In 2018, there have been 703 food product recalls1, for various reasons, in the US alone — that’s almost two a day! More recently, a multi-national F&B conglomerate issued a major recall of its cookie dough, after rubber was found in some items2. Everything from ground beef3 to fresh avocados4 have had massive recalls issued at one point or another, millions of products recalled costing enterprises hundreds of millions of dollars.
Traceability of stock movement across geographies is a daunting task, even with the best of tools at their disposal. The ability to establish a Hold-and-Release, that can help locate a specific batch of products in a complex partner ecosystem, within a matter of hours, would be a huge game changer for any company.
Product Traceability offers enterprises a scalable ERP-agnostic solution that connects with both legacy and modern systems of records across the supply chain. It enables enterprises to stay in control of the inventory movement by tracking and tracing products in near real time.
For ingestion of data coming from multiple channels and varied ERPs (via APIs, Emails, Files etc.) on a near real time basis
For managing parent-child hierarchical relationships in inventory data
with integrated hold-and-release benchmarks
with partner compliance services and program governance dashboard
we’ve enabled 25+ global enterprises and Fortune 500 companies — across CPG, apparel, beauty, pharmaceuticals, food and beverages, and technology industries to begin this journey.
The global beverage market, both alcoholic and non-alcoholic, is projected to reach USD 1.8 trillion by 2024, growing at 3.1% CAGR each year. The lion’s share of this growth is expected to come from
Businesses across industries are increasingly adopting AI with the pursuit of new opportunities for growth.