Seed quality is the backbone of the food supply chain. The illegal seed market poses a threat to the entire world. Food security, sustainable agriculture, and farmers’ incomes are set down without the proper regulation and management of the seed value chain. Traceability solutions help in addressing these challenges.
Bananas are one of the most favorite, popular and cheapest fruits in the world. The banana supply chain is fragmented and needs to conform to quality standards for the export market. The demand for consumer food safety, provenance, validation of certifications and transparency in the supply chain has triggered the need for traceability solutions in the banana supply chain
The ever-growing food industry has an intricate web of operational connections between players in the supply chain. The supply chain and its management become one of the most important aspects of the functioning of the colossal food industry. Blockchain traceability solutions provide real-time transparency in the entire supply chain. TraceX has helped many organizations in achieving this end-to-end traceability across different value chains
With globalization, the food Supply chain has become more complex. Bigger volumes, more stakeholders, larger distribution channels, and legal and safety issues amount to a multifactorial management issue. With the implication of Blockchain in supply chain management, data can be accessed through its decentralized ledger system providing transparency throughout the supply chain.
The food safety challenges, hygienic practices and the aflatoxin and pesticide issues are impeding exporters to satisfy the requirements of destination markets for spices. Traceability in the spice value chain is the solution to boost consumer satisfaction and enhance the sustainable growth of the spice sector. Digital platforms capturing the barn to bottle story of these spices will bring visibility and transparency to these value chains.
The food supply chain is truly a complex global network, with challenging issues like globalization, food insecurity consumer preferences, and regulatory demands. Food traceability plays a vital role in protecting public health, building sustainable businesses, and a climate-resilient future.
Sustainable food systems depend on farming, waste management, and supply systems. A sustainable food system delivers economically viable and socially beneficial food security to all. Blockchain technology provides a verifiable record as to who buys what from whom and this transparency helps consumers to adopt sustainable lifestyles.
Food Waste is a major contributor to greenhouse gas emissions that impact climatic changes. Blockchain technology will usher in a new era of food traceability, which could go beyond addressing food safety issues by driving sustainability with reduced food wastage and lowering the inefficiencies and costs of food supply chains.
In order to have a global presence, India’s food supply chain needs to be agile, adaptive, and efficient. Digitization of the food supply chain is inevitable to optimize supply chains. Streamlining of processes, improvements in cold chain infrastructure, and complying with regulatory standards should be able to redefine supply chain management.
According to the Grocery Manufacturer’s Association, an average recall costs $10 million and takes 14 days to identify and 34 days to enact, and by this time only 40% of the products can be collected. It is the brand’s responsibility to remove the product from circulation and prevent foodborne illness. Blockchain technology aids in better recall management.
Coffee is among the top traded commodities after oil. This is going to cause pressure on tropical forests and habitats. Therefore, in order to make it sustainable, the amount of greenhouse gas emissions needs to be measured at each stage. The biggest contribution of blockchain is the ability to measure carbon footprints along with IoT sensors and generate data that can be analyzed and aggregated.
Bengaluru-based startup TraceX Technologies has raised $1 million in pre-series A funding led by NABARD backed NABVENTURES Fund. The round also saw participation from Paipal Ventures, an early-stage family office investment fund, and from angel investor Sunil Kumar.
Food Supply Chain Management aims to ensure food quality, safety, and authenticity of food for both consumers and organizations. Certifications against food sustainability standards for production and verification of the product sourcing claims bring credibility to food products and ensure compliance in the global food market.
The ability to follow the movement of food products and their ingredients throughout the supply chain both upward and downward is known as traceability. The need for Food traceability arises from two different ends of the spectrum, the producer and the consumer. Let us understand the 5-step approach to food traceability
In the seafood industry, traceability is important for food safety, to authenticate sourcing claims, and to verify sustainability. Tracing the fish from the bait to the plate, capturing information, and tracking movement at each stage in the supply chain is vital in the global seafood industry.
Digitization of the supply chain is one way to reduce carbon emissions. Tracking carbon emissions with end-to-end traceability solutions should be a competitive edge to organizations to drive the UN’s Sustainable Development Goals. Carbon Traceability should be the way forward to reach the net zero goals.
Traceability is an important tool that tracks the product from the source to consumption and brings transparency to food supply chains. Food Traceability systems protect consumer health, build trustworthy brands, satisfy regulatory compliance and make the supply chain efficient and resilient.
There are some hot issues grappling the dairy industry. Setting up a safe, hygienic, transparent and economic dairy supply chain is a major challenge in the food and agriculture industry. Dairy traceability with blockchain technology should ensure transparency in the supply chain and assure a zero adulterated safe product.
The journey of food from farm to the consumer’s table is a complex one. The supply chain is a vital network with inter connected systems connecting the source of food to the final consumption. Food Traceability has emerged as a top priority in building resilience in food supply chains.
