From seed companies and agro-chemical suppliersto shipping firms and food processers, a handful of actors are increasing their market share and their ability to shape food systems. Consolidation across the agri-food chain is having major impacts on the way companies innovate, as well as their ability to set conditions and prices in markets. Digitization, big data and blockchain technologies are transforming all aspects of the food chain. In this context, it is crucial to ask who is currently reaping the benefits from these changes, who shouldersthe risks, and how these developments benefit different food system actors.