The Food industry is facing challenges driven by climate change, rapid technological innovation and access to information. Advances in agriculture, biotech, digital advances and wellness combined with changing customer preferences focusing on human health and sustainability of the planet, are transforming the food industry. These recent changes have an increasingly important impact on the current food value chain. To overcome these challenges, greater cooperation will be required between established players in the value chain and technology companies to optimize innovation, products, business models and processes.