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Supply chains across all industries are undergoing technological transformation to become more efficient, increase visibility, and improve transactions between trading partners and consumers. Product shortages and delays across multiple product categories during the COVID-19 pandemic made headlines, highlighting the impact of supply chains on people’s lives.
Utilizing a systematic approach enables manufacturers in reducing and even preventing the contamination of food and beverage products before reaching the hands of consumers.
The right ERP partner will support manufacturers in providing safe, consistent, quality-driven products that inspire and ensure consumer confidence now and into the future.
TruTag Technologies, Emeryville, Calif., announced that Pangaea Ventures Ltd., Canada, and Happiness Capital Ltd., Hong Kong, made investments in the inspection management software provider.
By using a decentralized approach and an audit trail built on blockchain, Trust Your Supplier is designed to eliminate manual processes and help reduce the risk of fraud and errors.
IBM, Armonk, N.Y., and Chainyard, Morrisville, N.C., announced Trust Your Supplier, a new blockchain network designed to improve supplier qualification, validation, onboarding and life cycle information management.
Gartner, Inc., Chicago, predicts that, by 2025, 20% of the Top 10 global grocers by revenue will be using blockchain for food safety and traceability to create visibility to production, quality and freshness.