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Posts Tagged ‘Food’

Forecasting works: Functional foods 1999 – 2009

Friday, 04 September 2009 03:55 Written by Eric Garland 0 Comments

foodtechToday, the airwaves are filled with advertisements for consumer foods that aren’t simply nourishing but portrayed as practically medicine. A slew of softdrinks are marketed as hangover cures, energy, memory enhancers, cognitive enhancers, help with clairvoyance, and fuel for flight. Fish isn’t just fish, it’s OMEGA-3 FATTY ACIDS. And somewhere along the way, trans-fats replaced “Ebola virus” as the world’s deadliest substance. Is this random or could you see it coming?

Food as medicine was a theme we predicted for 2010 way back in 1999 when studying the future of food and health for a group of global consumer product manufacturers. The world seemed to be at a turning point at that moment, with a number of trends appearing to collide in the decade to come:

  • Super-size and family value packs had reached their apex, due to increasing penetration of fast food and big-box retail throughout the world
  • Obesity epidemic reaching a pitch, not only in America but also in unexpected places like France, Greece, China
  • Litigious American culture had finally apexed with its war on cigarette liability, and a new target was likely to be next
  • Biotechnology was promising new technological abilities for all plant life (this was the era of the Human Genome Project and techno-positive rhetoric was off the chart)
  • Boomers were aging, and increasingly interested in immortality on the cheap
  • Sustainability was increasing as a concern, and farming would be one of the most effected industries
  • The “Slow Food Movement” was beginning to point back to heirloom breeds of livestock and produce and encourage local diversity in favor of industrial solutions

Read more ...

The food crunch looms over the credit crunch?

Monday, 26 January 2009 16:02 Written by Eric Garland 0 Comments

The Financial Times brings us another piece of sunny news, suggesting that financial disruption could cause world food prices to rise.

Since December, wheat prices have risen 15 per cent, corn 17 per cent and soyabean 22 per cent. In contrast with other raw materials such as oil or aluminium which have plunged back to the levels of 2002-05, agricultural commodities are trading higher than they were just 12 to 18 months ago.

Let’s not just focus on disaster, though: the most important aspect of this crisis is that it will spur nations to reform the production of food, where possible. It will appear increasingly clear to national leaders that globalized credit and food markets will lead to more instability than protectionism. Already we see East European governments being shaken up by citizens angry over the potential disasters. If these become hunger riots, the secondary implication will be a quick retraction of global markets. People will grow foods closer to home. Or in the words of Jim Kunstler, “the 3000-mile Caesar salad is OVER.”

About the blog

This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.


For managing partner Eric Garland's new author and speaker blog, please consult and bookmark http://www.ericgarland.co

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