It is important for organizations to have a solid forecasting system in place for budgeting already, but even more so now with rising costs and inflation.
While we hope the COVID-19 pandemic is fading into the background, we still need to be concerned with labor shortages, transportation interruptions, political issues, weather extremes, and other peripheral circumstances that can still break critical links in the supply chain.
While there have been many success stories, blockchain technologies are still developing, so producers and processors will need to examine their needs carefully
Blockchain providers are working hard to gain the acceptance of food and beverage processors—no matter their size, and standard datasets like GS1 are helping to define the rules for consistent information handling.