The global food, beverage and agriculture industry faces another challenging period in 2023, but businesses willing to embrace innovation will place themselves in a position of strength.
Water and land scarcity, as well as increasing food waste, are growing as issues in the sector, but can be overcome through technology, investment and sustainable-farming practices.
Consumer preferences towards healthier options and plant-based protein will drive innovation and new product development, which sets the sector up for an exciting period in 2023.
The sector does face challenges, including increasing pressure to produce more food for a growing population with fewer resources.
Rising concerns over food security and the growing impact of climate change on agricultural production also loom, but each of these are being addressed by large parts of the sector, committed to innovating toward solutions.
With industry expertise across the entire FB&A supply chain, ANZ stands ready to support its customers during this critical time.
The economic and geopolitical factors that have shaped an unprecedented period for business around the world are not going anywhere soon.
With 2023 upon us, large organisations face a cocktail of influences impacting the way they do business: rapid digitisation, shifting supply chains, geopolitical uncertainty, and the ongoing impacts of the COVID-19 pandemic.
At ANZ Institutional, we know our customers are looking to position themselves to take advantage of these forces.
As part of our Outlook 2023 series, we’re asking our subject-matter experts to provide insights into a range of complex areas from across more than 30 markets – helping you better understand how you can prepare for the New Year. We’ll be sharing the responses with you over the coming weeks.
Sherrie Banks is Head of FBA, International at ANZ Institutional
This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.