As a Food Agility CRC partner, the HiveXchange welcomes this week’s announcement that the Food Agility bid has secured $50m in funding over ten years through the Federal Government’s Cooperative Research Centres (CRC) program.
The Food Agility CRC brings together 54 partners from across the agriculture and food value chain, who are committed to establishing a digitally connected food world and ensuring the industry’s competitive edge and sustainability into the future.
The Food Agility CRC will develop and use digital technologies for sharing data that will build brand, markets, jobs and exports across the food value chain. As a Food Agility CRC partner and creator of Australia’s first digital marketplace for wholesale produce, the HiveXchange will focus on building and facilitating information-rich, real-time trade solutions for the supply chain.
HiveXchange CEO, Antonio Palanca said “The HiveXchange has developed and built a new kind of digital trading fabric that is already connecting the supply and demand side of our food supply chains in more cost effective and agile ways. We see a big future in leveraging the information generated on the farm, and through the supply chain, to give Australian producers greater market insight and therefore a comparative advantage.”
“Australia has some of the most productive, innovative farmers in the world. We can now use digital trading to deliver sustainable growth for producers and industry – from price and demand forecasting, to shorter, more efficient supply chains, through to better market targeting and selling. We have the capacity to achieve this and over the next decade the Food Agility initiative will fast-track digital transformation and make farmers in Australia the envy of the world” said Palanca.
The bid consortium is led by the Knowledge Economy Institute at the University of Technology Sydney (UTS), together with QUT and Curtin University. Dr Anne Astin will be the inaugural Chair.