Independent Dialogue
Geographical focus:
Australia, No borders
Main findings
It was universally acknowledged in every panel discussion and presentation that collaboration – and effective communication between collaborating parties – was essential to securing our food future. This extended beyond parties contributing to innovative research, projects, and industry transformation as consumers were identified as a key piece of the puzzle. It was noted during the panel ‘The Rise of Sustainability, Climate Change, and Carbon Markets as Supply Chain Drivers’, that customers are rapidly adopting ethical purchasing behaviours and all members of a supply chain must ‘ea
... Read morern’ consumer loyalty. This could be achieved through ‘radical transparency’ and iterative improvement where brands continuously improve their social and environmental credentials and communicate these activities from paddock to plate. This topic was also highlighted in the panel ‘Flipping the Research: What does true industry-led innovation look like and how can we make it happen?’. The theme of sustainability closed a loop between consumers and producers. On the one hand, technology can reveal the transparency of supply chains to align to the rise of digital, values-based purchasing evidenced in Australia’s retail sector. On the other hand, the prospect of achieving 5% of farm gate revenue through provision of environmental services seems more possible with the rise of voluntary, private carbon and biodiversity markets which reward farmers for cultivating measurable natural capital. The ‘Agtech’ industry was identified as an entirely separate but complimentary industry to agrifood. The discussion ‘Hunting Unicorns in a Burgeoning Australian Agtech Industry’ explored how the production challenges of the future (e.g. feeding a global population of 10 billion people by 2050) would need to be met by technology. Therefore, agtech investment and adoption needed to be rapidly scaled up to meet these global challenges. Risk and resilience were explored from many angles, including through the lens of cybersecurity. It was noted that the move to agrifood system efficiency has increased production capacity but also led to ‘food security complacency’, as traditional risks are reduced and/or better managed but new risks, such as cyberattacks, data theft, and network disruption, remain unmodelled, or are managed in isolation. Read less
Action Track(s): 1, 2, 3, 4, 5
Keywords: Data & Evidence, Environment and Climate, Finance, Innovation, Policy, Trade-offs