Why data is key to complete supply chain traceability in food & beverage
The benefits of traceability for companies along the supply chain make it an essential undertaking.
Achieving end-to-end supply chain traceability for companies in the food and beverage industry is not going to happen overnight. In fact, it’s not going to happen at all without a proactive approach that prioritizes quality-assured and standardized data. However, the benefits of traceability for companies along the supply chain — being able to prevent irreversible damage, loss or theft — make it an essential undertaking.
Since the introduction of Food Safety Modernization Act (FSMA) in 2011, a proactive approach to supply chain efficiency among food and beverage companies has become more commonplace. While companies used to simply react to events, now the industry is witnessing an increased focus on preventing problems before they arise. Predictive capabilities along the supply chain are facilitated by real-time monitoring solutions that use technologies such as artificial intelligence (AI), the Internet of Things (IoT) and blockchain, all of which require standardized and quality-assured data to power them.