Conference Presentation, Panel
Innovations to Build Food Resiliency | Asia Summit 2022
Milken InstituteHolly Freishtat, Beverley Postma, Ian Roberts, Pier Luigi Sigismondi, Sunny Verghese
- OLAM targets reaching one billion consumers with clean-label, no-added-sugar products and aims to produce one trillion servings of fortified food by 2030.
- OLAM intends to accelerate its net zero operations target to 2025 from an original 2030 goal and reduce waste by 230,000 tons within one year.
- OLAM projects Scope 3 emissions reductions of two-thirds by 2030 via the SBTi 1.5-degree pathway, with a full net zero achievement by 2050.
- OLAM warns that failing to meet emission targets could result in an annual cost of $250 million if carbon is priced at $50 per ton, equating to approximately 50% of after-tax earnings.
- Dole plans to source 65% to 70% of purchases directly from farms to disintermediate middlemen and is currently collaborating with 58 startups to disrupt its business model.
- Dole envisions a future standard where QR codes provide consumers with access to carbon emissions and supply chain data, a shift expected to reduce emissions by millions of tons through technology integration and informed choice.
- The Euler Group forecasts that bulk food system solutions must be implemented before 2030, citing a window of less than three years for action.
- The Euler Group anticipates a transition from linear supply chains to a comprehensive system involving banks, finance institutes, investors, tech companies, and innovators.
- Ian Roberts projects that food parks designed to lower production CO2 footprints by 5-10% can daily produce 10,000 tons of staple food while saving 500 tons of CO2.
- Ian Roberts predicts that despite current oversaturation, plant-based meat alternatives will continue to improve in quality and scale, while cellular agriculture will eventually emerge and scale despite current high input costs.
- Clean energy is identified as a prerequisite for all alternative protein technologies to effectively reduce their CO2 footprint.
- Beverly Postma suggests precision fermentation could enable technology deployment for small businesses via low-cost backyard fermenters and predicts a "hockey stick curve" for food tech adoption in the next decade.
- GrowAsia reports that the number of hungry people has increased by 150 million compared to two years ago.
- Bain estimates a $1.55 trillion investment opportunity in Southeast Asia over the next decade to satisfy consumer demand for sustainable and nutritious food.
- Bloomberg has invested eight billion US dollars in the global farm-to-fork system since 2013.
- The panel expects investment effectiveness to increase when private sector, government, and philanthropic capital are aligned toward common goals rather than operating in silos.
- OLAM plans to leverage consumer marketing and connection expertise from partner PLUG to support its sustainability-driven venture brand, RE.