Global Industry: Infarm may want to leave Europe

Bremerhaven. (bm) Infarm – Indoor Urban Farming B.V. – may want to leave the European market, rustles the press in surprise. The assumption is certainly not new, after the founders Erez Galonska (CEO), Osnat Michaeli (CBO) and Guy Galonska (CTO) announced a change in strategy in November 2022 and more than half of the workforce – about 500 employees – had to leave. The Company blamed «the escalating energy prices and the difficult financial markets.» It said it needed to adjust its ambitious growth targets and increase efficiency to make the business profitable and continue to pursue its long-term mission. Outsiders naturally wonder why Infarm doesn’t generate the energy it needs itself. After all, vertical farming can only succeed if solutions to its Achilles heels are already on the table. In other words, if you don’t just bask in the glow of your investors, but roll up your sleeves and solve problems. Other topics of the week: