The Digital Transformation of the Natural Ingredients Industry: A Framework for Action Future Perspectives and Emerging Trends

Tiwari, Siddhartha Paul (2024): The Digital Transformation of the Natural Ingredients Industry: A Framework for Action Future Perspectives and Emerging Trends. Published in: Ingredients South Asia , Vol. 21, No. 17 (1 August 2024): pp. 15-21.

Abstract

As the world's population continues to grow, natural ingredients play a crucial role in feeding it. Providing food for a growing global population presents its own set of challenges, particularly when considering the importance of sustainability. The advancement of emerging technologies will help to meet the growing demand for automation, digitalization, and sustainability in the natural ingredients industry. New trends indicate a shift towards more efficient and effective use of resources and time, while reducing operational losses. The authors have identified several macrotrends driving the natural indgredients ecosystem. The following is a selection of macro trends, which is not exhaustive or comprehensive. The natural ingredients industry remains one of the least digitized industries, despite the fact that technology has been a part of our everyday lives for many years now, and even with the advent of large language models. As a result, the socioeconomic implications are significant. The purpose of this paper is to present a framework for action on the digital transformation of the natural ingredients industry, along with future perspectives and emerging trends.

• Item Type: MPRA Paper
• Language: English
• Keywords: Natural ingredients, technology and ingredients, digital transformation and natural ingredients, natural ingredients industry and society, socioeconomic implications and natural ingredients industry
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General

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