On Demand: As food and beverage producers face growing pressure to do more with less, they face a familiar challenge: product recalls. With supply chains expanding across the world and an increased focus on bringing products to market faster than ever, it becomes increasingly difficult to prevent expensive mistakes.
With the blockchain, food and beverage producers can utilize a secure, transparent ledger for every transaction and quality control check in a supply chain. By its very nature, the blockchain is decentralized and encrypted, protecting it from tampering from any party. As a result, every organization involved in a supply chain can rely on the data to accurately and efficiently track products. F&B producers can identify where defective products are in a matter of seconds, avoiding disastrous recalls and saving tens of millions of dollars.
- Contextualization of IOT data with production orders to provide insights on production performance and KPIs.
- Tracking of production processes from raw materials to finished goods to create genealogy within the plant.
- Simulation of the supply chain to generate IOT data for Trusted Traceability.
- Prescriptive data analytics to improve products and processes based on contextualized data across the product lifecycle.