By Mike Lorbiecki, Vice President, IFS North America
How three key technology developments are enabling the Food & Beverage industry to provide full visibility across the entire supply chain
THE KEY DRIVERS OF TRACEABILITY IN PROCESS MANUFACTURING
The European horse meat scandal and the 2014 expired meat incident in China have highlighted the immediate importance of being able to trace, with certainty and in detail, products as they pass through the supply chain. In the US alone, food recalls and foodborne illnesses bear an annual price tag of $77 billion, including discarded products, loss of revenue and healthcare costs. In the pharmaceuticals industry, the Drug Supply Chain Security Act introduced new regulations for manufacturers in 2014, making traceability even more important. On top of this, the damage caused by a product recall to a company’s reputation can be even more devastating and much harder to recover.