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This presentation discusses the current status and future prospects of the global grain and food market, emphasizing the importance of innovation, collaboration, and effective knowledge management. It explores the potential of new technologies such as artificial intelligence, robotics, drones, and wearable devices in agribusinesses. The speaker highlights the need for a culture of innovation, the significance of commercialization success factors, and the power of partnerships in enhancing competitiveness and creating wealth.
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Global Grain & Food Market OverviewWhat is the way forward? Presentation at Globoil International’2019 at Dubai By: VIJAY SARDANA International Food Business & Regulations Expert Member, Commodity Derivatives Advisory Committee, SEBI, India Director, Achievers’ Resources (Risk Management & Technol-legal and Agri-Business Investment Advisory Company) Contact: sardana.vijay@gmail.com
Global Trade Overview Contact: sardana.vijay@gmail.com
World Trade in Goods Contact: sardana.vijay@gmail.com
Maize Yield Contact: sardana.vijay@gmail.com
Soybean Yield Contact: sardana.vijay@gmail.com
Innovation Management is key for “Sustainable Profit” Contact: sardana.vijay@gmail.com
Typical Agribusiness Value Chain Contact: sardana.vijay@gmail.com
Food Chains : Different Drivers, Different Speeds Contact: sardana.vijay@gmail.com
Innovation Management will be Key Contact: sardana.vijay@gmail.com
Product Adoption Cycle is Changing Contact: sardana.vijay@gmail.com
Pace of Innovation & Product penetration will decide the winners Contact: sardana.vijay@gmail.com
Disruption will keep you on Edge On how many technologies we are working on to remain relevant in today’s world? Contact: sardana.vijay@gmail.com
New Technologies in Agribusinesses at Horizon Imagine – 200 physiological parameters per second is transmitted from your fields or farms • Neural Network • Artificial Intelligence • Robotics - Targeted delivery systems for pests, weeds, sowing and harvesting, etc. • Drones – Remote operations and transmission of information • 3D Cameras and Sensors with various spectrum profiles – Crop & livestock sector • 3D printing – will change the way we buy, supply and maintain our machines • Wearable devices for animals • Gene-editing & nanotechnology • Blockchain – to develop secure systems All these can be managed by master control system and also via mobile. This will facilitate multiple crops at the same time in the same field. Contact: sardana.vijay@gmail.com
The Way Forward to Develop Success Innovation Culture “Ensure Success with Speed” Contact: sardana.vijay@gmail.com
Commercial Success depends upon Effective Knowledge Management – Mindset Challenge Contact: sardana.vijay@gmail.com
Pace : Success Factors for Commercialization • Traditional incubation programs today can be long and drawn out, lasting anywhere from 4-12+ months. • During that time you’re left on your own with little action in between. • This duration provides a disservice to the entrepreneurs involved by not helping them quickly validate their idea early enough so that decisions can be to more forward or pivot to another direction. • Instead, this crawling pace encourages slow company growth and development leading towards a higher likelihood of failure. Contact: sardana.vijay@gmail.com
Attention : Success Factors for Commercialization • Most incubation programs today work with a cohort size of 50-100+ start-ups. • This is in part due to the nature of how they generate revenue (yes, they’re a business too) have to bet on a large number of start-ups to ensure they see a profitable return. • Which means you become a number. Sadly, this is a structure built for fast winners, and everyone else falls between leaving you on your own, little personal support, or being given a helping hand. Contact: sardana.vijay@gmail.com
Network: Success Factors for Commercialization • This is what most companies / entrepreneurs fail to truly capitalize on while a part of an incubator program today. • Good programs survive and thrive on their strong networks of mentors and investors who each have given their time and resources for support. • But most programs fail to help entrepreneurs understand the network’s value and entrepreneurs fail to capitalize and to build meaningful relationships with those inside the network. • This leads to a higher chance of failure because when trouble arises entrepreneurs look back for attention from their program or hesitate on a pivot and take instead are on the path of a slow death.
Sensible Agribusinesses can create wealth for you in future provided we put our house in order • Recognise the potential of “Power of Partnership”- to enhance the competitiveness of firms by increasing productivity and innovation. • Countries needs technologies for wealth and employment creation not just imports. Just think about it what is more useful for the nation, scientists, start-ups, farmers and citizens? • Many wants to use other countries as dumping ground i.e. only as market and willing to export but no interest in investments. • Countries are reviewing policies to promote investments, reduce time for approvals & ensure quality systems to retain consumer confidence. Contact: sardana.vijay@gmail.com
By when we will be ready to face these competitors? Contact: sardana.vijay@gmail.com
Global Trade directions will change again…but where? Contact: sardana.vijay@gmail.com
Biggest Challenge is “Management Mindset” Shift away from “Commodity Mindset” to “Sensible Customised Product Innovations” for wealth creation. Example: “Blending of Oils” and “Mixing of Grains” is NOT innovation. Innovation must create entry barriers for competition – Vijay Sardana
Open for Discussion Feel free to contact Email: sardana.vijay@gmail.com or You can read / download this & other presentations from: Blog: Vijay Sardana Online Twitter: @vijaysardana
