Wil Schoenmakers, global head of consumer products and manufacturing at PA Consulting, discusses PA’s collaboration with San Francisco-based food tech startup Treasure8 and scaling businesses globally. Timothy Childs, CEO from Treasure8 is also quoted.
It’s been nine years since Treasure8 began in San Francisco. This year the company has decided to take its food revolution abroad. Partnering with London-based PA Consulting, Treasure8 is expanding operations into Europe. The startup already has an office in Amsterdam. Now, it is eyeing the entire continent.
Timothy Childs, founder and co-CEO of Treasure8, says: “Where we will go is determined by which corporate and governmental partnerships are most motivated to move quickly and scale up with us as fast as possible. This is all part of our mission to lead a resource revolution – we know this won’t be done overnight as there are billions of kilos of food wasted annually around the world, and luckily now there are many companies working on specific solutions.
Childs continues to say:“However, the time for incrementalism is over and we need large scale, step-function changes to ensure we can deliver more tasty nutrition to those who need and want it -especially during this time of COVID-19 crisis.”
“It is only going to get worse so we all must accelerate the efforts we make.”
PA Consulting has a long track record of scaling businesses globally. Working across several verticals, the British company has assisted brands as diverse as the UK’s National Crime Agency, US additive producer Milliken and the City of Calgary. As soon as Treasure8 visited PA’s Global Innovation and Technology Centre in Cambridge, a partnership was on the cards.
PA Consulting’s, Wil Schoenmaker, comments: “It quickly became clear that Treasure8’s transformational food technology platform was highly effective and eminently scalable, able to preserve more nutritional value of dried food products than conventional methods, and also able to upcycle surplus produce and food into highly nutritious products and ingredients.”
“A mutually beneficial partnership ensued, to realize our joint ambitions in sustainability and nutrition, combining Treasure8’s technology and PA’s global network of CPGs (consumer packaged goods) and end-to-end innovation skills.”
Will continues: “This is why a strong partnership with a leading global scale-up company like PA Consulting is a great accelerator for this effort,” he adds. “They know what they are doing in areas we don’t, and are mission-aligned. That’s a recipe for success in the making.”