{"id":2903,"date":"2022-02-11T16:52:51","date_gmt":"2022-02-11T11:22:51","guid":{"rendered":"https:\/\/agnext.com\/?p=2903"},"modified":"2022-02-16T10:31:54","modified_gmt":"2022-02-16T05:01:54","slug":"the-spices-industry-is-growing-hotter-with-new-age-technologies-are-you-ready-to-thrive","status":"publish","type":"post","link":"https:\/\/test.agnext.com\/test\/the-spices-industry-is-growing-hotter-with-new-age-technologies-are-you-ready-to-thrive\/","title":{"rendered":"The spices industry is growing hotter with new-age technologies: Are you ready to thrive?"},"content":{"rendered":"<h2>The spices industry is growing hotter with new-age technologies: Are you ready to thrive?<\/h2>\n<p>The Indian spices industry, with a massive growth surge in recent years, has played a pivotal role in driving the economic growth of the country. Despite economic slowdowns amid the covid-19 pandemic, the spices sector sustained its growth momentum with increased adoption of AI-based technologies, digitization &amp; automated processes. It is also worth pointing out that this technological shift ensured quality-based fulfillment of the spice demand, amongst many other advancements, that witnessed a massive uptick in the last two years.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2905 size-full\" src=\"https:\/\/agnext.com\/wp-content\/uploads\/2022\/02\/Image-01-1.jpg\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-01-1.jpg 1200w, https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-01-1-300x157.jpg 300w, https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-01-1-1024x536.jpg 1024w, https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-01-1-768x402.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>As experts say, the spices industry is expected to further grow at a CAGR of 10.8% by 2027. However, projecting growth with subjective, traditional processes can result in inevitable procurement losses for businesses. A switch to modern, tech-based solutions is imperative to compete &amp; eliminate persisting losses due to:<\/p>\n<ul>\n<li>Human errors<\/li>\n<li>Time-consuming processes<\/li>\n<li>Manual tampering<\/li>\n<li>Delayed on-ground operations<\/li>\n<\/ul>\n<p>Getting into grips with the growing demand for spices, both domestic &amp; export, the leading &amp; emerging industry players are increasingly opting for faster, safer &amp; digital alternatives to keep in pace with the changing market. Businesses are ramping up their production potential with critical procurement insights &amp; automated processes to sustain an upward growing graph in this era of agricultural transformation.<\/p>\n<p>Integrating modernized growth with the age-old essence of spices, tech-powered solutions like AgNext\u2019s full-stack \u201cQualix suite\u201d are powering up the growth of numerous spice businesses. The all-in-one business intelligence platform Qualix combined with the portable, AI-on-the-edge devices is shaping the new-age agritech ecosystem. This has not only given businesses the power to conduct food quality assessments instantly but also allows critical business insights to make well-informed decisions at a faster pace.<\/p>\n<ul>\n<li>&lt;1 min quality testing<\/li>\n<li>10X boost in ROI<\/li>\n<li>100% transparency<\/li>\n<li>Up to 50X savings on testing time<\/li>\n<li>End-to-end traceability<\/li>\n<li>Real-time data visibility<\/li>\n<li>Better price realization for all stakeholders<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2904 size-full\" src=\"https:\/\/agnext.com\/wp-content\/uploads\/2022\/02\/Image-02-2.jpg\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-02-2.jpg 1200w, https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-02-2-300x157.jpg 300w, https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-02-2-1024x536.jpg 1024w, https:\/\/test.agnext.com\/test\/wp-content\/uploads\/2022\/02\/Image-02-2-768x402.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>Not only is it incentivizing trade, particularly in the post-harvest ecosystem but is also driving multiple growth opportunities for businesses to align with the emerging demands, globally. With a standardized approach to quality management, AgNext is building a more efficient &amp; safer ecosystem for spice businesses to leverage their potential, and boost ROI with transparent supply chain processes.<\/p>\n<p>This one-of-its-kind solution can easily be integrated with an organization&#8217;s ERP system. The value that AgNext\u2019s AI-driven solutions bring in, has already been celebrated by the who\u2019s-who in the spices industry. Over 2000 farmers in Telangana and Meghalaya are already making the most of their yield via fairer price determination &amp; ensuring significantly reduced losses with instant quality analysis via Qualix.<\/p>\n<p>Incentivizing growth for all stakeholders with trust, transparency &amp; traceability, \u201cAgNext is creating a bigger impact on the spices industry by redefining post-harvest trade &amp; ensuring quality food for billions!\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The spices industry is growing hotter with new-age technologies: Are you ready to thrive? The Indian spices industry, with a massive growth surge in recent years, has played a pivotal role in driving the economic growth of the country. Despite economic slowdowns amid the covid-19 pandemic, the spices sector sustained its growth momentum with increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-2903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spices"],"_links":{"self":[{"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/posts\/2903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/comments?post=2903"}],"version-history":[{"count":1,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/posts\/2903\/revisions"}],"predecessor-version":[{"id":2906,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/posts\/2903\/revisions\/2906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/media\/2905"}],"wp:attachment":[{"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/media?parent=2903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/categories?post=2903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.agnext.com\/test\/wp-json\/wp\/v2\/tags?post=2903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}