What is FoodTech? (4th part)

Food producers want to produce more efficiently

  • In most Western European countries, the five largest supermarkets have a combined market share of 70–80%.
  1. New application areas of technology Innovations increase the applicability of the technology in the food industry.
  2. Improved affordability Reducing the cost of technology and improving specifications.
  3. The demand for more and higher quality products Food demand is rising and the market requires higher and more consistent product quality.
  4. Reduced availability of staff and higher costs Wage costs are rising and the availability of technical personnel is under pressure.

--

--

--

Licas Ventures is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Pairings // Fact 026

So, Make Me An Old Fashioned…

Jam Karet: December 2020

Box of Raisins is Product of a System with No Future

Cigars // Fact 019

Morality and Choices

Wednesday Wisdom 8/7: Bring Back the Hunt!

100% Better Than a Meal Subscription Box

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Licas Ventures

Licas Ventures

Licas Ventures is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth.

More from Medium

Smart Contracts And Why Do We Need To Audit Them

Too many Business Leaders Abdicate rather than Delegate

Using Listening to Promote Change

How to create DeFi project using Solana Blockchain?