EDGE Roundtable June 2018

2:00PM at EDGE Innovation Hub (BeeHex Conference Room)
1130 Gahanna Pkwy, 43230 

(Every third Friday of every month)

THEME

“The Future of Food”
What are the biggest problems in the food industry?
What are our greatest opportunities for disruption?

SPONSOR

Refreshments provided by BeeHex.

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KEYNOTE

Stan Jacot, President at Jane's Dough Foods.

Stan has worked in the packaged food industry for 20 years. He joined Jane's Dough Foods in 2015 and became President in February, 2018. Thanks for joining us, Stan.

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This Sh*t is Crazy with Mason Estep

Walmart's food safety solution using IBM Food Trust built on the IBM Blockchain Platform
https://youtu.be/SV0KXBxSoio

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Roundtable Discussion Notes

The Future of Food: What are the biggest problems in the food industry and what are our greatest opportunities for disruption?

  • Food personalization
    • Optimization between person-centric and sustainable
    • How do we encourage people to adopt “strange” foods? Design programs of personalization to find foods for people that may be resistant to change. Changing minds will take time, but the recent global climate has people tuning into the “early adopter” mentality more and more
  • How can we utilize “uninhabitable” terrain for farming/agriculture? – oceans, deserts, etc.?
    • Does this have an impact on relocation of labor?
    • Will this be an industry for “unskilled” labor, or will STEM be required?
    • How will logistics work for this industry?
    • What are the possible unintended consequences for this change?
  • Water access will become a serious issue
    • Current risk areas are implementing charging for water use
    • For sustainability, need to find way to hold companies and people accountable for responsible use
  • Growing population = increase in meat production
    • New avenues for meat production, such as lab-grown meat — sustainable tissue production
    • How do we change minds towards acceptance of lab-meat — environment, health, taste or price?
    • Lower amount of waste, green house gas emissions, etc.
  • (Side topic: power consumption for crypto mining)
  • Nitrogen fertilizers — contaminating bodies of water and impacting human life and water supplies
  • Over irrigation = more runoff and spread of contaminants
  • Leveraging the intelligence community approach to predictive analysis — providing more and better information to make decisions in the present
  • Creating predictive models – difficult but necessary
    • Need to shift common focus to future over present
  • AI Technology
    • Currently, AI is penetrating low-risk, “less important” industries faster and faster
    • Training AI can be done now in a virtual space — companies currently using game design and development principles to set up these environments
  • Previous centuries had trend where tech and innovation followed music, art and culture
    • Newer and current trend where innovators and innovation are coming from gaming/around gaming
  • Fast food
    • Opportunity for healthy, fast food
    • Research needed on the science of obesity and the brain. What factors are causing an obesity epidemic and how do we decode?
    • Do we advocate for a "health tax"?
  • Plant-based Foods
    • Opportunity for riding the “plant-based” wave
    • Need for plant-based baby food
  • Preservatives
    • Opportunity for healthy preservatives that both extend shelf-life and are good for the body
    • Frozen food, flash Frozen is a non-chemical preservative
    • Applegate.com
  • Smart City and food delivery
  • Vertical gardens
    • Neighborhood and in-home vertical gardens
    • Opportunity to remake the American kitchen into a vertical garden
  • "Next life" food waste recycling
  • Track food's lifespan, and transition to next life (frozen, canned, recycled, donated) to minimize waste
  • Validated education is a disruptor
    • How can we use technology to validate the information online, and use this validated information to educate and influence positive culture shifts?
  • Follow-up thoughts from Jeff McDaniel:

Food for Thought from Peter Diamandis of Singularity University.

REINVENTING FOOD

  • Food and agriculture accounts for about 5.9% of global GDP.

  • Global food retail sales alone account for about $4 trillion a year, and food accounts for 15% of what American households spend each year.

  • In 1790, farm jobs accounted for 90% of U.S. jobs, compared to <2% today.

  • By bio-printing of meat, we would be able to feed the world with 99% less land, 96% less water, 96% fewer greenhouse gases and 45% less energy.

Read more at http://www.diamandis.com/blog/reinventing-food


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