Approximately 30% of waste is generated in crop production. Around 62% of total waste is produced in production and processing only. Where does all this waste go? Is there a method to produce less waste that doesn’t harm the environment? A circular economy might be the next best thing. Learn what it’s about and how it can drive a sustainable future.
Crop production and farming activities need to increase to meet the demands of the growing population. Agriculture companies need to increase their presence in meeting these demands through digitization of the food supply chains. Farm digitization, supply chain transparency with traceability, and real-time data capture at all stages in the food supply chain influence agriculture and food production and eliminate disruptions.
The food sector in India is going through a massive transformation. With the increasing demand for quality and safety standards, increasing efficiency, and integrating small farmers into the value chain, an integrated perspective of the supply chain is required. The main objective of supply chain management is to reduce cost, improve organizational performance and provide satisfaction to the consumer.
With globalization, the food Supply chain has become more complex. Bigger volumes, more stakeholders, larger distribution channels, and legal and safety issues amount to a multifactorial management issue. With the implication of Blockchain in supply chain management, data can be accessed through its decentralized ledger system providing transparency throughout the supply chain.
In order to have a global presence, India’s food supply chain needs to be agile, adaptive, and efficient. Digitization of the food supply chain is inevitable to optimize supply chains. Streamlining of processes, improvements in cold chain infrastructure, and complying with regulatory standards should be able to redefine supply chain management.
Food Supply Chain Management aims to ensure food quality, safety, and authenticity of food for both consumers and organizations. Certifications against food sustainability standards for production and verification of the product sourcing claims bring credibility to food products and ensure compliance in the global food market.
Smart Contracts, Data Analytics, Smart Packaging and Blockchain based traceability solutions build robust, secure and resilient supply chains.
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