Schneider Electric develops new end-to-end traceability tool for food and beverage supply chains

By Laura Mullan
Schneider Electric has unveiled that it is developing a new end-to-end traceability tool for food and beverage supply chains.

Schneider Electric has unveiled that it is developing a new end-to-end traceability tool for food and beverage supply chains.

Combining its knowledge of the food and beverage market with the expertise of Microsoft, its partner in blockchain technology, the firm's latest traceability application will be able to monitor products across an entire supply chain.

With 21 of the Global Top 25 major food and beverage companies amongst its customers, Schneider Electric has highlighted that many companies the sector today face “increasingly complex supply chains, stricter regulation and more demanding consumers” and therefore, traceability is a top priority.

SEE ALSO:

Benjamin Jude, Food and Beverage Segment Solution Architect at Schneider Electric, said that “this End to End traceability tool facilitates much faster product recalls.”

“With this prototype, these companies can build an electronic passport for each product to fully automate the contracts between them. For example, leveraging IoT, they can maintain an unbroken cold chain," he added. 

As well as providing full product traceability, the “End to End Traceability” tool will also offer time savings by warning distributors in real time of any delays in delivery or production.

The application was shown at the Schneider Innovation Summit in Paris last April and it is still in development. 

The tool will utilise Schneider Electric’s EcoStruxure IoT platform and will feature technologies including shock or humidity Telemecanique Sensors and a “click-to-cloud” system for reporting secure information from connected objects and sensors.

The firm has also drawn on Microsoft’s Azure cloud platform and knowledge of blockchain technology.

Traceability is a major challenge for food and beverage manufacturers today. According to a 2017 Allianz Global Corporate and Specialty report, insurance claims for a product recall reach an average of $9.5mn, with the food and beverage industry being the second most impacted, just after the car industry. 

Share

Featured Articles

Dynamic data key to unlocking supplier value - TealBook CEO

Stephany Lapierre, CEO and Founder of supplier data foundation organisation, TealBook, on how procurement can be transformed with dynamic supplier data

China manufacturing imports down 30% - US logistics firms

DHL Global Forwarding are among US logistics businesses to highlight drop off in Chinese manufacturing imports, as consumers shift from goods to services

Third-party supply risk 'key to survival' - Refinitiv report

The American-British global provider of financial market data and infrastructure, Refinitiv, has published a paper on how 3rd party is a key to survival

Logistics global air, sea rail & road news round-up

Logistics

IBM supply chain head's digital transformation insight

Supply Chain Risk Management

Uyghur Forced Labor Protection Act & US supply chains

Sustainability