Although the logic behind modern, high-tech food manufacturing seemed obvious to us at SHRMP.bio, we often found that our audience didn't immediately share this view when we launched in early 2024.
We recognized the importance of clearly communicating the core assumption behind SHRMP.bio: that we must prepare for the future with a longer horizon of 10 to 15 years by developing new methods of food production and that significant value should be created while doing so.
Therefore, we invested in our own research to create models for future seafood supply, which will help establish a stronger foundation for articulating the business opportunity.
Predicting “The Future of Aquaculture”
To predict potential future developments, we employed scenario analysis methods based on Cambrian Future's FLP-IT model to create a set of extreme scenarios that provide initial insights. This process involved researching existing models and trends, followed by the development of our own scenarios. These scenarios will not necessarily predict precisely what will happen, but trying to take them to extremes will provide boundaries around where we are heading.
Recognising that customers are people, we examined population dynamics, demographic shifts, and other factors to gain insights into who will be living where and how by 2050 and what nutrition may look like for a significantly larger global population. Food trade and distribution will also be critical moving forward, and advancements in how food products will be sourced are central to satisfying our ever-growing nutritional needs.
In the upcoming posts, we will explore trends in these forces and ultimately synthesise our findings into four "Production Scenarios" that examine the intersection of climate change and technological advancements.
In a nutshell:
A lot of change is coming our way over the next 25 years.
Comments