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Posted: 2020-03-02 07:43 AM . Last Modified: 2022-06-23 09:34 PM
As consumers, we all want to be assured that the food we eat contains what it says it does on the label and that the product doesn't pose any short or long term health risks. Food & Beverage industry supply chain efficiency is critical to both corporate profits but also all consumers well-being as they consume the manufactured processed foods. And F&B manufacturers are right to make food safety a top issue!
An Allianz Global Corporate & Specialty report, 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.
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:
Together these solutions play a significant role in helping F&B organizations to cope with the challenge of food safety.
Traceability across the supply chain is hard work and crafting solutions involves the development of close technology partnerships. Companies like Schneider Electric have partnered with Agena 3000 (advanced expertise in PIM systems), Inexto (serialization expertise) and Microsoft (supply chain-related blockchain expertise) in order to provide F&B solutions that integrate end-to-end traceability into the supply chain workflow.
Originally posted on SE Blog
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