Innovation in agriculture is one of the hottest topics at the moment due to the industry facing a number of challenges in the past years, including rising suppliers’ costs, labor shortage and major changes in consumer preferences for more transparency and sustainability.
According to Crunchbase data, venture capitalists invested more than $4 billion into the AgTech space in both 2018 and 2019, with 2020 not showing any signs of slowing down. Seana Day from Better Food Ventures also added that “COVID-19, with its disconnect between demand signals and supply, has reminded the world about the food supply chain.”