The growing number of food fraud cases is a driving factor in growth of blockchain technology.
January 4, 2019
The overall blockchain in agriculture and food supply chain market is projected to grow exponentially stronger at a CAGR of 47.8% to reach $429.7 million by 2023 from an estimated value of $60.8 million in 2018, according to research conducted by MarketsandMarkets, Northbrook, Ill.
For carriers, autonomous trucks are likely to bring disruption to operating models, cost structures and economic models.
January 1, 2019
McKinsey & Co., New York, revealed five trends set to create change for the trucking, rail, warehousing and logistics companies that move America’s merchandise.
Research shows that retail winners are confidently investing in new data and technologies to improve their supply chain through better forecasting and execution.
December 6, 2018
Symphony RetailAI, Dallas, Texas, announced findings from its benchmark report, “Supply Chain Management 2018: In Service of the Customer.”
However, there is still concern with inflationary pressures.
November 14, 2018
The U.S. logistics and transportation industry is highly optimistic regarding the U.S. economy and their company prospects over the next three months, according to a quarterly survey conducted by TCompanies, Henderson, Nev.
While blockchain technology has been around for more than a decade, its popularity caught fire with the rapid rise of cryptocurrencies. However, the food and beverage industry has been slow to adopt it, particularly in the supply chain.
Even though blockchain maturity is several years away, now is the time for companies to become educated on how it can lead to vast improvements in the food supply chain.
Blockchain provides a way to digitize every step of the supply chain through a distributed, connected ledger, linking all records from source to shelf.