Money is pouring into the US stock market at the fastest pace since 2015.
This can’t and won’t last forever.
With valuations sitting close to all-time highs, and investors starting to predict higher inflation will push the US Federal Reserve to tighten monetary policy, let’s prepare for what happens next.
A combination of timing and changing consumer needs could see one sector offer huge potential:
Steven Maarbani, VentureCrowd CEO
What role are consumers playing?
“Last year global food tech startups raised 26 billion US dollars. That was a 35% increase on the year before. The global food tech sector is currently forecast to grow to up to 346 billion US by 2027. Now that’s a massive rate of growth” according to Maarbani.
So why does the food and agriculture industry need fixing anyway?
Maarbani says it has a little something to do with our lives.
“The industrialisation of food has been driven far more by prioritising low cost food and economic development than the health and weakness of consumers on the planet.”
“75% of the western diet is composed of wheat. Sugar represents 20% of our daily energy intake. Now those ingredients might make good economic sense at a production level. But they’re literally killing us.”
There’s also a growing trend for conscious investing. We want great returns no doubt, but we want business to matter and take the world forward.
We know there’s a link between what we eat and obesity, diabetes, cancer and Alzheimer’s disease.
If we combine these innovations in food tech, and our growing awareness around food education, it could reduce the overall burden of these health related issues. And that saves big money.
According to a report by Google and Boston Consulting Group there are a number of factors contributing to the growth of the industry.
The Indian food-tech industry is set for compound annual growth of 25-30 per cent to USD 8 billion by the end of 2022. Why? The rise of internet penetration, increasing number of orders and consumer disposition are all playing their part.
“Riding on the wave of higher consumption in a growing market and maturing dynamics on the supply side, we expect the industry to grow from USD 4 billion to USD 8 billion in the next three years, a massive 25 per cent growth rate,” the report titled ‘Demystifying the Online Food Consumer’ said.
And according to Maarbani, Covid-19 has played a role “I really think the last 18 months around Covid, the importance of health and wellness and lockdown has fuelled a lot of that.”
SpaceX funded flying car company boasts huge pre-orders
Alef Aeronautics, a pioneering flying car company backed by SpaceX, has announced a significant milestone in its journey towards revolutionizing personal transportation.
The California-based firm revealed that preorders for its futuristic electric vertical takeoff and landing vehicle have surpassed 2,850, signaling robust demand for its innovative technology.
The Alef Model A, a two-seater flying car, has garnered widespread attention, with eager customers securing preorders by placing a $150 deposit online.
Alef aims to offer customers flexibility by allowing them to withdraw their deposits at any time, ensuring they’re not committed to the purchase.
With a planned price tag of $300,000 per vehicle, the cumulative order value from the preorders has exceeded $850 million, underscoring the significant market interest in Alef’s groundbreaking offering.
Jim Dukhovny, CEO of Alef Aeronautics, expressed pride in achieving this milestone, highlighting the Model A’s position as the bestselling aircraft in history, surpassing established aviation giants like Boeing and Airbus.
Despite the substantial investment required from prospective buyers, Dukhovny emphasized the necessity of the higher price point for Alef’s startup operations.
Alef is committed to delivering cutting-edge technology and ensuring the utmost safety and performance standards, factors that contribute to the pricing strategy.
The Alef Model A, showcased as a half-size model at the Mobile World Congress, distinguishes itself from competitors with its innovative design.
Unlike traditional eVTOLs, which often resemble drones or helicopters, the Model A bears a closer resemblance to a conventional car, with a mesh shell housing rotors that facilitate vertical takeoff and landing.
Apple unveils M3 powered MacBook Air
The unveiling includes updated models in both 13-inch and 15-inch variants, showcasing Apple’s continued innovation in the laptop market.
The M3 chip, initially introduced in October alongside versions for the iMac desktop and MacBook Pro laptops, aims to enhance performance and user experience across Apple’s product lineup.
The introduction of these new MacBook Air laptops comes as Apple reported $7.78 billion in Mac revenue during its fiscal first-quarter earnings, reflecting a modest growth of less than 1%. With the latest computers boasting advanced features and capabilities, Apple anticipates a potential boost in sales.
Key enhancements in the new MacBook Air lineup include sharper 1080p webcams, support for faster Wi-Fi networks, and an impressive battery life of up to 18 hours.
Design is consistent
Despite these improvements, the design of the laptops remains consistent with earlier models.
Notably, the M3 chip enables users to connect up to two external displays, a notable improvement from previous chip iterations which supported only a single screen.
Apple’s marketing strategy around artificial intelligence (AI) takes center stage with the new MacBook Air release.
The company brands the MacBook Air as the “world’s best consumer laptop for AI,” signaling a heightened focus on AI capabilities. This shift in language suggests Apple’s intent to compete with emerging Windows laptops marketed as “AI PCs.”
Headache for Musk and Tesla as Chinese EV slashes prices
China’s leading electric vehicle (EV) manufacturer BYD has unveiled a new version of its best-selling car at a price lower than its predecessor.
It signals a fierce price battle in the world’s largest automobile market.
In a bid to maintain its competitive edge, BYD has slashed prices for several models, following similar moves by rivals.
The price change represents a significant 12% reduction compared to the final sales price of its predecessor.
Analysts suggest that BYD’s aggressive pricing strategy aims not only to capture a larger share of the domestic market but also to enhance profitability through increased exports.
As competition intensifies and consumer preferences evolve, manufacturers like BYD are strategically adjusting their pricing strategies to remain competitive and sustain growth both at home and abroad.
FAA uncovers Boeing quality control issues
Can U.S. Moon lander Odysseus recover from it’s dormancy?
Trump wins disqualification case at U.S. supreme court
Crypto.com accidentally transfers $10.5m to woman instead of $100
What is happening between SHIB and Vitalik? | TICKER VIEWS
Russia has cancelled itself. But the world should beware of poking the Russian bear￼
Tech2 days ago
Russian spies release tape of secret German meeting held on WebEx
News1 day ago
Economists warn of another major China shock
Tech1 day ago
How to proactively defend against rising cybercrime
Tech3 days ago
Lawyers seeking $6 billion fee from Elon Musk
Tech1 day ago
Balancing AI integration in cybersecurity
Tech1 day ago
What are the three key cybersecurity challenges?
Tech1 day ago
Identifying skill in cyber sector shortage
News1 day ago
Can’t beat ’em, buy ’em – Will Apple buy an EV maker next?