PHOCUSWIRE - A recent report from Lux Research ranked autonomous vehicles in the number one spot of trends to watch saying that improvements in artificial intelligence, analytics and data from maps and sensors were all boosting the development.
BIO-BASED NEWS - In a report released last month, Lux Research looked into CO2 utilization. The company forecasts a growth in this sector to $ 70 billion by 2030 and to $ 550 billion by 2040. CO2 will be put to good use in the buildings, chemicals, materials, fuels, and food sectors.
BAKERY AND SNACKS - Mondelēz International’s innovation and venture hub has launched CoLab, a collaborative programme for US-based early-stage better-for-you snack brands to drive mutual growth.
PR NEWSWIRE - The next 30 years will be a defining era for Asia's agrifood innovation ecosystem. Population growth, rapid urbanization, and an expanding middle class are all exerting pressure on Asia's food system to keep pace, translating to three key needs: food security, safety, and transparency.
BENZINGA - Ultimately, those who succeed will provide a truly unique value proposition that makes sense for Asia – made possible by understanding stakeholder capabilities and needs throughout the entire ecosystem.
FORBES - LG Chem is in talks with U.S. auto giant General Motors about building a second joint venture electric vehicle battery plant in the United States, in a move that would help the flagship affiliate of South Korean conglomerate LG stay competitive in the hot EV battery market.
FARM WEEK - Big is not beautiful when it comes to future businesses, according to American tech research company Lux Research. It has named what it sees as the top 32 food and agriculture startups of 2020.
C&EN - Tiffany Hua, an analyst at Lux Research, says leatherlike materials made from plants are the most advanced, partly because manufacturing is relatively simple. She predicts they will reach $1 billion in sales by 2025. The next to rise will be mushroom leather, followed by cell culture leather. “The issue is scale,” she says. “A lot of these technologies are on the smaller scale and can’t really be adopted on the mass market just yet.”
NUTRITIONAL OUTLOOK - Thomas Hayes, an analyst at Lux Research, a leading provider of tech-enabled research and advisory services, says, “There’s no definitive start date to when the personalized nutrition market started, but in 2016 when Campbell’s invested $32 million into [personalized nutrition company] Habit, that was certainly the tipping point. Since then, there has been a flurry of investments, partnerships, and acquisitions in the personalized nutrition space—some more successful than others.”
FORBES - Foxconn, the world's largest electronics contract manufacturer, entered its newest deal this week to co-develop electric vehicles in pursuit of a strong competitive position as the global EV market grows. “The company likely views the EV space as a significant opportunity, given electric vehicles still make up a small fraction of total vehicle sales,” says Chris Robinson, Boston-based senior analyst with the market analysis firm Lux Research.