Provenance for the food you grow, distribute and sell will be a critical factor for companies in the global food scenario. An end-to-end digitized supply chain with traceability solutions should drive companies to achieve the sustainable goals and build consumer trust.
The fruit and vegetable supply chain is complex with an increasing demand for food safety and sustainable practices. They account for more than 10% sales in a super market of a country with their short product life being a major challenge. Supply chain digitization with Traceability is the right solution.
With the world’s latest focus on environmental performance, supply chains worldwide are being watched, and demands for accountability are coming from both stakeholders and consumers.
Blockchain-based supply chain traceability makes it possible to track the lifecycle of any product and allows companies to comply with new guidelines while backing up their claims and improving their efficiency.
Smart Contracts, Data Analytics, Smart Packaging and Blockchain based traceability solutions build robust, secure and resilient supply chains.
Blockchain is an emerging technology in today’s supply chains. Its Transparency, Accountability, Security and Interoperability features have improved the productivity and end to end visibility of food supply chains.
Blockchain technology helps businesses to bring credibility to their carbon offsetting strategies to backup their net zero commitments with public transparency.
The challenges due to the perishable nature of products in livestock sector in terms of foodborne diseases and contagions and demand for stringent safety standards are leading to the advent of blockchain based traceability solutions to usher in a new era of
The COVID-19 pandemic has shed light on a number of fissures prevalent in our current food ecosystem. Digitizing the supply chains with blockchain traceability solutions will build resilience in the food and agriculture sector with adequate food safety.
Consumers are making dietary shifts towards sustainable and reliable products due to disease outbreaks and food contamination. Blockchain based traceability solutions deliver a digital footprint of the product and assure compliance to quality standards.
The increasing demand for consumer awareness on food safety, low environmental impact, and better animal welfare has spurned the advent of poultry traceability. Blockchain solutions drive supply chain transparency by tracing the journey of the entire product from the farm to the plate.
The problems faced by Seafood industry, one of the world’s first and largest commercial enterprises in the food industry are overfishing, illegal, unreported, unregulated (IUU) fishing, and bycatch. Emerging solutions in blockchain-based food traceability address these practices.
The blockchain use case for the food and agriculture sector has proven to be the best known way of assuring transparency. It has become an essential tool to protect the investment in seed research and development. Ensuring the creation of quality seeds is a fundamental part of any food system . Blockchain technology helps brands to gain a competitive advantage by enabling transparency from nucleus seed to certified seed in the crop journey.
India’s extensive agricultural network makes it one of the largest seed markets in the world, with an estimated value of $ 3.6 billion in 2017 and a 17% annual growth rate during 2010-2017, according to Research and Markets. The main challenges in the Indian seed market are the unorganized seed supply chains that compromise the seed health during its transportation and the market for fake seeds. By leveraging blockchain for agriculture management, traceability solutions focus on reinforcing market confidence in seed quality.
There is a huge demand for food production on account of the growing world population. It is critical to increase the agriculture yield without compromising on the ability of future generations to meet their needs. Sustainable agricultural practices will nurture the environment, society and the economy.. Modern agricultural practices will maximize food production, reduce the environmental impact and limit operating costs.
Business leaders have understood that sustainability is an investment. As part of the efforts to strengthen companies’ corporate responsibility in different industries, the Global Corporate Sustainability Index rates their adherence to Environmental, Social and Corporate Governance (ESG). . Businesses need to embed sustainability in all parts of their organization and translate it into their brands.
Coffee, one of the world’s favorite beverages, has been around for centuries. Every bean has a story, and we owe our consumers to know about the journey from the bean to their cups. The coffee value chain is very complex involving many processes and various players involved. Traceability allows companies to track and record the movement of produce through every production stage, from cultivation to the end consumer, through blockchain technology solutions.
An estimated 600 million – almost 1 in 10 people in the world – fall ill after eating contaminated food, and 420 000 die every year. Companies incur $10M in recall costs. A product recall involves the removal of a product from any stage of the value chain. This could be due to several reasons. Traceability helps to identify the origin of contaminants and defects.
Consumers’ choice towards a healthier lifestyle has transformed the strategy of leading and emerging brands. Conscious branding embraces ethical business practices. It integrates social and environmental responsibility at its core. It creates transparency and accountability and gives a competitive edge.
Evolving consumption patterns worldwide are putting the food industries up against the wall. The race for consumer trust is has led brands to work with digital food traceability, the only way to guarantee complete transparency. Leverage the power of Blockchain in agriculture to digitize agricultural ecosystem. Make the supply chain clean, credible, and traceable.
People today are looking beyond the food on their plates.. Where are they sourced, who are the producers? In what way is the food processed? And how safe it is for consumption? Consumers prefer healthier and trustworthy food brands.. End to end visibility in the food supply chains with traceability solutions will bridge the gap between the producer and the consumer..
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