Bringing End-to-End Traceability to the Food and Beverage Industry Supply Chains
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. An Allianz Global Corporate & Specialty report 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 ...
