Digital Harvest Enabling Food Procurement in a Climate Impacted World

This year is no different from last year or any other year before in the Consumer Packaged Goods (CPG) procurement world – it’s a familiar cycle, right? The macroeconomic conditions could change, and COVID-19 could have eased out, but the volatility, market pressure, and inflation are never abating. And the procurement challenge, especially for food-production companies, is further enhanced by climate change woes and its effects on yield, throwing surprises to your carefully crafted procurement plans.

We are sure you couldn’t agree more!

Today, the commodity procurement function of food processing companies itself continues to face challenges that have made its traditional operating models obsolete. Leading food-producing companies are deploying their capabilities, technology, and talent to gain intelligence to propel them far ahead of the competition. In a move from the rest of the pack, the smart ones leverage technology as their ally for leveling up operational excellence and predictability in this competitive, fast-paced industry.

Evidence of this shift: From staple crops like wheat, corn, rice to cash crops like cocoa, and coffee, climate change is resulting in a widespread impact on agricultural production worldwide.