#RESTART2021 – The Start of The New Era of Innovation

Опубликовано: December 20, 2020 в 22:42

Автор:

Категории: Webinar series

2020 has been the year that confronted many industries with the urgency of change and transformation. Simultaneously, the crisis that paralyzed the world offered incredible opportunities for innovation and game changing transformation at a global level. 

Business Transformation Explained series analyzed in the last six months various industries trying to decode the future of money, banking, healthcare, and food security. 

A few days before the start of 2021 our expert guests gather in an all-star edition to recap the intersection between industries, impact, case studies, and 2021 predictions. 

LIVE ON 28TH DECEMBER 2020

Speakers:

Mustafa Y. Koita- Founder & CEO, Koita Food

Entrepreneur Mustafa Y. Koita is founder and CEO of Koita Foods. He founded the organic food company in 2013 with a mission to make healthy food more accessible for families in the MENASA (Middle East, North Africa, South Asia) region, a vision that is now set to take the homegrown FMCG brand global in other markets. Koita Foods is sold in 1,000+ retailers across MENASA and other emerging markets with revenue continuing to grow thanks to a buoyant organic, lactose free and non-dairy milk markets. Mustafa leads the strategic vision for the company, developing new product lines, such as the hugely popular Oat milk, a growth opportunity he spotted due to the increasing consumer demand for non-dairy milk alternatives.

Bill Ashlock – Founder of Bosa Advisors

Bill is a Financial Services Executive with technology and transformational leadership and execution experience with organizations ranging from start-ups through large scale multinationals.

Host:

DanielfSolmon

Daniel Solomon

Daniel Solomon is the CEO and Delivery Advisor of EROE, a business and digital transformation agency with global operations in Dubai & San Francisco. Daniel’s expertise blends leadership, people’s culture, technical skills and practical case studies aimed to help intelligent businesses to grow and change the way the world works.

  

REPLAY NOW: Food for Thought: Innovation Trends in Food Security

Опубликовано: December 7, 2020 в 23:44

Автор:

Категории: Webinar series

Food security innovation is the most complex subject discussed on the public stage that grew to become a priority in the context of a global pandemic. From food sources, technology adoption, policy and ethics, EROE decoded in a 3- part series the complexity of the food security industry and what it means for the future of sustainability, waste impact and global economic development. 

The gains of technology can be harnessed in all sectors including food and agriculture to bring about innovative solutions that will be beneficial to consumers, entrepreneurs, businesses, governments and the climate as a whole. Considering the natural environmental factors in the GCC and UAE alone, the region is leading the way in fostering an ecosystem for food technology (FoodTech), agricultural technology (Agritech), and smart farming. All these are efforts being made by key stakeholders to create self-sufficiency in local food production. 

In the 3rd installment of our Food Security webinar series we gather industry experts to discuss the food security challenges beyond the borders of the region and have in-depth look at the global innovation trends for 2021.

Our Speakers:

MUSTAFA Y. KOITA – Founder & CEO, Koita Foods

Entrepreneur Mustafa Y. Koita is founder and CEO of Koita Foods. He founded the organic food company in 2013 with a mission to make healthy food more accessible for families in the MENASA (Middle East, North Africa, South Asia) region, a vision that is now set to take the homegrown FMCG brand global in other markets. Koita Foods is sold in 1,000+ retailers across MENASA and other emerging markets with revenue continuing to grow thanks to a buoyant organic, lactose free and non-dairy milk markets. Mustafa leads the strategic vision for the company, developing new product lines, such as the hugely popular Oat milk, a growth opportunity he spotted due to the increasing consumer demand for non-dairy milk alternatives.

MARK TESTER – Co-Founder and CSO, Red Sea Farms

Mark Tester is professor of plant science at King Abdullah University of Science and Technology, and co-Founder of Red Sea Farms LLC. In 2019, he was Head of the Food Sector at NEOM. Prior to joining KAUST in February 2013, he was an ARC Federation Fellow and professor of plant physiology at the University of Adelaide, where he established The Plant Accelerator. Previously, he was a Senior Lecturer at the University of Cambridge, where he also received his PhD in 1988. Mark is now enjoying developing saltwater-based agricultural systems, to improve sustainability of food production.

ABDULAZIZ ALMULLA – CEO Madar Farms

Abdulaziz’s interest in food security began during his time at McKinsey & Co. working extensively with GCC governments addressing a variety of national risk challenges. A serial investor in disruptive technologies (Lyft, Indigo Ag, among others), he is dedicated to addressing the food security challenge. He dedicates time to the region’s food ecosystem as a mentor at Savour Ventures, the Middle East’s first accelerator focused on food.

  

Host:

DanielfSolmon

DANIEL SOLOMON – CEO @ Eroe

Daniel Solomon is the CEO and Delivery Advisor of EROE, a business and digital transformation agency with global operations in Dubai & San Francisco

How Technology is increasing the Food Security in GCC

Опубликовано: October 13, 2020 в 09:52

Автор:

Категории: Insights

Тэги:

The global pandemic of 2020 has brought to the global attention the need for advanced food security, supply management, and self-sufficiency.

