Periodic Reporting for period 1 - LAND GRIFFON (Making Food Supply Chains more Sustainable)
Período documentado: 2020-11-01 hasta 2022-10-31
The LandGriffon project aims to develop tools and services to transform how food industry companies manage environmental impacts and risks in their supply chains.
Globally, the food sector produces over 8 trillion USD in revenue and supports the livelihoods of millions of small scale growers. Yet the production of food also accounts for an outsize portion of environmental impacts—from climate change to water use, deforestation, and biodiversity loss—and is uniquely exposed to climate variability. Meanwhile, growing consumer and regulatory pressure has pushed many food companies to commit to reducing their impacts.
LandGriffon supports companies, in particular fast-moving consumer goods and traders, to improve their current sustainable supply chain management practices, improving their impact measurement and traceability, and their capacity to speed the reach of their targets and objectives, through the forecasting functionalities. LandGriffon services provide solutions to companies' real and urgent challenges.
Knowing that each company has its own idiosyncrasies and is at different stages of understanding its supply chain, the service offering is defined by a core service that will be customized for each customer with the option to include additional functionalities. With this objective, LandGriffon is building customized digital tools to monitor and manage environmental impacts and risks. This means understanding where raw materials are sourced from, monitoring impacts with satellite data and trusted independent science products. We aim to give companies the ability to anticipate environmental risks, price volatility, and supply chain discontinuities, and integrate these environmental impacts into their risk maps and financial statements. Our tools will help companies evaluate potential sourcing options and forecast paths to sustainability. Specifically, our tools are primarily designed to help sustainability managers be successful in their jobs.
The LandGriffon project has defined four specific objectives to accomplish this overall goal:
1. Demonstrate the market opportunity;
2. Demonstrate the commercial value and quality of the new products, tools and services;
3. Build a compelling portal that facilitates the use and promotion of our services;
4. Establish a new business and organizational model that boosts European small and medium organizations' ability to compete in international food supply chain information markets.
These are the four core services of our value proposition, supported by specific datasets and tools:
1. Monitoring main agricultural commodities for sustainable production and their associated environmental impacts using satellite data;
2. Predicting environmental risks such as deforestation, water stress, flooding or fires based on machine learning techniques;
3. Track, analyze and quantify environmental impacts through the supply chain from sourcing (plantation, farms and mills) to the destination (production and consumption centres);
4. Simulate different sourcing, risks and operational scenarios to facilitate mitigation activities definition, plan future interventions, and make new strategic decisions.
Globally, the food sector produces over 8 trillion USD in revenue and supports the livelihoods of millions of small scale growers. Yet the production of food also accounts for an outsize portion of environmental impacts—from climate change to water use, deforestation, and biodiversity loss—and is uniquely exposed to climate variability. Meanwhile, growing consumer and regulatory pressure has pushed many food companies to commit to reducing their impacts.
LandGriffon supports companies, in particular fast-moving consumer goods and traders, to improve their current sustainable supply chain management practices, improving their impact measurement and traceability, and their capacity to speed the reach of their targets and objectives, through the forecasting functionalities. LandGriffon services provide solutions to companies' real and urgent challenges.
Knowing that each company has its own idiosyncrasies and is at different stages of understanding its supply chain, the service offering is defined by a core service that will be customized for each customer with the option to include additional functionalities. With this objective, LandGriffon is building customized digital tools to monitor and manage environmental impacts and risks. This means understanding where raw materials are sourced from, monitoring impacts with satellite data and trusted independent science products. We aim to give companies the ability to anticipate environmental risks, price volatility, and supply chain discontinuities, and integrate these environmental impacts into their risk maps and financial statements. Our tools will help companies evaluate potential sourcing options and forecast paths to sustainability. Specifically, our tools are primarily designed to help sustainability managers be successful in their jobs.
The LandGriffon project has defined four specific objectives to accomplish this overall goal:
1. Demonstrate the market opportunity;
2. Demonstrate the commercial value and quality of the new products, tools and services;
3. Build a compelling portal that facilitates the use and promotion of our services;
4. Establish a new business and organizational model that boosts European small and medium organizations' ability to compete in international food supply chain information markets.
