsummit May 2016
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Mega Trends• A hungrier world – population growth driving global demand for
food and fibre• A wealthier world – new middle income class increasing food
consumption and diversity of diets• Choosy customers – information empowering consumers to have
expectations for health, provenance, sustainability and ethics• Transformative technologies – changing the way food and
products are made and transported • A bumpier ride – with expected risk profile changes resulting from
globalisation, climate change and environmental change.
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Digital drives Jobs and Growth
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Innovation = Trying new ideas
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If you want shade today, you needed to plant a tree 10 years ago
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Choosy
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Quantified Self
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Pulling it Together
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Sensors, Data, Provenance
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Performance Ecosystems
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Tap the Crowd
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NetworkConnections with others to create value
ProcessSignature or superior methods for doing your work
Product SystemComplementary products and services
ChannelHow your offerings are delivered to customers and users
Customer EngagementDistinctive interactions you foster
Profit ModelThe way in which you make money
StructureAlignment of your talentand assets
Product PerformanceDistinguishing features and functionality
ServiceSupport and enhancements that surround your offerings
BrandRepresentation of your offerings and business
Managing across your innovation portfolio | Ten Types of Innovation
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Small Moves, Smartly
Made
Get Involved with Platforms
and Ecosystems
Get good at collaborating and learning
Get aggressive in cloud, social, mobile, and
data
What Should We Do to Grasp the Opportunity?
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Some Resources• Most Innovative Companies Survey –
www.mostinnovative.com.au • Books – The Innovation Formula – The Innovator’s Hypothesis– Ten Types of Innovation
Also Centre for the Edge http://www2.deloitte.com/us/en/pages/center-for-the-edge/topics/center-for-the-edge.html
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Great Online Resource – Food Tech Connect
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