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. It’s no surprise that the total amount of work needed for a […]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. Recalls have a huge impact and are undoubtedly a huge threat […]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 address the gaps and points of failure […]Continue reading
Track and Trace in Supply Chain : The Immutability and Information Problem 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. In the past, ERP and other TnT systems have come to the rescue of […]Continue reading