The promise of new technologies like blockchain—applied to such an essential aspect of daily life as the food supply—is both exciting and a good reason to look to the future with hope.Continue reading
Sixty percent of global consumers cite sustainability and social responsibility as essential considerations when choosing which products to buy. They look to their preferred food brands to make the best decisions, but are those companies looking out for their consumers’ best interest? The answer varies from company to company.Continue reading
Supply chains are complex contraptions, with many middlemen and intermediaries. A customer simply paying a supplier is often a complex undertaking, requiring the use of electronic data interchange (EDI) by both parties. Likewise, it’s easy to overpay on invoices without full-fledged freight settlement.Continue reading
Sadly food recalls have become a norm and increasingly consumers are getting immune to the recall announcements! Fact check-in 2018 alone, there were 125 food-related recalls that included more than 20 million pounds of food being recalled according to the United States Department of Agriculture.Continue reading
Combatting Food Supply Chain Challenges with Blockchain and IoT Integration – A powerhouse amalgamation scaling business processes and systems.
A report by Cointelegraph Consulting and VeChain forecasts that it will be possible to trace $300 billion worth of food items in the supply chain within seven years, and could save $100 billion a year. The food supply chain has been long witnessing continuous pressure to enhance its processes to addressContinue reading
Supply chains today are complex, globe-spanning, and multi-stakeholder systems. As the chain grows longer, tracking the current location of products and tracing and verifying their sources is increasingly tough.Continue reading