Here are 3 themes to invest in now as artificial intelligence and technological innovation transform the global food system — and 14 key players leading the evolution, according to PGIM's director of thematic research
But PGIM's Shehriyar Antia believes that this transformation has been overlooked by investors.Over the past two decades technology has cemented its status as the uncontested leading market sector,. Blockchain, the metaverse, and artificial intelligence are just a few examples of tech trends that have captivated investors' attention in the last few months alone and pushed shares of tech stocks higher.
And according to Antia, right now there's no secular trend more exciting than the transformation of the world's food system.The current food system is immense, producing 20 trillion calories a day and employing almost 40% of the global population, Antia told Insider in a recent interview."But it's also really complex, highly inefficient, and increasingly becoming unfit for purpose.
Growing global affluence also means that diets across the world are increasingly converging, with people in frontier and emerging markets gravitating more towards a"western diet," or one that's heavy in meat, dairy, wheats, oils, and sugars."This convergence of global diets creates a really compelling need for greater productivity in the food system," Antia said.
Technology has also made its mark across the entire food value chain, including through biological organic farm inputs, AI-powered autonomous tractors that do multiple tasks, and cultivated meats."At all stages of the food system, innovation is a key driver of change, and it's really critical for investors to understand it," Antia said.With the food system projected to undergo such drastic changes, Antia emphasized that there are many opportunities ahead for investors.
As technology continues to innovate the food system, especially in emerging markets, Antia also believes that investors should begin considering investing in smart applied technology.
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