A new United Nations (UN) report launched in 2019 states that the world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050. It is also expected to peak at nearly 11 billion around 2100.

A growing population always comes with its merits and challenges as well. 

Most people love to talk about food; but as the global population increases with the society currently faced with a pandemic and the impact of climate change on how we live, food production, security, and distribution must become sustainable. Practical ways to reform agriculture such as soil conservation, consumer education about behavioral changes, and the use of technology to produce, distribute, and reduce wastage ought to have a place on the discussion table. 

As part of EROE’s Business Transformation Explained Webinar series, CEO Daniel F. Solomon led a panel made of Jude Hamod from SRTIP and George Stoyanov from Grant Thornton to predict the future of food security, and answer questions on how innovation and technology can be used as tools in tackling food waste. 

With an extensive background in technology, Jude is the Head of Business Development at the Sharjah Research Technology and Innovation Park whilst George is a Partner at Grant Thornton, a tax and auditing firm in the UAE.

What is food security and how is it economically impacting the UAE and the GCC region?

The United Nations’ Committee on World Food Security defines it as the means by which “people at all times have physical, social and economic access to sufficient, safe, and nutritious food that meets their food preferences and dietary needs for an active and healthy life.” The core of food security is whether people have physical access to food and whether they can feed themselves. 

Secondly, do people have economic access or economic strength for food? This can be looked at from the point of not only the individual person but collectively; first as countries and then from a global perspective. This means that each individual has the opportunity to have food and access its distribution and economic elements to support their families, nations, and so on. This should be done in the most environmentally sustainable and friendly manner in a supply chain cycle that is viable and secured making sure that food is not wasted. 

Each member of the cycle will play a pivotal role in this, and so it is everyone’s business to make this a mindset. Food production, capacity in terms of harvesting as well as technology plays a crucial role. These thoughts were shared by George Thornton during the discussion.

Locally, the UAE stepped up the vision towards the future of food security by launching the National Food Security Strategy which aims to make the  UAE one of the world’s best countries in the Global Security Index by 2051 and among the top 10 countries by 2021.

Main challenges to food security for a global population heading towards 9 billion by 2050

From a technology perspective, Jude Hamod believes that the population is still growing and GDP per capita is also increasing which drives global demand for foods that are resource-intensive such as processed foods. It’s not exactly the availability or affordability factor always for her, however, the main problem is the impact on the environment. Resource-intensive foods have had a negative impact on the environment such as on water, global warming, and the loss of biodiversity. There are ways to tackle these with the right technology. Farming techniques that use resources more efficiently, incorporating food waste processing well, and also going towards a diet that is less based on animal intensive resources is a way to go even though, with the latter, food may become more expensive.

The role of innovation by farmers and how we can support farmer-led innovation to tackle some of these challenges.

The agricultural sector has different challenges globally. In the UAE water consumption is one of them. Techniques such as vertical farming or hydroponics which aim to yield productivity through soilless, precision agriculture which uses satellite, productivity monitoring, huge use of drones, and IoT and technology must be implemented on a large scale. Currently, Jude Hamod mentioned one of the three companies in the UAE which are fully equipped to apply these techniques and several others and must be supported from all angles such as Agritech (Agricultural Technology) and Finance to sustain them. Making technology accessible means investing heavily in technology and innovation.

The United Nations’ World Food Programme has warned that an additional 130 million people could face acute food insecurity by the end of 2020, on top of the 135 million people who were already acutely food insecure before the crisis. This is alarming, and a reflection of the looming impact of food insecurity.

What is the best way to turn people into producing locally and how can it help improve the entire supply chain?

The COVID-19 pandemic has interrupted livelihoods especially in the F&B and Hospitality sectors which are traditionally big in the UAE. We have to support the production of locally produced food even from the perspective of the consumer. Fruits and vegetables are the most perishable items in terms of the food supply chain system and so they rank high in the wastage part. This is why local supply should be encouraged. Hypermarkets and local online stores can also help here. Governments and regulators have a role to play as well. Financiers such as banks can help by investing, and this will create a domino effect to the benefit of all, according to George. There are many opportunities in Agritech and using analytics will be helpful to prevent food loss. Innovation is key.

How do we address the controversy of constantly producing more food to meet the growing demands of the population?

A large percentage of fruits and vegetables always go to waste. They are most susceptible to food wastage because of their natural elements which makes them more perishable. Transporting them means that there may not be a need to add more additives in preserving them. We, therefore, need to find ways to curb the food wastage percentage. It uses the law of increasing numbers. Companies can take advantage of this to optimize waste, improve storage facilities, transportation, and many more in a bid to curb waste. Harvest technologies and packaging is crucial.

Jude believes that controlling storage and transportation is important. The education of people in the supply chain can also help prevent waste. Most solutions are AI-based and so traceability technology is needed to improve the operations and reduce inefficiencies. The use of AI for analytics also helps in forecasting and planning instead of overproducing. Innovative packaging is also important in helping the consumer in being more conscious. This improves dynamic pricing for example on perishable goods.

