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Food loss and waste (FLW) happens on every-level in the supply chain. The impacts of FLW are devastating and, thankfully, can be avoided through swift and direct action on every level.
With suppliers signed onto the program, food is scanned as it leaves their premises, when it arrives at the distribution center and at individual restaurants
In a successful proof of concept in Indonesia, Unilever applied GreenToken, a blockchain technology, to source more than 188,000 tons of palm oil fruit.
Current supply chain woes have made nearly every aspect of processing an ongoing guessing game, from forecasting ingredient availability to ensuring finished foods arrive at their destinations on time. One way to help make sense of the situation is to invest in track-and-trace technology that can monitor every step of a product’s journey.
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.
A new Smithers report, The Future of Anti-Counterfeiting, Brand Protection & Security Packaging to 2026, show demand for anti-counterfeit technology, including track and trace, tamper-evidence, product authentication and others, will reach $3.25 billion in 2021.