By 2050, it is estimated that our global population will reach close to 10 billion people! Of which, 70% will reside in urban areas, this translates to a whopping 60% more food required to feed our population.
And the coronavirus pandemic has only exacerbated this problem.
As Southeast Asia’s economies have contracted and slowed, serious concerns have emerged regarding food security in the region. Farming, a major employer in most Southeast Asian countries, has experienced a significant drop in rural labour due to mobility restrictions.
This has caused a fall in both farm productivity and rural incomes.
Overall, millions are likely to fall into poverty after 2020, and this includes millions who were otherwise predicted to escape it. As a result, food consumption has fallen in many households, and a significant number of people have reported not being able to afford enough food.
It’s not a pretty picture, and if you are listening, you should be alarmed. But there is always hope, especially in situations like these.
To talk more about the future of food, I speak with Isabelle Decitre, founder and CEO of ID Capital, for her insights.