How do we go beyond price, whilst educating the consumer about how to avoid food waste?

Panelists agree that we must ensure people are buying more organic food, changing consuming behaviours to more sustainable and nutritious foods. We must also encourage the use of applications that help people to be nutrition-conscious leading to 

sustainability is becoming a necessity and not a trend.

Changing the approach to nutrition, Consumers should become conscious buyers and different stakeholders have to be involved in eliminating food waste that leads to insecurity to support the UN goals. 

How do we address food security, nutrition, and waste in the years to come?

First, technology is key and so, companies and startups need funding to be able to use it effectively. Testing is also important to make sure techniques are viable.

Key stakeholders have to be consulted extensively to help implement these technologies.

The UAE has very high ambitions in going ahead in the rankings of the Global Food Security Index. In light of this, we all have a role to play. The role of regulators is vital, and authorities can play an active part however consumers have an equal responsibility of supporting the national vision by educating themselves and by changing harming inherited commercial behaviours. 

Moreover, financing support is key and investors should turn their attention towards startups and companies producing innovative solutions to support the change towards food sustainability.

Least but not last, an important component remains the nutrition and sustainability education, which should be implemented from an early age so that the next generation can develop a greener mindset from the very start.

Consumers, startups and governments together can achieve the National Food Security Strategy of the UAE. We all need to do our part to move everything forward.

SOURCES

https://www.un.org/development/desa/en/news/population/world-population-prospects-2019.html

https://www.ifpri.org/topic/food-security#:~:text=Food%20security%2C%20as%20defined%20by,an%20active%20and%20healthy%20life

https://u.ae/en/about-the-uae/strategies-initiatives-and-awards/federal-governments-strategies-and-plans/national-food-security-strategy-2051#:~:text=The%20strategy%20aims%20to%3A,the%20use%20of%20modern%20technologies&text=develop%20international%20partnerships%20to%20diversify%20food%20sources

https://www.worldbank.org/en/topic/agriculture/brief/food-security-and-covid-19

https://www.eroe.co/webinars/the-future-of-food-security-and-the-role-of-technology-in-tackling-food-waste/

REPLAY NOW: The Fintech Era of GCC – driving change from the legacy system to a tech-enabled future

Опубликовано: October 12, 2020 в 14:50

Автор:

Категории: Webinar series

In this episode of Business Transformation Explained we are joined by Triska Hamid, Editorial Director at Wamda, Jon Edward Santillan founder of Denarii Cash and Milind Singh founder of rise and XARE in a thought-provoking discussion about the fintech industry of GCC.

With a growing ecosystem of start-ups, we are decoding the fintech social impact in the GCC, what drives change in the region, how the start-ups managed to implement tech-enabled ideas and lead the way from moving towards the future from the legacy system.

Our Speakers:

TRISKA HAMID – EDITORIAL DIRECTOR WAMDA

Triska Hamid is the editorial director at Wanda where she drives the platform’s content agenda from features to research. She has covered the mean telecoms and technology landscape for the past 10 years and has been published in MEED, the FT, The National and the Telegraph.  

JON SANTILLAN – FOUNDER DENARII CASH

Jon Edward Santillan founded Denarii Cash, a mobile technology platform that enables money transfer to help overseas workers to send money home.

MILIND SINGH – CO-FOUNDER xare

Milind Singh is an entrepreneur and fintech innovator that is dedicated to revolutionizing the financial services sector to provide accessible banking solutions to more than 250 million migrant workers worldwide, and the billion people who depend on them  

Milind’s venture with rise began in 2016, with an aim to democratize banking to provide a range of solutions to those that cannot access mainstream products and services. He is deeply committed to developing technology that empowers people around the world to have greater control over their own finances and be the bank that they need to support their friends, families and communities. 

Host:

DanielfSolmon

DANIEL SOLOMON – CEO EROE 

Daniel Solomon is the CEO and Delivery Advisor of EROE, a business and digital transformation agency with global operations in Dubai, San Francisco, Lagos & Odessa. As a seasoned professional, Daniel is known for driving growth and the employment of strategies that are guaranteeing the success of project delivery. Daniel’s expertise blends leadership, people’s culture, technical skills and practical case studies aimed to help intelligent businesses to grow and change the way world works. Together with a team of experts at EROE, the consulting agency became the business transformation ally for global partners such as Coca Cola, Lexus, Virgin Mobile, Tenaris, LNG, Abdul Latif Jameel and numerous others.

Decoding the Future of Money – Banking Without Banks

Опубликовано: September 24, 2020 в 16:42

Автор:

Категории: Media Mentions

EROE, a boutique business transformation consultancy based in Dubai and San Francisco, recently hosted a webinar on 8th September called “Decoding the Future of Money – Banking Without Banks” together with leading specialists from McKinseySecurrencyTarabut Gateway and Bosa Advisors.

EROE’s series of webinars Business Transformation Explained continues to shed light on the important subjects across vital industries in the region. Part of a 3 episodes webinar set to decode the future of money, the edition Banking Without Banks is drawing together global and regional experts in the financial industry.

See more on The Fintech Times