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This week we celebrated Back to the Future Day and wow, things have changed drastically since the first movie came out. At a time where anything and everything is a button away, companies are having to think smart about how to keep up with the economy. “The VC Grocery List” by Corie Bown in the Entrepreneur Magazine discussed the progress in technology that made it possible for the food sector to meet millenials’ growing demands for time-efficient and high quality products.
Today we have, “Big Data for farming, alternative and better sources for nutrition, and the reimagination of food delivery,” states Randy Komisar of Tech Crunch.
Among other things, consumers have only scraped the top of the value chain by raving about Postmates and Grubhub. Yet, according to Brown, VC’s have picked up venture trends like plant and insect proteins, aquaponics and urban farming that are predicted to go onwards and upwards. Tech-savvy food and beverage industry is also contributing to the wellbeing of the planet and the population by reducing waste and use of chemicals as well as accelerating distribution.
It’s interesting how millennials’ obsession with tech and Big Data is a trait that’s often criticized is also rousing the world be more and more efficient everyday. The ever-evolving pressure has inspired many to be creative in using technology.
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