AI-generated summary
The Future Trends Forum of the Bankinter Innovation Foundation expresses optimism about transformative changes in the food sector over the next decade, emphasizing a triple sustainability approach—economic, social, and environmental. Central to this vision is a coordinated global food security strategy led by the United Nations, which involves collaboration among governments, stakeholders, and the entire food value chain to reduce waste, diversify agriculture, and provide affordable, nutritious diets worldwide. A key proposal includes implementing a comprehensive accounting system that incorporates environmental and health costs into food pricing, reflecting the “total cost of food” concept.
The forum advocates for leveraging technology and innovation across all levels of the food system. This includes digital transformation support from telecommunications companies for local producers, fostering foodtech innovations through an international intergovernmental fund, and empowering small farmers with digital tools to become agro-innovators. Policy measures such as banning organic waste in landfills aim to drastically reduce food waste. Together, these strategies seek to address global food challenges by promoting sustainability, enhancing food security, and driving technological advancements that ensure a resilient and equitable future food system.
Recommendations from the experts of the Future Trends Forum for the future of food and the food system.
The Future Trends Forum of the Bankinter Innovation Foundation is optimistic about the changes that will occur in the next decade in the world of food and how to face them from the perspective of triple sustainability (economic, social and environmental).
- Reviewing the global food security strategy and goal implementation: The United Nations must coordinate with government agencies and enable contributions from other stakeholders, establishing the strategic goals for the food system.
- All agents involved in the value chain collaborate in order to reduce waste and ensure the diversification of agriculture and more nutritious, affordable diets for everyone.
- Develop a true accounting system of environmental costs globally for all publicly listed companies.
- The ‘total cost of food’ idea is implemented; this means that food prices should include environmental and health costs in the future of food.
- Telco companies could offer digital transformation processes to local producers.
- Promote innovation in all areas and for everyone involved in food systems, so that they can respond to the opportunities brought about by the great challenges, leveraged on technology.
- Create an intergovernmental international foodtech fund to develop innovative food technologies that will impact food security.
- National governments could ban organic waste to stop food waste in landfills. A transformational policy to reduce food waste.
- Support small farmers to make improvements with digital tools, enabling them as agro-innovators.
