The Benefits of Traceability & Blockchain Technology for the Food Industry

When it comes to the food industry, traceability is a big issue. Meeting traceability requirements is challenging; each product has to be accounted for and trackable, which takes time, money and resources.

With the right tools, businesses can make sure traceability is done properly and achieve compliance without the associated headaches.

This webinar will explore how technology can support producer-to-retailer traceability, including GS1 standards, GTIN adoption and PTI compliance. It will also look at the part Blockchain traceability plays in providing a leap forward enabling food producers to securely share their traceability data throughout the supply chain.

BLOCKCHAIN traceability is all about verifying provenance and ensuring the verification cannot be tampered with. The webinar will explore its prime use in ‘our world’ of food supply chain tracking.

Other surprising benefits provided by effectively utilising traceability data will also be explored in this presentation. With access to the data charting the journey of food, producers can utilise data stored on the blockchain to identify slow-moving items or produce that lays dormant before collection. Moreover, being able to map supply lines could open the door to potential pooling opportunities, contract renegotiation, or to previously unknown routes. It will also allow suppliers to manage demand more effectively. The very same data could be manipulated to identify issues such as overstocking or stock-outs, thus ensuring resources are utilised optimally and reducing the likelihood of wasted journeys or unnecessary loads.

Traceability technology will also reduce admin-overheads by automating documentation. Vital information – such as bill of lading, invoices and certificates – will be shared via the blockchain. This allows for quick hand-offs and decreases the likelihood of timely mistakes.

Ultimately, greater traceability and efficiency will make for quicker, more reliable supply chains – helping suppliers to improve relationships with retailers and maximise profits.

Speaker

Jack Payne, VP, Product Management & Solutions Consulting, Aptean

Jack Payne is a VP of Product Management and Solutions Consulting at Aptean, focusing on Food and Beverage Enterprise Resource Planning (ERP). Payne originally joined the organization nearly 30 years ago with Ross ERP and spent much of that time working closely with manufacturers to understand their challenges and tailor the development of the product accordingly. Over the years, Payne has collaborated with customers, industry analysts and developers to create a strong vision for our ERP solutions and has become a well-respected industry resource for best practices and future technology advancements.

Message Presenter