|International Mega corporations meet Agro-tech companies|
|July 2, 2019|
Increasing awareness of the food crisis expected by 2050, together with regulation in the field of food safety, are the two primary causes of heightened interest by mega-corporations in agriculture and agro-technologies, which is driven by two primary interests:
First – corporations are aware of the business potential in this area. For example, Airbus, a satellite manufacturer, has entered the precision agriculture area, providing data from its satellites to agro-tech companies, or mega concerns such as Mitsubishi and Pepsico that seek to invest in pioneering technologies.
Second, food retailing mega-corporations like Pepsico and Walmart are aware of their influence and responsibility to consumers, and understand their need to supply customers with high quality food. In recent years
Executives fromAirbus, Pepsico, Actura, Dole, IFC – World Bank, ST Microelectronics, Mitsubishi
The event took place among Barkan Winery’s vineyards as part of a week-long happening at which 20 companies
During the week-long visit by the international reps in Israel, they held more than 650 business meetings
Many agro-technologies have originated in Israel in recent years. About 200 companies have developed various types of such technologies: artificial intelligence, robotics, drones, satellites, sensors, advanced algorithms for farm management, and smartphones.”
Gadi further noted that there are few events in Israel for presenting these technologies (aside from Agritech that is held once every 3 years), and so he believes in initiating specific events like this in which 10-12 companies participate. This event was successful far beyond expectations.
The Export Institute is very involved in promoting the agro-technology industry worldwide, initiating business meetings, exhibitions, business delegations and of course events like the one we are attending today.”