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Food Supply Chain Market to Grow by USD 59.51 Billion from 2024-2028, Driven by Blockchain Integration and AI’s Impact on Market Trends- Technavio Report

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global food supply chain market size is estimated to grow by USD 59.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.86% during the forecast period. Integration of blockchain in food supply chain is driving market growth, with a trend towards increasing mergers and acquisitions among market vendors. However, data security and cyber threats associated with food supply chain management poses a challenge. Key market players include Archer Daniels Midland Co., AWL India Pvt. Ltd., Best Food Logistics, Burris Logistics Co., C H Robinson Worldwide Inc., Cargill Inc., DACHSER SE, DB Schenker, Eight Point Distributors, Gordon Food Service Inc., International Business Machines Corp., Lineage Inc, Nishimoto Co. Ltd., Olam Group Ltd., Oracle Corp., Radhakrishna Foodland Pvt Ltd., SAP SE, Schneider National Inc., SITRA, Sysco Corp., VersaCold Logistics Services, WayCool, and YUSEN LOGISTICS CO. LTD..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Food Supply Chain Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.86%

Market growth 2024-2028

USD 59.51 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.8

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, Germany, Canada, China, France, India, Japan, UK, Italy, and South Korea

Key companies profiled

Archer Daniels Midland Co., AWL India Pvt. Ltd., Best Food Logistics, Burris Logistics Co., C H Robinson Worldwide Inc., Cargill Inc., DACHSER SE, DB Schenker, Eight Point Distributors, Gordon Food Service Inc., International Business Machines Corp., Lineage Inc, Nishimoto Co. Ltd., Olam Group Ltd., Oracle Corp., Radhakrishna Foodland Pvt Ltd., SAP SE, Schneider National Inc., SITRA, Sysco Corp., VersaCold Logistics Services, WayCool, and YUSEN LOGISTICS CO. LTD.

 

Market Driver

Mergers and acquisitions among food supply chain market vendors are significantly driving market growth. Companies benefit from these alliances by combining complementary strengths, sharing resources, and creating more efficient and resilient supply networks. These collaborations lead to improved logistics, enhanced traceability, and the adoption of advanced technologies like blockchain and IoT sensors. For instance, Dachser SE’s acquisition of Frigoscandia AB in February 2024 expands DACHSER’s food logistics network to the Nordic countries. Such partnerships help reduce costs, minimize waste, ensure food safety and quality, and enable better demand forecasting and inventory management. As the food industry navigates challenges such as climate change and evolving consumer preferences, strategic partnerships are crucial for adapting to market demands and ensuring long-term sustainability. Therefore, mergers and acquisitions will continue to fuel the growth of the global food supply chain market during the forecast period. 

The food supply chain market is experiencing significant trends in fresh and perishable foods. Temperature-controlled logistics, such as refrigerated transport technologies and cold chain management, are crucial for ensuring the quality and safety of these items. E-commerce platforms are driving growth in food trade, with safety regulations and consumer preferences prioritizing temperature-controlled logistics. Artificial intelligence and the Internet of Things are improving inventory management and traceability. Blockchain technologies offer transparency and security in food supply chains. Meats, dairy, fruits, and vegetables are major sectors, with sustainability and customized logistics solutions key considerations. Economic growth and trade liberalization are increasing demand for multi-modal transportation. Food safety, nutrition, and health are top priorities, with transportation, warehousing, and agriculture all playing important roles. Food retailers must adapt to these trends, implementing cold chain capabilities, logistics infrastructure, and supply chain integration to meet consumer needs and regulations. Environmental concerns and food waste reduction are also important considerations, with processing stage optimization and online platforms facilitating payment transactions and reducing food loss. 

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 Market Challenges

The food supply chain market is experiencing significant digitization and interconnection, leading to increased vulnerability to cybersecurity risks. Data such as customer information, logistics details, and financial transactions are prime targets for cybercriminals. A successful breach disrupts supply chains, compromises food safety, causes financial losses, and damages brand reputation. Interconnected networks mean a weakness in one area can compromise the entire system. IoT devices and sensors, while beneficial, add potential entry points. Compliance with regulations like GDPR adds complexity and cost. Smaller food businesses face challenges in investing in cybersecurity and staying vigilant. These concerns may hinder the adoption of advanced supply chain solutions, posing significant challenges to the food supply chain market’s growth.

