More than half food and growing businesses cite key business priority
AGRITECH is set to accelerate innovation and growth in the UK’s agriculture and food industries, as more than half of UK food industry businesses (51%) say adopting new technologies is a key business priority as they look ahead to the next five years, while one in four (25%) agriculture business leaders say it’s a top priority.
Nearly half of decision-makers in the combined agri-food industries (48%) say there are stages in their supply chain where innovation or investment are lacking.
The findings are from the new Future of Agri-Tech Report that surveyed 200 R&D and technology decision-makers in the agriculture and food industries to mark the launch of the new UK Agri-Tech Centre, the UK’s largest dedicated agri-tech organisation. The UK Agri-Tech Centre commissioned the research to better comprehend agri-food businesses’ priorities in order to inform its strategy to drive agri-innovation at unprecedented levels.
Growth and expansion of their core business is the key business priority for 58% of agriculture and food business leaders over the next five years, followed by becoming more sustainable (40%).
