By 2030, new emerging traceability technologies like IoT sensors, blockchain and food-sensing technologies could reduce food loss by 85 million tons.
Aiming to address global demand for food, The World Economic Forum, Switzerland, released “Innovation with a Purpose: Improving Traceability in Food Value Chains through Technology,” a report that investigates the role of disruptive technology applications capable of effectively tracing inefficiencies in food value chains. From food fraud to foodborne illness and food loss caused by inefficiencies in the supply chain, lack of production and supply chain visibility are the first to suffer.
The World Economic Forum’s Innovation with a Purpose Platform is a large-scale partnership and project accelerator that aims to harness the transformative power of the Fourth Industrial Revolution to better address food system challenges.