The Food Supply Chain market faces various challenges in providing Fruits, Vegetables, and Processed foods to consumers sustainably. Customized logistics solutions and cold chain capabilities are crucial for maintaining product quality and freshness. Logistics infrastructure and supply chain integration are essential for economic growth, but environmental concerns require sustainable practices. Nutrition and food safety regulations demand refrigerated transport technologies, inventory management, and traceability. Trade liberalization and multi-modal transportation enable global access, but health and safety regulations must be met. Precision farming and agri-tech startups improve agriculture, while data management ensures product traceability and consumer trust. Food waste and loss occur at the processing stage, affecting sustainability and profitability. Food retailers require standards, funding, and online platforms for payment transactions. Contamination sources and health risks necessitate strict adherence to health and safety regulations. Positioning systems, radio frequency identification, and warehouse management systems streamline operations. Sustainability, nutrition, and food safety are key concerns, requiring continuous innovation in the Food Supply Chain market.

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Segment Overview 

This food supply chain market report extensively covers market segmentation by

Product Type1.1 Packaged food1.2 Fresh foodEnd-user 2.1 Households2.2 Commercial2.3 IndustrialGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Packaged food- The packaged food market, encompassing processed foods, snacks, beverages, and ready-to-eat meals, is witnessing a notable increase in demand. This trend is driven by shifting consumer lifestyles, urbanization, and the preference for convenient, long-lasting food solutions. The intricate packaged food supply chain involves sourcing raw materials, manufacturing, packaging, distribution, and retail placement. Food safety and quality control are essential, necessitating advanced tracking and tracing systems. Vendors invest in automation and smart packaging to enhance shelf life and product integrity. Sustainability is a priority, with efforts to minimize packaging waste and optimize transportation routes. The COVID-19 pandemic has intensified demand, necessitating supply chain adaptations for resilience. As consumer preferences evolve towards healthier and more diverse options, the packaged food supply chain continues to innovate while maintaining efficiency and cost-effectiveness, fueling the market’s growth during the forecast period.

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Research Analysis

The food supply chain market encompasses the production, transportation, warehousing, and trade of fresh and perishable foods, including meats, dairy, fruits, vegetables, and processed foods. Temperature-controlled logistics plays a crucial role in ensuring the quality and safety of these products. E-commerce platforms are transforming food trade by enabling consumers to purchase fresh produce and other perishable items online. Safety regulations are a top priority in the food supply chain, with stringent guidelines for handling, storage, and transportation of food items. Technology is revolutionizing the industry with the use of artificial intelligence, Internet of Things, and blockchain technologies for traceability and efficiency. Transportation and cold chain management are essential components of the food supply chain, ensuring that perishable items are kept at the correct temperature during transportation and storage. Positioning systems, Radio Frequency Identification (RFID), and Warehouse Management Systems (WMS) are used to optimize logistics and improve inventory management. Agriculture plays a significant role in the food supply chain, with farmers using technology to optimize crop yields and reduce waste. Consumer preferences for healthier, locally sourced foods are driving innovation in the industry, with a focus on sustainable farming practices and minimizing the carbon footprint of food production and transportation.

Market Research Overview

The Food Supply Chain market encompasses the production, transportation, warehousing, and retail of fresh and perishable foods. Temperature-controlled logistics plays a crucial role in ensuring the quality and safety of these products. E-commerce platforms are transforming food trade by offering consumers convenient access to a wide range of fresh and processed foods. Safety regulations are a top priority in the food supply chain, with a focus on food safety, traceability, and product authenticity. Consumer preferences for healthier, sustainable, and customized food options are driving innovation in the sector. Advancements in technology, such as artificial intelligence, the Internet of Things, and blockchain technologies, are revolutionizing food supply chain operations. These technologies enable real-time inventory management, cold chain capabilities, and supply chain integration. Meats, dairy, fruits, vegetables, and processed foods are all integral parts of the food supply chain. Sustainability and economic growth are key considerations, with a focus on reducing food waste and loss. Agriculture is a critical component of the food supply chain, with precision farming and data management playing increasingly important roles. Logistics infrastructure, multi-modal transportation, and trade liberalization are also essential for ensuring a reliable and efficient food supply chain. Food retailers and standards organizations play a vital role in maintaining consumer trust by ensuring food safety and product traceability. Funding and agri-tech startups are driving innovation in areas such as refrigerated transport technologies, warehouse management systems, and online platforms for payment transactions. Health and safety regulations, positioning systems, radio frequency identification, and warehouse management systems are all critical components of the food supply chain. Contamination sources, such as pests and pathogens, must be carefully managed to maintain food safety. Provenance and nutrition are becoming increasingly important to consumers, with a growing demand for transparency and information about the origin and composition of their food. The food supply chain must adapt to meet these changing consumer preferences while also addressing economic, environmental, and sustainability concerns.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypePackaged FoodFresh FoodEnd-userHouseholdsCommercialIndustrialGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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