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IBM Food Trust Taps Blockchain, AI to Help Small-Scale Farmers
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IBM Food Trust aims to allow smallholder coffee and cocoa farmers in Honduras to make more informed and better business decisions through blockchain and artificial intelligence. The farmers will have access to IBM Watson Decision Platform for Agriculture and work with both IBM and Heifer International to create a more transparent coffee and cocoa supply chain, allowing smaller farmers to earn more. According to Heifer, these small-scale coffee farmers operate at an average of 46-59% loss, with farmers earning less than 1% of the sale of a cup of coffee at a coffee shop.
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Ekhhosoft Debuts New Cloud-Based Operational Performance Management Software Solution for CPG, Food Manufacturers
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Food Traceability Leadership Consortium to Find Solution to FDA Regulations The Food Traceability Leadership Consortium will explore possible solutions to the FDA’s proposed traceability regulations under the Food Safety Modernization Act (FSMA). The Consortium announced that the optimal solution to traceability challenges within the food retail industry must have minimal cost that won’t impact margins or consumer prices and be easy to adopt, use and verify in order to drive universal adoption while meeting or exceeding FDA regulations in the future. “The FTLC and ReposiTrak worked collaboratively developing the guidelines to ensure the traceability solution endorsed will get broad buy-in from all trading partners. We have also confirmed the biggest challenges caused by the FSMA regulations, notably capturing shipment level data as product moves through the supply chain and traceability from the distribution center to the store and are now determining the capabilities needed to address them,” says Randy Fields, chairman and CEO of ReposiTrak. “Then we will find a solution that has those capabilities.” Read more: https://foodl.me/38u4tg
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FOOD LOGISTICS | AUGUST 2021
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Ekhosoft announced Ekho Cloud, a cloudbased operational performance management (OPM) software solution for consumer Ekhosoft packaged goods (CPG) and food and beverage manufacturers. “Today, we are excited to launch our out-of-the-box OPM software-as-a-service (SaaS) product. Ekho Cloud incorporates and embraces key input from our long-term customers, providing manufacturing-specific tools that enable our customers to improve operations and generate value, rather than configuring and maintaining a bespoke system. We understand the importance of finding the right balance between configurability and ease-of-use and are excited to embark on this SaaS initiative with our current and future customers,” says Jeffrey Maqsoudi, product manager at Ekhosoft. Ekho Cloud provides the core functionality for OPM in a pre-configured, best-ofbreed software solution built to uncover performance issues and empower the shop floor to drive and measure improvement initiatives. Read more: https://foodl.me/6h5yzk
Sustainability Remains Critical in Supply Chain Management
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Although there are many approaches to investing in supply chain management, interest in human rights protection, worker welfare and safety and energy savings and renewable energy increased significantly over the last year, according to a Deyan Georgiev - stock.adobe.com report produced by MIT Center for Transportation & Logistics (MIT CTL) and the Council of Supply Chain Management Professionals (CSCMP). In fact, supplier development was found to be the most common mechanism used by firms to deliver on their supply chain software promises. “We believe cooperation between sectors is vital to thoroughly understand the complexity and evolution of sustainability efforts more broadly,” says David Correll, MIT CTL research scientist. “Our work with CSCMP and our sponsors helps us to embed this essential research and its findings within the context of the real-life practice of supply chain management.”
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