With the world population expected to reach 9.7 billion by 2050, there is a growing demand for food, which requires high quality seeds, agrochemicals and fertilisers to boost crop yields.
Climate change has led to unpredictable weather patterns, which in turn has impacted agricultural output. This has created a need for innovative solutions and products to help farmers adapt to changing weather conditions.
Currency exchange rate, geopolitical tensions and logistics challenges are impacting the business environment in terms of input costs, inventory and demand.
This global issue affects agriculture in many parts of the world. According to the United Nations, by 2030, half the world’s population will be living in water-stressed areas. This is because agriculture is the biggest user of freshwater resources, accounting for 70% of global water use. However, water scarcity and inefficient use of water resources often lead to crop failures, economic losses and social unrest.
The digital revolution led to the development of new tools and technologies that can help farmers improve their yields and reduce costs. Technology interventions across the Agri Value chain are evolving. The usage of Artificial Intelligence/ Machine Learning and Drones is expected to be the next big leap in Agriculture.
In response to these trends and developments, Rallis is adapting its strategies and products to remain competitive. The Company is investing in research and development to create new, innovative products that are both effective and sustainable, embracing digitalisation and using technologies such as remote sensing and data analytics to help farmers improve their yields and reduce costs.
Additionally, Rallis is expanding globally to tap into new markets and diversify revenue streams. These trends and developments have presented both challenges and opportunities. Rallis is institutionalising circular economy principles by focussing on reducing water usage and recycling it, minimising waste generation and converting waste into useful products are integral with our sustainability agenda.
There is a continuous evaluation to reduce and reuse packaging items with an emphasis on bulk packaging. We also maximise the usage of renewable energy sources such as biomass for fuel and rooftop solar for power generation.
At the Forefront of Change