What's Happening?
The food industry faces significant challenges due to climate change, with extreme weather events causing crop failures and threatening food security. The European Investment Bank reports annual losses of €28.3 billion in EU agriculture due to climate-related disruptions. Technologies like AI, IoT, and blockchain are helping farmers adapt and mitigate risks, but smallholders need access to these tools to remain competitive. The industry must invest in resilience to protect food supply chains and ensure sustainability.
Why It's Important?
Climate change poses a major threat to global food security, with potential impacts on agricultural productivity, food prices, and supply chain stability. The adoption of advanced technologies can help farmers optimize resource use and improve resilience to climate variability. However, ensuring equitable access to these tools is crucial for smallholders, who play a vital role in global food production. The industry's response to these challenges will shape the future of food security and sustainability.
