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Digitization is essential to ensuring efficiency of the supply chain management in agriculture. It brings transparency and eliminates errors caused by conventional methods. Furthermore, high-quality data – a direct outcome of digitization – lends an operational edge to businesses, necessary for efficient supply chain management (SCM).
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Understanding population growth in relation to food production is significant for sustainable development in the 21st century. The world population is projected to grow from 8 billion in 2022 to 9.7 billion in 2050, and demand for food is projected to reach 3 billion tonnes by 2050. Overall food production is expected to increase by approximately 70% between 2007 and 2050.
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According to the United Nations Food and Agriculture Organization (FAO), up to 40% of global crop production is lost to pests each year. Plant diseases cost the global economy over USD 220 billion, and invasive insects at least USD 70 billion annually. Hence, crop protection products or agrochemicals are vital to pest control, weeds, fungi control, and diseases that damage or destroy crops and curb agricultural production.