How can we use digital solutions to tap into agriculture’s potential?
Agriculture and agribusiness in emerging markets hold vast potential. Recent estimates, for example, forecast sub-Saharan Africa’s agricultural sector to be a $1 trillion industry by 2030. Current data indicates that agriculture accounts for 32% of the GDP in SSA and employs the majority of the adult population.
However, markets in these countries are not optimized and are fraught with risk, rent-seeking behaviors, child labor, and much more. Furthermore, existing risk management approaches prove ineffective in mitigating costly, but predictable risks.
Supply chain risk management is key
To optimize agriculture’s potential, supply chain risk management is essential. The strength and resilience of supply chains and suppliers can determine sourcing risks, a company’s reputation, access to (ESG/impact) finance, and a company’s overall risk profile. In agricultural value chains, current supply chain management approaches remain limited in their effectiveness because of limited reach, sparse data, poor collaboration, and lack of capacity and incentives. The current COVID-19 crisis has exposed these gaps even more and highlighted how vulnerable agricultural supply chains are.
Using digital tools to optimize agricultural potential
So, how can we use digital solutions to tap into agriculture’s potential? How can we optimize agricultural value chains and mitigate risks?
After more than a decade of assessing and collecting data, SCOPEinsight is building digital models to introduce a new approach to risk measurement and management. Our business intelligence unit has created six unique solutions for both private sector and public sector partners to help facilitate work in emerging markets.
How to get involved
By using our digital tools and data, we can address the biggest challenges in doing business in emerging markets. With food production expected to increase to 70 percent by 2050 due to rising demand, there is a unique opportunity for emerging market countries to elevate their agriculture industry. Large-scale implementation of SCOPEinsight’s digital solutions can help de-risk investments and strengthen value chains. We can use digital solutions to tap into agriculture’s potential!
We are looking for partners who want to co-create and validate the six data solutions with us. Will this be you? Contact us today to see how you can become part of this Ag data revolution.Back to news