Bringing End-to-End Traceability to the Food and Beverage Industry Supply Chains
Originally written by on Michael Jamieson| October, 1, 2018
Food and Beverage (F&B) industry supply chain efficiency is critical to both corporate profits and to the well-being of the customers who consume the manufactured processed foods. People want to be assured that the food they eat contains what it says it does on the label and that the product poses no short or long-term health risks. F&B manufacturers are right to make food safety a top issue.
AnAllianz Global Corporate & Specialtyreport published in late 2017 estimates that insurance claims for a product recalls reached an average of $9.5 million, with the F&B industry being the second most impacted, just behind the car industry. In fact, a trend is developing where consumers are demanding access to much more data surrounding the sources of raw materials that make up their foods and whether those materials are produced in a sustainable manner.
The press and social media are raising awareness levels when something goes wrong in the food and beverage supply chain. Any news on deceptive practices or food borne illnesses, for example, often goes viral and get published nationally and, sometimes, across the globe.
With food safety being such a high visibility issue, F&B companies are tasked with having a much better handle on the traceability of their products, not only in their food processing factories but also across upstream and downstream supply chain processes.
Traceability and labeling are critical success factors
In order to address these challenges, new technologies surrounding processes that support product information management (PIM), food packaging serialization (assigning and tracking a unique serial number to individual lots or items in the food supply chain), and automated label assurance are being rolled out. Below is a description of how each of these newly digitized supply chain processes benefit the F&B industry and its customers...