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

Siddhartha Paul Tiwari

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Natural ingredients; technology and ingredients; digital transformation and natural ingredients; natural ingredients industry and society; socioeconomic implications and natural ingredients industry (search for similar items in EconPapers)
JEL-codes: O10 O30 O33 Q0 (search for similar items in EconPapers)
Date: 2024-07-31
References: View references in EconPapers View complete reference list from CitEc
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Published in Ingredients South Asia 17.21(2024): pp. 15-21

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