With every tweet US President Donald Trump seems to be escalating more trade conflicts among formerly-trusted US trading partners. With these conflicts escalating and spreading from China to Canada to Mexico to Turkey, it’s fair to ponder what the likely fallout will be for the dairy industry.
Approximately 3 billion people worldwide rely on seafood as their primary protein source. This puts tremendous pressure on wild stocks which, according to WWF’s Living Planet Report, declined by 50% between 1970 and 2012. The seafood industry is both behind and ahead of the curve when it comes to sustainability. On the one hand, numerous internationally-recognised organisations track and certify the industry’s sustainable catch around the world, but, on the other hand, the sustainable market is unable to cope with the magnitude of growth that has happened in the industry over the past generation or so. Even so, the portion of seafood which is sourced sustainably is steadily increasing.
Like other agribusiness sectors, the global dairy industry faces a slew of challenges. Successful innovation will be the key driver for negotiating this period of instability. What are the top issues facing the dairy industry? How can the industry transform these challenges into opportunities?
The world of dairy trading is complex and nuanced. Traditionally, dairy transactions have occurred over the phone or by email, with manual integration processes and ad-hoc databases used to record any history. But, as we move deeper into the future, e-Commerce is becoming more of an industry norm.
Cream's European Business Development Manager, Michael Vaughan, recently presented at DAO's Summer Seminar in Arnhem, Netherlands. The seminar was an opportunity for key people in the dairy trading industry to get together to make contacts, share ideas and understand the way forward for online dairy trading.
Are you someone who believes that technology itself is driving change? Whether we have articulated it or not, most of us actually believe in human-centred innovation. We believe that technology is at its most effective when it changes to suit the needs of its users.
“Knowing who your users are is only half the question. You must also know who you are.” - Aarron Walter, Author Designing for Emotion
Dairy. We know the challenges. We know the pressure points. But what is less talked about are the opportunities. It is in the best interest of producers and consumers for a dairy portfolio to be created in a way that entrenches long-term industry viability. Here are five areas where the dairy industry can place itself at the leading edge of innovative thinking.
Generally speaking, we’re wired to overemphasise the importance of the current moment in time. For most of us, the era we’re living in feels like the beginning of something brand new, something big. When, in fact, people felt the same way in 1900, and then again in 2000. And so on. There’s a general insistence that our own current moment in time should be placed front and centre.