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Twenty-twenty was an eventful year to say the least. As the tumultuous year comes to a close, the world is still reeling from the deadly Covid-19 pandemic, which has impacted every aspect of life and business.

But there was more to this year than disease and strife. Big deals were done, innovations launched, and progress towards sustainability was made.

To read the roundup of the most important stories of the year, published in PKN's Nov-Dec 2020 issue, click here.

Food & Drink Business

The livestock cycle is about to do something Global AgriTrends' Simon Quilty has never seen before, and the consequences run well past the saleyard. Several of the world’s major cattle producing countries are rebuilding at the same time, Australia is entering its own rebuild, and the sheep flock has already passed its tipping point. For anyone whose raw material is an animal, the next three years are the tight part of the cycle.

Companies developing the next generation of food, ingredients and biomanufacturing now have access to a food-grade pilot-scale precision fermentation facility in Australia.

Synlait Milk has reported a $75.4 million net loss for FY26, but a return to operational stability in the second half delivered a sharp improvement in earnings as the dairy processor continued its turnaround.