Animal Protein Firms Must Pivot to Secure Future in 2023, Says Rabobank
The animal protein industry is facing a critical inflection point in 2023, as they must respond to structural changes in the market while also dealing with rising input prices, supply chain disruption and geopolitical issues. To remain competitive, companies must pivot to become more sustainable businesses, investing in smart data and predictive technology to limit herd loss and manage disease risks. They must also factor in consumer behaviour in a recessionary environment, such as the move towards convenience products.
Data analytics and machine learning can be used to identify areas of the animal protein supply chain that are most at risk of disruption, and to better prepare for and manage future droughts. For example, predictive technology can be used to anticipate changes in consumer behaviour and to identify areas of the supply chain that are most vulnerable to disruption. This information can then be used to develop strategies to mitigate the impact of future droughts, such as investing in alternative sources of protein or diversifying production. By taking a proactive approach to managing drought risks, companies can ensure they remain competitive in the market over the longer-term.
Wow, this is really insightful! Rabobank really knows what they’re talking about. It’s so important for companies to be proactive and take advantage of data analytics.
I’m shokked at the value of data analytics in this area. It’s really impressive how it can help mitigate the impact of future droughts.
This is so interesting – I never realised that data analytics could be so valuable for animal protein firms. It’s amazing how much it can help them prepare for the future.
Hi ther, this is an intersting article. Do you think data analytics can also be used to identify areas of the animal protein supply chain that are most at risk of disruption? Thnaks!