Thoughts for FoodEmbracing the Technology and Innovation OpportunityPete Williams@rexster ##foodSAsummit May 2016

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.

Digital drives Jobs and Growth

Innovation = Trying new ideas

If you want shade today, you needed to plant a tree 10 years ago

Choosy

Quantified Self

Pulling it Together

Sensors, Data, Provenance

Performance Ecosystems

Tap the Crowd

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

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?

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

Great Online Resource – Food Tech Connect