Tech
Investors: Is this sector the one to watch? | ticker VIEWS
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:
“Our prediction is that over the next few years food tech, that is the convergence of food and tech to create new products, will become the most important growth sector. Not just for investors but for humanity.”
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.”
Author
German electric jet start-up company Lilium announced on Monday that it will be entering a $1 billion commercial deal with Brazilian airline Azul.
Lilium takes to Brazilian skies
The partnership will see 220 of Lilium’s jets, which are designed to take off and land vertically, in Brazillian skies within the next five years.
The initiative is part of a new electric vehicle take off and landing (eVTOL) aircraft network which could radically change high speed regional travel for the country.
Daniel Wiegand, Co-Founder and CEO of Lilium says the partnership will bring further success to the Brazilian aircraft company.
“Azul has brought convenient and affordable air travel to underserved markets across the Americas and this makes them an ideal partner for Lilium,” says Wiegand.
“We’re excited to work with Azul’s seasoned team to deploy a co-branded eVTOL network in Brazil.”
The seven-seater jets are expected to cost $4.5 million to produce, according to CNBC who spoke with Alex Asseily, Lilium’s chief strategy officer.
Additionally, they’re expected to reach speeds of 175 miles an hour, while covering a 155 mile range.
Lilium seven-seater passenger jets to transform travel
Brazil is home to one of the world’s leading civilian helicopter and business aviation markets and sees close to 100 million domestic passengers annually.
Because of this, John Rodgerson, CEO of Azul, says they have the full potential to implement the eVTOL market in the country as the demand for it exists.
“Our brand presence, our unique route network, and our powerful loyalty program give us the tools to create the markets and demand for the Lilium Jet network in Brazil,” Rodgerson says.
“As we did in the Brazilian domestic market over the last 13 years, we look forward to again, now with the Lilium Jet, working to create a whole new market in the years to come.”
Since Azul’s founding in 2008, Chairman David Neeleman says the Brazilian Aviation market has since doubled with the company, capturing almost 60 percent of the growth.
“We know how to create and grow new markets, and once again we see a huge market opportunity by bringing the Lilium Jet to Brazil.”
Written by Rebecca Borg
Author
The EU has ruled that Amazon may be infringing its 300 million users’ right to privacy
The European Union is fining Amazon $888 million for violating its data protection rules.
CNPD is the EU’s lead privacy watchdog. It accused Amazon of “processing personal data in violation of the EU’s General Data Protection Regulation”.
The online retail giant lashed back, saying they findings are “without merit”.
Amazon says there has been “no data breach”
“There has been no data breach, and no customer data has been exposed to any third party,” Amazon said in a statement.
“These facts are undisputed. We strongly disagree with the CNPD’s ruling.”
Data and privacy concerns
This comes after years of criticism for Amazon over data privacy concerns. The company says it collects data to ‘improve the customer experience’, but some regulators remain concerned.
Lawmakers say that this data trove may give the online retail giant an unfair advantage in the market.
EU privacy watchdog cracks down on US tech giants
Amazon isn’t the only US-based tech giant facing these criticisms. This comes after an ongoing EU investigation into American tech giants.
The investigation is also looking into Microsoft. Particularly, the use of Microsoft 360 to transfer data.
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