Another great panel discussion from day 2 at #FII8 #riyadh. Joseph Rehmann, founder and group CEO of Victory Farms talked about fish farming and how his company has used #AI to set up a non-electrified cold chain. So from the fish farm, they use AI and predictive modelling to predict where thousands of fish resellers will need fish and then they use their AI modelling to deliver the fish on a daily basis to these resellers, at exactly the right time when they'll need the fish and in exactly the right volume, so the fish doesn't go to waste. This allows them to manage the costs of the fish and minimise the costs for the African fish resellers, who then go and sell the fish in their local communities. Federico Trucco was also a part of this discussion and he talked about using AI modelling to redesign seeds to be more geographically robust so that the characteristics that protect them against certain climates or diseases, specific to particular geographies, are accentuated. This makes them far more resilient and helps produce higher yields. He also talked about satellite analysis to better analyse what's going on in individual fields to then be able to spray the least amount of pesticides rather than doing generic spraying for all fields. The CEO of Minerva Foods, Fernando Galletti de Queiroz, mentioned how his company uses financial modelling to look at GDP, income and other financial indicators of developing countries and cities to predict the future increase or decrease of protein consumption. They can then, in advance of drops or hikes in demand, adjust their supply chain to minimise the costs and wastage. This also reduces the final product price for the consumer.
I didn't recognise you in this conference, though the voice was yours, am used to see you wearing hat, and Victory Shirts, Congrats.
Thanks for sharing This exiting
Love this
How cool!
Thanks for sharing! And enjoyed the panel! Especially also looping in the software side and investment angle!