Foodborne illnesses can spread quickly. A recent example is that of a batch of listeria-contaminated eggs causing one death and seven reported infections across five states. In many ways, the world of food supply chains is encapsulated in this tragedy. The contamination occurred in a single facility in Gainesville, Georgia, but resulted in products from more than 30 brands being pulled from the shelves and recalled. Grocery chains affected included Trader Joe’s, Costco, Lidl, Walmart and Kroger. Download this report today on how technology will boost transparency in food distribution.
Analyst Insight: With fierce global competition and changing regulations in the food and beverage industry, the speed at which enterprises can react and adapt is imperative to their success. Digital solutions that provide supply-chain visibility from field to factory, distributor and customer have disruptive potential. These solutions generate a tremendous amount of data that can be harvested and used to optimize processes, identify risks, and improve quality in real time.
Analyst Insight: With big data getting even bigger, organizations large and small are trying to find the best way to distill it into meaningful insights that help leaders make strategic business decisions. Best-in-class organizations are creating formal, centralized and hybrid supply-chain analytics programs or structures. While they provide governance and oversight, hybrid programs help organizations combine the holistic perspective and control of centralized guidance with flexibility and insights into the business needs provided by decentralized implementation.
Analyst Insight: Eighty-three percent of participants in APQC’s quick poll research report that their supply chains are undergoing digital transformation. Yet despite the widespread embrace of this major organizational change, digital transformation in many supply chains suffers from the lack of a consistent definition and overarching strategy. As a result, rather than realizing the strategic integration of multiple technologies, too many organizations are solving discrete business problems with one-off digital solutions.