By: Bill Pescatello, Managing Partner at Evolv Ventures
At Evolv Ventures, we spend a great deal of time looking at the changing landscape for CPG companies and emerging technologies that can have the greatest impact on our industry. In that search, when it comes to logistics, there are few technologies we discuss more or that are as high profile as autonomous trucking. Its size and impact on global logistics and the CPG industry will be nothing short of revolutionary.
The global trucking industry is one of the largest markets in the world that touch all of our lives and has been estimated to be as large as $4T. In the United States, truck driving is the primary occupation in more than half of all US states. There are about 1 million truck drivers in the US, and even that is not enough. Worker shortages and driver costs continue to rise and are one of the biggest issues facing the trucking industry today. With rising costs and driver shortages, greater automation is in high demand and will continue to be a high priority throughout this ever-growing industry. …
As Thanksgiving draws closer and we think about indulging in a slice of pumpkin or pecan pie, we tell ourselves and our children to be careful about how much sugar we consume.
Sugar is a common ingredient in most of our favorite dessert items (especially during the holiday season), but we argue that it is okay to indulge “a little” given the craziness of 2020. What if you didn’t have to feel guilty about the sugar consumed over the year/the holidays? What if a natural, sweet-tasting sugar alternative was available?
I’m here to tell you that help is on the way. Enter our most recent investment, Joywell Foods. …
Takeaways from an investor roundtable discussion
The points noted here are taken from a group discussion and comments are not attributed to any specific individual, company or firm. The content in this article may only be disclosed, quoted, referred to, published or delivered, in whole or in part, with the consent of the Contributors listed below.
By: Bill Pescatello
Since we started Evolv Ventures just under 2 years ago, one of the most active areas we have been looking at is the connected worker space. Working with our partners at Kraft Heinz, we have been searching for the next generation of enterprise class digital platforms. Factory and warehouse workers increasingly need modern tools and software to be more productive, efficient and safe.
Through mobile and digital connected worker platforms, frontline workers are provided with real-time data and multimedia work instructions on mobile devices. …
By: Aashna Singh and Steve Sanger
Tom Roberts, a renowned poet from London, released his poem The Great Realization earlier this year and it went viral. If you have not seen it, you must. Tom talks about how the COVID-19 era is pivotal in making humans appreciative of the Earth and conscious of their waste, consequently accelerating change in their behavior. While the last several years have certainly seen growing demand for sustainable packaging solutions, The Great Realization suggests a more voracious move towards green products could be underway.
With an enhanced appreciation for the Earth and heightened hygiene standards due to the pandemic, light is shined on the tension between the sterility single-use plastics offer at low cost and the damage of these products to the environment. This only further highlights the opportunity for innovation, and sustainable packaging solutions purport to resolve this…
The points noted here are taken from a group discussion set up with firm Principals/Partner level members from the firms displayed below (“the Contributors”), and comments are not attributed to any individual.
The information is not confidential and may be disclosed to third parties at the discretion of the Contributors, except that no information contained herein may be disclosed, quoted, referred to, published or delivered, in whole or in part with the Media.
By: Bill Pescatello
At Evolv Ventures, we are very fortunate to sit inside one of the largest food and beverage companies in the world and being here, we think 24/7 about what is disrupting our industry and what game-changing technologies will come next.
One of the most visible trends is the explosion of e-commerce in the grocery industry and how it will shape how consumers buy food and CPG products going forward. While online penetration for grocery is still relatively modest at ~5%, online grocery purchases are expected to grow 3x in just the next 5+ years. …