ceo at cainthus president of agritech capital€¦ · good news for poultry! we’re in the right...

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© Copyright Cainthus 2019, All Rights Reserved. Aidan Connolly CEO at Cainthus President of AgriTech Capital Adjunct Professor, Michael Smurfit Graduate Business School Visiting Professor MBA, China Agricultural University Forbes Contributor & Author @AJConnolly1 AidanJConnolly

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Page 1: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

© Copyright Cainthus 2019, All Rights Reserved.

Aidan Connolly CEO at Cainthus

President of AgriTech Capital

Adjunct Professor, Michael Smurfit Graduate Business School

Visiting Professor MBA, China Agricultural University

Forbes Contributor & Author

@AJConnolly1

AidanJConnolly

Page 2: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

AIDAN CONNOLLYPoultry 2050:

How Technology will shape production

Page 3: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Good News for Poultry!We’re in the right business

• Requires fewer natural resources

• Production cost lower

• Affordable

• Universally accepted taste

• No religious restrictions

• Accessible, available, convenient, versatile, easy to find/prepare

• Healthy

• Innovations (More new products than all others combined)

• Global grown (203 of 233 countries)

Page 4: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

More Income = More MeatWorld consumption per capita of meat kg / year PIB per capita, PPP - US$

Sources: Income from World Bank databank and per capita consumption from FAOSTAT

Page 5: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

• Disruptive impact of new technology

• Biosecurity

• New regulations and high expectations

• Opportunities for growth and expansion

• Rising costs of raw materials

• Hiring and retaining staff

Current Issues in the Poultry Industry

Page 6: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Who has already been disrupted?

World’s largest taxi company, but owns no taxis

Largest accommodation provider, but owns no real estate

World’s most valuable retailer has no inventory

Most popular media owner creates no content

Fastest growing banks have no actual money

World’s largest movie house owns no cinemas

Largest software vendors don’t write the apps

Largest communication companies own no infrastructure

Page 7: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable
Page 8: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Process plant

Feed mill

Chicken farm

Satellite

Page 9: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Poultry’s Data Gaps

Individual data in real time?

• Weight

• Feed & water consumption

• Comfort

• Stress

• Health

• Liveability

• Egg Quality

= How is it measured; 1 parameter or 15?

Real-time Environment?

• Air quality: NH3, CO2, moisture• Temperature • Feed quality • Safety: Campy, Salmonella • Traceability; openness for prosumer

Page 10: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable
Page 11: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

3-D PRINTING• Print parts / fix machines• Minimize production

losses• Save valuable animals’

lives (broiler-breeder)• Print meat

1

Page 12: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

ROBOTS• Increase production • Collect eggs • Clean floors• Don’t tire • Decrease injuries for

employees• Do the dirty work

(processing)

2

Page 13: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

• Bloomberg states: Driver-free zones may arrive in city centers in five years

• “Drive better than any human”

Page 14: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Robots (Octopus/Tibot/Iamus)

Cleans and disinfects

Page 15: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable
Page 16: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

• 1,000 robots• Pick & pack orders• Faster than humans• Software predicts demand &

fastest routes = 1% waste

• Online grocery estimated to be 80% of total by 2025

• Casino in France is following suit

Page 17: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

3DRONES

• Generally: Collect information not seen with the human eye

• Monitoring & flock health assessment

• Scare away predators? (Eagles!)• Limited use w/poultry, perhaps

organic

Page 18: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

4SENSORS

• $2.5 Bn by 2025• Monitor flock &

environment• Analyzed results displayed

graphically

• Wearable sensors• Monitor movement• Healthy vitals• Behavior patterns

Page 19: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

5ARTIFICIAL

INTELLIGENCE • Mimic cognitive functions:

learning & problem solving• Monitoring of feed • Production improvements• Significant processing

improvements• Safer & faster

Page 20: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

6AUGMENTED

REALITY• Allows users to see what the

unaided eye cannot• Find bacteria (E. coli,

salmonella)• CluckAR app rates eggs

Page 21: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

7VIRTUAL REALITY

• Construct visualrepresentation of flock

• Allow farmer to check flock remotely• Send data back to computer program • Prime opportunity – teaching, education• There is a headset for chickens!

Page 22: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

8BLOCKCHAIN

• Technology gathers, interprets & shares information (BitCoin)

• Reliable & transparent• Location• Process• Storage & transportation• Who was in control at each stage of

the journey

Page 23: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable
Page 24: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable
Page 25: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Pine Forest Farm

Farm List

Type Birds

BREEDER

GROWER

Columbus Farm

Type Birds

FARM GROUPS

FARM GROUPS

,

Dona Eugenia Farm

,

Type Eggs

FARM GROUPS

User

Password

Enter

Pine Forest Farm Grower

Average performance from the last three months (closed groups)

Days in Phase Mortality

ADG

List of Groups

All open lots

HATCHERY

Page 26: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Revitalizing the

MICROBIOME

ANALYTICSReveal soil structure and microbial

populations. Technology advances may soon

allow soils to be monitored in real time.

MICROBIAL ENZYMESPreparing the organism for optimal nutrient

uptake and favorable microbial populations.

MICROBIAL INOCULANTSLive beneficial microbes interacting symbiotically

with plants to minimize stresses, promote root

development and increase yield potential.

Page 27: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

DNACarries code for

all cell activities

Messenger RNARelays code to manufacture

proteins for cell activities

Exploring and optimizing

GENE EXPRESSION

Page 28: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

NUTRIGENOMICSExploring the connection between nutrition and gene expression

Control 1

Control 2

Control 3

Treatment

1

Treatment

2

Treatment

3

Cell growth Photosynthesis Respiration Translocation Defense mechanisms Senescence

Knowing which genes are being upregulated or downregulated offers clues about how to optimize

plant function, health and disease tolerance through nutrition.

Page 29: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable
Page 30: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Chicken protein from a Petri dish?

Page 31: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Conclusions

• World population and demand for food continues to increase

• Unique opportunity for poultry businesses to extend their footprint into new markets

• ASF effects will result in Poultry being No.1 meat in 2020

Page 32: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

The Ag Tech Market Map: 80+ Startups Powering The Future Of Farming And Agribusiness

Page 33: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

SO WHAT TO PICK?

Page 34: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Imagine your poultry business in 10 years...

• Will it look the same?

• Will technology transform you, your customers?

• Could disruption lead to your business EXTINCTION?

Page 35: CEO at Cainthus President of AgriTech Capital€¦ · Good News for Poultry! We’re in the right business • Requires fewer natural resources • Production cost lower • Affordable

Thank You