Agribusiness in Latin America and the Caribbean

Agribusiness may also prove to be a very suitable sector for the adoption of various types of new technology, another of the priorities that the McKinsey report recommends. LAC agriculture and food companies use double or triple the amount of water than their counterparts in the US or China. It follows that more efficient use of water could lead to increased outputs. Advances in automation technologies such as artificial intelligence, robotics, analytics, and the Internet of Things (IoT) also offer the possibility of major improvements in efficiency.