These are the four core services of our value proposition, supported by specific datasets and tools:
1. Monitoring main agricultural commodities for sustainable production and their associated environmental impacts using satellite data;
2. Predicting environmental risks such as deforestation, water stress, flooding or fires based on machine learning techniques;
3. Track, analyze and quantify environmental impacts through the supply chain from sourcing (plantation, farms and mills) to the destination (production and consumption centres);
4. Simulate different sourcing, risks and operational scenarios to facilitate mitigation activities definition, plan future interventions, and make new strategic decisions.
We have made significant progress in development of the LandGriffon Tools and Services. Including:
- Definition of initial data products and unique methodologies for supply chain impact monitoring, forecasting, and analysis.
- Definition of a sustainable cost model, market opportunity, and business plan following market research.
- Definition of the technical architecture and visual and UX design of the LandGriffon service platform.
- Validation of the design and approach of the LandGriffon service platform with potential clients, resulting in potential business opportunities.
- Launch of the LandGriffon marketing site and communication activities.
- Development of a fully featured software and technical solution that is ready for enterprise deployment.
- Definition of initial data products and unique methodologies for supply chain impact monitoring, forecasting, and analysis.
- Definition of a sustainable cost model, market opportunity, and business plan following market research.
- Definition of the technical architecture and visual and UX design of the LandGriffon service platform.
- Validation of the design and approach of the LandGriffon service platform with potential clients, resulting in potential business opportunities.
- Launch of the LandGriffon marketing site and communication activities.
- Development of a fully featured software and technical solution that is ready for enterprise deployment.
LandGriffon will support companies to improve their current sustainable supply chain management practices, improving their impact measurement and traceability, and their capacity to speed the reach of their targets and objectives, through the forecasting functionalities. In particular, LandGriffon is designed to provide value in the following areas:
- Comprehensive food supply chain impact estimation, improving companies ability to measure, track, and report on environmental impacts.
- Decision making tools to sources of impacts, options, and trade-offs in planning interventions to reduce environmental and social impacts and risks, enabling companies to achieve more with less, and increase the chances that they will be successful in meeting environmental commitments and targets.
More accurate and timely monitoring data in key domains (deforestation and land use) where improved data quality can result in materially better on-the-ground outcomes.
In each of these areas, LandGriffon will provide direct value to corporate customers by reducing compliance costs in tracking supply chain impacts, and by increasing the efficiency in which companies choose where to allocate their resources to reduce impacts and manage risks.
Environmental and social value contribution:
LandGriffon aims to reduce and avoid existing and potential environmental impacts by facilitating measurement and understanding, and incentivising decision making rooted on science-based information and future scenario analysis. Better monitoring, forecasting, and decision making tools will increase the probability that corporations will meet their environmental commitments and provide resources for internal advocates to pursue greater change. At the same time, LandGriffon aims to contribute to guarantee a food security system that fosters society health by assuring sustainable agriculture and natural resources management, and improving sourcing local communities socioeconomic status and gender equality.
- Comprehensive food supply chain impact estimation, improving companies ability to measure, track, and report on environmental impacts.
- Decision making tools to sources of impacts, options, and trade-offs in planning interventions to reduce environmental and social impacts and risks, enabling companies to achieve more with less, and increase the chances that they will be successful in meeting environmental commitments and targets.
More accurate and timely monitoring data in key domains (deforestation and land use) where improved data quality can result in materially better on-the-ground outcomes.
In each of these areas, LandGriffon will provide direct value to corporate customers by reducing compliance costs in tracking supply chain impacts, and by increasing the efficiency in which companies choose where to allocate their resources to reduce impacts and manage risks.
Environmental and social value contribution:
LandGriffon aims to reduce and avoid existing and potential environmental impacts by facilitating measurement and understanding, and incentivising decision making rooted on science-based information and future scenario analysis. Better monitoring, forecasting, and decision making tools will increase the probability that corporations will meet their environmental commitments and provide resources for internal advocates to pursue greater change. At the same time, LandGriffon aims to contribute to guarantee a food security system that fosters society health by assuring sustainable agriculture and natural resources management, and improving sourcing local communities socioeconomic status and gender equality.