Supply chains across all industries are undergoing technological transformation to become more efficient, increase visibility, and improve transactions between trading partners and consumers. Product shortages and delays across multiple product categories during the COVID-19 pandemic made headlines, highlighting the impact of supply chains on people’s lives.
Varcode, the maker of patented digital, time and temperature sensitive supply chain solutions, announced today it closed its most recent round of funding with a syndicate of investors. The infusion of capital gives Varcode the ability to expand and fully commercialize its solution amidst growing demand and additional use cases.
There has been a lot of hype in the supply chain world around emerging technologies, and if you listen to that hype, you may think our robot overlords are doing their work in such an efficient way that you can manage everything from your smartphone on the beach. But beyond the hype, real solutions are making their way into the mainstream that are helping cold food producers and distributors optimize their supply chains.
Here's the advantages of end-to-end traceability solutions for the food and beverage supply chain, and the steps companies need to take to start reaping their rewards.
Siemens details how blockchain technology is poised to revolutionize food supply chains, by enabling proactive approaches to food safety and offering unparalleled transparency.
Blockchain enables individual units of food to be recorded and identified by a transaction record that cannot be edited by any party. This enables suppliers to keep track of the products being shipped by time and location, moving the shipment process along at a quicker pace without missing information that could lead to contamination.
Logistics companies are looking at cutting-edge technologies such as artificial intelligence, machine learning, blockchain and IoT to help stay competitive and reduce costs.
Major drivers of a digital supply chain include demand for greater visibility and transparency in supply chain data process, faster adoption of IoT, increasing investment in supply chain innovation and rising demand from e-commerce.
December 4, 2019
The next-generation supply chain market is scheduled to reach $75 billion by 2030, up from $32 billion in 2019, according to “Next-Gen Supply Chain Market – Global Forecast to 2030,” a study released by LogisticsIQ, Singapore.
Research found that IoT and blockchain will add significant value to players involved in the supply chain, from farmers to retailers and consumers.
December 3, 2019
New data from Juniper Research, London, shows that blockchain will enable $31 billion in food fraud savings globally by 2024 by immutably tracking food across the supply chain.